Aerospace parts manufacturing Market

Aerospace parts manufacturing market Size by Type (Aircraft Manufacturing, Engines, Avionics, Cabin Interiors, System and Support, Insulation Components and Equipment), Application (Military Aircraft, Commercial Aircraft Business Aircraft, and others), Regions (North America, Europe, South America, Asia Pacific, and the Middle East and Africa), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12667
  • Published Date: Mar, 2022
  • Pages: 237
  • Category: Aerospace & Defence
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global aerospace parts manufacturing market is expected to reach USD 1391.16 billion by 2030, at a CAGR of 4.3% from 2022 to 2030. The increasing rate of fleet maintenance is a significant driver of the aerospace components manufacturing industry.

Market Overview:

The phrase "aerospace" refers to the troposphere and space travel as a whole. Aerospace activity is hugely varied, with several corporate, professional, and military uses. Aerodynamic and astronautics are two branches of aerospace engineering. Aerospace firms research, develop, build, operate, and repair airplanes and spacecraft. Aerospace is a discipline of engineering and innovation concerned with both aviation and space flight. The aircraft business has a diverse product range since its principal product, flying vehicles, need millions of unique parts. Furthermore, many support systems are required to run and repair the vehicles. Most aircraft manufacturers are interconnected across the supply chain and are heavily involved in the components production process. For the acquisition of these parts, these firms have in-house manufacturing plants and vendor arrangements. The producers are also engaged in the addition of raw materials and the quality and performance control of parts provided by third-party vendors. Many aircraft manufacturers are heavily involved in the components production process and are integrated throughout the value chain. Certain firms have in-house manufacturing capabilities and supplier contracts for the acquisition of these items. The producers also assist in the quality monitoring and design of aeronautical parts supplied by third-party suppliers and the addition of raw materials.

Get an overview of this study by requesting a free sample

Market Dynamics:

Drivers:
  • Increase in Rate of Aircraft Fleet Replacement.

Increasing fleet substitution rates are likely to drive an increase in aircraft manufacturing, which will speed up the development. The aircraft's long service life gives MRO companies chances to deliver maintenance and repair of present fleets, which adds to demand. Furthermore, airlines considering fleet expansions may bring back older aircraft into service or keep them in operation for a prolonged period, which is expected to boost development in the aerospace parts manufacturing market. Another factor projected to fuel the expansion of the global market over the forecast period is technical improvements and a rising need for aircraft built for specific tasks.

  • Rising Demand for Fuel-Efficient and Lighter Aircraft.

The rising need for fuel-efficient, lightweight, and next-generation aircraft is one of the critical reasons factors contributing to the growth of the aerospace components manufacturing industry. The market is predicted to expand quickly as the pace of aircraft production increases resulting in increased fleet maintenance, technological improvement, and the increasing demand for aircraft specialized for specific tasks. The market aims at improving collaboration among key players in the manufacturing of aeronautical goods.

  • A rise in the demand for aeronautical pieces of equipment.

The aerospace equipment production industry is predicted to expand due to enhanced policy measures for space research. Drones and Unmanned Aircraft Vehicles (UAVs) are projected to play an essential role in this growth. The increasing use of uncrewed aircraft for security monitoring is projected to boost segment development in the near term.

Restraints:
  • Problems Caused by Price Volatility in Materials And equipment.

Issues such as fluctuating raw materials prices, demanding aviation rules, and significant capital expenditure may hamper industry expansion. Decreasing military spending may impact demand for military helicopters, which is expected to impede global market growth throughout the forecast period.

Opportunities:
  • The prolonged length of service.

The prolonged service life of aircraft creates attractive prospects for market participants. These payments are covered through pay-as-you-go government support for military and other federal programs or through capital obtained through raising money by the general populace or risk-sharing private investment, or through loans from older varieties sources of means such as banks and companies. Since high air transportation costs have climbed into the hundreds of thousands of dollars, licensing has become an efficient cash flow saver for aircraft, and leasing enterprises are becoming a source of acquisition funding for subcontractors.

Segmentation Analysis:

The global aerospace parts manufacturing market has been segmented based on the type and application industry and regions.

  • The type segment is divided into aircraft manufacturing, engines, avionics, cabin interiors, system and support, insulation components and equipment. The insulation components and equipment segment dominated the market with a market share of around 22.6% because of their high replenishment rate. Expanding aircraft MRO operations due to the growing aircraft fleet is expected to drive demand for these elements throughout the forecast period. They are intended to improve an aircraft's safety and efficiency. Electric motors account for a significant portion of avionics production since they are employed in all aircraft networks, including the air, oxygen, hydraulic, water, and fuel systems.
  • The application segment is divided into military aircraft, commercial aircraft business aircraft, and others. In 2021, the Commercial Aircraft Business Aircraft segment dominated the market with around 54%, owing to the rise in the number of passengers and freight traffic. Improved worldwide trade links increase demand for cargo transportation, which is likely to boost sector development. Sales volume for business aircraft is predicted to expand because of cheap pricing and an expansion in aircraft size. Business aircraft are expected to increase productivity since air travel takes less time than other types of transportation. This is likely to increase business aircraft demand throughout the projection period, benefiting industry development.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most prominent global aerospace parts manufacturing market, with a 38.2% share of the market revenue in 2021.

  • This is due to the combination of important aircraft component manufacturers and the region's well-established aircraft manufacturing sector. Over the projected period, rising demand for new-generation aircraft is likely to drive market expansion in the area. The market in the United States is characterized by increasing demands for control surfaces and other service elements as a result of the increasing trend of replacing aging landing gears with modern systems. Furthermore, increased demand for fixed-wing aviation in the United States is expected to boost the market throughout the forecast period.
  • On the other hand, the Asia Pacific market is predicted to develop at a steady rate over the forecast period, owing to the region's massive development of the aviation industry and the expansion of the Replacement, Maintenance, and Overhaul (MRO) sector. This is projected to have a beneficial influence on the regional market's growth. The consistency of R&D spending in Europe's aerospace and military sectors will likely benefit the region's aviation components manufacturing business. In addition, the industry has a highly inventive and trying to cut research strategy. Over the projected period, the market is expected to increase due to rapid development in the manufacturing of interior cabin elements.

North America region Aerospace parts manufacturing market Share in 2021 - 38.2%

 

www.thebrainyinsights.com

Check the geographical analysis of this market by requesting a free sample

Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global aerospace parts manufacturing market.

Kymera International completed its fund's transfer with Ametek, Inc., based in Pennsylvania. It proclaimed the acquisition of 100 percent shares of the Reading Alloys business, which involves developing and manufacturing master alloying elements, protective coatings, and titanium particles used in the aircraft industry, in March 2020, which enlarged the company's product development and the market portfolio.

Kordsa Teknik Tekstil A.S. announced its acquisition of Axiom Materials, an aircraft component producer, in July 2019, which boosts the company's operations in the sophisticated composite materials market and expands its range of products.

List of Key Market Players:

  • JAMCO Corp.
  • Rolls Royce plc
  • Intrex Aerospace
  • Safran Group
  • CAMAR Aircraft Parts Company
  • Woodward Hexcel
  • Eaton Corporation plc
  • Engineered Propulsion System
  • GE Aviation
  • Aequs
  • Textron, Inc.
  • MTU Aero Engines AG
  • Superior Aviation Beijing
  • Raytheon Technologies Corp.
  • Honeywell International, Inc

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Aerospace parts manufacturing market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered historical years, and 2022 to 2030 are the forecast years. The global aerospace parts manufacturing market is based on revenue (USD Billion). The report incorporates the market study based on income. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global aerospace parts manufacturing market. The areas analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also outlines the attractiveness of digital education based on type, application, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects fathom market growth and development in the future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by critical organizations catering to the global aerospace parts manufacturing market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers a detailed study for the company profiles of key organizations operating in the global aerospace parts manufacturing market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and critical financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of porter's five forces analysis coupled with SWOT analysis to offer business-related data and pieces of information. Porter's five forces model is analyzed to understand the overall competitive scenario prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development, which influences the company's growth and development to sustain and survive in the long run.
  • The report also focuses on the market-related driving factors, growth limitations (restraints), potential industry opportunities, significant trends, and development which act as a critical potential for the investors.
  • The product's potential growth prospects and the penetration rate analysis of the product (market-related, i.e., global aerospace parts manufacturing market) are covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the aerospace parts manufacturing market was valued at USD 952.4 Billion in 2021 to USD 1391.16 Billion by 2030.

Global Aerospace parts manufacturing market is growing at a CAGR of 4.3% during the forecast period 2022-2030.

The global aerospace parts manufacturing market has been segmented based on type, application, and regions. The insulation components and equipment segment led the market in 2021.

North America region emerged as the largest market for the aerospace parts manufacturing.

The market's growth will be influenced by an increase in rate of aircraft fleet replacement, rising demand for fuel-efficient and lighter aircraft and a rise in the demand for aeronautical pieces of equipment.

Problems caused by price volatility in materials and equipment could hamper the market growth.

The prolonged length of service will provide huge opportunities to the market.

Key players are JAMCO Corp., Rolls Royce plc, Intrex Aerospace, Safran Group, CAMAR Aircraft Parts Company, Woodward Hexcel, Eaton Corporation plc, Engineered Propulsion System, GE Aviation, Aequs, Textron, Inc., MTU Aero Engines AG

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 Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increase in rate of aircraft fleet replacement
          5.2.2. Rising demand for fuel-efficient and lighter aircraft
          5.2.3. A rise in the demand for aeronautical pieces of equipment
    5.3. Restraints
          5.3.1. Problems caused by price volatility in materials and equipment
    5.4. Opportunities
          5.4.1. The prolonged length of service

6. Aerospace parts manufacturing market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Aircraft Manufacturing
    6.3. Engines
    6.4. Avionics
    6.5. Cabin Interiors
    6.6. System and Support
    6.7. Insulation Components and Equipment

7. Aerospace parts manufacturing market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Military Aircraft
    7.3. Commercial Aircraft Business Aircraft
    7.4. Others

8. Aerospace parts manufacturing market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Aerospace parts manufacturing market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Aerospace parts manufacturing market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. JAMCO Corp.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Component Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Rolls Royce plc
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Component Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Intrex Aerospace
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Component Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Safran Group
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Component Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. CAMAR Aircraft Parts Company
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Component Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Woodward Hexcel
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Component Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Eaton Corporation plc
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Component Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Engineered Propulsion System
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Component Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. GE Aviation
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Component Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Aequs
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Component Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Textron, Inc.
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Component Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. MTU Aero Engines AG
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Component Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Superior Aviation Beijing
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Component Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Raytheon Technologies Corp.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Component Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. Honeywell International, Inc
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Component Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
 

List of Table

1. Aerospace parts manufacturing market, By Type, 2019-2030 (USD Billion) 

2. Global Aircraft Manufacturing Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion) 

3. Global Engines, , System and Support, Insulation Components and Equipment Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion) 

4. Global Avionics Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion) 

5. Global Cabin Interiors Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion)

6. Global System and Support Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion)

7. Global Insulation Components and Equipment Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion)

8. Aerospace parts manufacturing market, By Application, 2019-2030 (USD Billion) 

9. Global Military Aircraft Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion) 

10. Global Commercial Aircraft Business Aircraft Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion) 

11. Global Others Aerospace Parts Manufacturing Market, By Region, 2019-2030 (USD Billion)

12. Aerospace parts manufacturing market, By Region, 2019-2030 (USD Billion) 

13. North America Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

14. North America Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

15. U.S. Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

16. U.S. Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

17. Canada Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

18. Canada Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

19. Mexico Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

20. Mexico Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

21. Europe Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

22. Europe Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

23. Germany Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

24. Germany Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

25. France Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

26. France Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

27. U.K. Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

28. U.K. Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

29. Italy Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

30. Italy Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

31. Spain Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

32. Spain Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

33. Asia Pacific Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

34. Asia Pacific Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

35. Japan Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

36. Japan Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

37. China Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

38. China Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

39. India Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

40. India Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

41. South America Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

42. South America Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

43. Brazil Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

44. Brazil Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

45. Middle East and Africa Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

46. Middle East and Africa Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

47. UAE Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

48. UAE Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

49. South Africa Aerospace Parts Manufacturing Market, By Type, 2019-2030 (USD Billion) 

50. South Africa Aerospace Parts Manufacturing Market, By Application, 2019-2030 (USD Billion) 

List of Figures 

1. Aerospace parts manufacturing market Segmentation

2. Aerospace Parts Manufacturing 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. Aerospace parts manufacturing market Attractiveness Analysis By Type

9. Aerospace parts manufacturing market Attractiveness Analysis By Application

10. Aerospace parts manufacturing market Attractiveness Analysis By Region

11. Aerospace parts manufacturing market: Dynamics

12. Aerospace parts manufacturing market Share By Type (2022 & 2030)

13. Aerospace parts manufacturing market Share By Application (2022 & 2030)

14. Aerospace parts manufacturing market Share by Regions (2022 & 2030)

15. Aerospace parts manufacturing 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 aerospace parts manufacturing market based on below mentioned segments:

Global Aerospace parts manufacturing market by Type:

  • Aircraft Manufacturing
  • Engines
  • Avionics
  • Cabin Interiors
  • System and Support
  • Insulation Components and Equipment

Global Aerospace parts manufacturing market by Application:

  • Military Aircraft
  • Commercial Aircraft Business Aircraft
  • Others

Global Aerospace parts manufacturing 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.

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date