Key Insights
The Middle East and Africa Aircraft Engine Maintenance, Repair, and Overhaul (MRO) market is experiencing robust growth, projected to reach a market size of $7.17 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 6.96% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning aviation sector in the region, particularly the growth of low-cost carriers and increasing air travel demand, drives a significant need for engine MRO services. Furthermore, the strategic investments by governments in modernizing their fleets and expanding airport infrastructure contribute to market growth. The presence of major airlines like Ethiopian Airlines and Emirates, along with substantial MRO providers such as Joramco and AMMROC, solidifies the region's position as a key player in the global aircraft engine MRO market. However, challenges remain. Economic fluctuations within specific African nations and the uneven distribution of maintenance infrastructure across the region can hinder growth. Competition from established international MRO players is also a significant consideration for regional companies. The market is segmented by application into commercial aviation, military aviation, and general aviation, with commercial aviation currently holding the largest share.
The market's future trajectory is expected to remain positive. Continued investment in advanced technologies, such as predictive maintenance and digital solutions, will drive efficiency and improve operational performance within the MRO sector. Moreover, the increasing focus on sustainability and the adoption of fuel-efficient aircraft engines are likely to create new opportunities for specialized MRO services. The strategic partnerships between international and regional players are also likely to play a pivotal role in shaping the future of the market. The growth will, however, be uneven across different segments and regions, with countries possessing stronger economic stability and aviation infrastructure benefiting disproportionately. A crucial aspect will be the ability of regional MRO providers to compete effectively with international giants while simultaneously addressing the unique challenges of the market.
Middle East & Africa Aircraft Engine MRO Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Middle East and Africa Aircraft Engine Maintenance, Repair, and Overhaul (MRO) market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. The study covers the period from 2019 to 2033, with 2025 serving as the base and estimated year. The report segments the market by application (Commercial Aviation, Military Aviation, General Aviation) and meticulously analyzes market dynamics, growth trends, key players, and emerging opportunities. This in-depth analysis is crucial for understanding the current landscape and predicting future trends within this vital sector. The total market value is projected to reach xx Million by 2033.
Middle East & Africa Aircraft Engine MRO Market Market Dynamics & Structure
The Middle East and Africa Aircraft Engine MRO market is characterized by a moderate level of concentration, with a few large players holding significant market share. However, the presence of numerous smaller, specialized MRO providers creates a dynamic competitive landscape. Technological innovation, driven by advancements in digital technologies and predictive maintenance, is a key driver. Stringent regulatory frameworks and safety standards imposed by aviation authorities significantly influence market operations. The market also sees competition from newer, more efficient engine designs, impacting the demand for MRO services. End-user demographics, reflecting the growth of air travel in the region, significantly impact market demand. M&A activity has been moderate, with several strategic acquisitions aiming to expand service capabilities and geographical reach.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share in 2025.
- Technological Innovation: Focus on digitalization, predictive maintenance, and advanced repair techniques.
- Regulatory Framework: Stringent safety standards and compliance requirements.
- Competitive Substitutes: New engine technologies and improved engine designs impacting MRO demand.
- End-User Demographics: Growth of air travel in the region fuels demand for MRO services.
- M&A Trends: Strategic acquisitions to expand service offerings and geographic footprint (xx deals in the last 5 years).
Middle East & Africa Aircraft Engine MRO Market Growth Trends & Insights
The Middle East and Africa Aircraft Engine MRO market experienced significant growth during the historical period (2019-2024), driven by increasing air travel demand and an aging aircraft fleet. The market size is estimated at xx Million in 2025 and is projected to grow at a CAGR of xx% from 2025 to 2033, reaching xx Million. Technological disruptions, including the adoption of advanced diagnostic tools and predictive maintenance, are accelerating market growth. Furthermore, shifting consumer behavior towards increased air travel, particularly in emerging economies within the region, is further boosting market expansion. The adoption rate of advanced technologies like AI and machine learning in MRO operations is projected to increase significantly, contributing to higher efficiency and reduced downtime.
Dominant Regions, Countries, or Segments in Middle East And Africa Aircraft Engine MRO Market
The Middle East and Africa Aircraft Engine Maintenance, Repair, and Overhaul (MRO) market is significantly driven by the Commercial Aviation segment. This is fueled by the region's rapid expansion of airline operations, particularly within key countries like the UAE and Egypt. These nations benefit from substantial investments in aviation infrastructure and a high concentration of airlines, creating a robust demand for MRO services. Beyond commercial aviation, the Military Aviation sector also contributes, albeit to a lesser extent, driven by the need for maintaining and upgrading military aircraft fleets in the region.
- Key Drivers in Commercial Aviation:
- Exponential growth of air passenger traffic, particularly in high-growth economies.
- Significant investments in modernizing airports and expanding airline networks.
- A substantial aging aircraft fleet necessitating increased and more frequent MRO services.
- Government-led initiatives designed to boost aviation infrastructure and attract foreign investment.
- The rise of low-cost carriers increasing the number of aircraft requiring maintenance.
- Market Share and Growth Potential: The UAE and Egypt currently hold the largest market share, with considerable growth potential predicted due to the anticipated surge in air traffic. Other countries with significant growth potential include Saudi Arabia, Morocco, and South Africa, driven by increasing domestic and international travel.
- Military Aviation's Influence: Government spending on defense and the need to maintain operational readiness of military aircraft constitute a stable, albeit potentially less volatile, segment of the market. This segment often presents opportunities for specialized MRO services tailored to military specifications.
Middle East & Africa Aircraft Engine MRO Market Product Landscape
The Aircraft Engine MRO market offers a range of services, including engine overhaul, component repair, and maintenance solutions. Recent product innovations focus on extending engine life, improving engine efficiency, and reducing maintenance costs through the use of advanced materials and technologies. Companies are increasingly adopting digital solutions and predictive maintenance to optimize operational efficiency and minimize downtime. Unique selling propositions often focus on speed of turnaround, expertise in specific engine types, and the provision of comprehensive lifecycle support packages.
Key Drivers, Barriers & Challenges in Middle East And Africa Aircraft Engine MRO Market
Key Drivers: The market's expansion is propelled by several factors: the substantial increase in air passenger traffic, the aging aircraft fleets demanding regular maintenance, and strong government support for aviation infrastructure development. Technological advancements, such as the adoption of predictive maintenance using AI and big data analytics, and the increasing use of digitalization across MRO operations, are significantly enhancing operational efficiency and cost reduction. Furthermore, the increasing focus on sustainability and the demand for eco-friendly MRO practices are creating new opportunities.
Key Challenges: The industry faces challenges including supply chain disruptions, especially in procuring spare parts, which can severely hamper operations. Stringent regulatory compliance requirements and intense competition from both established international players and new regional entrants pose considerable hurdles. The availability of a skilled workforce remains a significant bottleneck in several regions, hindering growth. The inherent volatility of oil prices can indirectly affect market dynamics by impacting fuel costs and airline profitability.
Emerging Opportunities in Middle East And Africa Aircraft Engine MRO Market
Significant opportunities exist in expanding MRO services to smaller airlines and general aviation operators in the region. The growth of low-cost carriers presents considerable potential. Further opportunities lie in leveraging digital technologies to enhance efficiency, adopt predictive maintenance strategies, and improve customer service through data-driven insights. Untapped markets in less developed African nations represent significant long-term potential.
Growth Accelerators in the Middle East And Africa Aircraft Engine MRO Market Industry
Several factors are accelerating growth within the Middle East and Africa Aircraft Engine MRO market. Strategic partnerships and collaborations between MRO providers and airlines are crucial catalysts, enabling optimized service delivery and resource allocation. Substantial investments in advanced technologies, such as AI-powered diagnostics and robotic automation, are streamlining MRO processes and reducing maintenance costs. Government support continues to be a vital component through initiatives focused on expanding aviation infrastructure and fostering skilled workforce development. The exploration of new geographical markets and diversification into specialized service offerings, like component repair and overhaul, represent significant growth opportunities. Finally, a growing focus on sustainability and the adoption of environmentally friendly practices will drive innovation and attract further investment in the sector.
Key Players Shaping the Middle East And Africa Aircraft Engine MRO Market Market
- Ethiopian Airlines
- CFM International (Safran Aircraft Engines and General Electric Company)
- Joramco (Dubai Aerospace Enterprise)
- Honeywell International Inc
- Safran
- Lockheed Martin Corporation
- Pratt & Whitney (RTX Corporation)
- EGYPTAIR MAINTENANCE & ENGINEERING (EGYPTAIR Group)
- Sanad (Mubadala Investment Company)
- 2 Other Players
- Lufthansa Technik AG (Lufthansa Group)
- Rolls-Royce plc
- Emirates Engineering (Emirates Group)
- Turbine Engine Maintenance Repair and Overhaul (Pty) Ltd
- AMMROC (Edge)
- General Electric Company
- STS Aviation Group
- Saudia Aerospace Engineering Industries
Notable Milestones in Middle East And Africa Aircraft Engine MRO Market Sector
- 2021-Q4: Introduction of advanced predictive maintenance software by a major MRO provider.
- 2022-Q2: Significant investment in MRO infrastructure by a leading Middle Eastern airline.
- 2023-Q1: Merger between two regional MRO providers, expanding service capabilities.
- 2023-Q3: Launch of a new engine repair facility specializing in a specific engine type. (Further details on specific milestones will be included in the full report).
In-Depth Middle East And Africa Aircraft Engine MRO Market Market Outlook
The Middle East and Africa Aircraft Engine MRO market is poised for robust growth, driven by long-term trends in air travel expansion, aging aircraft fleets, and technological advancements. Strategic investments in infrastructure, skills development, and technological innovation are expected to create significant opportunities for MRO providers. The market presents lucrative prospects for companies offering advanced solutions, customized services, and digital transformation capabilities. The focus on sustainability and environmental regulations will also shape future market dynamics.
Middle East And Africa Aircraft Engine MRO Market Segmentation
- 1. Production Analysis
- 2. Consumption Analysis
- 3. Import Market Analysis (Value & Volume)
- 4. Export Market Analysis (Value & Volume)
- 5. Price Trend Analysis
Middle East And Africa Aircraft Engine MRO Market Segmentation By Geography
-
1. Middle East
- 1.1. Saudi Arabia
- 1.2. United Arab Emirates
- 1.3. Israel
- 1.4. Qatar
- 1.5. Kuwait
- 1.6. Oman
- 1.7. Bahrain
- 1.8. Jordan
- 1.9. Lebanon
Middle East And Africa Aircraft Engine MRO Market 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 6.96% 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
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Commercial Aviation Segment to Exhibit the Highest Growth Rate 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. Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 5.2. Market Analysis, Insights and Forecast - by Consumption Analysis
- 5.3. Market Analysis, Insights and Forecast - by Import Market Analysis (Value & Volume)
- 5.4. Market Analysis, Insights and Forecast - by Export Market Analysis (Value & Volume)
- 5.5. Market Analysis, Insights and Forecast - by Price Trend Analysis
- 5.6. Market Analysis, Insights and Forecast - by Region
- 5.6.1. Middle East
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 6. South Africa Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 7. Sudan Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 8. Uganda Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 9. Tanzania Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 10. Kenya Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 11. Rest of Africa Middle East And Africa Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2031
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 Ethiopian Airlines
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 CFM International (Safran Aircraft Engines and General Electric Company)
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Joramco (Dubai Aerospace Enterprise)
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Honeywell International Inc
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Safran
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 Lockheed Martin Corporation
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Pratt & Whitney (RTX Corporation)
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 EGYPTAIR MAINTENANCE & ENGINEERING (EGYPTAIR Group)
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 Sanad (Mubadala Investment Company)6 2 Other Players
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 Lufthansa Technik AG (Lufthansa Group)
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.11 Rolls-Royce plc
- 12.2.11.1. Overview
- 12.2.11.2. Products
- 12.2.11.3. SWOT Analysis
- 12.2.11.4. Recent Developments
- 12.2.11.5. Financials (Based on Availability)
- 12.2.12 Emirates Engineering (Emirates Group)
- 12.2.12.1. Overview
- 12.2.12.2. Products
- 12.2.12.3. SWOT Analysis
- 12.2.12.4. Recent Developments
- 12.2.12.5. Financials (Based on Availability)
- 12.2.13 Turbine Engine Maintenance Repair and Overhaul (Pty) Ltd
- 12.2.13.1. Overview
- 12.2.13.2. Products
- 12.2.13.3. SWOT Analysis
- 12.2.13.4. Recent Developments
- 12.2.13.5. Financials (Based on Availability)
- 12.2.14 AMMROC (Edge)
- 12.2.14.1. Overview
- 12.2.14.2. Products
- 12.2.14.3. SWOT Analysis
- 12.2.14.4. Recent Developments
- 12.2.14.5. Financials (Based on Availability)
- 12.2.15 General Electric Company
- 12.2.15.1. Overview
- 12.2.15.2. Products
- 12.2.15.3. SWOT Analysis
- 12.2.15.4. Recent Developments
- 12.2.15.5. Financials (Based on Availability)
- 12.2.16 STS Aviation Group
- 12.2.16.1. Overview
- 12.2.16.2. Products
- 12.2.16.3. SWOT Analysis
- 12.2.16.4. Recent Developments
- 12.2.16.5. Financials (Based on Availability)
- 12.2.17 Saudia Aerospace Engineering Industries
- 12.2.17.1. Overview
- 12.2.17.2. Products
- 12.2.17.3. SWOT Analysis
- 12.2.17.4. Recent Developments
- 12.2.17.5. Financials (Based on Availability)
- 12.2.1 Ethiopian Airlines
List of Figures
- Figure 1: Middle East And Africa Aircraft Engine MRO Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Middle East And Africa Aircraft Engine MRO Market Share (%) by Company 2024
List of Tables
- Table 1: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 3: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 4: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 5: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 6: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 7: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Country 2019 & 2032
- Table 9: South Africa Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Sudan Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Uganda Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Tanzania Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Kenya Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Rest of Africa Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 16: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 17: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 18: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 19: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 20: Middle East And Africa Aircraft Engine MRO Market Revenue Million Forecast, by Country 2019 & 2032
- Table 21: Saudi Arabia Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: United Arab Emirates Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Israel Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Qatar Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Kuwait Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Oman Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 27: Bahrain Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Jordan Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: Lebanon Middle East And Africa Aircraft Engine MRO Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East And Africa Aircraft Engine MRO Market?
The projected CAGR is approximately 6.96%.
2. Which companies are prominent players in the Middle East And Africa Aircraft Engine MRO Market?
Key companies in the market include Ethiopian Airlines, CFM International (Safran Aircraft Engines and General Electric Company), Joramco (Dubai Aerospace Enterprise), Honeywell International Inc, Safran, Lockheed Martin Corporation, Pratt & Whitney (RTX Corporation), EGYPTAIR MAINTENANCE & ENGINEERING (EGYPTAIR Group), Sanad (Mubadala Investment Company)6 2 Other Players, Lufthansa Technik AG (Lufthansa Group), Rolls-Royce plc, Emirates Engineering (Emirates Group), Turbine Engine Maintenance Repair and Overhaul (Pty) Ltd, AMMROC (Edge), General Electric Company, STS Aviation Group, Saudia Aerospace Engineering Industries.
3. What are the main segments of the Middle East And Africa Aircraft Engine MRO Market?
The market segments include Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), Price Trend Analysis.
4. Can you provide details about the market size?
The market size is estimated to be USD 7.17 Million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
Commercial Aviation Segment to Exhibit the Highest Growth Rate During the Forecast Period.
7. Are there any restraints impacting market growth?
N/A
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 "Middle East And Africa Aircraft Engine MRO 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 Middle East And Africa Aircraft Engine MRO 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 Middle East And Africa Aircraft Engine MRO Market?
To stay informed about further developments, trends, and reports in the Middle East And Africa Aircraft Engine MRO 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
