Rocket and Missile Market

Rocket and Missile Market Trends & Growth Analysis – Latest Insights

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12766
  • Published Date: May, 2022
  • Pages: 234
  • Category: Aerospace & Defence
  • Format: PDF
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Market Dynamics

Drivers

  • Increasing territorial conflicts

The contemporary wars, and post-colonization have left many nations with concrete border lines. Strategic borders are constantly contested bilateral/multilateral issues among countries. For example, the Indo-Sino border is not defined on the northern frontier of India. It is left to be dealt with in the future by the post-independence governments. The Israel Palestine conflict is growing in intensity with each passing year to the atrocities carried out by both sides. Armenia-Azerbaijan fought a brief war on the contested land of Nagorno-Karabakh. Russia annexed Crimea in 2014 and launched a full-scale invasion of Ukraine in 2022. Turkey is contesting a part of the Mediterranean Sea with Greece and Cyprus. China is contesting all South China sea islands with ASEAN nations. The increased conflicts tend to blow out into a full-fledged war in case of misadventures, aggression, blatant disregard for border peace agreements, heightened emotions, and poor diplomacy, as the Russia-Ukraine has depicted. Each nation needs a strong military and defense standing to safeguard national interests; countries worldwide are increasing their defense budget to achieve national security. The increase in the defense budget is primarily focused on developing rockets and cruise missiles that effectively deliver national security, contributing to the growth of the market.

Restraints

  • High capital expenditure

Rocket and missile market growth would be hampered by the extensive capital expenditure required for development and production. Rockets and missiles are sophisticated weaponry developed to achieve defined objectives. Manufacturing the components of these systems and their assemblage requires skilled engineers and other experts. Furthermore, each defense weaponry must undergo various trials before being officially inducted into the army's arsenal. All these factors increase the production costs of the rockets and missiles exponentially and restrict the market's growth.

Opportunities

  • Increased funding for research and development of better and advanced rockets and missiles

With increased defense expenditure globally, the research and development of high-end rockets and missile systems will gain traction. Governments are granting contracts to private defense manufacturers with the most advanced weaponry and defense systems to bolster their national security apparatus. To win such grants, private manufacturers invest heavily in developing better systems. Growing collaborations between countries and private players to manufacture anti-defense and naval and air defense systems will provide lucrative opportunities for the global rocket and missile markets. The effectiveness of unmanned guided missiles with long ranges contributes to the growing popularity of developing indigenous missile systems with surprise elements to gain leverage in close-quarter combats.

Challenges

  • Integration with the conventional launch and communications systems

The newly developed advanced and high-end rocket and missile systems have to be integrated into the conventional army defenses for its operation. They need to be compatible with the existing sensors, killing machines, command control, communications systems, and battle management control to deliver their objectives effectively. Such processes are complex and must be performed with the utmost care by experts. The risks increase when nuclear-capable warheads are integrated, proving to be a challenge for the said market.

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 Type
          4.3.2. Market Attractiveness Analysis by Propulsion Type
          4.3.3. Market Attractiveness Analysis by Platform
          4.3.4. Market Attractiveness Analysis by Launch Mode
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing territorial conflicts
    5.3. Restraints
          5.3.1. High capital investment
    5.4. Opportunities
          5.4.1. Increased funding for research and development of better and advanced rockets and missiles
    5.5. Challenges
          5.5.1. Integration with conventional launch and communications systems

6. Global Rocket and Missile Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Rockets
    6.3. Missiles

7. Global Rocket and Missile Market Analysis and Forecast, By Propulsion Type
    7.1. Segment Overview
    7.2. Ramjet
    7.3. Turbojet
    7.4. Scramjet
    7.5. Liquid Propulsion
    7.6. Solid Propulsion
    7.7. Hybrid Propulsion

8. Global Rocket and Missile Market Analysis and Forecast, By Platform
    8.1. Segment Overview
    8.2. Ground
    8.3. Air Borne
    8.4. Naval

9. Global Rocket and Missile Market Analysis and Forecast, By Launch Mode
    9.1. Segment Overview
    9.2. Surface-to-Surface
    9.3. Air-to-Air
    9.4. Surface-to-Air
    9.5. Air-to-Surface
    9.6. Subsea-to-Surface

10. Global Rocket and Missile Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Rocket and Missile Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Rocket and Missile Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Rafael Advanced Defense Systems Ltd.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Lockheed Martin Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Raytheon Technologies Corporation
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Thales Group
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Northrop Grumman Corporation
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. BAE Systems
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. General Dynamics Corporation
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. MBDA Missiles Systems
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Denel Dynamics
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Saab AB
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

2. Global Rockets Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

3. Global Missiles Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

4. Global Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

5. Global Ramjet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

6. Global Turbojet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

7. Global Scramjet Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

8. Global Liquid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

9. Global Solid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

10. Global Hybrid Propulsion Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

11. Global Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

12. Global Ground Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

13. Global Air Borne Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

14. Global Naval Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

15. Global Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

16. Global Surface-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

17. Global Air-to-Air Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

18. Global Surface-to-Air Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

19. Global Air-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

20. Global Subsea-to-Surface Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

21. Global Rocket and Missile Market, By Region, 2019-2030 (USD Billion) 

22. North America Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

23. North America Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

24. North America Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

25. North America Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

26. U.S. Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

27. U.S. Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

28. U.S. Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

29. U.S. Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

30. Canada Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

31. Canada Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

32. Canada Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

33. Canada Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

34. Mexico Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

35. Mexico Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

36. Mexico Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

37. Mexico Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

38. Europe Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

39. Europe Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

40. Europe Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

41. Europe Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

42. Germany Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

43. Germany Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

44. Germany Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

45. Germany Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

46. France Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

47. France Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

48. France Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

49. France Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

50. U.K. Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

51. U.K. Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

52. U.K. Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

53. U.K. Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

54. Italy Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

55. Italy Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

56. Italy Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

57. Italy Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

58. Spain Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

59. Spain Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

60. Spain Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

61. Spain Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

62. Asia Pacific Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

63. Asia Pacific Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

64. Asia Pacific Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

65. Asia Pacific Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

66. Japan Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

67. Japan Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

68. Japan Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

69. Japan Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

70. China Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

71. China Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

72. China Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

73. China Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

74. India Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

75. India Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

76. India Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

77. India Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

78. South America Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

79. South America Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

80. South America Rocket and Missile Market, By Platform, 2019-2030 (USD Billion)

81. South America Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

82. Brazil Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

83. Brazil Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

84. Brazil Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

85. Brazil Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

86. Middle East and Africa Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

87. Middle East and Africa Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

88. Middle East and Africa Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

89. Middle East and Africa Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

90. UAE Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

91. UAE Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

92. UAE Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

93. UAE Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion)

94. South Africa Rocket and Missile Market, By Type, 2019-2030 (USD Billion) 

95. South Africa Rocket and Missile Market, By Propulsion Type, 2019-2030 (USD Billion) 

96. South Africa Rocket and Missile Market, By Platform, 2019-2030 (USD Billion) 

97. South Africa Rocket and Missile Market, By Launch Mode, 2019-2030 (USD Billion) 

List of Figures 

1. Global Rocket and Missile Market Segmentation

2. Rocket and Missile 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 Rocket and Missile Market Attractiveness Analysis by Type

9. Global Rocket and Missile Market Attractiveness Analysis by Propulsion Type

10. Global Rocket and Missile Market Attractiveness Analysis by Platform

11. Global Rocket and Missile Market Attractiveness Analysis by Launch Mode

12. Global Rocket and Missile Market Attractiveness Analysis by Region

13. Global Rocket and Missile Market: Dynamics

14. Global Rocket and Missile Market Share by Type (2022 & 2030)

15. Global Rocket and Missile Market Share by Propulsion Type (2022 & 2030)

16. Global Rocket and Missile Market Share by Platform (2022 & 2030)

17. Global Rocket and Missile Market Share by Regions (2022 & 2030)

18. Global Rocket and Missile Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global rocket and missile market based on below mentioned segments:

Global Rocket and Missile Market by Type:

  • Rockets
  • Missiles

Global Rocket and Missile Market by Propulsion Type:

  • Ramjet
  • Turbojet
  • Scramjet
  • Liquid Propulsion
  • Solid Propulsion
  • Hybrid Propulsion

Global Rocket and Missile Market by Platform:

  • Ground
  • Airborne
  • Naval

Global Rocket and Missile Market by Launch Mode:

  • Surface-to-Surface
  • Air-to-Air
  • Surface-to-Air
  • Air-to-Surface
  • Subsea-to-Surface

Global Rocket and Missile 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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