North America Commercial Aircraft Cabin Interior Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.53 Billion |
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Market Size (2030) | USD 1.97 Billion |
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Largest Share by Product Type | Passenger Seats |
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CAGR (2024 - 2030) | 4.32 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Commercial Aircraft Cabin Interior Market Analysis
The North America Commercial Aircraft Cabin Interior Market size is estimated at 1.53 billion USD in 2024, and is expected to reach 1.97 billion USD by 2030, growing at a CAGR of 4.32% during the forecast period (2024-2030).
1.53 Billion
Market Size in 2024 (USD)
1.97 Billion
Market Size in 2030 (USD)
-0.16 %
CAGR (2017-2023)
4.32 %
CAGR (2024-2030)
Largest Market by Product Type
53.90 %
value share, Passenger Seats, 2023
The passenger seat category leads the North American aircraft cabin interior market. The demand for ergonomic seats with enhanced features is a new and emerging trend in passenger aviation.
Fastest-Growing Market by Product Type
4.38 %
Projected CAGR, Passenger Seats, 2024-2030
The growing number of aircraft procurements by low-cost airlines and the increasing regional aviation facilitated the faster growth of the passenger seat category.
Largest Market by Aircraft Type
78.52 %
value share, Narrowbody, 2023
A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps reduce airlines' operating costs, resulting in its rapid adoption. The increasing domestic air passenger traffic globally also leads to the market's dominant share of narrowbody aircraft.
Largest Market by Country
90.66 %
value share, United States, 2023
The United States has become the largest market for cabin interiors due to several airlines operating in the region, along with a healthy demand for new aircraft procurement.
Leading Market Player
34.38 %
market share, Collins Aerospace, 2022
Collins Aerospace dominated the North American aircraft cabin interior market with its strong product portfolio in the cabin interior category, including seats, lighting, galleys, and other products.
North American airlines are adopting advanced cabin features to enhance passenger experience, which may drive the demand for cabin interior products
- The airline companies in the region are focusing on increasing the utility of the products and improving the overall passenger comfort and experience. An enhanced seating structure with more developed space than economy-class seats is becoming highly essential due to rising preferences from business-class travelers. North American airline operators and OEMs are increasing their efforts to reduce weight and develop a sustainable way to manage the airline industry, which is in line with the Zero-Emission 2050 goal.
- North American airline companies are focusing on modernized cabins with advanced interior lighting to improve the passenger experience. The widespread adoption of LED ambient lighting technology on next-generation aircraft has enabled cabin modernization activities to maintain a consistent service quality on board. In the United States, United Airlines, American Airlines, Southwest Airlines, and Delta Airlines have in-flight entertainment (IFE) screens in their active fleets of commercial aircraft. Similarly, Air Canada, WestJet, and Air Transat in Canada also have IFE screens in their active fleet of commercial aircraft.
- North America’s commercial aircraft accounted for around 30% of the total commercial aircraft worldwide during 2017-2022. The presence of a large number of passenger aircraft, along with fleet replacement of aging fleets, is expected to boost the demand for commercial aircraft cabin interior products in the North American passenger aviation sector by 1.41% during the forecast period.
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Airlines modernizing their fleet to enhance passengers' overall travel experiences is driving the demand for aircraft cabin interiors in North America
- The commercial aircraft segment is expected to experience significant growth during the forecast period, primarily driven by the demand for narrowbody aircraft due to the growing number of domestic passengers in North America. Fleet development of the aircraft, increased demand for fuel-efficient aircraft, growth in the number of airline passengers, and the airline industry's consideration of the zero-emission 2050 goal are the factors fueling the demand for commercial aircraft. As of August 2023, the region had a backlog of 1,474 Boeing and 986 Airbus aircraft. Of these total aircraft, the United States alone had 2,405 aircraft in backlog. Hence, the country is expected to witness more significant growth.
- Passengers drive the demand for aircraft cabin interiors segment as they seek personalized travel experiences. Hence, airlines are responding by investing in customizable seating, lighting, and IFE options that cater to various passenger preferences. For instance, airlines in the region are investing in customizable seating options that cater to various passenger preferences, such as extra legroom and lie-flat beds. Additionally, it was observed that in the United States, airlines such as Alaska Airlines, Frontier Airlines, Southwest Airlines, and Spirit Airlines do not provide any IFE system because these airlines have opted for the option of streaming entertainment on the passenger's own device with some additional cost to use their in-flight Wi-Fi.
- North American airlines are opting for LED ambient lighting technology on next-generation aircraft, enabling cabin modernization activities to maintain a consistent service quality on board. With such developments, the market is expected to grow by 1.27% during 2023-2030.
North America Commercial Aircraft Cabin Interior Market Trends
Consistent growth in air travel is the driving factor for air passenger traffic in North America
- North America's vast landmass and diverse destinations make it a popular choice for millions of passengers who choose to fly both domestically and internationally. Factors such as a growing economy, increased affordability of air travel, and a rising middle class have contributed to a significant uptick in air passenger traffic. Air passenger traffic in the United States reached 1.04 billion in 2022, up by 7% compared to 2021 and 12% compared to 2019. In 2022, from January through December, US airlines carried 853 million passengers, up from 658 million in 2021 and 388 million in 2020. The total number of passengers carried by airlines in Canada reached 107 million in 2022, surpassing the levels in 2021 by 6%. In 2022, Mexico had 100 million air passenger traffic, representing a 7% growth compared to its 2021 traffic levels. North America has benefitted from fewer and shorter-lasting travel restrictions than many other countries and regions. This has boosted domestic travel in the large home market, as well as international travel. Net profits in the region are expected to rise from USD 9.9 billion in 2022 to USD 11.4 billion in 2023.
- To cater to the demand driven by air passenger traffic, various airlines in the region are planning to procure new aircraft. For instance, around one-third of global aircraft deliveries in 2023 were anticipated to be received by various carriers in North America. Although the region’s aircraft deliveries were already above 2019 levels in 2022, they were expected to grow by an additional 72 units in 2023. Overall, with consistent air travel, the region's air passenger traffic is expected to increase by 1.7 billion in 2030 compared to 1.2 billion recorded in 2022.
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Rising economic stability, particularly in the United States, is expected to support North America's GDP per capita growth
- The United States is a developed country and has the world's largest nominal GDP and net wealth. Real GDP increased by 2.1% in 2022, compared to 5.9% in 2021. The increase in real GDP in 2022 primarily reflected increases in consumer spending, exports, private inventory investment, and non-residential fixed investment that were partly offset by decreases in residential fixed investment and federal government spending. The rise in most sectors is expected to eventually boost the region's GDP per capita and, hence, support the air transport industry. North America has the highest continental GDP per capita by both GDP Nominal and PPP in the world. In 2022, the United States had the highest GDP per capita in the region at USD 76,350.
- In 2022, Canada's real gross domestic product (GDP) grew by 3.8%. Oil and gas extraction (except oil sands) decreased by 1.6% in December, primarily due to lower-than-seasonal growth in oil extraction in the month after strong offshore production. Winter storms had a significant impact on air and railway transportation in December. The month saw a 2.3% decrease in air transportation, the first such decrease since January 2022.
- Mexico has solid macroeconomic institutions, is open to trade, and has a diversified manufacturing base connected to global value chains. The Mexican economy grew by 3.1% in 2022, after a bounce-back of 4.7% in 2021 and an 8.0% fall in 2020 due to the COVID-19 pandemic. The economy has recovered its employment and Gross Domestic Product (GDP) pre-pandemic levels. Mexico's stable macroeconomic framework, the US dynamism, and solid manufacturing base will support economic growth.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Airlines are placing huge orders for new fuel-efficient aircraft, and the expansion of LCCs is contributing to the growth of the market
- The aircraft backlog in North America is primarily driven by the increasing demand for smaller and more efficient aircraft by various airlines
- The growing demand for air travel and the allocation of funds toward airport infrastructure are the key driving factors behind the growth of the region's aviation industry
- Commercial aircraft orders that are being placed with major OEMs are the primary drivers of revenue for the aircraft manufacturers in this market
- The aviation industry's growth is fueled by the recovery of air travel and the high volume of aircraft orders placed by various airlines
- Airlines are expected to reduce the overall aircraft weight by adopting fuel-efficient measures, driving the segment's demand
North America Commercial Aircraft Cabin Interior Industry Overview
The North America Commercial Aircraft Cabin Interior Market is fairly consolidated, with the top five companies occupying 73.72%. The major players in this market are Collins Aerospace, Jamco Corporation, Panasonic Avionics Corporation, Recaro Group and Safran (sorted alphabetically).
North America Commercial Aircraft Cabin Interior Market Leaders
Collins Aerospace
Jamco Corporation
Panasonic Avionics Corporation
Recaro Group
Safran
Other important companies include Adient Aerospace, Astronics Corporation, Diehl Aerospace GmbH, Expliseat, FACC AG, GKN Aerospace Service Limited, Luminator Technology Group, SCHOTT Technical Glass Solutions GmbH, STG Aerospace, Thales Group, Thompson Aero Seating.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Commercial Aircraft Cabin Interior Market News
- July 2023: Jamco Corporation announced that through a collaboration with KLM Royal Dutch Airlines (KLM), its premium class seats, Venture reverse herringbone, were installed in the World Business Class (WBC) of KLM's B777 Fleet.
- June 2023: United will be the first US airline to offer Panasonic's Astrova system, giving customers exclusive features like 4K OLED screens, high fidelity audio, and programmable LED lighting, starting in 2025.
- June 2023: French designer and aircraft seat manufacturer Expliseat is expected to deliver more than 2,000 units of its latest TiSeat model named E2. This model will be installed on the aircraft of the expanding Kuwaiti airline Jazeera Airways, which uses the Airbus A320 and A321 models, providing additional comfort to its passengers.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, number of flights performed by global airline industry, fuel costs of airlines as a percentage of expenditure, fuel consumption of commercial airlines, average price of brent crude oil, inflation, commercial aircraft cabin seating volume share by region and commercial aircraft windows by region.
North America Commercial Aircraft Cabin Interior Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Air Passenger Traffic
- 4.2 New Aircraft Deliveries
- 4.3 GDP Per Capita (current Price)
- 4.4 Revenue Of Aircraft Manufacturers
- 4.5 Aircraft Backlog
- 4.6 Gross Orders
- 4.7 Expenditure On Airport Construction Projects (ongoing)
- 4.8 Expenditure Of Airlines On Fuel
- 4.9 Regulatory Framework
- 4.10 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Product Type
- 5.1.1 Cabin Lights
- 5.1.2 Cabin Windows
- 5.1.3 In-Flight Entertainment System
- 5.1.4 Passenger Seats
- 5.1.5 Other Product Types
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5.2 Aircraft Type
- 5.2.1 Narrowbody
- 5.2.2 Widebody
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5.3 Cabin Class
- 5.3.1 Business and First Class
- 5.3.2 Economy and Premium Economy Class
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5.4 Country
- 5.4.1 Canada
- 5.4.2 United States
- 5.4.3 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Adient Aerospace
- 6.4.2 Astronics Corporation
- 6.4.3 Collins Aerospace
- 6.4.4 Diehl Aerospace GmbH
- 6.4.5 Expliseat
- 6.4.6 FACC AG
- 6.4.7 GKN Aerospace Service Limited
- 6.4.8 Jamco Corporation
- 6.4.9 Luminator Technology Group
- 6.4.10 Panasonic Avionics Corporation
- 6.4.11 Recaro Group
- 6.4.12 Safran
- 6.4.13 SCHOTT Technical Glass Solutions GmbH
- 6.4.14 STG Aerospace
- 6.4.15 Thales Group
- 6.4.16 Thompson Aero Seating
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR COMMERCIAL AIRCRAFT CABIN INTERIOR CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, BY COUNTRY, NUMBER OF PASSENGERS TRAVELLED, NORTH AMERICA, 2017 - 2030
- Figure 2:
- NEW AIRCRAFT DELIVERIES, NUMBER OF AIRCRAFTS DELIVERED, NORTH AMERICA, 2017 - 2030
- Figure 3:
- GDP PER CAPITA (CURRENT PRICE), BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
- Figure 4:
- REVENUE OF AIRCRAFT MANUFACTURERS, USD, NORTH AMERICA, 2017 - 2022
- Figure 5:
- AIRCRAFT BACKLOG BY MANUFACTURER, NUMBER OF AIRCRAFT, NORTH AMERICA, 2017 - 2023
- Figure 6:
- GROSS ORDERS, BY MANUFACTURER, NUMBER OF AIRCRAFT, NORTH AMERICA, 2017 - 2022
- Figure 7:
- EXPENDITURE ON AIRPORT CONSTRUCTION PROJECTS (ONGOING), % SHARE, REGION VS OTHERS ,2022
- Figure 8:
- EXPENDITURE OF AIRLINES ON FUEL, % SHARE, NORTH AMERICA, 2017 - 2022
- Figure 9:
- NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, VALUE, USD, 2017 - 2030
- Figure 10:
- VALUE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 11:
- VALUE SHARE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 12:
- VALUE OF CABIN LIGHTS MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 13:
- VALUE SHARE OF CABIN LIGHTS BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 14:
- VALUE OF CABIN WINDOWS MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 15:
- VALUE SHARE OF CABIN WINDOWS BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 16:
- VALUE OF IN-FLIGHT ENTERTAINMENT SYSTEM MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 17:
- VALUE SHARE OF IN-FLIGHT ENTERTAINMENT SYSTEM BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 18:
- VALUE OF PASSENGER SEATS MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 19:
- VALUE SHARE OF PASSENGER SEATS BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 20:
- VALUE OF OTHER PRODUCT TYPES MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 21:
- VALUE SHARE OF OTHER PRODUCT TYPES BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 22:
- VALUE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 23:
- VALUE SHARE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 24:
- VALUE OF NARROWBODY MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 25:
- VALUE SHARE OF NARROWBODY BY CABIN CLASS, USD, NORTH AMERICA, 2023 VS 2030
- Figure 26:
- VALUE OF WIDEBODY MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 27:
- VALUE SHARE OF WIDEBODY BY CABIN CLASS, USD, NORTH AMERICA, 2023 VS 2030
- Figure 28:
- VALUE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, USD, NORTH AMERICA, 2017 - 2030
- Figure 29:
- VALUE SHARE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 30:
- VALUE OF BUSINESS AND FIRST CLASS MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 31:
- VALUE SHARE OF BUSINESS AND FIRST CLASS BY PRODUCT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 32:
- VALUE OF ECONOMY AND PREMIUM ECONOMY CLASS MARKET, USD, NORTH AMERICA , 2017 - 2030
- Figure 33:
- VALUE SHARE OF ECONOMY AND PREMIUM ECONOMY CLASS BY PRODUCT TYPE, USD, NORTH AMERICA, 2023 VS 2030
- Figure 34:
- VALUE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
- Figure 35:
- VALUE SHARE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 36:
- VALUE OF CANADA MARKET, USD, CANADA , 2017 - 2030
- Figure 37:
- VALUE SHARE OF CANADA BY AIRCRAFT TYPE, USD, CANADA, 2023 VS 2030
- Figure 38:
- VALUE OF UNITED STATES MARKET, USD, UNITED STATES , 2017 - 2030
- Figure 39:
- VALUE SHARE OF UNITED STATES BY AIRCRAFT TYPE, USD, UNITED STATES, 2023 VS 2030
- Figure 40:
- VALUE OF REST OF NORTH AMERICA MARKET, USD, REST OF NORTH AMERICA , 2017 - 2030
- Figure 41:
- VALUE SHARE OF REST OF NORTH AMERICA BY AIRCRAFT TYPE, USD, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 42:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, NORTH AMERICA, 2017 - 2022
- Figure 43:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, NORTH AMERICA, 2017 - 2022
- Figure 44:
- MARKET SHARE OF NORTH AMERICA COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET (%), NORTH AMERICA, 2022
North America Commercial Aircraft Cabin Interior Industry Segmentation
Cabin Lights, Cabin Windows, In-Flight Entertainment System, Passenger Seats are covered as segments by Product Type. Narrowbody, Widebody are covered as segments by Aircraft Type. Business and First Class, Economy and Premium Economy Class are covered as segments by Cabin Class. Canada, United States are covered as segments by Country.
- The airline companies in the region are focusing on increasing the utility of the products and improving the overall passenger comfort and experience. An enhanced seating structure with more developed space than economy-class seats is becoming highly essential due to rising preferences from business-class travelers. North American airline operators and OEMs are increasing their efforts to reduce weight and develop a sustainable way to manage the airline industry, which is in line with the Zero-Emission 2050 goal.
- North American airline companies are focusing on modernized cabins with advanced interior lighting to improve the passenger experience. The widespread adoption of LED ambient lighting technology on next-generation aircraft has enabled cabin modernization activities to maintain a consistent service quality on board. In the United States, United Airlines, American Airlines, Southwest Airlines, and Delta Airlines have in-flight entertainment (IFE) screens in their active fleets of commercial aircraft. Similarly, Air Canada, WestJet, and Air Transat in Canada also have IFE screens in their active fleet of commercial aircraft.
- North America’s commercial aircraft accounted for around 30% of the total commercial aircraft worldwide during 2017-2022. The presence of a large number of passenger aircraft, along with fleet replacement of aging fleets, is expected to boost the demand for commercial aircraft cabin interior products in the North American passenger aviation sector by 1.41% during the forecast period.
| Product Type | Cabin Lights |
| Cabin Windows | |
| In-Flight Entertainment System | |
| Passenger Seats | |
| Other Product Types | |
| Aircraft Type | Narrowbody |
| Widebody | |
| Cabin Class | Business and First Class |
| Economy and Premium Economy Class | |
| Country | Canada |
| United States | |
| Rest of North America |
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Market Definition
- Product Type - Commercial Aircraft cabin interior products such as passenger seats, cabin lighting, inflight entertainment system, cabin windows, lavatories, galley, and stowage bins have been included under the product type in this study.
- Aircraft Type - All the passenger aircraft such as narrowbody and widebody which are single-aisle and twin-aisle are included in this study.
- Cabin Class - Business and First Class, economy and premium economy are classes of air travel provided by the airlines that offer various services to the passengers.
| Keyword | Definition |
|---|---|
| Gross domestic product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| High Dynamic Range (HDR) | Dynamic range describes the ratio between the brightest and darkest parts of an image. HDR is used to capture a greater dynamic range than SDR. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| European Aviation Safety Agency (EASA) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| 4K Display | 4K resolution refers to a horizontal display resolution of approximately 4,000 pixels. |
| Organic Light Emitting Diode (OLED) | It is the light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current. |
| Mean Time Between Failures (MTBF) | The mean time between failures is the predicted elapsed time between inherent failures of a mechanical or electronic system, during normal system operation. |
| (Low-Cost Carrier (LCCs) | It is an airline that is operated with an especially high emphasis on minimizing operating costs and without some of the traditional services and amenities provided in the fare |
| Electronically Dimmable Windows (EDW) | It is a type of window that blocks up to 99.96% of all visible light and provide full opacity, integrated into the window cassette of the sidewall panel. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step 1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step 2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step 3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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