Inflight Entertainment (IFE) Market By Aircraft Type, Fit and Product Type- Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 80 Category: Automotive & Transportations Report Code : AT03651
Industry Outlook and Trend Analysis
The Inflight Entertainment (IFE) Market was worth USD 2.48 billion in 2017 and is expected to reach approximately USD 7.91 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.76% during the forecast period. IFE systems are vital value augmentations for aircrafts, essentially on long routes. While IFE systems have been around for quite a while, the advance toward giving in-flight availability is moderately new. These services allow travellers to make the most of their in-flight time through a large group of programs, for example, movies and games, and empower carriers to adequately connect with their travellers and pick up a competitive edge. Factors, for example, the expanding air passenger traffic and innovative headways to goad the development of this market amid the gauge time frame.
Fit Outlook and Trend Analysis
The linefit portion has been seeing solid development over the globe lately; determined by variables, for example, increase in air travel, developing interest for recently fabricated air ship and development in worldwide tourism. Development of the civil sector has brought about an expanding interest for new airplane, which influences the inflight stimulation (IFE) market. The expanding interest for new aircraft is foreseen to boost market development amid the estimate time frame.
Aircraft Type Outlook and Trend Analysis
On the basis of aircraft type, the narrow body air ship portion of the in-flight amusement (IFE) system market is anticipated to develop at the most elevated CAGR amid the gauge time frame. Carriers are supplanting the older narrow body aircraft by presenting most recent aircraft, for example, the A320 Neo and the 737 Max. The mainline carriers are deciding on the cutting edge limit body air ship to serve clients better while additionally enhancing gainfulness through the lower working expense of the aircraft.
Product Type Outlook and Trend Analysis
On the basis of product type, the IFE connectivity & communication fragment of the inflight entertainment (IFE) market is anticipated to develop at the most astounding CAGR in the upcoming years. Airline operators are investigating new avenues to adopt connectivity based applications with managed web access on board the flying machine to take into account the necessities of the travellers.
Regional Outlook and Trend Analysis
The inflight entertainment (IFE) market in the Asia-Pacific district is anticipated to develop at the most elevated CAGR amid the figure time frame. Amid the estimate time frame, the Asia-Pacific district is foreseen to get a high number of airplane deliveries, which is around 33% of the worldwide deliveries. China is anticipated to be the major market in the area inferable from the changes in their controls and strategies, inventive plans of action, and the advancement of aircraft with new technologies.
Competitive Insights
The leading players in the market are Honeywell, Rockwell Collins, Global Eagle Entertainment Inc, Gogo LLC, Thales Group and Zodiac Aerospace. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Inflight Entertainment (IFE) Market is segmented as follows-
By Fit:
- Retrofit
- Linefit
By Aircraft Type:
- Wide Body Aircraft
- Very Large Aircraft
- Narrow Body Aircraft
- Business Jets
By Product Type:
- IFE connectivity & communication
- IFE content
- IFE hardware
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Inflight Entertainment (IFE) Market, By Aircraft Type, Estimates and Forecast, 2014-2023($Billion)
o Narrow Body Aircraft
o Wide Body Aircraft
o Very Large Aircraft
o Business Jets
· Inflight Entertainment (IFE) Market, By Fit, Estimates and Forecast, 2014-2023($Billion)
o Linefit
o Retrofit
· Inflight Entertainment (IFE) Market, By Product Type, Estimates and Forecast, 2014-2023($Billion)
o IFE hardware
o IFE connectivity & communication
o IFE content
· Inflight Entertainment (IFE) Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Inflight Entertainment (IFE) Market, By Country
§ North America Inflight Entertainment (IFE) Market, By Aircraft Type
§ North America Inflight Entertainment (IFE) Market, By Fit
§ North America Inflight Entertainment (IFE) Market, By Product Type
o U.S. Inflight Entertainment (IFE) Market, By Aircraft Type
o U.S. Inflight Entertainment (IFE) Market, By Fit
o U.S. Inflight Entertainment (IFE) Market, By Product Type
o Canada Inflight Entertainment (IFE) Market, By Aircraft Type
o Canada Inflight Entertainment (IFE) Market, By Fit
o Canada Inflight Entertainment (IFE) Market, By Product Type
o Mexico Inflight Entertainment (IFE) Market, By Aircraft Type
o Mexico Inflight Entertainment (IFE) Market, By Fit
o Mexico Inflight Entertainment (IFE) Market, By Product Type
o Europe
§ Europe Inflight Entertainment (IFE) Market, By Country
§ Europe Inflight Entertainment (IFE) Market, By Aircraft Type
§ Europe Inflight Entertainment (IFE) Market, By Fit
§ Europe Inflight Entertainment (IFE) Market, By Product Type
o Germany Inflight Entertainment (IFE) Market, By Aircraft Type
o Germany Inflight Entertainment (IFE) Market, By Fit
o Germany Inflight Entertainment (IFE) Market, By Product Type
o France Inflight Entertainment (IFE) Market, By Aircraft Type
o France Inflight Entertainment (IFE) Market, By Fit
o France Inflight Entertainment (IFE) Market, By Product Type
o UK Inflight Entertainment (IFE) Market, By Aircraft Type
o UK Inflight Entertainment (IFE) Market, By Fit
o UK Inflight Entertainment (IFE) Market, By Product Type
o Italy Inflight Entertainment (IFE) Market, By Aircraft Type
o Italy Inflight Entertainment (IFE) Market, By Fit
o Italy Inflight Entertainment (IFE) Market, By Product Type
o Spain Inflight Entertainment (IFE) Market, By Aircraft Type
o Spain Inflight Entertainment (IFE) Market, By Fit
o Spain Inflight Entertainment (IFE) Market, By Product Type
o Rest of Europe Inflight Entertainment (IFE) Market, By Aircraft Type
o Rest of Europe Inflight Entertainment (IFE) Market, By Fit
o Rest of Europe Inflight Entertainment (IFE) Market, By Product Type
o Asia-Pacific
§ Asia-Pacific Inflight Entertainment (IFE) Market, By Country
§ Asia-Pacific Inflight Entertainment (IFE) Market, By Aircraft Type
§ Asia-Pacific Inflight Entertainment (IFE) Market, By Fit
§ Asia-Pacific Inflight Entertainment (IFE) Market, By Product Type
o Japan Inflight Entertainment (IFE) Market, By Aircraft Type
o Japan Inflight Entertainment (IFE) Market, By Fit
o Japan Inflight Entertainment (IFE) Market, By Product Type
o Australia Inflight Entertainment (IFE) Market, By Aircraft Type
o Australia Inflight Entertainment (IFE) Market, By Fit
o Australia Inflight Entertainment (IFE) Market, By Product Type
o India Inflight Entertainment (IFE) Market, By Aircraft Type
o India Inflight Entertainment (IFE) Market, By Fit
o India Inflight Entertainment (IFE) Market, By Product Type
o South Korea Inflight Entertainment (IFE) Market, By Aircraft Type
o South Korea Inflight Entertainment (IFE) Market, By Fit
o South Korea Inflight Entertainment (IFE) Market, By Product Type
o Rest of Asia-Pacific Inflight Entertainment (IFE) Market, By Aircraft Type
o Rest of Asia-Pacific Inflight Entertainment (IFE) Market, By Fit
o Rest of Asia-Pacific Inflight Entertainment (IFE) Market, By Product Type
o Rest of the World
§ Rest of the World Inflight Entertainment (IFE) Market, By Country
§ Rest of the World Inflight Entertainment (IFE) Market, By Aircraft Type
§ Rest of the World Inflight Entertainment (IFE) Market, By Fit
§ Rest of the World Inflight Entertainment (IFE) Market, By Product Type
o Brazil Inflight Entertainment (IFE) Market, By Aircraft Type
o Brazil Inflight Entertainment (IFE) Market, By Fit
o Brazil Inflight Entertainment (IFE) Market, By Product Type
o South Africa Inflight Entertainment (IFE) Market, By Aircraft Type
o South Africa Inflight Entertainment (IFE) Market, By Fit
o South Africa Inflight Entertainment (IFE) Market, By Product Type
o Saudi Arabia Inflight Entertainment (IFE) Market, By Aircraft Type
o Saudi Arabia Inflight Entertainment (IFE) Market, By Fit
o Saudi Arabia Inflight Entertainment (IFE) Market, By Product Type
o Turkey Inflight Entertainment (IFE) Market, By Aircraft Type
o Turkey Inflight Entertainment (IFE) Market, By Fit
o Turkey Inflight Entertainment (IFE) Market, By Product Type
o United Arab Emirates Inflight Entertainment (IFE) Market, By Aircraft Type
o United Arab Emirates Inflight Entertainment (IFE) Market, By Fit
o United Arab Emirates Inflight Entertainment (IFE) Market, By Product Type
o Others Inflight Entertainment (IFE) Market, By Aircraft Type
o Others Inflight Entertainment (IFE) Market, By Fit
o Others Inflight Entertainment (IFE) Market, By Product Type
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Enhancing Passenger Experience
3.2.1.2. New Technology Development
3.2.2. Restraints
3.2.2.1. Increase Overall Weight of Aircraft
3.2.2.2. Regulatory Framework & Certification
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
4. Inflight Entertainment (IFE) Market, By Aircraft Type
4.1. Introduction
4.2. Global Inflight Entertainment (IFE) Sales, Revenue and Market Share by Aircraft Type (2017-2017)
4.2.1. Global Inflight Entertainment (IFE) Sales and Sales Share by Aircraft Type (2017-2017)
4.2.2. Global Inflight Entertainment (IFE) Revenue and Revenue Share by Aircraft Type (2017-2017)
4.3. Inflight Entertainment (IFE) Market Assessment and Forecast, By Aircraft Type, 2017-2023
4.4. Narrow Body Aircraft
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
4.5. Wide Body Aircraft
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
4.6. Very Large Aircraft
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
4.7. Business Jets
4.7.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5. Inflight Entertainment (IFE) Market, By Fit
5.1. Introduction
5.2. Global Inflight Entertainment (IFE) Sales, Revenue and Market Share by Fit (2017-2017)
5.2.1. Global Inflight Entertainment (IFE) Sales and Sales Share by Fit (2017-2017)
5.2.2. Global Inflight Entertainment (IFE) Revenue and Revenue Share by Fit (2017-2017)
5.3. Inflight Entertainment (IFE) Market Assessment and Forecast, By Fit, 2017-2023
5.4. Linefit
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
5.5. Retrofit
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6. Inflight Entertainment (IFE) Market, By Product Type
6.1. Introduction
6.2. Global Inflight Entertainment (IFE) Sales, Revenue and Market Share by Product Type (2017-2017)
6.2.1. Global Inflight Entertainment (IFE) Sales and Sales Share by Product Type (2017-2017)
6.2.2. Global Inflight Entertainment (IFE) Revenue and Revenue Share by Product Type (2017-2017)
6.3. Inflight Entertainment (IFE) Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
6.4. IFE hardware
6.4.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6.5. IFE connectivity & communication
6.5.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
6.6. IFE content
6.6.1. Market Assessment and Forecast, By Region, 2017-2023($Billion)
7. Inflight Entertainment (IFE) Market, By Region
7.1. Introduction
7.2. Inflight Entertainment (IFE) Market Assessment and Forecast, By Region, 2017-2023($Billion)
7.3. Global Inflight Entertainment (IFE) Sales, Revenue and Market Share by Regions
7.3.1. Global Inflight Entertainment (IFE) Sales by Regions (2017-2017)
7.3.2. Global Inflight Entertainment (IFE) Revenue by Regions (2017-2017)
7.4. North America
7.4.1. North America Inflight Entertainment (IFE) Sales and Growth Rate (2017-2017)
7.4.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
7.4.3. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.4.4. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.4.5. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.4.6. U.S.
7.4.6.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.4.6.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.4.6.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.4.7. Canada
7.4.7.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.4.7.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.4.7.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.4.8. Mexico
7.4.8.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.4.8.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.4.8.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5. Europe
7.5.1. Europe Inflight Entertainment (IFE) Sales and Growth Rate (2017-2017)
7.5.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
7.5.3. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.4. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.5. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.6. Germany
7.5.6.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.6.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.6.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.7. France
7.5.7.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.7.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.7.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.8. UK
7.5.8.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.8.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.8.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.9. Italy
7.5.9.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.9.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.9.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.10. Spain
7.5.10.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.10.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.10.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
7.5.11. Rest of Europe
7.5.11.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
7.5.11.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
7.5.11.3. Market Assessment and Forecast, By Product Type, 2017-2023($Billion)
8. Asia-Pacific
8.1.1. Asia-Pacific Inflight Entertainment (IFE) Sales and Growth Rate (2017-2017)
8.1.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
8.1.3. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.4. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.5. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.5.1. Japan
8.1.5.2. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.5.3. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.5.4. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.6. China
8.1.6.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.6.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.6.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.7. Australia
8.1.7.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.7.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.7.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.8. India
8.1.8.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.8.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.8.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.9. South Korea
8.1.9.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.9.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.9.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
8.1.10. Rest of Asia-Pacific
8.1.10.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
8.1.10.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
8.1.10.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9. Rest of the World
9.1.1. Rest of the World Inflight Entertainment (IFE) Sales and Growth Rate (2017-2017)
9.1.2. Market Assessment and Forecast, By Country, 2017-2023($Billion)
9.1.3. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.4. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.5. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.6. Brazil
9.1.6.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.6.2. Market Assessment and Forecast, By Aircraft Type , 2017-2023($Billion)
9.1.6.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.7. Turkey
9.1.7.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.7.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
9.1.7.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.8. Saudi Arabia
9.1.8.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.8.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
9.1.8.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.9. South Africa
9.1.9.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.9.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
9.1.9.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.10. United Arab Emirates
9.1.10.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.10.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
9.1.10.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
9.1.11. Others
9.1.11.1. Market Assessment and Forecast, By Fit, 2017-2023($Billion)
9.1.11.2. Market Assessment and Forecast, By Aircraft Type, 2017-2023($Billion)
9.1.11.3. Market Assessment and Forecast, By Product Type,2017-2023($Billion)
10. Company Profiles
10.1. Gogo LLC
10.1.1. Business Overview
10.1.2. Product Portfolio
10.1.3. Strategic Developments
10.1.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.2. Zodiac Aerospace
10.2.1. Business Overview
10.2.2. Product Portfolio
10.2.3. Strategic Developments
10.2.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.3. Thales Group
10.3.1. Business Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.3.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.4. Honeywell International Inc.
10.4.1. Business Overview
10.4.2. Product Portfolio
10.4.3. Strategic Developments
10.4.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.5. Rockwell Collins, Inc.
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.5.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.6. Global Eagle Entertainment, Inc.
10.6.1. Business Overview
10.6.2. Product Portfolio
10.6.3. Strategic Developments
10.6.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.7. Lufthansa Systems GmbH & Co. Kg
10.7.1. Business Overview
10.7.2. Product Portfolio
10.7.3. Strategic Developments
10.7.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.8. Panasonic Avionics Corporation
10.8.1. Business Overview
10.8.2. Product Portfolio
10.8.3. Strategic Developments
10.8.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.9. Viasat Inc.
10.9.1. Business Overview
10.9.2. Product Portfolio
10.9.3. Strategic Developments
10.9.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
10.10.Digecor, Inc.
10.10.1. Business Overview
10.10.2. Product Portfolio
10.10.3. Strategic Developments
10.10.4. Inflight Entertainment (IFE) Sales, Revenue and Market Share
11. Global Inflight Entertainment (IFE) Market Competition, by Manufacturer
11.1. Global Inflight Entertainment (IFE) Sales and Market Share by Manufacturer (2017-2017)
11.2. Global Inflight Entertainment (IFE) Revenue and Market Share by Manufacturer (2017-2017)
11.3. Top 5 Inflight Entertainment (IFE) Manufacturer Market Share
11.4. Market Competition Trend
List of Tables and Figures
You can glance through the list of Tables and Figures when you view the sample copy of Inflight Entertainment (IFE) Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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