Airside Services Market
Airside Services Market Forecasts to 2030 - Global Analysis By Airport Class (Class A, Class B, Class C and Other Airport Class), Platform (Hardware, Software and Service), Operation (Aircraft Handling, Passenger Handling, Cargo Handling, Ramp Handling and Other Operations), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.98 BN |
|
Projected Year Value (2030) |
US $5.52 BN |
|
CAGR (2023 - 2030) |
9.2% |
|
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 |
Europe |
According to Stratistics MRC, the Global Airside Services Market is accounted for $2.98 billion in 2023 and is expected to reach $5.52 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Airside services cover a variety of operations that guarantee an aircraft operates efficiently and executes on time arrival and departure. Aircraft handling, passenger handling, and cargo handling are all part of airside activities. Airside services include a variety of powered and non-powered items such as airplane push-back and hook-up, forklifts and lifts, carts, cars, air-conditioning tugs, belt & container loaders, light-duty trucks, and other items used for powering, towing, and maintenance. Such equipment also makes it possible to handle passengers, handle bags, move planes, and perform repairs, services, and maintenance.
According to IATA, hacks cost the world economy $460 billion annually. In the next three years, cybersecurity is anticipated to account for over $33 billion in IT spending anticipated for airlines and airports.
Market Dynamics:
Driver:
Integration of artificial intelligence (AI) and machine learning (ML) technologies
Robust algorithms are used by AI to examine vast amounts of data and identify patterns. By taking into account factors like productivity, wait times, and the number of open security lanes, these are utilized in airports to estimate processing timeframes. The analysis of desired flight routes, consumer trends, expected marginal seat revenue, ancillary price optimization, airspace safety, aircraft maintenance, feedback analysis, crew management, consumer front-end automation, fuel efficiency and optimization, in-flight sales & food supply, fraud detection, and in-airport self-service are some significant operations that can be automated through the integration of AI.
Restraint:
Cybersecurity and data breach risks
Airport security is essential to the smooth running of the airport as a whole and to passenger safety. Despite having multiple layers of protection for scanning bags and checking passports, many airports are now the subject of cyber-attacks. Such assaults have happened in the travel industry, particularly the airline sector. IATA estimates that hackers cost the global economy $460 billion each year. Over $33 billion in IT spending is planned for airlines and airports over the next three years, with over half of that going toward cybersecurity which hamper the growth of the market,
Opportunity:
Adoption of Total Airport Management (TAM)
It is projected that the future course of airport administration will depend on how well each particular stakeholder performs. The goal is to integrate all agents—landside, terminal, and airside—into a single platform that will allow real-time analysis to support decision-making. Total airport management (TAM) supports operations integration, thorough KPI tracking, and data-driven decision making by integrating processes and systems throughout the airport. TAM offers performance-based airside services that make it possible to create, adopt, and maintain the Airport Operational Plan (AOP) according to performance. By doing this, justice is ensured, possible conflicts of interest between stakeholders are resolved, and it is ensured that everyone is working as hard as they can to achieve a common goal.
Threat:
Stringent government regulations
The government, or the Ministry of Civil Aviation, has a significant impact on the services and facilities at airports. While the government occasionally provides assistance to airport service providers, in some cases the strict government rules imposed by the airport authority impede the market expansion of the airport and aviation-related sectors. Airports all across the world have a wide range of specialized governance systems. Due to various local circumstances, variations in management plans for the national airport may be accepted. To assist the aviation industry recover from the current crisis, more collaboration is needed. Up until recently, there has been a substantial demand for both new aviation infrastructure and capacity enhancements at existing airports, which may result in new regulations that may not be in the best interests of private airport operators. Thus, it is anticipated that these issues will hurt the industry.
Covid-19 Impact
COVID-19 has had a major and immediate impact on airport traffic and revenue. The COVID-19 epidemic caused a decline in passenger travel worldwide. The issue first surfaced in Asia-Pacific, but according to ACI, the virus spread quickly and containment efforts made as a result, including government recommendations to stay at home and airport closures, caused a decline in air travel of 22.9% in February and a 53.1% decline in March 2020. In the first quarter of 2020, this translated into a 620 million passenger volume decline. April was a particularly difficult month because passenger travel was down 90% worldwide.
The Class A segment is expected to be the largest during the forecast period
The Class A segment is estimated to have a lucrative growth, as Class A airports are those that accommodate all scheduled operations using big air carrier aircraft those with at least 31 seats and any other kind of air carrier activity. These airports currently have an AOC and are permitted to serve any Part 139-eligible air carrier operations. Therefore, all Part 139 requirements must be followed by the airport operators which enhance the market growth.
The cargo handling segment is expected to have the highest CAGR during the forecast period
The cargo handling segment is anticipated to witness the highest CAGR growth during the forecast period, as the aircraft maintenance while at the terminal is referred to as "ground and cargo handling services." Passenger handling, luggage handling, lamp handling, catering, and other services are available. Demand for these services will be driven by rising global air travel and the construction of new airports in developing nations over the course of the forecast period.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the unexpected increase in air passenger traffic; Asia Pacific is predicted to be the largest rising area in the worldwide market. The growth and modernisation of airport infrastructure as well as the addition of additional airports to the region's airport network are encouraged by the region's growing air passenger traffic and the expansion of low-cost carriers in nations like China and India. China will overtake the United States in terms of air passenger volume in 2024, predicts the International Air Transport Association (IATA). In addition, due to the expansion of aircraft fleets and the rising trend of low-cost airlines in the nation, India is anticipated to rank as the third-largest aviation market throughout the projection period.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, because of the expanding airport infrastructure in the United Kingdom, France, and Germany, the market in Europe is anticipated to have significant growth. Furthermore, prominent airport service businesses including Fraport AG Frankfurt Airport Services Worldwide, Worldwide Flight Services, and LHR Airport have their headquarters in Germany. These are some of the most well-known service providers in the area, and they serve clients from all over the world. The modern airport improvements, as well as the rise in tourism and the frequency of foreign visitors with the government's increasing investment in enhancing the region's public infrastructure is predicted to fuel the industry in the region.
Key players in the market
Some of the key players profiled in the Airside Services Market include Fraport AG Frankfurt Airport Services Worldwide, Air General Inc, Beijing Capital International Airport Co. Ltd, Signature Aviation plc, Tokyo International Air Terminal Corporation, Çelebi Aviation, LHR Airports Limited, Worldwide Flight Services, Teledyne Technologies Incorporated, Siemens, S.A.S. Services Group, Inc, Aena, IBM, Indra,, Damarel System International Ltd, Cisco Systems, Inc., Thales, QinetiQ, Amadeus IT Group SA and Raytheon Technologies Corporation
Key Developments:
In July 2023, RwandAir, the flag carrier airline of Rwanda, has appointed Worldwide Flight Services (WFS) as the cargo handling partner for its new direct flights to Paris Charles de Gaulle.
In June 2023, Frankfurt Airport (FRA) welcomed some 5.6 million passengers in June 2023, an increase of 11.3 percent compared to the same month last year. For the first time since the pandemic, Germany’s largest airport served more than 200,000 daily passengers again.
In February 2023, Fraport AG and Partner Donate €1 Million for Earthquake Victims in Turkey, the joint venture partners are each donating €500,000. Talks with the Turkish authorities to determine where the money is needed most urgently are currently ongoing.
Airport Classes Covered:
• Class A
• Class B
• Class C
• Class D
• Other Airport Class
Platforms Covered:
• Hardware
• Software
• Service
Operations Covered:
• Aircraft Handling
• Passenger Handling
• Cargo Handling
• Ramp Handling
• Aerobridges
• Fuel Oil Handling
• Other Operations
End Users Covered:
• Commercial
• Military
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
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Airside Services Market, By Airport Class
5.1 Introduction
5.2 Class A
5.3 Class B
5.4 Class C
5.5 Class D
5.6 Other Airport Class
6 Global Airside Services Market, By Platform
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Service
7 Global Airside Services Market, By Operation
7.1 Introduction
7.2 Aircraft Handling
7.3 Passenger Handling
7.4 Cargo Handling
7.5 Ramp Handling
7.6 Aerobridges
7.7 Fuel Oil Handling
7.8 Other Operations
8 Global Airside Services Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Military
9 Global Airside Services 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 Fraport AG Frankfurt Airport Services Worldwide
11.2 Air General Inc
11.3 Beijing Capital International Airport Co. Ltd
11.4 Signature Aviation plc
11.5 Tokyo International Air Terminal Corporation
11.6 Çelebi Aviation
11.7 LHR Airports Limited
11.8 Worldwide Flight Services
11.9 Teledyne Technologies Incorporated
11.10 Siemens
11.11 S.A.S. Services Group, Inc
11.12 Aena
11.13 IBM
11.14 Indra
11.15 Damarel System International Ltd
11.16 Cisco Systems, Inc.
11.17 Thales
11.18 QinetiQ
11.19 Amadeus IT Group SA
11.20 Raytheon Technologies Corporation
List of Tables
1 Global Airside Services Market Outlook, By Region (2021-2030) ($MN)
2 Global Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
3 Global Airside Services Market Outlook, By Class A (2021-2030) ($MN)
4 Global Airside Services Market Outlook, By Class B (2021-2030) ($MN)
5 Global Airside Services Market Outlook, By Class C (2021-2030) ($MN)
6 Global Airside Services Market Outlook, By Class D (2021-2030) ($MN)
7 Global Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
8 Global Airside Services Market Outlook, By Platform (2021-2030) ($MN)
9 Global Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
10 Global Airside Services Market Outlook, By Software (2021-2030) ($MN)
11 Global Airside Services Market Outlook, By Service (2021-2030) ($MN)
12 Global Airside Services Market Outlook, By Operation (2021-2030) ($MN)
13 Global Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
14 Global Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
15 Global Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
16 Global Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
17 Global Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
18 Global Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
19 Global Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
20 Global Airside Services Market Outlook, By End User (2021-2030) ($MN)
21 Global Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
22 Global Airside Services Market Outlook, By Military (2021-2030) ($MN)
23 North America Airside Services Market Outlook, By Country (2021-2030) ($MN)
24 North America Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
25 North America Airside Services Market Outlook, By Class A (2021-2030) ($MN)
26 North America Airside Services Market Outlook, By Class B (2021-2030) ($MN)
27 North America Airside Services Market Outlook, By Class C (2021-2030) ($MN)
28 North America Airside Services Market Outlook, By Class D (2021-2030) ($MN)
29 North America Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
30 North America Airside Services Market Outlook, By Platform (2021-2030) ($MN)
31 North America Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
32 North America Airside Services Market Outlook, By Software (2021-2030) ($MN)
33 North America Airside Services Market Outlook, By Service (2021-2030) ($MN)
34 North America Airside Services Market Outlook, By Operation (2021-2030) ($MN)
35 North America Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
36 North America Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
37 North America Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
38 North America Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
39 North America Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
40 North America Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
41 North America Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
42 North America Airside Services Market Outlook, By End User (2021-2030) ($MN)
43 North America Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
44 North America Airside Services Market Outlook, By Military (2021-2030) ($MN)
45 Europe Airside Services Market Outlook, By Country (2021-2030) ($MN)
46 Europe Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
47 Europe Airside Services Market Outlook, By Class A (2021-2030) ($MN)
48 Europe Airside Services Market Outlook, By Class B (2021-2030) ($MN)
49 Europe Airside Services Market Outlook, By Class C (2021-2030) ($MN)
50 Europe Airside Services Market Outlook, By Class D (2021-2030) ($MN)
51 Europe Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
52 Europe Airside Services Market Outlook, By Platform (2021-2030) ($MN)
53 Europe Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
54 Europe Airside Services Market Outlook, By Software (2021-2030) ($MN)
55 Europe Airside Services Market Outlook, By Service (2021-2030) ($MN)
56 Europe Airside Services Market Outlook, By Operation (2021-2030) ($MN)
57 Europe Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
58 Europe Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
59 Europe Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
60 Europe Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
61 Europe Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
62 Europe Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
63 Europe Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
64 Europe Airside Services Market Outlook, By End User (2021-2030) ($MN)
65 Europe Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
66 Europe Airside Services Market Outlook, By Military (2021-2030) ($MN)
67 Asia Pacific Airside Services Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
69 Asia Pacific Airside Services Market Outlook, By Class A (2021-2030) ($MN)
70 Asia Pacific Airside Services Market Outlook, By Class B (2021-2030) ($MN)
71 Asia Pacific Airside Services Market Outlook, By Class C (2021-2030) ($MN)
72 Asia Pacific Airside Services Market Outlook, By Class D (2021-2030) ($MN)
73 Asia Pacific Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
74 Asia Pacific Airside Services Market Outlook, By Platform (2021-2030) ($MN)
75 Asia Pacific Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
76 Asia Pacific Airside Services Market Outlook, By Software (2021-2030) ($MN)
77 Asia Pacific Airside Services Market Outlook, By Service (2021-2030) ($MN)
78 Asia Pacific Airside Services Market Outlook, By Operation (2021-2030) ($MN)
79 Asia Pacific Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
80 Asia Pacific Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
81 Asia Pacific Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
82 Asia Pacific Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
83 Asia Pacific Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
84 Asia Pacific Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
85 Asia Pacific Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
86 Asia Pacific Airside Services Market Outlook, By End User (2021-2030) ($MN)
87 Asia Pacific Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
88 Asia Pacific Airside Services Market Outlook, By Military (2021-2030) ($MN)
89 South America Airside Services Market Outlook, By Country (2021-2030) ($MN)
90 South America Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
91 South America Airside Services Market Outlook, By Class A (2021-2030) ($MN)
92 South America Airside Services Market Outlook, By Class B (2021-2030) ($MN)
93 South America Airside Services Market Outlook, By Class C (2021-2030) ($MN)
94 South America Airside Services Market Outlook, By Class D (2021-2030) ($MN)
95 South America Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
96 South America Airside Services Market Outlook, By Platform (2021-2030) ($MN)
97 South America Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
98 South America Airside Services Market Outlook, By Software (2021-2030) ($MN)
99 South America Airside Services Market Outlook, By Service (2021-2030) ($MN)
100 South America Airside Services Market Outlook, By Operation (2021-2030) ($MN)
101 South America Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
102 South America Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
103 South America Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
104 South America Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
105 South America Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
106 South America Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
107 South America Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
108 South America Airside Services Market Outlook, By End User (2021-2030) ($MN)
109 South America Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
110 South America Airside Services Market Outlook, By Military (2021-2030) ($MN)
111 Middle East & Africa Airside Services Market Outlook, By Country (2021-2030) ($MN)
112 Middle East & Africa Airside Services Market Outlook, By Airport Class (2021-2030) ($MN)
113 Middle East & Africa Airside Services Market Outlook, By Class A (2021-2030) ($MN)
114 Middle East & Africa Airside Services Market Outlook, By Class B (2021-2030) ($MN)
115 Middle East & Africa Airside Services Market Outlook, By Class C (2021-2030) ($MN)
116 Middle East & Africa Airside Services Market Outlook, By Class D (2021-2030) ($MN)
117 Middle East & Africa Airside Services Market Outlook, By Other Airport Class (2021-2030) ($MN)
118 Middle East & Africa Airside Services Market Outlook, By Platform (2021-2030) ($MN)
119 Middle East & Africa Airside Services Market Outlook, By Hardware (2021-2030) ($MN)
120 Middle East & Africa Airside Services Market Outlook, By Software (2021-2030) ($MN)
121 Middle East & Africa Airside Services Market Outlook, By Service (2021-2030) ($MN)
122 Middle East & Africa Airside Services Market Outlook, By Operation (2021-2030) ($MN)
123 Middle East & Africa Airside Services Market Outlook, By Aircraft Handling (2021-2030) ($MN)
124 Middle East & Africa Airside Services Market Outlook, By Passenger Handling (2021-2030) ($MN)
125 Middle East & Africa Airside Services Market Outlook, By Cargo Handling (2021-2030) ($MN)
126 Middle East & Africa Airside Services Market Outlook, By Ramp Handling (2021-2030) ($MN)
127 Middle East & Africa Airside Services Market Outlook, By Aerobridges (2021-2030) ($MN)
128 Middle East & Africa Airside Services Market Outlook, By Fuel Oil Handling (2021-2030) ($MN)
129 Middle East & Africa Airside Services Market Outlook, By Other Operations (2021-2030) ($MN)
130 Middle East & Africa Airside Services Market Outlook, By End User (2021-2030) ($MN)
131 Middle East & Africa Airside Services Market Outlook, By Commercial (2021-2030) ($MN)
132 Middle East & Africa Airside Services Market Outlook, By Military (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.
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