Flying Taxi Market Share & Analysis – Industry Overview

Base Year: 2023 Historical Data: 2020-22

Report ID: TBI-12503
Published Date: Aug, 2024
Pages: 210
Category: Automotive & Transportation
Format: PDF

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Segment Analysis

The global flying taxi market has been segmented based on component, technology, propulsion type, aircraft type, passenger capacity, and regions.

The component segment is divided into software, hardware, and services. The software segment is anticipated to grow at the highest CAGR of 23.2% over the forecast period. This is mainly because many companies are working on the development of software program, to ensure the safe and smooth operation workflow of flying taxi. Software also helps to autonomously control the flying taxi, without manual process. Many companies are working together to develop the software for the flying taxi.
The technology segment includes autonomous, semi-autonomous, and manual. The autonomous segment is likely to grow at the highest CAGR of 23.5% over the forecast period. Many companies are investing in the research and development for the launch of an autonomous flying taxi, where riders will be able to hail with their smartphones. For instance, in November 2019, Ehang, a Chinese autonomous flying taxi startup, filed paperwork with the U.S. Securities and Exchange Commission to launch the flying taxi in the marker with a USD 100 million offering of depository shares.
The propulsion type segment includes parallel hybrid, electric, turboshaft, and turboelectric, and others. The parallel hybrid propulsion system held the largest market share of 29.4% in 2023. This is mainly due to its benefits such as higher fuel efficiency and more extended driving range, among others.
The aircraft type segment is divided into multicopter, side-by-side aircraft, tiltwing aircraft, tiltrotor aircraft, and others. The multicopter aircraft type accounted for a major market share of 35% in 2023. This is mainly due to economic benefits offered by multicopter along with its ability to use shorter runways for ultra-short-haul journeys. It is a rotorcraft with more than two rotors, and it requires simpler rotor mechanics required for flight control.
The passenger capacity segment is classified into less than 5, less than 10, and more than 10. Less than five-passenger capacity segment accounted for the major market share of 61.5% in 2023. This is mainly due to many companies are focusing on developing the 2 and 4 passenger capacity flying taxi.

Regional segmentation analysis

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the flying taxi market, with a 43.8% share of the market revenue in 2023.

This is because North America is one of the highly technologically advanced regions, among others. The region has a well-developed infrastructure, and they are early adopters of flying taxi in the world. In addition to this, the U.S. and Canada are experiencing high traffic congestion and requires an alternative way to reduce traffic jams, further driving the growth of the market. Furthermore, many companies of global flying taxi market have the key presence in the across the region is also boosting the market growth.
The European regional market is projected to register the highest growth during the forecast period due to the technological advancements in telecommunication technologies such as 5G and increasing startup funding for flying taxi. Many aviation companies in Europe are working on the development and commercializing the flying taxi across the region.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Technology
          4.3.3. Market Attractiveness Analysis By Propulsion Type
          4.3.4. Market Attractiveness Analysis By Aircraft Type
          4.3.5. Market Attractiveness Analysis By Passenger Capacity
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising number of investments in research & development
          5.2.2. Increasing traffic congestion on the roads
    5.3. Restrains
          5.3.1. Stringent government regulations
    5.4. Opportunities
          5.4.1. Growing developments in the air urban mobility
    5.5. Challenges
          5.5.1. Infrastructure barriers

6. Global Flying Taxi Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Software
    6.3. Hardware
    6.4. Services

7. Global Flying Taxi Market Analysis and Forecast, By Technology
    7.1. Segment Overview
    7.2. Autonomous
    7.3. Semi-Autonomous
    7.4. Manual

8. Global Flying Taxi Market Analysis and Forecast, By Propulsion Type
    8.1. Segment Overview
    8.2. Parallel Hybrid
    8.3. Electric
    8.4. Turboshaft
    8.5. Turboelectric
    8.6. Others

9. Global Flying Taxi Market Analysis and Forecast, By Aircraft Type
    9.1. Segment Overview
    9.2. Multicopter
    9.3. Side-By-Side Aircraft
    9.4. Tiltwing Aircraft
    9.5. Tiltrotor Aircraft
    9.6. Others

10. Global Flying Taxi Market Analysis and Forecast, By Passenger Capacity
    10.1. Segment Overview
    10.2. Less Than 5
    10.3. Less Than 10
    10.4. More Than 10

11. Global Flying Taxi Market Analysis and Forecast, By Regional Analysis
    11.1. Segment Overview
    11.2. North America
          11.2.1. U.S.
          11.2.2. Canada
          11.2.3. Mexico
    11.3. Europe
          11.3.1. Germany
          11.3.2. France
          11.3.3. U.K.
          11.3.4. Italy
          11.3.5. Spain
    11.4. Asia-Pacific
          11.4.1. Japan
          11.4.2. China
          11.4.3. India
    11.5. South America
          11.5.1. Brazil
    11.6. Middle East and Africa
          11.6.1. UAE
          11.6.2. South Africa

12. Global Flying Taxi Market-Competitive Landscape
    12.1. Overview
    12.2. Market Share of Key Players in Global Flying Taxi Market
          12.2.1. Global Company Market Share
          12.2.2. North America Company Market Share
          12.2.3. Europe Company Market Share
          12.2.4. APAC Company Market Share
    12.3. Competitive Situations and Trends
          12.3.1. Product Launches and Developments
          12.3.2. Partnerships, Collaborations, and Agreements
          12.3.3. Mergers & Acquisitions
          12.3.4. Expansions

13. Company Profiles
    13.1. Airbus
          13.1.1. Business Overview
          13.1.2. Company Snapshot
          13.1.3. Company Market Share Analysis
          13.1.4. Company Product Portfolio
          13.1.5. Recent Developments
          13.1.6. SWOT Analysis
    13.2. Beechcraft Corporation
          13.2.1. Business Overview
          13.2.2. Company Snapshot
          13.2.3. Company Market Share Analysis
          13.2.4. Company Product Portfolio
          13.2.5. Recent Developments
          13.2.6. SWOT Analysis
    13.3. Boeing
          13.3.1. Business Overview
          13.3.2. Company Snapshot
          13.3.3. Company Market Share Analysis
          13.3.4. Company Product Portfolio
          13.3.5. Recent Developments
          13.3.6. SWOT Analysis
    13.4. Dassault Aviation SA
          13.4.1. Business Overview
          13.4.2. Company Snapshot
          13.4.3. Company Market Share Analysis
          13.4.4. Company Product Portfolio
          13.4.5. Recent Developments
          13.4.6. SWOT Analysis
    13.5. Ehang
          13.5.1. Business Overview
          13.5.2. Company Snapshot
          13.5.3. Company Market Share Analysis
          13.5.4. Company Product Portfolio
          13.5.5. Recent Developments
          13.5.6. SWOT Analysis
    13.6. Volocopter GmbH
          13.6.1. Business Overview
          13.6.2. Company Snapshot
          13.6.3. Company Market Share Analysis
          13.6.4. Company Product Portfolio
          13.6.5. Recent Developments
          13.6.6. SWOT Analysis
    13.7. Uber
          13.7.1. Business Overview
          13.7.2. Company Snapshot
          13.7.3. Company Market Share Analysis
          13.7.4. Company Product Portfolio
          13.7.5. Recent Developments
          13.7.6. SWOT Analysis
    13.8. Embraer
          13.8.1. Business Overview
          13.8.2. Company Snapshot
          13.8.3. Company Market Share Analysis
          13.8.4. Company Product Portfolio
          13.8.5. Recent Developments
          13.8.6. SWOT Analysis
    13.9. Gulfstream
          13.9.1. Business Overview
          13.9.2. Company Snapshot
          13.9.3. Company Market Share Analysis
          13.9.4. Company Product Portfolio
          13.9.5. Recent Developments
          13.9.6. SWOT Analysis
    13.10. Cessna
          13.10.1. Business Overview
          13.10.2. Company Snapshot
          13.10.3. Company Market Share Analysis
          13.10.4. Company Product Portfolio
          13.10.5. Recent Developments
          13.10.6. SWOT Analysis
    13.11. Joby Aviation
          13.11.1. Business Overview
          13.11.2. Company Snapshot
          13.11.3. Company Market Share Analysis
          13.11.4. Company Product Portfolio
          13.11.5. Recent Developments
          13.11.6. SWOT Analysis
    13.12. Terrafugia
          13.12.1. Business Overview
          13.12.2. Company Snapshot
          13.12.3. Company Market Share Analysis
          13.12.4. Company Product Portfolio
          13.12.5. Recent Developments
          13.12.6. SWOT Analysis
    13.13. AeroMobil s.r.o. AeroMobil
          13.13.1. Business Overview
          13.13.2. Company Snapshot
          13.13.3. Company Market Share Analysis
          13.13.4. Company Product Portfolio
          13.13.5. Recent Developments
          13.13.6. SWOT Analysis

List of Table

1. Global Flying Taxi Market, By Component, 2020–2033 (USD Billion)

2. Global Software, Flying Taxi Market, By Region, 2020–2033 (USD Billion)

3. Global Hardware, Flying Taxi Market, By Region, 2020–2033 (USD Billion)

4. Global Services, Flying Taxi Market, By Region, 2020–2033 (USD Billion)

5. Global Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

6. Global Autonomous Flying Taxi Market, By Region, 2020–2033 (USD Billion)

7. Global Semi-Autonomous Flying Taxi Market, By Region, 2020–2033 (USD Billion)

8. Global Manual Flying Taxi Market, By Region, 2020–2033 (USD Billion)

9. Global Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

10. Global Parallel Hybrid Flying Taxi Market, By Region, 2020–2033 (USD Billion)

11. Global Electric Flying Taxi Market, By Region, 2020–2033 (USD Billion)

12. Global Turboshaft Flying Taxi Market, By Region, 2020–2033 (USD Billion)

13. Global Turboelectric Flying Taxi Market, By Region, 2020–2033 (USD Billion)

14. Global Others Flying Taxi Market, By Region, 2020–2033 (USD Billion)

15. Global Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

16. Global Multicopter Flying Taxi Market, By Region, 2020–2033 (USD Billion)

17. Global Side-By-Side Aircraft Flying Taxi Market, By Region, 2020–2033 (USD Billion)

18. Global Tiltwing Aircraft, Aircraft Flying Taxi Market, By Region, 2020–2033 (USD Billion)

19. Global Tiltrotor Aircraft, Aircraft Flying Taxi Market, By Region, 2020–2033 (USD Billion)

20. Global Others Aircraft Flying Taxi Market, By Region, 2020–2033 (USD Billion)

21. Global Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

22. Global Less Than 5 Flying Taxi Market, By Region, 2020–2033 (USD Billion)

23. Global Less Than 10 Flying Taxi Market, By Region, 2020–2033 (USD Billion)

24. Global More Than 10 Flying Taxi Market, By Region, 2020–2033 (USD Billion)

25. Global Flying Taxi Market, By Region, 2020–2033 (USD Billion)

26. Global Flying Taxi Market, By North America, 2020–2033 (USD Billion)

27. North America Flying Taxi Market, By Component, 2020–2033 (USD Billion)

28. North America Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

29. North America Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

30. North America Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

31. North America Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

32. U.S. Flying Taxi Market, By Component, 2020–2033 (USD Billion)

33. U.S. Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

34. U.S. Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

35. U.S. Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

36. U.S. Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

37. Canada Flying Taxi Market, By Component, 2020–2033 (USD Billion)

38. Canada Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

39. Canada Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

40. Canada Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

41. Canada Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

42. Mexico Flying Taxi Market, By Component, 2020–2033 (USD Billion)

43. Mexico Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

44. Mexico Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

45. Mexico Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

46. Mexico Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

47. Europe Flying Taxi Market, By Component, 2020–2033 (USD Billion)

48. Europe Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

49. Europe Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

50. Europe Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

51. Europe Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

52. Germany Flying Taxi Market, By Component, 2020–2033 (USD Billion)

53. Germany Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

54. Germany Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

55. Germany Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

56. Germany Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

57. France Flying Taxi Market, By Component, 2020–2033 (USD Billion)

58. France Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

59. France Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

60. France Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

61. France Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

62. U.K. Flying Taxi Market, By Component, 2020–2033 (USD Billion)

63. U.K. Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

64. U.K. Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

65. U.K. Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

66. U.K. Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

67. Italy Flying Taxi Market, By Component, 2020–2033 (USD Billion)

68. Italy Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

69. Italy Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

70. Italy Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

71. Italy Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

72. Spain Flying Taxi Market, By Component, 2020–2033 (USD Billion)

73. Spain Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

74. Spain Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

75. Spain Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

76. Spain Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

77. Asia Pacific Flying Taxi Market, By Component, 2020–2033 (USD Billion)

78. Asia Pacific Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

79. Asia Pacific Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

80. Asia Pacific Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

81. Asia Pacific Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

82. Japan Flying Taxi Market, By Component, 2020–2033 (USD Billion)

83. Japan Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

84. Japan Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

85. Japan Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

86. Japan Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

87. China Flying Taxi Market, By Component, 2020–2033 (USD Billion)

88. China Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

89. China Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

90. China Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

91. China Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

92. India Flying Taxi Market, By Component, 2020–2033 (USD Billion)

93. India Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

94. India Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

95. India Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

96. India Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

97. South America Flying Taxi Market, By Component, 2020–2033 (USD Billion)

98. South America Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

99. South America Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

100. South America Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

101. South America Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

102. Brazil Flying Taxi Market, By Component, 2020–2033 (USD Billion)

103. Brazil Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

104. Brazil Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

105. Brazil Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

106. Brazil Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

107. Middle East and Africa Flying Taxi Market, By Component, 2020–2033 (USD Billion)

108. Middle East and Africa Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

109. Middle East and Africa Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

110. Middle East and Africa Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

111. Middle East and Africa Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

112. UAE Flying Taxi Market, By Component, 2020–2033 (USD Billion)

113. UAE Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

114. UAE Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

115. UAE Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

116. UAE Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

117. South Africa Flying Taxi Market, By Component, 2020–2033 (USD Billion)

118. South Africa Flying Taxi Market, By Technology, 2020–2033 (USD Billion)

119. South Africa Flying Taxi Market, By Propulsion Type, 2020–2033 (USD Billion)

120. South Africa Flying Taxi Market, By Aircraft Type, 2020–2033 (USD Billion)

121. South Africa Flying Taxi Market, By Passenger Capacity, 2020–2033 (USD Billion)

List of Figures

1. Global Flying Taxi Market Segmentation

2. Flying Taxi Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Flying Taxi Market Attractiveness Analysis By Component

9. Global Flying Taxi Market Attractiveness Analysis By Technology

10. Global Flying Taxi Market Attractiveness Analysis By Propulsion Type

11. Global Flying Taxi Market Attractiveness Analysis By Aircraft Type

12. Global Flying Taxi Market Attractiveness Analysis By Passenger Capacity

13. Global Flying Taxi Market Attractiveness Analysis By Region

14. Global Flying Taxi Market: Dynamics

15. Global Flying Taxi Market Share By Component (2023 & 2033)

16. Global Flying Taxi Market Share By Technology (2023 & 2033)

17. Global Flying Taxi Market Share By Propulsion Type (2023 & 2033)

18. Global Flying Taxi Market Share By Aircraft Type (2023 & 2033)

19. Global Flying Taxi Market Share By Passenger Capacity (2023 & 2033)

20. Global Flying Taxi Market Share by Regions (2023 & 2033)

21. Global Flying Taxi Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global flying taxi market on the basis of below mentioned segments:

Global Flying Taxi Market by Component:

Software
Hardware
Services

Global Flying Taxi Market by Technology:

Autonomous
Semi-Autonomous
Manual

Global Flying Taxi Market by Propulsion Type:

Parallel Hybrid
Electric
Turboshaft
Turboelectric
Others

Global Flying Taxi Market by Aircraft Type:

Multicopter
Side-By-Side Aircraft
Tiltwing Aircraft
Tiltrotor Aircraft
Others

Global Flying Taxi Market by Passenger Capacity:

Less Than 5
Less Than 10
More Than 10

Global Flying Taxi Market by Region:

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
Asia-Pacific
- Japan
- China
- India
South America
- Brazil
Middle East and Africa
- UAE
- South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations.
We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:

Import & Export Data
Business Trade Information
Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

Evaluating the penetration level and usage rates of the product.
Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

Applying demographic along with psychographic segmentation for market evaluation
Determining the Micro and Macro-economic indicators for each region
Examining the industry indicators prevailing in the market.

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

CXOs and VPs of leading companies’ specific to sector
Purchasing managers, technical personnel, end-users
Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

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