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

Coverage: Shooting Ranges Market covers analysis By Activity Type (Firearms, Archery); Indoor Shooting Range (Virtual Simulator, Target Based Training); Outdoor Shooting Range (Fixed Target, Moving Target); End User (Commercial, Defense) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00018639
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Shooting ranges are regulated environmental installations designed for weapons training and research, and often for archery. It may be situated indoors or outdoors, on the outskirts of a town or near forested areas. Changes in the dynamics of warfare have led countries to concentrate on new and improved weapons that require proper knowledge prior to field use. The shooting ranges, which seek to provide a secure atmosphere for firearms training, are appropriate for this requirement. The shooting ranges market is has been consistently growing since the past years and is expected to boost in coming years.

MARKET DYNAMICS

Rising need for live fire protection training and production of modern and sophisticated firearms is driving the growth of the shooting ranges market. However, initial high expenditure involved in establishing a shooting range and land availability may restrain the growth of the shooting ranges market. Furthermore, Reconfiguring old ranges with other skills training and combining ranges market is further anticipated to create market opportunities for the shooting ranges market during the forecast period.

MARKET SCOPE

The "Global Shooting Ranges Market Analysis to 2028" is a specialized and in-depth study of the shooting ranges market with a special focus on the global market trend analysis. The report aims to provide an overview of shooting ranges market with detailed market segmentation by activity type, indoor shooting range, outdoor shooting range, end user, and geography. The global shooting ranges market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shooting ranges market players and offers key trends and opportunities in the shooting ranges market.

MARKET SEGMENTATION

The global shooting ranges market is segmented on the basis of activity type, indoor shooting range, outdoor shooting range and end user. On the basis of activity type, the market is segmented as firearms and archery. Similarly, on the basis of indoor shooting range, the market is segmented as virtual simulator and target based training. Further on basis of outdoor shooting range, the market is segmented as fixed target and moving target. Also, based on end use the market is categorized as defense and commercial.

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 shooting ranges 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 shooting ranges 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 shooting ranges 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 Porter's five forces analysis highlighting factors affecting the shooting ranges 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 shooting ranges 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 shooting ranges 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 shooting ranges 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 Porter's five forces analysis highlighting factors affecting the shooting ranges market in these regions.

MARKET PLAYERS

The reports cover key developments in the shooting ranges market as 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 shooting ranges market are anticipated to lucrative growth opportunities in the future with the rising demand for shooting ranges market. Below mentioned is the list of few companies engaged in the shooting ranges market.

The report also includes the profiles of key shooting ranges 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.

  •   ACTION TARGET
  •   Cubic Corporation
  •   ELI MILITARY SIMULATIONS
  •   Laser Shot, Inc
  •   Meggitt PLC
  •   Polytronic International AG
  •   Saab
  •   Savage
  •   Shooting Range Industries LLC
  •   Theissen Training Systems GmbH

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
1.3.1 Shooting Ranges Market - By Activity Type
1.3.2 Shooting Ranges Market - By Indoor Shooting Range
1.3.3 Shooting Ranges Market - By Outdoor Shooting Range
1.3.4 Shooting Ranges Market - By End User
1.3.5 Shooting Ranges Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SHOOTING RANGES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. SHOOTING RANGES 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. SHOOTING RANGES MARKET - GLOBAL MARKET ANALYSIS
6.1. SHOOTING RANGES - GLOBAL MARKET OVERVIEW
6.2. SHOOTING RANGES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SHOOTING RANGES MARKET - REVENUE AND FORECASTS TO 2028 - ACTIVITY TYPE
7.1. OVERVIEW
7.2. ACTIVITY TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIREARMS
7.3.1. Overview
7.3.2. Firearms Market Forecast and Analysis
7.4. ARCHERY
7.4.1. Overview
7.4.2. Archery Market Forecast and Analysis
8. SHOOTING RANGES MARKET - REVENUE AND FORECASTS TO 2028 - INDOOR SHOOTING RANGE
8.1. OVERVIEW
8.2. INDOOR SHOOTING RANGE MARKET FORECASTS AND ANALYSIS
8.3. VIRTUAL SIMULATOR
8.3.1. Overview
8.3.2. Virtual Simulator Market Forecast and Analysis
8.4. TARGET BASED TRAINING
8.4.1. Overview
8.4.2. Target Based Training Market Forecast and Analysis
9. SHOOTING RANGES MARKET - REVENUE AND FORECASTS TO 2028 - OUTDOOR SHOOTING RANGE
9.1. OVERVIEW
9.2. OUTDOOR SHOOTING RANGE MARKET FORECASTS AND ANALYSIS
9.3. FIXED TARGET
9.3.1. Overview
9.3.2. Fixed Target Market Forecast and Analysis
9.4. MOVING TARGET
9.4.1. Overview
9.4.2. Moving Target Market Forecast and Analysis
10. SHOOTING RANGES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. COMMERCIAL
10.3.1. Overview
10.3.2. Commercial Market Forecast and Analysis
10.4. DEFENSE
10.4.1. Overview
10.4.2. Defense Market Forecast and Analysis

11. SHOOTING RANGES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Shooting Ranges Market Overview
11.1.2 North America Shooting Ranges Market Forecasts and Analysis
11.1.3 North America Shooting Ranges Market Forecasts and Analysis - By Activity Type
11.1.4 North America Shooting Ranges Market Forecasts and Analysis - By Indoor Shooting Range
11.1.5 North America Shooting Ranges Market Forecasts and Analysis - By Outdoor Shooting Range
11.1.6 North America Shooting Ranges Market Forecasts and Analysis - By End User
11.1.7 North America Shooting Ranges Market Forecasts and Analysis - By Countries
11.1.7.1 United States Shooting Ranges Market
11.1.7.1.1 United States Shooting Ranges Market by Activity Type
11.1.7.1.2 United States Shooting Ranges Market by Indoor Shooting Range
11.1.7.1.3 United States Shooting Ranges Market by Outdoor Shooting Range
11.1.7.1.4 United States Shooting Ranges Market by End User
11.1.7.2 Canada Shooting Ranges Market
11.1.7.2.1 Canada Shooting Ranges Market by Activity Type
11.1.7.2.2 Canada Shooting Ranges Market by Indoor Shooting Range
11.1.7.2.3 Canada Shooting Ranges Market by Outdoor Shooting Range
11.1.7.2.4 Canada Shooting Ranges Market by End User
11.1.7.3 Mexico Shooting Ranges Market
11.1.7.3.1 Mexico Shooting Ranges Market by Activity Type
11.1.7.3.2 Mexico Shooting Ranges Market by Indoor Shooting Range
11.1.7.3.3 Mexico Shooting Ranges Market by Outdoor Shooting Range
11.1.7.3.4 Mexico Shooting Ranges Market by End User
11.2. EUROPE
11.2.1 Europe Shooting Ranges Market Overview
11.2.2 Europe Shooting Ranges Market Forecasts and Analysis
11.2.3 Europe Shooting Ranges Market Forecasts and Analysis - By Activity Type
11.2.4 Europe Shooting Ranges Market Forecasts and Analysis - By Indoor Shooting Range
11.2.5 Europe Shooting Ranges Market Forecasts and Analysis - By Outdoor Shooting Range
11.2.6 Europe Shooting Ranges Market Forecasts and Analysis - By End User
11.2.7 Europe Shooting Ranges Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Shooting Ranges Market
11.2.7.1.1 Germany Shooting Ranges Market by Activity Type
11.2.7.1.2 Germany Shooting Ranges Market by Indoor Shooting Range
11.2.7.1.3 Germany Shooting Ranges Market by Outdoor Shooting Range
11.2.7.1.4 Germany Shooting Ranges Market by End User
11.2.7.2 France Shooting Ranges Market
11.2.7.2.1 France Shooting Ranges Market by Activity Type
11.2.7.2.2 France Shooting Ranges Market by Indoor Shooting Range
11.2.7.2.3 France Shooting Ranges Market by Outdoor Shooting Range
11.2.7.2.4 France Shooting Ranges Market by End User
11.2.7.3 Italy Shooting Ranges Market
11.2.7.3.1 Italy Shooting Ranges Market by Activity Type
11.2.7.3.2 Italy Shooting Ranges Market by Indoor Shooting Range
11.2.7.3.3 Italy Shooting Ranges Market by Outdoor Shooting Range
11.2.7.3.4 Italy Shooting Ranges Market by End User
11.2.7.4 United Kingdom Shooting Ranges Market
11.2.7.4.1 United Kingdom Shooting Ranges Market by Activity Type
11.2.7.4.2 United Kingdom Shooting Ranges Market by Indoor Shooting Range
11.2.7.4.3 United Kingdom Shooting Ranges Market by Outdoor Shooting Range
11.2.7.4.4 United Kingdom Shooting Ranges Market by End User
11.2.7.5 Russia Shooting Ranges Market
11.2.7.5.1 Russia Shooting Ranges Market by Activity Type
11.2.7.5.2 Russia Shooting Ranges Market by Indoor Shooting Range
11.2.7.5.3 Russia Shooting Ranges Market by Outdoor Shooting Range
11.2.7.5.4 Russia Shooting Ranges Market by End User
11.2.7.6 Rest of Europe Shooting Ranges Market
11.2.7.6.1 Rest of Europe Shooting Ranges Market by Activity Type
11.2.7.6.2 Rest of Europe Shooting Ranges Market by Indoor Shooting Range
11.2.7.6.3 Rest of Europe Shooting Ranges Market by Outdoor Shooting Range
11.2.7.6.4 Rest of Europe Shooting Ranges Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Shooting Ranges Market Overview
11.3.2 Asia-Pacific Shooting Ranges Market Forecasts and Analysis
11.3.3 Asia-Pacific Shooting Ranges Market Forecasts and Analysis - By Activity Type
11.3.4 Asia-Pacific Shooting Ranges Market Forecasts and Analysis - By Indoor Shooting Range
11.3.5 Asia-Pacific Shooting Ranges Market Forecasts and Analysis - By Outdoor Shooting Range
11.3.6 Asia-Pacific Shooting Ranges Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Shooting Ranges Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Shooting Ranges Market
11.3.7.1.1 Australia Shooting Ranges Market by Activity Type
11.3.7.1.2 Australia Shooting Ranges Market by Indoor Shooting Range
11.3.7.1.3 Australia Shooting Ranges Market by Outdoor Shooting Range
11.3.7.1.4 Australia Shooting Ranges Market by End User
11.3.7.2 China Shooting Ranges Market
11.3.7.2.1 China Shooting Ranges Market by Activity Type
11.3.7.2.2 China Shooting Ranges Market by Indoor Shooting Range
11.3.7.2.3 China Shooting Ranges Market by Outdoor Shooting Range
11.3.7.2.4 China Shooting Ranges Market by End User
11.3.7.3 India Shooting Ranges Market
11.3.7.3.1 India Shooting Ranges Market by Activity Type
11.3.7.3.2 India Shooting Ranges Market by Indoor Shooting Range
11.3.7.3.3 India Shooting Ranges Market by Outdoor Shooting Range
11.3.7.3.4 India Shooting Ranges Market by End User
11.3.7.4 Japan Shooting Ranges Market
11.3.7.4.1 Japan Shooting Ranges Market by Activity Type
11.3.7.4.2 Japan Shooting Ranges Market by Indoor Shooting Range
11.3.7.4.3 Japan Shooting Ranges Market by Outdoor Shooting Range
11.3.7.4.4 Japan Shooting Ranges Market by End User
11.3.7.5 South Korea Shooting Ranges Market
11.3.7.5.1 South Korea Shooting Ranges Market by Activity Type
11.3.7.5.2 South Korea Shooting Ranges Market by Indoor Shooting Range
11.3.7.5.3 South Korea Shooting Ranges Market by Outdoor Shooting Range
11.3.7.5.4 South Korea Shooting Ranges Market by End User
11.3.7.6 Rest of Asia-Pacific Shooting Ranges Market
11.3.7.6.1 Rest of Asia-Pacific Shooting Ranges Market by Activity Type
11.3.7.6.2 Rest of Asia-Pacific Shooting Ranges Market by Indoor Shooting Range
11.3.7.6.3 Rest of Asia-Pacific Shooting Ranges Market by Outdoor Shooting Range
11.3.7.6.4 Rest of Asia-Pacific Shooting Ranges Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Shooting Ranges Market Overview
11.4.2 Middle East and Africa Shooting Ranges Market Forecasts and Analysis
11.4.3 Middle East and Africa Shooting Ranges Market Forecasts and Analysis - By Activity Type
11.4.4 Middle East and Africa Shooting Ranges Market Forecasts and Analysis - By Indoor Shooting Range
11.4.5 Middle East and Africa Shooting Ranges Market Forecasts and Analysis - By Outdoor Shooting Range
11.4.6 Middle East and Africa Shooting Ranges Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Shooting Ranges Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Shooting Ranges Market
11.4.7.1.1 South Africa Shooting Ranges Market by Activity Type
11.4.7.1.2 South Africa Shooting Ranges Market by Indoor Shooting Range
11.4.7.1.3 South Africa Shooting Ranges Market by Outdoor Shooting Range
11.4.7.1.4 South Africa Shooting Ranges Market by End User
11.4.7.2 Saudi Arabia Shooting Ranges Market
11.4.7.2.1 Saudi Arabia Shooting Ranges Market by Activity Type
11.4.7.2.2 Saudi Arabia Shooting Ranges Market by Indoor Shooting Range
11.4.7.2.3 Saudi Arabia Shooting Ranges Market by Outdoor Shooting Range
11.4.7.2.4 Saudi Arabia Shooting Ranges Market by End User
11.4.7.3 U.A.E Shooting Ranges Market
11.4.7.3.1 U.A.E Shooting Ranges Market by Activity Type
11.4.7.3.2 U.A.E Shooting Ranges Market by Indoor Shooting Range
11.4.7.3.3 U.A.E Shooting Ranges Market by Outdoor Shooting Range
11.4.7.3.4 U.A.E Shooting Ranges Market by End User
11.4.7.4 Rest of Middle East and Africa Shooting Ranges Market
11.4.7.4.1 Rest of Middle East and Africa Shooting Ranges Market by Activity Type
11.4.7.4.2 Rest of Middle East and Africa Shooting Ranges Market by Indoor Shooting Range
11.4.7.4.3 Rest of Middle East and Africa Shooting Ranges Market by Outdoor Shooting Range
11.4.7.4.4 Rest of Middle East and Africa Shooting Ranges Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Shooting Ranges Market Overview
11.5.2 South and Central America Shooting Ranges Market Forecasts and Analysis
11.5.3 South and Central America Shooting Ranges Market Forecasts and Analysis - By Activity Type
11.5.4 South and Central America Shooting Ranges Market Forecasts and Analysis - By Indoor Shooting Range
11.5.5 South and Central America Shooting Ranges Market Forecasts and Analysis - By Outdoor Shooting Range
11.5.6 South and Central America Shooting Ranges Market Forecasts and Analysis - By End User
11.5.7 South and Central America Shooting Ranges Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Shooting Ranges Market
11.5.7.1.1 Brazil Shooting Ranges Market by Activity Type
11.5.7.1.2 Brazil Shooting Ranges Market by Indoor Shooting Range
11.5.7.1.3 Brazil Shooting Ranges Market by Outdoor Shooting Range
11.5.7.1.4 Brazil Shooting Ranges Market by End User
11.5.7.2 Rest of South and Central America Shooting Ranges Market
11.5.7.2.1 Rest of South and Central America Shooting Ranges Market by Activity Type
11.5.7.2.2 Rest of South and Central America Shooting Ranges Market by Indoor Shooting Range
11.5.7.2.3 Rest of South and Central America Shooting Ranges Market by Outdoor Shooting Range
11.5.7.2.4 Rest of South and Central America Shooting Ranges Market by End User

12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

13. SHOOTING RANGES MARKET, KEY COMPANY PROFILES
13.1. ACTION TARGET
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CUBIC CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ELI MILITARY SIMULATIONS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. LASER SHOT, INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MEGGITT PLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. POLYTRONIC INTERNATIONAL AG
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SAAB
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SAVAGE
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SHOOTING RANGE INDUSTRIES LLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THEISSEN TRAINING SYSTEMS GMBH
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. ACTION TARGET
2. Cubic Corporation
3. ELI MILITARY SIMULATIONS
4. Laser Shot, Inc
5. Meggitt PLC
6. Polytronic International AG
7. Saab
8. Savage
9. Shooting Range Industries LLC
10. Theissen Training Systems GmbH

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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