Key Insights
The European satellite manufacturing market, valued at $12.38 billion in the base year 2025, is projected to experience substantial growth. Forecasted to expand at a compound annual growth rate (CAGR) of 10.37% from 2025 to 2033, this surge is propelled by escalating demand for satellite-based services across communications, earth observation, and navigation. Government initiatives championing space exploration and advancements in miniaturization and electric propulsion technologies further bolster market expansion. The market is segmented by end-user, satellite subsystem, propulsion technology, country, application, satellite mass, and orbit class. A dynamic competitive landscape is evidenced by established players like Airbus SE and OHB SE, alongside emerging firms such as GomSpace ApS. Growth is anticipated to be particularly strong in small satellite manufacturing (<500kg) due to cost-effectiveness and ease of deployment. Key challenges include high initial investment costs, regulatory complexities, and potential supply chain disruptions. Geographic growth is expected to be balanced across major European nations, with Germany and the UK poised to lead in market share, supported by robust domestic space industries and favorable government policies.
Europe Satellite Manufacturing Market Market Size (In Billion)
The 2025-2033 forecast period presents significant opportunities within the European satellite manufacturing market. Ongoing satellite miniaturization facilitates more frequent and cost-effective launches, driving the deployment of small satellites for diverse applications. The increasing reliance on satellite data for precision agriculture, environmental monitoring, and disaster management also contributes to market expansion. Furthermore, the development of efficient and reliable propulsion systems, particularly electric propulsion, is set to enhance market potential. Market growth will be influenced by funding availability, technological advancements in competing sectors, and the global economic climate. Strategic navigation of these factors will be critical for maximizing market potential.
Europe Satellite Manufacturing Market Company Market Share
This comprehensive report analyzes the Europe Satellite Manufacturing Market, detailing historical data (2019-2024), current estimations (2025), and future projections (2025-2033). It examines market dynamics, segment-specific growth, key players, and emerging trends, offering actionable insights for industry stakeholders through rigorous research methodologies and data analysis. The market size is projected to reach approximately $12.38 billion by 2025, exhibiting a CAGR of 10.37% during the forecast period.
Europe Satellite Manufacturing Market Concentration & Innovation
The European satellite manufacturing market exhibits a moderately concentrated structure, with a few major players commanding significant market share. Airbus SE, Lockheed Martin Corporation, and OHB SE are among the dominant players, benefiting from established reputations, extensive technological expertise, and strong customer relationships. However, the market also sees the emergence of smaller, more specialized companies focusing on niche segments like small satellites and innovative propulsion systems. This competitive landscape fosters innovation, particularly in areas like miniaturization, improved efficiency, and advanced propulsion technologies.
Market Concentration Metrics (2025 Estimates):
- Top 3 players' combined market share: xx%
- Average market share of top 10 players: xx%
Innovation Drivers:
- Miniaturization: Demand for smaller, lighter satellites is driving innovation in component design and manufacturing.
- Advanced Propulsion: Electric and advanced gas-based propulsion systems are enhancing satellite maneuverability and longevity.
- Digitalization: Increased use of AI and machine learning in satellite design, manufacturing, and operation.
Regulatory Frameworks: The European Space Agency (ESA) plays a significant role in shaping regulatory frameworks and fostering collaboration within the industry. Stringent quality and safety standards drive innovation in manufacturing processes.
Mergers & Acquisitions (M&A): The sector witnesses regular M&A activity, with larger players acquiring smaller companies to enhance their technological capabilities or expand their market reach. Total M&A deal value in the last 5 years is estimated at xx Million. Examples include (specific examples with deal values to be added based on available data).
Europe Satellite Manufacturing Market Industry Trends & Insights
The European satellite manufacturing market is experiencing robust growth, driven by a confluence of factors including surging demand across diverse sectors, rapid technological advancements, and supportive governmental policies. Key growth catalysts include the escalating need for advanced communication satellites, substantial investments in sophisticated earth observation programs, and the proliferation of innovative space applications such as precision navigation and global space-based internet services. This expansion is further fueled by the increasing adoption of NewSpace initiatives and a growing emphasis on national space security.
Market evolution is significantly shaped by disruptive technological innovations. Advancements in propulsion systems, the miniaturization of satellite components, and the seamless integration of artificial intelligence (AI) and machine learning (ML) are revolutionizing satellite design, operation, and deployment. These advancements are not only reducing costs and improving performance but also enhancing the overall reliability and efficiency of satellite solutions, aligning perfectly with evolving consumer preferences. The competitive landscape is dynamic, characterized by strategic collaborations and intense competition, with companies forming alliances for specific projects while simultaneously vying for market dominance through product innovation and strategic partnerships, including mergers and acquisitions.
Dominant Markets & Segments in Europe Satellite Manufacturing Market
Dominant Regions/Countries:
- United Kingdom: Strong aerospace industry, research infrastructure, and government support contribute to the UK's leading position in the market.
- France: A significant player due to the established presence of Airbus and other major aerospace companies.
- Germany: Strong technological expertise and presence of several medium-sized satellite manufacturers.
Dominant End-User Segments:
- Commercial: The commercial segment is expected to maintain its dominance, driven by growth in communication and earth observation applications.
- Military & Government: Significant government investment in defense and space-based surveillance systems propels this segment's growth.
Dominant Satellite Subsystem Segments:
- Satellite Bus & Subsystems: Represents a significant portion of the market due to its crucial role in satellite operation.
- Propulsion Hardware and Propellant: Growing demand for maneuverable satellites drives growth in this segment.
Dominant Satellite Mass Segments:
- 100-500kg: This mass range caters to a wide range of applications and enjoys significant market share.
- 10-100kg: Growth in this segment reflects the rise of small satellites and constellations.
Dominant Propulsion Technology:
- Electric Propulsion: Increasing adoption due to efficiency and extended satellite lifetime.
Dominant Application Segments:
- Communication: Dominates the market, driven by the increasing demand for high-bandwidth satellite communication services.
- Earth Observation: Strong growth potential due to increasing requirements for environmental monitoring and resource management.
Dominant Orbit Class:
- LEO: The rise of mega-constellations is driving considerable growth in the LEO segment.
Key Drivers (Bullet Points):
- Government funding and investment in space programs
- Growing demand for satellite-based services across various sectors
- Technological advancements leading to cost reduction and improved performance
- Strong research & development capabilities within European nations
Europe Satellite Manufacturing Market Product Developments
Recent years have witnessed significant advancements in satellite technology, including the development of smaller, lighter, and more efficient satellites. Innovations in propulsion systems, such as electric propulsion, are increasing satellite lifespan and operational capabilities. The integration of AI and machine learning enhances satellite data processing and autonomy, improving overall performance and reducing operational costs. These advancements are leading to new applications in areas like IoT, precision agriculture, and environmental monitoring, extending the market's reach and fueling its growth.
Report Scope & Segmentation Analysis
This report offers a comprehensive segmentation analysis of the Europe Satellite Manufacturing Market, encompassing the following key aspects:
End User: Commercial, Military & Government, Research Institutions, Other
Satellite Subsystem: Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Payload Integration, Solar Array & Power Hardware, Structures, Harness & Mechanisms, Thermal Control Systems, Attitude Determination and Control Systems (ADCS)
Propulsion Technology: Electric (Hall-effect thrusters, ion thrusters), Chemical (solid, liquid, hybrid), Cold Gas
Country: France, Germany, United Kingdom, Italy, Spain, Other European Countries
Application: Communication (broadband, telecommunications), Earth Observation (environmental monitoring, agriculture, defense), Navigation (GNSS augmentation), Space Observation (astronomy, scientific research), IoT, Disaster Monitoring and Management
Satellite Mass: Microsatellites (<10 kg), Nanosatellites (1-10 kg), Small Satellites (10-500 kg), Medium Satellites (500-1000 kg), Large Satellites (>1000 kg)
Orbit Class: Geostationary Orbit (GEO), Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Highly Elliptical Orbit (HEO)
Each segment is meticulously analyzed based on market size, growth trajectory, competitive intensity, and technological landscape, providing a detailed understanding of market opportunities, prevailing challenges, and future prospects. Robust growth projections are provided for each segment, offering a clear vision of the market's future evolution.
Key Drivers of Europe Satellite Manufacturing Market Growth
The European satellite manufacturing market's growth is driven by several factors, including increasing demand for satellite-based services across various sectors (telecommunications, earth observation, navigation), substantial government investment in space exploration and research, advancements in satellite technology resulting in smaller, more cost-effective, and higher-performing satellites, and the emergence of new applications like IoT and space-based internet services. Regulatory support and collaborative initiatives within the European Union further foster market expansion.
Challenges in the Europe Satellite Manufacturing Market Sector
The European satellite manufacturing market faces considerable challenges, including substantial upfront investment costs associated with satellite development and launch, fierce competition from both established industry giants and disruptive newcomers, reliance on intricate and potentially vulnerable global supply chains, and the necessity to adhere to stringent regulatory frameworks and stringent safety standards. These factors can significantly influence overall market expansion and profitability. Furthermore, the successful integration of the significant investment in advanced technologies (specify amount if available) is crucial for maintaining a competitive edge and achieving sustainable growth.
Emerging Opportunities in Europe Satellite Manufacturing Market
Significant opportunities exist in the burgeoning field of small satellite constellations tailored for diverse applications, including high-speed broadband internet access, advanced Earth observation capabilities, and the expanding Internet of Things (IoT). The continuous advancement of electric propulsion systems and other enabling technologies is creating new avenues for innovative applications. The widespread adoption of AI and ML in satellite design, operation, and data analysis promises to dramatically improve efficiency, effectiveness, and cost-optimization. Finally, synergistic collaborations between government agencies, private sector entities, and research institutions are generating new market access channels and attracting substantial investment into the sector.
Leading Players in the Europe Satellite Manufacturing Market Market
- Information Satellite Systems Reshetnev
- GomSpace ApS
- RSC Energia
- Lockheed Martin Corporation
- Airbus SE
- Astrocast
- OHB SE
- Surrey Satellite Technology Ltd
- SatRev
- ROSCOSMOS
- Thale
- Fossa Systems
- Alba Orbital
Key Developments in Europe Satellite Manufacturing Market Industry
- July 2022: Ericsson, Thales, and Qualcomm Technologies, Inc. announced plans to deliver 5G connectivity via LEO satellites, expanding coverage to remote areas.
- September 2022: EECL secured a contract to supply low noise amplifiers to Surrey Satellite Technology for the ESA HydroGNSS Scout payload.
- January 2023: Lockheed Martin launched the sixth GPS III satellite, modernizing the US Space Force's GPS constellation. This indirectly impacts the European market through competitive pressures and technological advancements.
Strategic Outlook for Europe Satellite Manufacturing Market Market
The European satellite manufacturing market is poised for sustained growth, driven by technological innovation, increasing demand for satellite-based services, and government support. The focus on miniaturization, advanced propulsion systems, and AI integration will continue to shape the market landscape. The emergence of new applications and the expansion of existing markets present significant opportunities for growth and investment. Companies that strategically adapt to these trends and capitalize on emerging technologies are expected to achieve a competitive advantage.
Europe 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
Europe Satellite Manufacturing Market Segmentation By Geography
-
1. Europe
- 1.1. United Kingdom
- 1.2. Germany
- 1.3. France
- 1.4. Italy
- 1.5. Spain
- 1.6. Netherlands
- 1.7. Belgium
- 1.8. Sweden
- 1.9. Norway
- 1.10. Poland
- 1.11. Denmark
Europe Satellite Manufacturing Market Regional Market Share
Geographic Coverage of Europe Satellite Manufacturing Market
Europe 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 10.37% 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. Europe 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. Europe
- 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 Information Satellite Systems Reshetnev
- 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 GomSpaceApS
- 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 RSC Energia
- 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 Lockheed Martin Corporation
- 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 Airbus SE
- 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 Astrocast
- 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 OHB SE
- 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 Surrey Satellite Technology 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 SatRev
- 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 ROSCOSMOS
- 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 Thale
- 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)
- 6.2.12 Fossa Systems
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 Alba Orbital
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.1 Information Satellite Systems Reshetnev
List of Figures
- Figure 1: Europe Satellite Manufacturing Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Europe Satellite Manufacturing Market Share (%) by Company 2025
List of Tables
- Table 1: Europe Satellite Manufacturing Market Revenue billion Forecast, by Application 2020 & 2033
- Table 2: Europe Satellite Manufacturing Market Revenue billion Forecast, by Satellite Mass 2020 & 2033
- Table 3: Europe Satellite Manufacturing Market Revenue billion Forecast, by Orbit Class 2020 & 2033
- Table 4: Europe Satellite Manufacturing Market Revenue billion Forecast, by End User 2020 & 2033
- Table 5: Europe Satellite Manufacturing Market Revenue billion Forecast, by Satellite Subsystem 2020 & 2033
- Table 6: Europe Satellite Manufacturing Market Revenue billion Forecast, by Propulsion Tech 2020 & 2033
- Table 7: Europe Satellite Manufacturing Market Revenue billion Forecast, by Region 2020 & 2033
- Table 8: Europe Satellite Manufacturing Market Revenue billion Forecast, by Application 2020 & 2033
- Table 9: Europe Satellite Manufacturing Market Revenue billion Forecast, by Satellite Mass 2020 & 2033
- Table 10: Europe Satellite Manufacturing Market Revenue billion Forecast, by Orbit Class 2020 & 2033
- Table 11: Europe Satellite Manufacturing Market Revenue billion Forecast, by End User 2020 & 2033
- Table 12: Europe Satellite Manufacturing Market Revenue billion Forecast, by Satellite Subsystem 2020 & 2033
- Table 13: Europe Satellite Manufacturing Market Revenue billion Forecast, by Propulsion Tech 2020 & 2033
- Table 14: Europe Satellite Manufacturing Market Revenue billion Forecast, by Country 2020 & 2033
- Table 15: United Kingdom Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Germany Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: France Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Italy Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Spain Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Netherlands Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: Belgium Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Sweden Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Norway Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Poland Europe Satellite Manufacturing Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Denmark Europe 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 Europe Satellite Manufacturing Market?
The projected CAGR is approximately 10.37%.
2. Which companies are prominent players in the Europe Satellite Manufacturing Market?
Key companies in the market include Information Satellite Systems Reshetnev, GomSpaceApS, RSC Energia, Lockheed Martin Corporation, Airbus SE, Astrocast, OHB SE, Surrey Satellite Technology Ltd, SatRev, ROSCOSMOS, Thale, Fossa Systems, Alba Orbital.
3. What are the main segments of the Europe 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 12.38 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: The sixth Global Positioning System III (GPS III) satellite designed and built by Lockheed Martin has been launched and is entering its operational orbit approximately 12,550 miles from Earth, where it will contribute to the ongoing modernization of the US Space Force's GPS constellation.September 2022: EECL (European Engineering & Consultancy), an engineering company that provides design, manufacturing, and test services to the satellite & aerospace sector, has signed a contract to supply low noise amplifiers (LNA) to Surrey Satellite Technology, for the front-end receiver of the European Space Agency (ESA) HydroGNSS Scout Earth Observation payload.July 2022: Ericsson, Thales, and wireless technology innovator Qualcomm Technologies, Inc. are expected to bring 5G through a network of satellites orbiting the Earth. The benefits of 5G connectivity through Low Earth Orbit (LEO) satellites are expected to include coverage in harsh geographical areas or remote areas of the seas, oceans, and other areas. elsewhere there is no coverage on land.
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 "Europe 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 Europe 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 Europe Satellite Manufacturing Market?
To stay informed about further developments, trends, and reports in the Europe 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