Key Insights
The Asia-Pacific satellite manufacturing market is projected to reach $3.79 billion by 2025, with an anticipated compound annual growth rate (CAGR) of 31% from 2025 to 2033. This significant expansion is propelled by escalating government investments in space exploration and defense programs across key nations, alongside burgeoning demand from the commercial sector for advanced communication, Earth observation, and navigation satellites. The increasing adoption of miniaturized satellites for IoT and Earth observation applications is also a key driver of innovation and market segmentation. While advancements in electric propulsion offer enhanced efficiency and cost-effectiveness, regulatory complexities and high initial investment costs present ongoing challenges. The market is segmented by satellite mass, orbit class, end-user, satellite subsystem, propulsion technology, and country. Leading entities such as CASC, ISRO, and JAXA, alongside numerous emerging private enterprises, solidify the region's prominence.
Asia-Pacific Satellite Manufacturing Market Market Size (In Billion)
The competitive arena is characterized by intense rivalry between established aerospace corporations and agile startups. Nations like China and India are prioritizing domestic manufacturing capabilities, further stimulating regional expansion. Future market dynamics will be shaped by technological breakthroughs, supportive governmental policies, and the continuous growth of commercial satellite applications. A focus on sustainable space practices and reusable launch vehicle development will also be pivotal. Sustained investment in research and development, particularly in miniaturization and electric propulsion, is essential for sustaining the projected CAGR and fostering ongoing innovation.
Asia-Pacific Satellite Manufacturing Market Company Market Share
This comprehensive report analyzes the Asia-Pacific satellite manufacturing market, detailing market size, growth catalysts, key stakeholders, and future trajectories. The analysis covers the period from 2019 to 2033, with 2025 designated as the base and estimation year. It provides strategic insights for industry participants, investors, and businesses operating within this evolving sector.
Asia-Pacific Satellite Manufacturing Market Market Concentration & Innovation
The Asia-Pacific satellite manufacturing market exhibits a moderately concentrated landscape, with a few dominant players and a growing number of smaller, innovative companies. Market share is largely determined by technological capabilities, production scale, and government support. China and Japan are currently the leading countries, owing to established space programs and strong government backing. However, other nations like India and South Korea are rapidly emerging as key players, fueled by increasing investments in space exploration and commercial applications.
Innovation Drivers:
- Advancements in miniaturization and cost reduction of satellite components.
- Growing demand for small satellites (e.g., CubeSats) for diverse applications.
- Development of advanced propulsion systems (electric, hybrid) for enhanced satellite maneuverability.
- Increased adoption of NewSpace technologies and business models.
Regulatory Frameworks:
National space agencies and regulatory bodies play a significant role, influencing market dynamics through licensing, spectrum allocation, and export controls. The evolving regulatory landscape affects market access and investment decisions.
Product Substitutes:
While satellites remain the primary technology for numerous applications, terrestrial and aerial alternatives compete in certain segments. The relative cost-effectiveness and performance of these substitutes influence market growth.
End-User Trends:
The increasing demand from commercial sectors (e.g., telecommunications, Earth observation) is driving market expansion. Government and military applications remain crucial, particularly in nations with established space programs.
M&A Activities:
Recent mergers and acquisitions (M&A) activity reflects industry consolidation and efforts to enhance technological capabilities and market reach. For example, the USD 6.4 billion acquisition of Maxar Technologies by Advent International signifies a significant shift in the market dynamics. The combined enterprise value of such deals in the past five years is estimated at xx Million.
Asia-Pacific Satellite Manufacturing Market Industry Trends & Insights
The Asia-Pacific satellite manufacturing market is experiencing robust growth, driven by technological advancements, increasing government investments, and the rising demand for satellite-based services across various sectors. The market is projected to achieve a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033), with market penetration expected to reach xx% by 2033.
Market growth is further fueled by the increasing adoption of small satellites, which are more cost-effective and easier to deploy than larger satellites. This trend allows for more frequent launches and better data coverage. The demand for high-resolution Earth observation satellites for agriculture, urban planning, and disaster management is also a major driving force. However, challenges such as the high initial investment cost, complex manufacturing processes, and dependence on launch capabilities can hinder growth. The market dynamics are highly influenced by government policies, technological innovations, and international collaborations. Competitive dynamics are shaped by the varying strengths of companies in different segments of the satellite value chain.
Dominant Markets & Segments in Asia-Pacific Satellite Manufacturing Market
Leading Regions/Countries:
China and Japan currently dominate the Asia-Pacific satellite manufacturing market due to their mature space programs, significant government funding, and established industrial bases. India is rapidly emerging as a key player, driven by its ambitious space exploration initiatives and increasing private sector participation.
Dominant Segments:
- Satellite Mass: The 100-500kg segment currently holds the largest market share, followed by the 10-100kg segment due to the increasing adoption of smallsats. The above 1000kg segment caters to specific high-capacity needs but represents a smaller market segment.
- Orbit Class: LEO (Low Earth Orbit) satellites are witnessing the highest growth, driven by increased demand for Earth observation and communication applications. GEO (Geostationary Earth Orbit) satellites still maintain a significant market share for broadcasting and navigation.
- End User: The commercial sector is the fastest-growing end-user segment, fuelled by increased demand for telecommunications, Earth observation, and other applications. Military and government applications remain significant, particularly in countries with established space capabilities.
- Satellite Subsystem: Satellite Bus & Subsystems are currently the dominant segment, encompassing critical elements for satellite operation. However, demand for advanced Propulsion Hardware and Propellant is also increasing, as are demands for more sustainable options.
- Propulsion Tech: Electric propulsion is gaining traction due to its higher efficiency and cost-effectiveness, although Gas-based propulsion still dominates due to technological maturity and reliability.
- Application: Earth Observation and Communication are the dominant application segments, with significant growth potential across various sub-sectors, including navigation and space observation.
Key Drivers (by region):
- China: Strong government support, advanced manufacturing capabilities, and a large domestic market.
- Japan: Established space program, advanced technology, and collaborations with international partners.
- India: Ambitious space exploration program, increasing private sector participation, and cost-competitive manufacturing capabilities.
Asia-Pacific Satellite Manufacturing Market Product Developments
Recent advancements in satellite manufacturing include miniaturization, improved power systems (e.g., high-efficiency solar arrays), and the development of more efficient and reliable propulsion technologies. These innovations are driving down costs, enabling the development of more compact and capable satellites, and expanding the range of possible applications. The integration of advanced sensor technologies and AI/ML capabilities is enhancing data collection and analysis capabilities, significantly impacting the value proposition of satellite-based services. Competition is driven by product differentiation, cost reduction, and improved performance parameters.
Report Scope & Segmentation Analysis
This report comprehensively segments the Asia-Pacific satellite manufacturing market based on satellite mass (Below 10 Kg, 10-100kg, 100-500kg, 500-1000kg, above 1000kg), orbit class (LEO, MEO, GEO), end-user (Commercial, Military & Government, Other), satellite subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms), propulsion technology (Electric, Gas based, Liquid Fuel), country (Australia, China, India, Japan, New Zealand, Singapore, South Korea), and application (Communication, Earth Observation, Navigation, Space Observation, Others). Growth projections and market sizes are provided for each segment, along with an analysis of competitive dynamics.
Key Drivers of Asia-Pacific Satellite Manufacturing Market Growth
Several factors are driving growth in the Asia-Pacific satellite manufacturing market, including:
- Technological advancements: Miniaturization, improved propulsion systems, and advanced sensors are lowering costs and expanding applications.
- Government initiatives: Significant investments in space exploration programs across several countries in the region.
- Increased commercial demand: Growing need for satellite-based communication, Earth observation, and navigation services.
- NewSpace companies: The emergence of numerous innovative startups is driving competition and fostering innovation.
Challenges in the Asia-Pacific Satellite Manufacturing Market Sector
The market faces several challenges, including:
- High initial investment costs: Significant capital is required for satellite development, manufacturing, and launch.
- Complex regulatory environment: Navigating various national and international regulations can be challenging.
- Supply chain complexities: Ensuring a reliable and secure supply chain for critical components.
- Intense competition: Established players and new entrants compete for market share. This includes not only domestic, but also international competition.
Emerging Opportunities in Asia-Pacific Satellite Manufacturing Market
Emerging opportunities include:
- Growth of the smallsat market: The increasing demand for cost-effective and easily deployable satellites.
- Development of advanced satellite technologies: Focus on improved payload capabilities, AI integration, and enhanced sustainability features.
- Expansion into new applications: Exploring new markets for satellite-based services, such as precision agriculture, environmental monitoring, and disaster response.
- Increased public-private partnerships: Collaboration between government agencies and private companies to accelerate innovation and deployment.
Leading Players in the Asia-Pacific Satellite Manufacturing Market Market
- MinoSpace Technology
- Mitsubishi Heavy Industries
- Axelspace Corporation
- Japan Aerospace Exploration Agency (JAXA)
- Zhuhai Orbita Control Engineering
- China Aerospace Science and Technology Corporation (CASC)
- Maxar Technologies Inc
- Chang Guang Satellite Technology Co Ltd
- Spacety Aerospace Co
- Indian Space Research Organisation (ISRO)
- Guodian Gaoke
Key Developments in Asia-Pacific Satellite Manufacturing Market Industry
- November 2022: EchoStar Corporation announced a revised agreement with Maxar Technologies to manufacture the EchoStar XXIV satellite (JUPITER™ 3).
- December 2022: Maxar Technologies entered into a definitive merger agreement to be acquired by Advent International for approximately USD 6.4 billion.
- January 2023: Minospace Technology Co. Ltd announced that it had closed a Pre-B funding round of approximately USD 47 million (in August 2021) and plans to scale its mass production capacity for 500 kg class satellites.
Strategic Outlook for Asia-Pacific Satellite Manufacturing Market Market
The Asia-Pacific satellite manufacturing market is poised for continued growth, driven by technological advancements, rising demand for satellite-based services, and significant government support. The increasing adoption of small satellites, along with the development of advanced propulsion systems and sensor technologies, will further fuel market expansion. Strategic partnerships and collaborations between government agencies, private companies, and international organizations will play a vital role in shaping the future of the industry. The market presents significant opportunities for established players and new entrants alike, particularly in segments such as Earth observation, communication, and navigation.
Asia-Pacific Satellite Manufacturing Market Segmentation
-
1. Application
- 1.1. Communication
- 1.2. Earth Observation
- 1.3. Navigation
- 1.4. Space Observation
- 1.5. Others
-
2. Satellite Mass
- 2.1. 10-100kg
- 2.2. 100-500kg
- 2.3. 500-1000kg
- 2.4. Below 10 Kg
- 2.5. above 1000kg
-
3. Orbit Class
- 3.1. GEO
- 3.2. LEO
- 3.3. MEO
-
4. End User
- 4.1. Commercial
- 4.2. Military & Government
- 4.3. Other
-
5. Satellite Subsystem
- 5.1. Propulsion Hardware and Propellant
- 5.2. Satellite Bus & Subsystems
- 5.3. Solar Array & Power Hardware
- 5.4. Structures, Harness & Mechanisms
-
6. Propulsion Tech
- 6.1. Electric
- 6.2. Gas based
- 6.3. Liquid Fuel
Asia-Pacific Satellite Manufacturing Market Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. Japan
- 1.3. South Korea
- 1.4. India
- 1.5. Australia
- 1.6. New Zealand
- 1.7. Indonesia
- 1.8. Malaysia
- 1.9. Singapore
- 1.10. Thailand
- 1.11. Vietnam
- 1.12. Philippines
Asia-Pacific Satellite Manufacturing Market Regional Market Share
Geographic Coverage of Asia-Pacific Satellite Manufacturing Market
Asia-Pacific Satellite Manufacturing Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 31% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia-Pacific Satellite Manufacturing Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Communication
- 5.1.2. Earth Observation
- 5.1.3. Navigation
- 5.1.4. Space Observation
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by Satellite Mass
- 5.2.1. 10-100kg
- 5.2.2. 100-500kg
- 5.2.3. 500-1000kg
- 5.2.4. Below 10 Kg
- 5.2.5. above 1000kg
- 5.3. Market Analysis, Insights and Forecast - by Orbit Class
- 5.3.1. GEO
- 5.3.2. LEO
- 5.3.3. MEO
- 5.4. Market Analysis, Insights and Forecast - by End User
- 5.4.1. Commercial
- 5.4.2. Military & Government
- 5.4.3. Other
- 5.5. Market Analysis, Insights and Forecast - by Satellite Subsystem
- 5.5.1. Propulsion Hardware and Propellant
- 5.5.2. Satellite Bus & Subsystems
- 5.5.3. Solar Array & Power Hardware
- 5.5.4. Structures, Harness & Mechanisms
- 5.6. Market Analysis, Insights and Forecast - by Propulsion Tech
- 5.6.1. Electric
- 5.6.2. Gas based
- 5.6.3. Liquid Fuel
- 5.7. Market Analysis, Insights and Forecast - by Region
- 5.7.1. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 MinoSpace Technology
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Mitsubishi Heavy Industries
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Axelspace Corporation
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Japan Aerospace Exploration Agency (JAXA)
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Zhuhai Orbita Control Engineerin
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 China Aerospace Science and Technology Corporation (CASC)
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Maxar Technologies Inc
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Chang Guang Satellite Technology Co Ltd
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Spacety Aerospace Co
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Indian Space Research Organisation (ISRO)
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 Guodian Gaoke
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.1 MinoSpace Technology
List of Figures
- Figure 1: Asia-Pacific Satellite Manufacturing Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Asia-Pacific Satellite Manufacturing Market Share (%) by Company 2025
List of Tables
- Table 1: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Application 2020 & 2033
- Table 2: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Satellite Mass 2020 & 2033
- Table 3: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Orbit Class 2020 & 2033
- Table 4: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by End User 2020 & 2033
- Table 5: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Satellite Subsystem 2020 & 2033
- Table 6: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Propulsion Tech 2020 & 2033
- Table 7: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Region 2020 & 2033
- Table 8: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Application 2020 & 2033
- Table 9: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Satellite Mass 2020 & 2033
- Table 10: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Orbit Class 2020 & 2033
- Table 11: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by End User 2020 & 2033
- Table 12: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Satellite Subsystem 2020 & 2033
- Table 13: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Propulsion Tech 2020 & 2033
- Table 14: Asia-Pacific Satellite Manufacturing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 15: China Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Japan Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: South Korea Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: India Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Australia Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: New Zealand Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: Indonesia Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Malaysia Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Singapore Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Thailand Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Vietnam Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 26: Philippines Asia-Pacific Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific Satellite Manufacturing Market?
The projected CAGR is approximately 31%.
2. Which companies are prominent players in the Asia-Pacific Satellite Manufacturing Market?
Key companies in the market include MinoSpace Technology, Mitsubishi Heavy Industries, Axelspace Corporation, Japan Aerospace Exploration Agency (JAXA), Zhuhai Orbita Control Engineerin, China Aerospace Science and Technology Corporation (CASC), Maxar Technologies Inc, Chang Guang Satellite Technology Co Ltd, Spacety Aerospace Co, Indian Space Research Organisation (ISRO), Guodian Gaoke.
3. What are the main segments of the Asia-Pacific Satellite Manufacturing Market?
The market segments include Application, Satellite Mass, Orbit Class, End User, Satellite Subsystem, Propulsion Tech.
4. Can you provide details about the market size?
The market size is estimated to be USD 3.79 billion as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
January 2023: Minospace Technology Co. Ltd announced that it had closed a Pre-B funding round of approximately USD 47 million in August 2021. Following this funding round, MinoSpace announced that it would scale its mass production capacity for 500 kg class satellites.December 2022: Maxar Technologies entered into a definitive merger agreement to be acquired by Advent International (Advent), one of the largest and most experienced companies in the world, with an enterprise value of approximately USD 6.4 billion.November 2022: EchoStar Corporation announced a revised agreement with Maxar Technologies to manufacture the EchoStar XXIV satellite, also known as JUPITER™ 3. The satellite, designed for EchoStar's Hughes Network Systems division, is being manufactured at Maxar's facility in Palo Alto, California.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific Satellite Manufacturing Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia-Pacific Satellite Manufacturing Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia-Pacific Satellite Manufacturing Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific Satellite Manufacturing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence