Aircraft Landing Gear Repair and Overhaul Market

Aircraft Landing Gear Repair and Overhaul Market Size by Type (Fixed-Wing and Rotary-Wing), Application (Commercial and Military), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-13070
  • Published Date: Nov, 2022
  • Pages: 236
  • Category: Aerospace & Defence
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global aircraft landing gear repair and overhaul market was valued at USD 4.30 billion in 2022, increasing at a CAGR of 3.85% from 2022 to 2030 and is anticipated to reach USD 5.82 billion by 2030. Asia-Pacific is expected to grow the fastest during the forecast period. The Aircraft Landing Gear Repair and Overhaul industry was negatively affected by the COVID-19 epidemic. The aviation sector was drastically impacted due to the spread of coronavirus as the number of global passengers decreased significantly in 2020. More than 4.5 billion passengers travelled globally before the pandemic started, and then the number fell to around 1.8 billion after the beginning of the virus spread.

Market Introduction:

The landing gear is the undercarriage of the spacecraft or aircraft, which has its application in take-off or landing. For aircraft it is commonly used for both landing and aircraft.  The aircraft landing gear repair and overhaul market is growing due to commercial airlines and air traffic surges. The surge in demand for air travel has led to an increase in the number of commercial airlines. This propels the growth of the market. Also, there is an increase in air traffic, fueling the market's growth.  The aviation sector is growing and is directly connected to the economy's growth as it offers several opportunities for trade and commerce. The aviation sector also helps tourism by offering air transport facilities to tourist destinations. The landing gear helps the aircraft when it is not flying. It also helps in landing, taking off, and taxiing without damage. For instance, the wheeled landing gear skids or floats when operated from ice, snow or water and skids for vertical operation on land. More rapid aircraft have retractable undercarriages, which get folded during flight to decrease the drag. Hence, the undercarriage is known as the aeroplane landing gear, considered an integral component of an aircraft that offers a ground or water-based interface for the aircraft when not in flight. The aeroplane landing gear is exclusively designed to help the aircraft land, take off and taxi. 

Aircraft Landing Gear Repair And Overhaul Market Size

Get an overview of this study by requesting a free sample

Recent Development

For example, in October 2015, ST Engineering, a Singapore-based multinational defence and aerospace corporation, completed the acquisition of the aircraft repair company, S-PRO. The acquisition helped fulfil the company’s strategy of making its Singapore base the centre-of-excellence for landing gear repair, maintenance and overhaul.

For example, in February 2015, AV8 MRO LLC acquired Duncan Aviation’s Hawker Landing gear inventory which helped them increase their parts inventory and thus offer high-quality landing gear exchange and overhaul options to Duncan Aviation and their customers. This increased the customer base for AV8 MRO LLC. 

Market Dynamics:

Drivers:

The surge in commercial flights: After a sharp decline due to the pandemic, there is a surge in commercial flights. For instance, based on one of the studies, commercial aviation in August 2022 in the EU increased by 25% compared to August 2021. The number is yet below the pre-pandemic levels, but the void is shrinking. The number of commercial aviation recorded in August 2022 was 596,930 compared to 478,996 in August 2021. It was 324,538 in August 2020 and 695,912 in August 2019. Moreover, some EU airports observed an upsurge in the total commercial flights compared to 2019. All these factors are eventually driving the aircraft landing gear repair and overhaul market.

The surge in the defense budget: The growing defence budget is also driving the market; for instance, amid the ongoing tensions on the border with China, the Defence Acquisition Council (DAC) of India approved deals worth around USD 5.3 Billion. This deal includes the procurement of 21 MiG-29 fighter jets for the Indian Air Force, the up-gradation of 59 of them, and the acquirement of 12 Su-30 MKI aircraft. Moreover, the US has also encouraged members of NATO countries to increase their military spending to 2% of their respective GDPs. France announced that the defence spending would increase by 40% in the next six years, targeting to meet the NATO objective of 2% of the GDP in the defence sector. All these factors, in turn, are also driving the aircraft landing gear repair and overhaul market in defence.

Restraints:

Shortage of skilled personnel: The shortage of skilled personnel is acting act as crucial restraint for the market. This sector is experiencing a shortage of technicians, and as the current unemployment rate is so low, the micro-industry demand is being worst. The landing gear overhaul needs specific expertise. For instance, Czech Airlines Technics has experience of around 18 years in landing gear maintenance, but there is still a shortage of qualified technical staff, especially in the last few years. This acts as a restraint for the market.

Opportunities:

Surge in aircraft deliveries: The surge in aircraft deliveries would also propel the market in the near future. For instance, based on one of the studies, the order backlog for commercial aircraft is estimated to be at its height, standing at more than 14,000 orders. About 38,000 aircraft are anticipated to be produced globally in the next two decades. Also, there is an expansion in the aviation industry taking place. Air traffic is also increasing due to a surge in demand for air travel. In emerging economies, there is a surge in the disposable income of the people, and hence now they can afford air travel. All these factors would fuel the aircraft landing gear repair and overhaul market in the forecasting period.

Challenges:

Old aircraft getting retired: Recent data from June 2022 shows that around 16,000 commercial passengers and cargo aircraft have retired in the last 35 years. Similarly, around 700 jets complete their life span every year. These factors eventually challenge the aircraft landing gear repair and overhaul market.

Segmentation analysis:

Regional segmentation analysis:

The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest market for the global aircraft landing gear repair and overhaul market, with a 37.88% share of the market revenue in 2022. North America dominates the aircraft landing gear repair and overhaul market as the aviation and aerospace sector of the US is growing swiftly, creating the demand for aircraft gearboxes. The leading aircraft manufacturers are present in the region. The airlines prefer organizations which have solely dedicated to gear overhauls. It has been observed that overhauling and repairing gears need high investment in equipment and people, which need to be properly managed to get high efficiencies and produce an acceptable return on the investment. The Asia Pacific is expected to grow the fastest during the forecast period due to surge in the spending in the military aviation. The emerging economy like India and China provide huge opportunity to the market as the aviation sector is expanding and thus require maintenance.

North America Region Aircraft Landing Gear Repair and Overhaul Market Share in 2022 - 37.88%

 

www.thebrainyinsights.com

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

Type segment analysis

The type segment is divided into fixed-wing and rotary-wing. The fixed-wing segment dominated, with a market share of around 69.36% in 2022. The aeroplane landing gear takes the total weight of the aircraft. Retraction mechanisms, brakes, shock-absorbing equipment, controls, warning devices, fairings, cowlings and structural members are landing gear types which are also considered landing gear components within a configuration. For maintenance, all the landing gear parts are treated equally. The degree of the rework could change for the same aircraft type, even if it is within a single operator. For instance, the aircraft operating in severe conditions would suffer more degradation than other aircraft operating in dry climates.

Application segment analysis

The application segment is divided into commercial and military. In 2022, the commercial segment dominated the market with the largest market share of 72.18% and market revenue of 3.10 billion. This growth is attributed to the growing commercial aviation sector, especially in emerging economies. The landing gear overhaul is considered a complex business, and hence, special departments are needed to cope with the complexity.

Some of the Key Market Players:

  • AAR Corp
  • Delta TechOps (Subsidiary of Delta Air Lines)
  • FL Technics (Subsidiary of Avia Solutions Group)
  • Lufthansa Technik AG (Subsidiary of Lufthansa Group)
  • Safran S.A
  • ST Engineering
  • Hong Kong Aircraft Engineering Company Limited (Subsidiary of A Swire Group Company)
  • RUAG Group
  • Turkish Technic Inc. (Subsidiary of Turkish Airlines)
  • AFI KLM E&M (Subsidiary of Air France–KLM Group)

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 4.30 Billion
Market size value in 2030 USD 5.82 Billion
CAGR (2022 to 2030) 3.85%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments Key Segments are type, application and regions
Regional Segments The key regions are South America, North America, Europe, Asia Pacific, and Middle East & Africa.

Frequesntly Asked Questions

North America region emerged as the largest market for the aircraft landing gear repair and overhaul.

The market's growth will be influenced by the surge in the commercial flights and defence budgets.

Surge in the aircraft deliveries will provide huge opportunities to the 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 Application
          4.3.2. Market Attractiveness Analysis By Type
          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. The surge in the commercial flights
          5.2.2. Growing defence budget
    5.3. Restraints
          5.3.1. Shortage of skilled personnel
    5.4. Opportunities
          5.4.1. Surge in aircraft deliveries
    5.5. Challenges
          5.5.1. Old aircraft getting retired

6. Global Aircraft Landing Gear Repair and Overhaul Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Commercial
    6.3. Military

7. Global Aircraft Landing Gear Repair and Overhaul Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Fixed-wing
    7.3. Rotary-wing

8. Global Aircraft Landing Gear Repair and Overhaul 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. Global Aircraft Landing Gear Repair and Overhaul Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Aircraft Landing Gear Repair and Overhaul 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. AAR Corp
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Delta TechOps (Subsidiary of Delta Air Lines)
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. FL Technics (Subsidiary of Avia Solutions Group)
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Lufthansa Technik AG (Subsidiary of Lufthansa Group)
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Safran S.A
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. ST Engineering
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Hong Kong Aircraft Engineering Company Limited (Subsidiary of A Swire Group Company)
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. RUAG Group
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Turkish Technic Inc. (Subsidiary of Turkish Airlines)
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. AFI KLM E&M (Subsidiary of Air France–KLM Group)
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis

List of Table

1. Global Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

2. Global Commercial, Aircraft Landing Gear Repair and Overhaul Market, By Region, 2019-2030 (USD Billion) 

3. Global Military, Aircraft Landing Gear Repair and Overhaul Market, By Region, 2019-2030 (USD Billion) 

4. Global Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion) 

5. Global Fixed-Wing, Aircraft Landing Gear Repair and Overhaul Market, By Region, 2019-2030 (USD Billion) 

6. Global Rotary-Wing, Aircraft Landing Gear Repair and Overhaul Market, By Region, 2019-2030 (USD Billion) 

7. North America Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

8. North America Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

9. U.S. Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

10. U.S. Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

11. Canada Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

12. Canada Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

13. Mexico Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

14. Mexico Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

15. Europe Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

16. Europe Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

17. Germany Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

18. Germany Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

19. France Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

20. France Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

21. U.K. Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

22. U.K. Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

23. Italy Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

24. Italy Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

25. Spain Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

26. Spain Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

27. Asia Pacific Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

28. Asia Pacific Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

29. Japan Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

30. Japan Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

31. China Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

32. China Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

33. India Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

34. India Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

35. South America Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

36. South America Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

37. Brazil Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

38. Brazil Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

39. Middle East and Africa Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

40. Middle East and Africa Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

41. UAE Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

42. UAE Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

43. South Africa Aircraft Landing Gear Repair and Overhaul Market, By Application, 2019-2030 (USD Billion)

44. South Africa Aircraft Landing Gear Repair and Overhaul Market, By Type, 2019-2030 (USD Billion)

List of Figures 

1. Global Aircraft Landing Gear Repair and Overhaul Market Segmentation

2. Global Aircraft Landing Gear Repair and Overhaul 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 Aircraft Landing Gear Repair and Overhaul Market Attractiveness Analysis By Application  

9. Global Aircraft Landing Gear Repair and Overhaul Market Attractiveness Analysis By Type 

10. Global Aircraft Landing Gear Repair and Overhaul Market Attractiveness Analysis By Region

11. Global Aircraft Landing Gear Repair and Overhaul Market: Dynamics

12. Global Aircraft Landing Gear Repair and Overhaul Market Share By Application (2022 & 2030)

13. Global Aircraft Landing Gear Repair and Overhaul Market Share By Type (2022 & 2030)

14. Global Aircraft Landing Gear Repair and Overhaul Market Share By Regions (2022 & 2030)

15. Global Aircraft Landing Gear Repair and Overhaul 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 aircraft landing gear repair and overhaul market based on below mentioned segments:

Global Aircraft Landing Gear Repair and Overhaul Market by Type:

  • Fixed-wing
  • Rotary-wing

Global Aircraft Landing Gear Repair and Overhaul Market by Application:

  • Commercial
  • Military

Global Aircraft Landing Gear Repair and Overhaul 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