Middle East and Africa Active Noise and Vibration Control System Market to Grow at a CAGR of 4.5 % to reach US$ 285.26 Million from 2020 to 2027

Middle East and Africa Active Noise and Vibration Control System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Vibration and Noise), System (Sensors, Actuators, Controllers, and Dampers), and Application (Aerospace (Fixed Wing and Rotary Wing (Helicopters)), Defense (Ground Vehicles and Naval Vessels), Railway, and General Industries (Manufacturing and Energy & Power (Wind Turbines)))

  • Report Code : TIPRE00014161
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 99
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The active noise and vibration control system market in MEA is expected to grow from US$ 204.95 million in 2019 to US$ 285.26 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027.

The UAE, Saudi Arabia and South Africa are major economies in MEA. Stimulating demand among defense vehicle makers is expected to surge the market in a positive direction. The defense forces across the MEA is investing substantial amounts toward the development and procurement of technologically advanced ground vehicles and marine vehicles. Several defense vehicle manufacturers are incorporating robust technologies to facilitate the military troops to man oeuvre easily and efficiently through various situations. As the military ground vehicles traverse through harsh, uneven, and unanticipated areas, vibration in vehicles is inevitable. With an objective to reduce vibration and noise caused by vibrations, the demand for noise and vibration control systems is continuously surging among the vehicle manufacturers, as well as the defense forces. Over the years, the vehicle manufacturers have been integrating the vehicles with vibration isolators, vibration pads, and other passive systems. As these systems occupy substantial space on the vehicle and adds weight to the vehicle, the demand for alternative technologies has been soaring from the recent years. Thus, reflecting a growth path for active systems. Attributing to the rise in interest and attention toward active noise and vibration systems among the defense forces, several active noise cancellation and active vibration isolation technology developers are offering their products to military vehicle manufacturers in the recent times. This factor is enabling the MEA active noise and vibration control system market to mature. Thus, demand of active noise and vibration control system among defense vehicle makers is expected to drive the market in MEA. Moreover, in case of COVID-19, MEA region is highly affected especially South Africa. The Middle East and Africa Active Noise and Vibration Control System market is mainly affected by the disruption in the supply chain. Due to the closure of borders of countries, the supply chain of several components and parts have been disturbed. The demand for advanced defense vehicle components, including active noise and vibration control system, for retrofitting activities has weakened over the past couple of months. This has resulted in a loss of business among the active noise and vibration control system market players offering their products to military customers.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA active noise and vibration control system market. The MEA active noise and vibration control system market is expected to grow at a good CAGR during the forecast period.

MEA Active Noise and Vibration Control System Market

MEA Active Noise and Vibration Control System Market
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MEA Active Noise and Vibration Control System Market Segmentation

MEA Active Noise and Vibration Control System Market – By Type

  • Vibration
  • Noise

MEA Active Noise and Vibration Control System Market – By System

  • Sensors
  • Actuators
  • Controllers
  • Dampers

MEA Active Noise and Vibration Control System Market – By Application

  • Aerospace
    • Fixed Wing
    • Rotary Wing (Helicopters)
  • Defense
    • Ground Vehicles
    • Naval Vessels
  • Railway
  • General Industries
    • Manufacturing
    • Energy& Power (Wind Turbines)

MEA Active Noise and Vibration Control System Market, by Country

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

MEA Active Noise and Vibration Control System Market -Companies Mentioned

  • Faurecia Creo AB
  • Honeywell International Inc.
  • Hutchinson
  • Moog Inc.
  • Parker Hannifin Corporation
  • Terma A/S
  • Trelleborg
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Type

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Saudi Arabia

1.Introduction

1.1Study Scope

1.2The Insight Partners Research Report Guidance

1.3Market Segmentation

2.Key Takeaways

3.Research Methodology

3.1Coverage

3.2Secondary Research

3.3Primary Research

4.MEA Active Noise and Vibration Control System Market Landscape

4.1Market Overview

4.2Porter’s Five Forces Analysis

4.2.1Bargaining Power of Buyers

4.2.2Bargaining Power of Suppliers

4.2.3Threat to New Entrants

4.2.4Threat to Substitutes

4.2.5Competitive Rivalry

4.3Ecosystem Analysis

4.4Expert Opinion

5.MEA Active Noise and Vibration Control System Market – Key Market Dynamics

5.1Key Market Driver

5.1.1Accentuating Attentiveness Towards Aircraft Weight Reduction

5.1.2Stimulating Demand among Defense Vehicle Makers

5.2Key Market Restraint

5.2.1Accessibility of Passive Systems and High Cost of Active Systems

5.3Key Market Opportunity

5.3.1Rising Adoption of Active Systems in Railway Manufacturing

5.4Future Trends

5.4.1Technological Innovations and Commercialization to Upswing the Demand

5.5Impact Analysis of Drivers and Restraints

6.Active Noise and Vibration Control System – MEA Market Analysis

6.1Overview

6.2MEA Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

6.3Market Positioning – Market Players Ranking

7.MEA Active Noise and Vibration Control System Market Analysis – By Type

7.1Overview

7.2MEA Active Noise and Vibration Control System Market, By Type (2019 and 2027)

7.3Vibrations

7.3.1Overview

7.3.2Vibrations: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

7.4Noise

7.4.1Overview

7.4.2Noise: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

8.MEA Active Noise and Vibration Control System Market – By Systems

8.1Overview

8.2MEA Active Noise and Vibration Control System Market, by Systems (2019 and 2027)

8.3Sensors

8.3.1Overview

8.3.2Sensors: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

8.4Actuators

8.4.1Overview

8.4.2Actuators: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

8.5Controllers

8.5.1Overview

8.5.2Controllers: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

8.6Dampers

8.6.1Overview

8.6.2Dampers: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

9.MEA Active Noise and Vibration Control System Market Analysis –By Application

9.1Overview

9.2MEA Active Noise and Vibration Control System Market, By Application (2019 and 2027)

9.3Aerospace

9.3.1Overview

9.3.2Aerospace: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

9.3.3Fixed Wing Market

9.3.3.1Overview

9.3.3.2Fixed Wing: Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4Rotary Wing (Helicopter) Market

9.3.4.1Overview

9.3.4.2Rotary Wing (Helicopter) : Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

9.4Defense

9.4.1Overview

9.4.2Defense: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

9.4.3Ground Vehicle Market

9.4.3.1Overview

9.4.3.2Ground Vehicle : Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4Naval Vessels Market

9.4.4.1Overview

9.4.4.2Naval Vessels: Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

9.5Railway

9.5.1Overview

9.5.2Railway: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

9.6General Industries

9.6.1Overview

9.6.2General Industries: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

9.6.3Manufacturing Market

9.6.3.1Overview

9.6.3.2Manufacturing : Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4Energy & Power (Wind Turbines) Market

9.6.4.1Overview

9.6.4.2Energy & Power (Wind Turbines) : Active Noise and Vibrations Control Systems Market – Revenue and Forecast to 2027 (US$ Million)

10.MEA Active Noise and Vibration Control System Market – Country Analysis

10.1Overview

10.1.1MEA: Active Noise and Vibration Control System Market, by Key Country

10.1.1.1South Africa: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1South Africa: Active Noise and Vibration Control System Market, by Type

10.1.1.1.2South Africa: Active Noise and Vibration Control System Market, by Systems

10.1.1.1.3South Africa: Active Noise and Vibration Control System Market, by Industries

10.1.1.1.3.1South Africa Active Noise and Vibrations Control Systems Market, by Aerospace

10.1.1.1.3.2South Africa: Active Noise and Vibrations Control Systems Market, by Defense

10.1.1.1.3.3South Africa: Active Noise and Vibrations Control Systems Market, by General Industries

10.1.1.2Saudi Arabia: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1Saudi Arabia: Active Noise and Vibration Control System Market, by Type

10.1.1.2.2Saudi Arabia: Active Noise and Vibration Control System Market, by Systems

10.1.1.2.3Saudi Arabia: Active Noise and Vibration Control System Market, by Industries

10.1.1.2.3.1Saudi Arabia Active Noise and Vibrations Control Systems Market, by Aerospace

10.1.1.2.3.2Saudi Arabia: Active Noise and Vibrations Control Systems Market, by Defense

10.1.1.2.3.3Saudi Arabia: Active Noise and Vibrations Control Systems Market, by General Industries

10.1.1.3UAE: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1UAE: Active Noise and Vibration Control System Market, by Type

10.1.1.3.2UAE: Active Noise and Vibration Control System Market, by Systems

10.1.1.3.3UAE: Active Noise and Vibration Control System Market, by Industries

10.1.1.3.3.1UAE Active Noise and Vibrations Control Systems Market, by Aerospace

10.1.1.3.3.2UAE: Active Noise and Vibrations Control Systems Market, by Defense

10.1.1.3.3.3UAE: Active Noise and Vibrations Control Systems Market, by General Industries

10.1.1.4Rest of MEA: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1Rest of MEA: Active Noise and Vibration Control System Market, by Type

10.1.1.4.2Rest of MEA: Active Noise and Vibration Control System Market, by Systems

10.1.1.4.3Rest of MEA: Active Noise and Vibration Control System Market, by Industries

10.1.1.4.3.1Rest of MEA Active Noise and Vibrations Control Systems Market, by Aerospace

10.1.1.4.3.2Rest of MEA: Active Noise and Vibrations Control Systems Market, by Defense

10.1.1.4.3.3Rest of MEA: Active Noise and Vibrations Control Systems Market, by General Industries

11.Impact of Coronavirus Outbreak

11.1MEA: Impact Assessment of COVID-19 Pandemic

12.Industry Landscape

12.1Market Initiative

12.2Merger and Acquisition

13.Company Profiles

13.1Honeywell International Inc.

13.1.1Key Facts

13.1.2Business Description

13.1.3Products and Services

13.1.4Financial Overview

13.1.5SWOT Analysis

13.1.6Key Developments

13.2Moog Inc.

13.2.1Key Facts

13.2.2Business Description

13.2.3Products and Services

13.2.4Financial Overview

13.2.5SWOT Analysis

13.2.6Key Developments

13.3Parker Hannifin Corporation

13.3.1Key Facts

13.3.2Business Description

13.3.3Products and Services

13.3.4Financial Overview

13.3.5SWOT Analysis

13.3.6Key Developments

13.4FAURECIA CREO AB

13.4.1Key Facts

13.4.2Business Description

13.4.3Products and Services

13.4.4Financial Overview

13.4.5SWOT Analysis

13.4.6Key Developments

13.5Trelleborg AB

13.5.1Key Facts

13.5.2Business Description

13.5.3Products and Services

13.5.4Financial Overview

13.5.5SWOT Analysis

13.5.6Key Developments

13.6Hutchinson

13.6.1Key Facts

13.6.2Business Description

13.6.3Products and Services

13.6.4Financial Overview

13.6.5SWOT Analysis

13.6.6Key Developments

13.7Terma A/S

13.7.1Key Facts

13.7.2Business Description

13.7.3Products and Services

13.7.4Financial Overview

13.7.5SWOT Analysis

13.7.6Key Developments

14.Appendix

14.1About The Insight Partners

14.2Word Index


LIST OF TABLES

Table 1.MEA Active Noise and Vibration Control System Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.MEA: Active Noise and Vibration Control System Market, by Country – Revenue and Forecast to 2027 (US$ Million)

Table 3.South Africa: Active Noise and Vibration Control System Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 4.South Africa: Active Noise and Vibration Control System Market, by Systems –Revenue and Forecast to 2027 (US$ Million)

Table 5.South Africa: Active Noise and Vibration Control System Market, by Industries –Revenue and Forecast to 2027 (US$ Million)

Table 6.South Africa: Active Noise and Vibrations Control Systems Market, by Aerospace –Revenue and Forecast to 2027 (US$ Million)

Table 7.South Africa: Active Noise and Vibrations Control Systems Market, by Defense –Revenue and Forecast to 2027 (US$ Million)

Table 8.South Africa: Active Noise and Vibrations Control Systems Market, by General Industries –Revenue and Forecast to 2027 (US$ Million)

Table 9.Saudi Arabia: Active Noise and Vibration Control System Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.Saudi Arabia: Active Noise and Vibration Control System Market, by Systems –Revenue and Forecast to 2027 (US$ Million)

Table 11.Saudi Arabia: Active Noise and Vibration Control System Market, by Industries –Revenue and Forecast to 2027 (US$ Million)

Table 12.Saudi Arabia: Active Noise and Vibrations Control Systems Market, by Aerospace –Revenue and Forecast to 2027 (US$ Million)

Table 13.Saudi Arabia: Active Noise and Vibrations Control Systems Market, by Defense –Revenue and Forecast to 2027 (US$ Million)

Table 14.Saudi Arabia: Active Noise and Vibrations Control Systems Market, by General Industries –Revenue and Forecast to 2027 (US$ Million)

Table 15.UAE: Active Noise and Vibration Control System Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 16.UAE: Active Noise and Vibration Control System Market, by Systems –Revenue and Forecast to 2027 (US$ Million)

Table 17.UAE: Active Noise and Vibration Control System Market, by Industries –Revenue and Forecast to 2027 (US$ Million)

Table 18.UAE: Active Noise and Vibrations Control Systems Market, by Aerospace –Revenue and Forecast to 2027 (US$ Million)

Table 19.UAE: Active Noise and Vibrations Control Systems Market, by Defense –Revenue and Forecast to 2027 (US$ Million)

Table 20.UAE: Active Noise and Vibrations Control Systems Market, by General Industries –Revenue and Forecast to 2027 (US$ Million)

Table 21.Rest of MEA: Active Noise and Vibration Control System Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 22.Rest of MEA: Active Noise and Vibration Control System Market, by Systems –Revenue and Forecast to 2027 (US$ Million)

Table 23.Rest of MEA: Active Noise and Vibration Control System Market, by Industries –Revenue and Forecast to 2027 (US$ Million)

Table 24.Rest of MEA: Active Noise and Vibrations Control Systems Market, by Aerospace –Revenue and Forecast to 2027 (US$ Million)

Table 25.Rest of MEA: Active Noise and Vibrations Control Systems Market, by Defense –Revenue and Forecast to 2027 (US$ Million)

Table 26.Rest of MEA: Active Noise and Vibrations Control Systems Market, by General Industries –Revenue and Forecast to 2027 (US$ Million)


LIST OF FIGURES

Figure 1.MEA Active Noise and Vibration Control System Market Segmentation

Figure 2.MEA Active Noise and Vibration Control System Market Segmentation – By Country

Figure 3.MEA Active Noise and Vibration Control System Market Overview

Figure 4.MEA Active Noise and Vibration Control System Market, by Type

Figure 5.MEA Active Noise and Vibration Control System Market, By Systems

Figure 6.MEA Active Noise and Vibration Control System Market, By Application

Figure 7.MEA Active Noise and Vibration Control System Market, By Country

Figure 8.Porter’s Five Forces Analysis

Figure 9.MEA Active Noise and Vibration Control System Market – Ecosystem Analysis

Figure 10.Expert Opinion

Figure 11.MEA Active Noise and Vibration Control System Market: Impact Analysis of Drivers and Restraints

Figure 12.MEA Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.MEA Active Noise and Vibration Control System Market Revenue Share, by Type (2019 and 2027)

Figure 14.MEA Vibrations: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.MEA Noise: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.MEA Active Noise and Vibration Control System Market Revenue Share, by Systems (2019 and 2027)

Figure 17.MEA Sensors: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.MEA Actuators: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.MEA Controller: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.MEA Dampers: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.MEA Active Noise and Vibration Control System Market Revenue Share, by Application (2019 and 2027)

Figure 22.MEA Aerospace: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.MEA Fixed Wing: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.MEA Rotary Wing (Helicopter): Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.MEA Defense: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.MEA Ground Vehicle: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.MEA Naval Vessels: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.MEA Railway: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.MEA General Industries: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.MEA Manufacturing: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.MEA Energy & Power (Wind Turbines): Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.MEA: Active Noise and Vibration Control System Market Revenue Share, by Key Country (2019 and 2027)

Figure 33.South Africa: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.Saudi Arabia: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.UAE: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 36.Rest of MEA: Active Noise and Vibration Control System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.Impact of COVID-19 Pandemic on MEA Markets

The List of Companies - Middle East and Africa Active Noise and Vibration Control System Market

  1. Faurecia Creo AB
  2. Honeywell International Inc.
  3. Hutchinson
  4. Moog Inc.
  5. Parker Hannifin Corporation
  6. Terma A/S
  7. Trelleborg

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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