Airborne Collision Avoidance System Market
Airborne Collision Avoidance System Market Forecasts to 2030 - Global Analysis By Type (Traffic Alert and Collision Avoidance System, Portable Collision Avoidance System (PCAS), Flight Light Advanced Reporting System and Other Types), Component, Platform, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $0.7 BN |
|
Projected Year Value (2030) |
US $1.2BN |
|
CAGR (2023 - 2030) |
7.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Airborne Collision Avoidance System Market is accounted for $0.7 billion in 2023 and is expected to reach $1.2 billion by 2030 growing at a CAGR of 7.6% during the forecast period. Airborne Collision Avoidance System (ACAS) is a crucial avionics technology designed to enhance flight safety by preventing mid-air collisions between aircraft. Also known as Traffic Alert and Collision Avoidance System (TCAS), it utilizes radar and transponder data to detect nearby aircraft and assess collision risks. When a potential threat is identified, the system provides timely advisories to pilots, instructing them on the necessary evasive actions, such as climbing or descending, to avoid a collision. Mandated on most commercial aircraft, and has significantly contributed to the reduction of mid-air collisions, ensuring safer skies and fostering a critical layer of protection for global aviation.
Market Dynamics:
Driver:
Rise in commercial air travel and the proliferation of drones
Soaring commercial air travel and drone numbers are fueling the airborne collision avoidance system (ACAS) market. More planes and drones in the sky raise the risk of mid-air incidents. To mitigate this, regulations are tightening, mandating airborne collision avoidance system in various aircraft. This, coupled with continuous advancements and affordability of airborne collision avoidance system technology, makes it even more attractive for operators. As safety remains paramount, airlines and drone users prioritize ACAS adoption, driving significant growth in the airborne collision avoidance system market.
Restraint:
High initial investment and ongoing maintenance expenses
The aviation industry, especially smaller entities, may find it financially burdensome to adopt these advanced safety technologies. The substantial upfront costs deter potential buyers, leading to slower market penetration. Moreover, ongoing maintenance expenses can strain operational budgets, hindering regular updates and compliance with evolving safety standards. This financial barrier creates a disparity in safety measures across different segments of the aviation sector.
Opportunity:
Increasing focus on aviation safety, airlines and aviation
Airlines and aviation authorities prioritize safety measures, leading to a growing demand for advanced collision avoidance technologies. The requirement for effective collision prevention systems, such as ACAS, is heightened as the aviation industry places safety at the forefront. Airlines invest in state-of-the-art avionics to enhance airspace safety and comply with stringent safety standards. This focus on safety stimulates the adoption of airborne collision avoidance system, driving market growth.
Threat:
Cybersecurity threats
As airborne collision avoidance system relies on sophisticated software and communication technologies, it becomes susceptible to cyberattacks, potentially compromising its integrity and functionality. Unauthorized access or manipulation of these systems could lead to false data inputs, system malfunctions, or even complete failures, jeopardizing the safety of air travel. The inherent risk of cyber threats discourages aviation stakeholders from fully embracing these crucial safety technologies. Moreover, concerns about the vulnerability of ACAS to hacking and unauthorized interference hinder the industry's confidence in the reliability of collision avoidance systems.
Covid-19 Impact
The COVID-19 pandemic significantly hampered the Airborne Collision Avoidance System (ACAS) market. Grounded flights and plummeting air travel demand led to a sharp decline in both new system installations and upgrades. This reluctance to invest in non-critical upgrades like ACAS slowed market growth. The downturn not only impacted sales but also stalled research and development efforts, further hindering innovation in the ACAS industry. While the market is expected to recover as air travel rebounds, the pandemic's impact will likely be felt for some time.
The traffic alert and collision avoidance system segment is expected to be the largest during the forecast period
The traffic alert and collision avoidance system segment is estimated to have a lucrative growth, due to enhanced air traffic safety by providing real-time alerts to pilots about potential collisions with other aircraft and r recommending evasive manoeuvres. The synergistic effect of traffic alert and collision avoidance system within this system significantly bolsters the market by instilling confidence in aviation stakeholders. Thus the Airlines and operators prioritize these systems to comply with safety standards, positively influencing the market's growth.
The unmanned aerial vehicle segment is expected to have the highest CAGR during the forecast period
The unmanned aerial vehicle segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the increasing use of UAVs for various applications, including surveillance, delivery, and infrastructure inspection, the demand for collision avoidance systems has surged. ACAS, designed to prevent mid-air collisions, becomes crucial in managing the integration of manned and unmanned aircraft in shared airspace. This trend positively affects the ACAS market, as manufacturers and operators of unmanned aerial vehicles seek to adhere to safety standards and address concerns related to airspace congestion.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's expanding aviation sector and increasing air traffic. The rising demand for air travel, coupled with the modernization of aircraft fleets, is driving the adoption of advanced safety technologies, including ACAS. Countries like China and India are investing heavily in aviation infrastructure and fleet expansion, creating substantial opportunities for ACAS manufacturers. The growing awareness of safety regulations and the need to comply with international aviation standards further propels the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the United States and Canada, in particular, are witnessing increased adoption of ACAS as airlines prioritize cutting-edge safety measures. The Federal Aviation Administration's (FAA) emphasis on safety standards and the continuous modernization of air traffic management contribute to the market's expansion. Additionally, a high concentration of major aircraft manufacturers and a significant number of commercial airlines in the region further propel ACAS deployment. The growing awareness of the importance of collision avoidance systems, coupled with the need to address the rising air traffic, positions North America as a key market
Key players in the market
Some of the key players in the Airborne Collision Avoidance System Market include Becker Avionics GmbH, BAE Systems PLC, FLARM Technology Ltd., Collins Aerospace , Garmin Ltd., Honeywell International Inc., General Electric Company, Garrecht Avionik GmbH, Lockheed Martin Corporation, Leonardo S.p.A., Viavi Solutions Inc, Thales Group, Teledyne FLIR LLC, Saab Group, and Northrop Grumman Corporation.
Key Developments:
In March 2024, BAE Systems launches MethaneSAT satellite to provide critical global greenhouse gas emissions data. The satellite will monitor emissions from the oil and gas sector, which accounts for about 40% of all human-caused methane emissions, and it will be able to revisit the same sites daily in most instances.
In February 2024, BAE Systems completes acquisition of Ball Aerospace, the transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt.
In February 2024, GE Vernova launches new portfolio of Grid Automation solutions to enhance grid resilience, the new suite, named GridBeats, offers innovative software-defined automation solutions designed to modernize and digitalize grid operations.
Types Covered:
• Traffic Alert and Collision Avoidance System
• Portable Collision Avoidance System (PCAS)
• Flight Light Advanced Reporting System
• Other Types
Components Covered:
• Processor
• Mode S & C Transponder
• Display Unit
Platforms Covered:
• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicle
End Users Covered:
• Aftermarket
• Original Equipment Manufacturers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Airborne Collision Avoidance System Market, By Type
5.1 Introduction
5.2 Traffic Alert and Collision Avoidance System
5.3 Portable Collision Avoidance System (PCAS)
5.4 Flight Light Advanced Reporting System
5.5 Other Types
6 Global Airborne Collision Avoidance System Market, By Component
6.1 Introduction
6.2 Processor
6.3 Mode S & C Transponder
6.4 Display Unit
7 Global Airborne Collision Avoidance System Market, By Platform
7.1 Introduction
7.2 Fixed Wing
7.3 Rotary Wing
7.4 Unmanned Aerial Vehicle
8 Global Airborne Collision Avoidance System Market, By End User
8.1 Introduction
8.2 Aftermarket
8.3 Original Equipment Manufacturers
9 Global Airborne Collision Avoidance System Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Becker Avionics GmbH
11.2 BAE Systems PLC
11.3 FLARM Technology Ltd.
11.4 Collins Aerospace
11.5 Garmin Ltd.
11.6 Honeywell International Inc.
11.7 General Electric Company
11.8 Garrecht Avionik GmbH
11.9 Lockheed Martin Corporation
11.10 Leonardo S.p.A.
11.11 Viavi Solutions Inc.
11.12 Thales Group
11.13 Teledyne FLIR LLC
11.14 Saab Group
11.15 Northrop Grumman Corporation
List of Tables
1 Global Airborne Collision Avoidance System Market Outlook, By Region (2021-2030) ($MN)
2 Global Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
3 Global Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
4 Global Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
5 Global Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
6 Global Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
8 Global Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
9 Global Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
10 Global Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
11 Global Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
12 Global Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
13 Global Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
14 Global Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
15 Global Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
16 Global Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
17 Global Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
18 North America Airborne Collision Avoidance System Market Outlook, By Country (2021-2030) ($MN)
19 North America Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
20 North America Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
21 North America Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
22 North America Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
23 North America Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
24 North America Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
25 North America Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
26 North America Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
27 North America Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
28 North America Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
29 North America Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
30 North America Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
31 North America Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
32 North America Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
33 North America Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
34 North America Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
35 Europe Airborne Collision Avoidance System Market Outlook, By Country (2021-2030) ($MN)
36 Europe Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
37 Europe Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
38 Europe Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
39 Europe Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
40 Europe Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
41 Europe Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
42 Europe Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
43 Europe Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
44 Europe Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
45 Europe Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
46 Europe Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
47 Europe Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
48 Europe Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
49 Europe Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
50 Europe Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
51 Europe Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
52 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
54 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
55 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
56 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
57 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
58 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
59 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
60 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
61 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
62 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
63 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
64 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
65 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
66 Asia Pacific Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
67 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
68 Asia Pacific Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
69 South America Airborne Collision Avoidance System Market Outlook, By Country (2021-2030) ($MN)
70 South America Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
71 South America Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
72 South America Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
73 South America Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
74 South America Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
75 South America Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
76 South America Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
77 South America Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
78 South America Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
79 South America Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
80 South America Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
81 South America Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
82 South America Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
83 South America Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
84 South America Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
85 South America Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
86 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Type (2021-2030) ($MN)
88 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Traffic Alert and Collision Avoidance System (2021-2030) ($MN)
89 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Portable Collision Avoidance System (PCAS) (2021-2030) ($MN)
90 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Flight Light Advanced Reporting System (2021-2030) ($MN)
91 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Other Types (2021-2030) ($MN)
92 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Component (2021-2030) ($MN)
93 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Processor (2021-2030) ($MN)
94 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Mode S & C Transponder (2021-2030) ($MN)
95 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Display Unit (2021-2030) ($MN)
96 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Platform (2021-2030) ($MN)
97 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Fixed Wing (2021-2030) ($MN)
98 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Rotary Wing (2021-2030) ($MN)
99 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Unmanned Aerial Vehicle (2021-2030) ($MN)
100 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By End User (2021-2030) ($MN)
101 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Aftermarket (2021-2030) ($MN)
102 Middle East & Africa Airborne Collision Avoidance System Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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