Maritime Safety Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Maritime Safety Market covers analysis By Technology (Surveillance and Tracking, Detectors, Geographic Information System (GIS), Communication, Supervisory Control and Data Acquisition, Others); Services (Maintenance and Support, Training, Consulting, Risk Assessment and Investigation, Others); End User (Military, Government Agencies, Coast Guards, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022419
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The Maritime industry is one of the most extensive industries on the planet, and assuring operations at sea continue safely takes a decided effort. The execution of maritime safety takes both knowledge and vigilance and is important to increase security enforcement without decreasing the timely flow of international commerce. Maritime safety refers to the securing of a life or a specific science of property with the aid of management, technology, or regulation of some kind of transportation conducted over water. Various factors affect the security of maritime such as the conditions of the waterway

MARKET DYNAMICS

The Global Maritime Safety Market has witnessed strong growth owing to the growing number of threats, increasing awareness regarding the need for maritime safety, regulations in favor of necessitating security standards, and proliferation of international trade by sea. The Global Maritime Safety Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

MARKET SCOPE

The "Global Maritime Safety Market Analysis to 2028" is a specialized and in-depth study of the maritime safety market with a special focus on the global market trend analysis. The report aims to provide an overview of maritime safety market with detailed market segmentation by technology, service, end user. The global maritime safety market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading maritime safety market player and offers key trends and opportunities in the maritime safety market.

MARKET SEGMENTATION

The global maritime safety market is segmented on the basis of technology, service, end user. On the basis of technology, market is segmented as surveillance and tracking, detectors, geographic information system (GIS), communication, supervisory control and data acquisition, others. On the basis of service, market is segmented as maintenance and support, training, consulting, risk assessment and investigation, others. On the basis of end user, market is segmented as military, government agencies, coast guards, others

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global maritime safety market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The maritime safety market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting maritime safety market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the maritime safety market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global maritime safety market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The maritime safety market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting maritime safety market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the maritime safety market in these regions.

MARKET PLAYERS

The reports cover key developments in the maritime safety market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from maritime safety market are anticipated to lucrative growth opportunities in the future with the rising demand for maritime safety market. Below mentioned is the list of few companies engaged in the maritime safety market.

The report also includes the profiles of key maritime safety market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •   BAE Systems PLC
  •   Honeywell International, Inc.
  •   Northrop Grumman Corporation
  •   Raytheon Anschütz GmbH
  •   Saab Group
  •   Elbit Systems Ltd
  •   Harris Corporation
  •   Kongsberg Gruppen ASA
  •   Leonardo-Finmeccanica
  •   Signalis SA

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Maritime Safety Market - By Technology
1.3.2Maritime Safety Market - By Services
1.3.3Maritime Safety Market - By End User
1.3.4Maritime Safety Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.MARITIME SAFETY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.MARITIME SAFETY MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6.MARITIME SAFETY MARKET - GLOBAL MARKET ANALYSIS
6.1.MARITIME SAFETY - GLOBAL MARKET OVERVIEW
6.2.MARITIME SAFETY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING

7.MARITIME SAFETY MARKET - REVENUE AND FORECASTS TO 2028 â" TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.SURVEILLANCE AND TRACKING
7.3.1.Overview
7.3.2.Surveillance and Tracking Market Forecast and Analysis
7.4.DETECTORS
7.4.1.Overview
7.4.2.Detectors Market Forecast and Analysis
7.5.GEOGRAPHIC INFORMATION SYSTEM (GIS)
7.5.1.Overview
7.5.2.Geographic Information System (GIS) Market Forecast and Analysis
7.6.COMMUNICATION
7.6.1.Overview
7.6.2.Communication Market Forecast and Analysis
7.7.SUPERVISORY CONTROL AND DATA ACQUISITION
7.7.1.Overview
7.7.2.Supervisory Control and Data Acquisition Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.MARITIME SAFETY MARKET - REVENUE AND FORECASTS TO 2028 â" SERVICES
8.1.OVERVIEW
8.2.SERVICES MARKET FORECASTS AND ANALYSIS
8.3.MAINTENANCE AND SUPPORT
8.3.1.Overview
8.3.2.Maintenance and Support Market Forecast and Analysis
8.4.TRAINING
8.4.1.Overview
8.4.2.Training Market Forecast and Analysis
8.5.CONSULTING
8.5.1.Overview
8.5.2.Consulting Market Forecast and Analysis
8.6.RISK ASSESSMENT AND INVESTIGATION
8.6.1.Overview
8.6.2.Risk Assessment and Investigation Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.MARITIME SAFETY MARKET - REVENUE AND FORECASTS TO 2028 â" END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.MILITARY
9.3.1.Overview
9.3.2.Military Market Forecast and Analysis
9.4.GOVERNMENT AGENCIES
9.4.1.Overview
9.4.2.Government Agencies Market Forecast and Analysis
9.5.COAST GUARDS
9.5.1.Overview
9.5.2.Coast Guards Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis

10.MARITIME SAFETY MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Maritime Safety Market Overview
10.1.2North America Maritime Safety Market Forecasts and Analysis
10.1.3North America Maritime Safety Market Forecasts and Analysis - By Technology
10.1.4North America Maritime Safety Market Forecasts and Analysis - By Services
10.1.5North America Maritime Safety Market Forecasts and Analysis - By End User
10.1.6North America Maritime Safety Market Forecasts and Analysis - By Countries
10.1.6.1United States Maritime Safety Market
10.1.6.1.1United States Maritime Safety Market by Technology
10.1.6.1.2United States Maritime Safety Market by Services
10.1.6.1.3United States Maritime Safety Market by End User
10.1.6.2Canada Maritime Safety Market
10.1.6.2.1Canada Maritime Safety Market by Technology
10.1.6.2.2Canada Maritime Safety Market by Services
10.1.6.2.3Canada Maritime Safety Market by End User
10.1.6.3Mexico Maritime Safety Market
10.1.6.3.1Mexico Maritime Safety Market by Technology
10.1.6.3.2Mexico Maritime Safety Market by Services
10.1.6.3.3Mexico Maritime Safety Market by End User
10.2.EUROPE
10.2.1Europe Maritime Safety Market Overview
10.2.2Europe Maritime Safety Market Forecasts and Analysis
10.2.3Europe Maritime Safety Market Forecasts and Analysis - By Technology
10.2.4Europe Maritime Safety Market Forecasts and Analysis - By Services
10.2.5Europe Maritime Safety Market Forecasts and Analysis - By End User
10.2.6Europe Maritime Safety Market Forecasts and Analysis - By Countries
10.2.6.1Germany Maritime Safety Market
10.2.6.1.1Germany Maritime Safety Market by Technology
10.2.6.1.2Germany Maritime Safety Market by Services
10.2.6.1.3Germany Maritime Safety Market by End User
10.2.6.2France Maritime Safety Market
10.2.6.2.1France Maritime Safety Market by Technology
10.2.6.2.2France Maritime Safety Market by Services
10.2.6.2.3France Maritime Safety Market by End User
10.2.6.3Italy Maritime Safety Market
10.2.6.3.1Italy Maritime Safety Market by Technology
10.2.6.3.2Italy Maritime Safety Market by Services
10.2.6.3.3Italy Maritime Safety Market by End User
10.2.6.4United Kingdom Maritime Safety Market
10.2.6.4.1United Kingdom Maritime Safety Market by Technology
10.2.6.4.2United Kingdom Maritime Safety Market by Services
10.2.6.4.3United Kingdom Maritime Safety Market by End User
10.2.6.5Russia Maritime Safety Market
10.2.6.5.1Russia Maritime Safety Market by Technology
10.2.6.5.2Russia Maritime Safety Market by Services
10.2.6.5.3Russia Maritime Safety Market by End User
10.2.6.6Rest of Europe Maritime Safety Market
10.2.6.6.1Rest of Europe Maritime Safety Market by Technology
10.2.6.6.2Rest of Europe Maritime Safety Market by Services
10.2.6.6.3Rest of Europe Maritime Safety Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Maritime Safety Market Overview
10.3.2Asia-Pacific Maritime Safety Market Forecasts and Analysis
10.3.3Asia-Pacific Maritime Safety Market Forecasts and Analysis - By Technology
10.3.4Asia-Pacific Maritime Safety Market Forecasts and Analysis - By Services
10.3.5Asia-Pacific Maritime Safety Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Maritime Safety Market Forecasts and Analysis - By Countries
10.3.6.1Australia Maritime Safety Market
10.3.6.1.1Australia Maritime Safety Market by Technology
10.3.6.1.2Australia Maritime Safety Market by Services
10.3.6.1.3Australia Maritime Safety Market by End User
10.3.6.2China Maritime Safety Market
10.3.6.2.1China Maritime Safety Market by Technology
10.3.6.2.2China Maritime Safety Market by Services
10.3.6.2.3China Maritime Safety Market by End User
10.3.6.3India Maritime Safety Market
10.3.6.3.1India Maritime Safety Market by Technology
10.3.6.3.2India Maritime Safety Market by Services
10.3.6.3.3India Maritime Safety Market by End User
10.3.6.4Japan Maritime Safety Market
10.3.6.4.1Japan Maritime Safety Market by Technology
10.3.6.4.2Japan Maritime Safety Market by Services
10.3.6.4.3Japan Maritime Safety Market by End User
10.3.6.5South Korea Maritime Safety Market
10.3.6.5.1South Korea Maritime Safety Market by Technology
10.3.6.5.2South Korea Maritime Safety Market by Services
10.3.6.5.3South Korea Maritime Safety Market by End User
10.3.6.6Rest of Asia-Pacific Maritime Safety Market
10.3.6.6.1Rest of Asia-Pacific Maritime Safety Market by Technology
10.3.6.6.2Rest of Asia-Pacific Maritime Safety Market by Services
10.3.6.6.3Rest of Asia-Pacific Maritime Safety Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Maritime Safety Market Overview
10.4.2Middle East and Africa Maritime Safety Market Forecasts and Analysis
10.4.3Middle East and Africa Maritime Safety Market Forecasts and Analysis - By Technology
10.4.4Middle East and Africa Maritime Safety Market Forecasts and Analysis - By Services
10.4.5Middle East and Africa Maritime Safety Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Maritime Safety Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Maritime Safety Market
10.4.6.1.1South Africa Maritime Safety Market by Technology
10.4.6.1.2South Africa Maritime Safety Market by Services
10.4.6.1.3South Africa Maritime Safety Market by End User
10.4.6.2Saudi Arabia Maritime Safety Market
10.4.6.2.1Saudi Arabia Maritime Safety Market by Technology
10.4.6.2.2Saudi Arabia Maritime Safety Market by Services
10.4.6.2.3Saudi Arabia Maritime Safety Market by End User
10.4.6.3U.A.E Maritime Safety Market
10.4.6.3.1U.A.E Maritime Safety Market by Technology
10.4.6.3.2U.A.E Maritime Safety Market by Services
10.4.6.3.3U.A.E Maritime Safety Market by End User
10.4.6.4Rest of Middle East and Africa Maritime Safety Market
10.4.6.4.1Rest of Middle East and Africa Maritime Safety Market by Technology
10.4.6.4.2Rest of Middle East and Africa Maritime Safety Market by Services
10.4.6.4.3Rest of Middle East and Africa Maritime Safety Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Maritime Safety Market Overview
10.5.2South and Central America Maritime Safety Market Forecasts and Analysis
10.5.3South and Central America Maritime Safety Market Forecasts and Analysis - By Technology
10.5.4South and Central America Maritime Safety Market Forecasts and Analysis - By Services
10.5.5South and Central America Maritime Safety Market Forecasts and Analysis - By End User
10.5.6South and Central America Maritime Safety Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Maritime Safety Market
10.5.6.1.1Brazil Maritime Safety Market by Technology
10.5.6.1.2Brazil Maritime Safety Market by Services
10.5.6.1.3Brazil Maritime Safety Market by End User
10.5.6.2Argentina Maritime Safety Market
10.5.6.2.1Argentina Maritime Safety Market by Technology
10.5.6.2.2Argentina Maritime Safety Market by Services
10.5.6.2.3Argentina Maritime Safety Market by End User
10.5.6.3Rest of South and Central America Maritime Safety Market
10.5.6.3.1Rest of South and Central America Maritime Safety Market by Technology
10.5.6.3.2Rest of South and Central America Maritime Safety Market by Services
10.5.6.3.3Rest of South and Central America Maritime Safety Market by End User

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.MARITIME SAFETY MARKET, KEY COMPANY PROFILES
12.1.BAE SYSTEMS PLC
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.HONEYWELL INTERNATIONAL, INC.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.NORTHROP GRUMMAN CORPORATION
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.RAYTHEON ANSCHüTZ GMBH
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.SAAB GROUP
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.ELBIT SYSTEMS LTD
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.HARRIS CORPORATION
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.KONGSBERG GRUPPEN ASA
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.LEONARDO-FINMECCANICA
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SIGNALIS SA
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. BAE Systems PLC
2. Honeywell International, Inc.
3. Northrop Grumman Corporation
4. Raytheon Anschütz GmbH
5. Saab Group
6. Elbit Systems Ltd
7. Harris Corporation
8. Kongsberg Gruppen ASA
9. Leonardo-Finmeccanica
10. Signalis SA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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