Key Insights
The European flight training and simulation market, valued at €2.4 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 3.81% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the increasing demand for skilled pilots across various aviation sectors, including commercial airlines, general aviation, and military operations, necessitates enhanced and more efficient training methodologies. Flight simulators and training devices offer a cost-effective and safe alternative to real-world flight training, significantly contributing to the market's growth. Secondly, technological advancements in simulator technology, such as the integration of virtual reality (VR) and augmented reality (AR), are enhancing the realism and effectiveness of training programs, further boosting market demand. Furthermore, stringent safety regulations imposed by aviation authorities are driving the adoption of advanced flight simulation technologies to ensure high pilot proficiency levels. The market is segmented by training capability (rotorcraft and fixed-wing) and simulator type (Full Flight Simulators (FFS) and Flight Training Devices (FTDs)), with FFS currently holding a larger market share due to their advanced capabilities. The presence of numerous established players like CAE Inc., L3Harris Technologies Inc., and Frasca International Inc., alongside emerging innovative companies, fosters competition and drives innovation within the sector. Germany, France, and the United Kingdom represent the largest national markets within Europe, reflecting their significant aviation industries and robust regulatory frameworks.
The projected growth trajectory suggests a continuous increase in market value throughout the forecast period. The consistent demand for pilot training, coupled with continuous technological advancements, will likely lead to an expansion of the market beyond the €2.4 billion mark. While potential economic downturns or shifts in government aviation policies could act as restraints, the overall positive outlook for the aviation industry, particularly in Europe, points towards sustained growth in the flight training and simulation market. The rising emphasis on sustainable aviation practices might also spur innovation within simulation technology, focusing on fuel efficiency and environmentally conscious flight procedures, further stimulating market growth. Companies are likely to focus on developing more sophisticated, realistic, and cost-effective training solutions, catering to the evolving needs of the aviation industry.

Europe Flight Training and Simulation Industry: A Comprehensive Market Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Europe Flight Training and Simulation industry, covering the period 2019-2033. It offers valuable insights into market dynamics, growth trends, key players, and future opportunities, equipping industry professionals with the knowledge needed to navigate this evolving landscape. The report utilizes data from the historical period (2019-2024), with the base year set at 2025 and a forecast period extending to 2033. Parent market (Aviation Training) and child markets (Fixed-Wing & Rotorcraft training) are comprehensively analyzed.
Europe Flight Training and Simulation Industry Market Dynamics & Structure
This section analyzes the competitive landscape, technological advancements, regulatory influences, and market trends within the European flight training and simulation industry. The market is characterized by a moderate level of concentration, with key players holding significant market share. Technological innovation, driven by advancements in simulation technology and training methodologies, is a key driver of growth. Stringent regulatory frameworks and safety standards play a crucial role in shaping market dynamics. The increasing adoption of advanced simulation technologies is driving the replacement of older systems, leading to increased demand. The report details M&A activity, estimating xx mergers and acquisitions in the historical period, with an anticipated xx deals during the forecast period.
- Market Concentration: Moderate, with the top 5 players holding approximately xx% market share in 2025.
- Technological Innovation: Focus on high-fidelity simulation, VR/AR integration, and AI-powered training solutions.
- Regulatory Framework: EASA regulations heavily influence simulator certification and training standards.
- Competitive Substitutes: Limited, mainly traditional instructor-led training methods.
- End-User Demographics: Primarily airlines, flight schools, military organizations, and corporate flight departments.
- M&A Trends: Consolidation driven by economies of scale and technological advancements.
Europe Flight Training and Simulation Industry Growth Trends & Insights
The European flight training and simulation market experienced significant growth during the historical period (2019-2024), primarily driven by increasing air travel demand and the need for cost-effective and efficient pilot training. The market size reached xx Million in 2025 and is projected to reach xx Million by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033). This growth is fueled by several factors, including technological advancements in simulation technology, increasing pilot training requirements, the growing adoption of advanced training devices, and rising investments in flight training infrastructure. The market penetration rate for advanced simulation technologies is expected to increase from xx% in 2025 to xx% by 2033. Technological disruptions, such as the integration of VR/AR and AI, are further accelerating market expansion. Consumer behavior shifts toward digital training solutions and the preference for realistic simulations contribute to this positive trend.

Dominant Regions, Countries, or Segments in Europe Flight Training and Simulation Industry
Within Europe, Western European countries, particularly the UK, Germany, and France, are the leading markets for flight training and simulation. The fixed-wing segment dominates the market, driven by the significantly larger number of fixed-wing aircraft compared to rotorcraft. Full Flight Simulators (FFS) are the most prevalent simulator type, while the demand for Flight Training Devices (FTDs) is also substantial.
- Leading Region: Western Europe
- Leading Countries: UK, Germany, France
- Dominant Segment (Training Capability): Fixed-wing
- Dominant Segment (Simulator Type): Full Flight Simulators (FFS)
- Key Drivers: Strong aviation industry, robust regulatory frameworks, significant investments in training infrastructure, and high demand for qualified pilots.
Europe Flight Training and Simulation Industry Product Landscape
The product landscape is characterized by a range of advanced simulators, including Full Flight Simulators (FFS) offering highly realistic flight experiences, and Flight Training Devices (FTDs) that provide cost-effective training solutions. Innovation focuses on enhanced realism, integration of advanced technologies (VR/AR, AI), and modularity to adapt to varying training needs. Unique selling propositions often include superior visual systems, advanced haptic feedback, and customized training curricula. Technological advancements drive improvements in fidelity, effectiveness, and cost-efficiency of training solutions.
Key Drivers, Barriers & Challenges in Europe Flight Training and Simulation Industry
Key Drivers: Increasing air traffic volume, stringent pilot training regulations, advancements in simulation technologies (VR/AR, AI), and a growing focus on cost-effective training methods.
Key Challenges: High initial investment costs for advanced simulators, intense competition among established players, and potential supply chain disruptions affecting the procurement of components. Regulatory hurdles and the need for continuous software updates and maintenance also pose challenges. These challenges impact market growth by potentially delaying adoption or increasing costs.
Emerging Opportunities in Europe Flight Training and Simulation Industry
Emerging opportunities include the growing demand for customized training programs, integration of AI for personalized learning, and expansion into new markets, such as drone training and urban air mobility. The adoption of cloud-based training platforms and advancements in VR/AR technologies provide opportunities for enhanced realism and accessibility. The increasing focus on sustainability in aviation may also drive demand for eco-friendly simulation solutions.
Growth Accelerators in the Europe Flight Training and Simulation Industry Industry
Technological breakthroughs in simulation technology, strategic partnerships between simulator manufacturers and training providers, and expansion into new training areas such as unmanned aerial systems (UAS) are key accelerators. Government initiatives supporting the development of the aviation industry and increased investment in training infrastructure further propel growth.
Key Players Shaping the Europe Flight Training and Simulation Industry Market
- L3Harris Technologies Inc
- Frasca International Inc
- FLYIT Simulators Inc
- ELITE Simulation Solutions AG
- RTX Corporation
- ALSIM EMEA
- CAE Inc
- Multi Pilot Simulations BV
- Thale
- TRU Simulation + Training Inc
- FlightSafety International Inc
- The Boeing Company
Notable Milestones in Europe Flight Training and Simulation Industry Sector
- 2020: CAE Inc. launched a new generation of its fixed-base flight training device.
- 2022: L3Harris Technologies Inc. announced a major contract for the supply of advanced flight simulators to a European airline.
- 2023: Several companies announced partnerships focused on integrating VR/AR technologies into flight training. (Specific details would be included in the full report.)
In-Depth Europe Flight Training and Simulation Industry Market Outlook
The European flight training and simulation market is poised for sustained growth, driven by continuous technological advancements, increasing demand for pilot training, and rising investments in aviation infrastructure. Strategic partnerships, expansion into new market segments (e.g., drone training), and the adoption of innovative training methodologies will continue to shape the industry's future. The market is expected to see a continued shift towards more sophisticated and cost-effective training solutions, emphasizing the integration of digital technologies.
Europe Flight Training and Simulation Industry Segmentation
-
1. Simulator Type
- 1.1. Full Flight Simulator (FFS)
- 1.2. Flight Training Devices (FTD)
-
2. Training Capability
- 2.1. Rotorcraft
- 2.2. Fixed-Wing
Europe Flight Training and Simulation Industry Segmentation By Geography
- 1. United Kingdom
- 2. France
- 3. Germany
- 4. Poland
- 5. Spain
- 6. Italy
- 7. Rest of Europe

Europe Flight Training and Simulation Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.81% from 2019-2033 |
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
- 3.2.1. Increase in Internet of Things (IoT) and Autonomous Systems; Rise in Demand for Military and Defense Satellite Communication Solutions
- 3.3. Market Restrains
- 3.3.1. Cybersecurity Threats to Satellite Communication; Interference in Transmission of Data
- 3.4. Market Trends
- 3.4.1. Fixed-wing to Dominate Market Share during the Forecast Period
- 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 Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Simulator Type
- 5.1.1. Full Flight Simulator (FFS)
- 5.1.2. Flight Training Devices (FTD)
- 5.2. Market Analysis, Insights and Forecast - by Training Capability
- 5.2.1. Rotorcraft
- 5.2.2. Fixed-Wing
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. United Kingdom
- 5.3.2. France
- 5.3.3. Germany
- 5.3.4. Poland
- 5.3.5. Spain
- 5.3.6. Italy
- 5.3.7. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Simulator Type
- 6. United Kingdom Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Simulator Type
- 6.1.1. Full Flight Simulator (FFS)
- 6.1.2. Flight Training Devices (FTD)
- 6.2. Market Analysis, Insights and Forecast - by Training Capability
- 6.2.1. Rotorcraft
- 6.2.2. Fixed-Wing
- 6.1. Market Analysis, Insights and Forecast - by Simulator Type
- 7. France Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Simulator Type
- 7.1.1. Full Flight Simulator (FFS)
- 7.1.2. Flight Training Devices (FTD)
- 7.2. Market Analysis, Insights and Forecast - by Training Capability
- 7.2.1. Rotorcraft
- 7.2.2. Fixed-Wing
- 7.1. Market Analysis, Insights and Forecast - by Simulator Type
- 8. Germany Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Simulator Type
- 8.1.1. Full Flight Simulator (FFS)
- 8.1.2. Flight Training Devices (FTD)
- 8.2. Market Analysis, Insights and Forecast - by Training Capability
- 8.2.1. Rotorcraft
- 8.2.2. Fixed-Wing
- 8.1. Market Analysis, Insights and Forecast - by Simulator Type
- 9. Poland Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Simulator Type
- 9.1.1. Full Flight Simulator (FFS)
- 9.1.2. Flight Training Devices (FTD)
- 9.2. Market Analysis, Insights and Forecast - by Training Capability
- 9.2.1. Rotorcraft
- 9.2.2. Fixed-Wing
- 9.1. Market Analysis, Insights and Forecast - by Simulator Type
- 10. Spain Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Simulator Type
- 10.1.1. Full Flight Simulator (FFS)
- 10.1.2. Flight Training Devices (FTD)
- 10.2. Market Analysis, Insights and Forecast - by Training Capability
- 10.2.1. Rotorcraft
- 10.2.2. Fixed-Wing
- 10.1. Market Analysis, Insights and Forecast - by Simulator Type
- 11. Italy Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Simulator Type
- 11.1.1. Full Flight Simulator (FFS)
- 11.1.2. Flight Training Devices (FTD)
- 11.2. Market Analysis, Insights and Forecast - by Training Capability
- 11.2.1. Rotorcraft
- 11.2.2. Fixed-Wing
- 11.1. Market Analysis, Insights and Forecast - by Simulator Type
- 12. Rest of Europe Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - by Simulator Type
- 12.1.1. Full Flight Simulator (FFS)
- 12.1.2. Flight Training Devices (FTD)
- 12.2. Market Analysis, Insights and Forecast - by Training Capability
- 12.2.1. Rotorcraft
- 12.2.2. Fixed-Wing
- 12.1. Market Analysis, Insights and Forecast - by Simulator Type
- 13. Germany Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 14. France Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 15. Italy Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 16. United Kingdom Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 17. Netherlands Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 18. Sweden Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 19. Rest of Europe Europe Flight Training and Simulation Industry Analysis, Insights and Forecast, 2019-2031
- 20. Competitive Analysis
- 20.1. Market Share Analysis 2024
- 20.2. Company Profiles
- 20.2.1 L3Harris Technologies Inc
- 20.2.1.1. Overview
- 20.2.1.2. Products
- 20.2.1.3. SWOT Analysis
- 20.2.1.4. Recent Developments
- 20.2.1.5. Financials (Based on Availability)
- 20.2.2 Frasca International Inc
- 20.2.2.1. Overview
- 20.2.2.2. Products
- 20.2.2.3. SWOT Analysis
- 20.2.2.4. Recent Developments
- 20.2.2.5. Financials (Based on Availability)
- 20.2.3 FLYIT Simulators Inc
- 20.2.3.1. Overview
- 20.2.3.2. Products
- 20.2.3.3. SWOT Analysis
- 20.2.3.4. Recent Developments
- 20.2.3.5. Financials (Based on Availability)
- 20.2.4 ELITE Simulation Solutions AG
- 20.2.4.1. Overview
- 20.2.4.2. Products
- 20.2.4.3. SWOT Analysis
- 20.2.4.4. Recent Developments
- 20.2.4.5. Financials (Based on Availability)
- 20.2.5 RTX Corporation
- 20.2.5.1. Overview
- 20.2.5.2. Products
- 20.2.5.3. SWOT Analysis
- 20.2.5.4. Recent Developments
- 20.2.5.5. Financials (Based on Availability)
- 20.2.6 ALSIM EMEA
- 20.2.6.1. Overview
- 20.2.6.2. Products
- 20.2.6.3. SWOT Analysis
- 20.2.6.4. Recent Developments
- 20.2.6.5. Financials (Based on Availability)
- 20.2.7 CAE Inc
- 20.2.7.1. Overview
- 20.2.7.2. Products
- 20.2.7.3. SWOT Analysis
- 20.2.7.4. Recent Developments
- 20.2.7.5. Financials (Based on Availability)
- 20.2.8 Multi Pilot Simulations BV
- 20.2.8.1. Overview
- 20.2.8.2. Products
- 20.2.8.3. SWOT Analysis
- 20.2.8.4. Recent Developments
- 20.2.8.5. Financials (Based on Availability)
- 20.2.9 Thale
- 20.2.9.1. Overview
- 20.2.9.2. Products
- 20.2.9.3. SWOT Analysis
- 20.2.9.4. Recent Developments
- 20.2.9.5. Financials (Based on Availability)
- 20.2.10 TRU Simulation + Training Inc
- 20.2.10.1. Overview
- 20.2.10.2. Products
- 20.2.10.3. SWOT Analysis
- 20.2.10.4. Recent Developments
- 20.2.10.5. Financials (Based on Availability)
- 20.2.11 FlightSafety International Inc
- 20.2.11.1. Overview
- 20.2.11.2. Products
- 20.2.11.3. SWOT Analysis
- 20.2.11.4. Recent Developments
- 20.2.11.5. Financials (Based on Availability)
- 20.2.12 The Boeing Company
- 20.2.12.1. Overview
- 20.2.12.2. Products
- 20.2.12.3. SWOT Analysis
- 20.2.12.4. Recent Developments
- 20.2.12.5. Financials (Based on Availability)
- 20.2.1 L3Harris Technologies Inc
List of Figures
- Figure 1: Europe Flight Training and Simulation Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Flight Training and Simulation Industry Share (%) by Company 2024
List of Tables
- Table 1: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 3: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 4: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Germany Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: France Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Italy Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: United Kingdom Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Netherlands Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Sweden Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Europe Europe Flight Training and Simulation Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 14: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 15: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 17: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 18: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 20: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 21: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 23: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 24: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 26: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 27: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 28: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 29: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 30: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 31: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Simulator Type 2019 & 2032
- Table 32: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Training Capability 2019 & 2032
- Table 33: Europe Flight Training and Simulation Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Flight Training and Simulation Industry?
The projected CAGR is approximately 3.81%.
2. Which companies are prominent players in the Europe Flight Training and Simulation Industry?
Key companies in the market include L3Harris Technologies Inc, Frasca International Inc, FLYIT Simulators Inc, ELITE Simulation Solutions AG, RTX Corporation, ALSIM EMEA, CAE Inc, Multi Pilot Simulations BV, Thale, TRU Simulation + Training Inc, FlightSafety International Inc, The Boeing Company.
3. What are the main segments of the Europe Flight Training and Simulation Industry?
The market segments include Simulator Type, Training Capability.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.40 Million as of 2022.
5. What are some drivers contributing to market growth?
Increase in Internet of Things (IoT) and Autonomous Systems; Rise in Demand for Military and Defense Satellite Communication Solutions.
6. What are the notable trends driving market growth?
Fixed-wing to Dominate Market Share during the Forecast Period.
7. Are there any restraints impacting market growth?
Cybersecurity Threats to Satellite Communication; Interference in Transmission of Data.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Flight Training and Simulation Industry," 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 Flight Training and Simulation Industry 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 Flight Training and Simulation Industry?
To stay informed about further developments, trends, and reports in the Europe Flight Training and Simulation Industry, 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