E-passport and E-visa Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209280
  • Format: Electronic (PDF)
  • Number of Pages: 209
  • Author(s): Joshi, Madhavi

Report Overview

The E-passport and E-visa Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.00% during the forecast period (2024-2030).

E-passport and E-visa Market

(Market Size)
$1.8 billion
$3.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.00%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.8 billion
Key Players Gemalto, Entrust, Idemia, HID Global, De La Rue

Market Summary

The e-passport and e-visa market represents a transformative segment within the global travel and identity management landscape, driven by technological advancements and increasing security concerns. E-passports, embedded with electronic chips containing biometric data, and e-visas, which facilitate digital visa application and approval processes, are becoming standard protocols for international travel and border control. Governments worldwide are increasingly adopting these digital solutions to enhance security, reduce identity fraud, and streamline immigration procedures. The integration of advanced technologies such as RFID, biometrics, and secure encryption methods ensures the integrity and authenticity of travel documents. This market is characterized by collaboration between government bodies, technology providers, and security experts to develop robust, interoperable systems. The shift towards digitalization in travel documentation is not only improving operational efficiency for immigration authorities but also offering greater convenience and faster processing times for travelers. Key industry participants include established technology firms and specialized security solution providers working to meet stringent international standards and regulations.

Key Highlights

The e-passport and e-visa market is distinguished by several critical developments that underscore its growth and evolution. A prominent highlight is the widespread adoption of biometric authentication, including facial recognition and fingerprint scanning, which significantly enhances document security and reduces the risk of forgery. Another key aspect is the interoperability between different national systems, facilitated by standards set by organizations such as the International Civil Aviation Organization, ensuring seamless global travel. The market is also witnessing increased investment in cybersecurity measures to protect sensitive personal data stored on e-passports and processed during e-visa applications. Furthermore, the rise of mobile and online platforms for e-visa applications has democratized access, making it easier for travelers to obtain necessary documentation without physical embassy visits. Leading companies like Gemalto, Entrust, and IDEMIA are at the forefront, driving innovation with secure, user-friendly solutions that cater to both government and consumer needs.

Drivers, Opportunities & Restraints

Several factors propel the e-passport and e-visa market forward, while certain challenges and opportunities shape its trajectory. Key drivers include heightened global security concerns necessitating advanced identity verification, government initiatives modernizing border control infrastructure, and the increasing volume of international travel demanding efficient processing. Opportunities abound in the integration of emerging technologies like blockchain for enhanced data security and transparency, expansion into emerging markets where digital transformation is accelerating, and the potential for public-private partnerships to develop comprehensive travel ecosystems. However, the market faces restraints such as high initial implementation costs for governments, concerns over data privacy and potential cyber threats, and the need for global standardization to ensure cross-border compatibility. Additionally, varying levels of technological adoption and infrastructure readiness across different regions pose challenges to uniform market growth.

Concentration Insights

The e-passport and e-visa market exhibits a concentration of activity among a mix of large multinational corporations and specialized technology firms, with significant influence from certain geographic regions. North America and Europe are early adopters and remain dominant due to advanced technological infrastructure, stringent security regulations, and high travel volumes. Companies such as Gemalto (now part of Thales), Entrust, and IDEMIA hold substantial market shares, offering end-to-end solutions including chip manufacturing, personalization, and system integration. Asia-Pacific is emerging as a high-growth region, driven by increasing government investments in smart border solutions and rising international travel. The competitive landscape is characterized by continuous innovation, strategic partnerships, and mergers and acquisitions aimed at expanding product portfolios and geographic reach. This concentration ensures that a few key players set industry standards, though niche providers also contribute with specialized security features and customized solutions.

Type Insights

The e-passport and e-visa market can be segmented by type into e-passports and e-visas, each with distinct characteristics and adoption patterns. E-passports, or biometric passports, incorporate a microprocessor chip that stores the holder's biometric information, such as facial image, fingerprints, and iris data, along with personal details. These documents are designed to prevent tampering and counterfeiting, adhering to international standards like those from the International Civil Aviation Organization. E-visas, on the other hand, refer to electronically issued visas that allow travelers to apply, pay, and receive approval online without physical stamping or label issuance in most cases. They are often linked to the traveler's passport number and biometric data, enabling automated border checks. Both types are evolving with enhancements in data encryption, contactless technology, and integration with mobile devices, catering to the growing demand for secure and convenient travel documentation.

Application Insights

Applications of e-passports and e-visas span various sectors, primarily focusing on leisure travel, business travel, and government and diplomatic use. For leisure travelers, e-visas simplify the application process, reducing paperwork and wait times, while e-passports expedite airport immigration through automated gates and e-gates. Business travelers benefit from streamlined visa processes and enhanced security features that facilitate frequent international movement. Government and diplomatic applications involve high-security documents for officials, with additional layers of protection and authentication. Furthermore, these digital documents are increasingly used in border control automation, integration with airline check-in systems, and as part of national identity management frameworks. The adoption is also expanding into other areas such as refugee and asylum seeker documentation, where secure and verifiable identity management is critical.

Regional Insights

Regionally, the adoption and development of e-passport and e-visa technologies vary significantly based on economic factors, regulatory environments, and security priorities. North America leads in terms of technological advancement and implementation, with the United States and Canada having well-established e-passport programs and robust e-visa systems for incoming travelers. Europe follows closely, driven by EU regulations promoting biometric passports and the Schengen Area's integrated border management. The Asia-Pacific region is experiencing rapid growth, with countries like India, Australia, and Singapore investing heavily in e-visa platforms to boost tourism and enhance security. Latin America and the Middle East are gradually adopting these technologies, often with support from international partners. Africa shows potential for future growth, though infrastructure challenges and funding constraints slow widespread adoption. Each region presents unique opportunities and challenges, influencing the strategies of key market players.

Company Insights

Prominent companies in the e-passport and e-visa market include globally recognized firms such as Gemalto (now part of Thales), Entrust Corporation, IDEMIA, Veridos, and HID Global. These companies offer comprehensive solutions encompassing secure document design, chip manufacturing, personalization services, and software for border control and visa processing. Gemalto, for instance, is known for its expertise in secure identity solutions and has been involved in numerous national e-passport projects. IDEMIA focuses on augmented identity technologies, providing advanced biometric and data protection features. Entrust specializes in digital security and card issuance, while Veridos, a joint venture of Giesecke+Devrient and Bundesdruckerei, excels in government-approved identity solutions. HID Global offers secure identity management across various applications. These players compete on innovation, security compliance, and ability to deliver scalable, interoperable systems tailored to government requirements.

Recent Developments

Recent developments in the e-passport and e-visa market reflect ongoing innovation and adaptation to emerging needs. There has been a significant push towards integrating contactless and mobile-based solutions, allowing travelers to store e-passports and e-visas on smartphones for added convenience. Enhancements in biometric technologies, such as the adoption of multi-modal biometrics combining facial, fingerprint, and iris recognition, are improving accuracy and security. Cybersecurity measures have been strengthened to protect against data breaches, with increased use of advanced encryption and blockchain technology for secure data exchange. Additionally, several countries have launched new e-visa programs or expanded existing ones to include more nationalities, driven by post-pandemic recovery efforts to boost tourism. Partnerships between governments and technology providers have accelerated, focusing on developing next-generation travel documents that are more resilient to fraud and easier to use.

Report Segmentation

The e-passport and e-visa market report is segmented to provide detailed analysis across various dimensions. Segmentation by type includes e-passports and e-visas, each analyzed for their technological features, adoption rates, and security standards. By application, the market is divided into leisure travel, business travel, and government/diplomatic use, highlighting specific requirements and growth patterns in each segment. Geographically, the report covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional policies, infrastructure, and market dynamics. Further segmentation may include analysis by technology, such as RFID, biometrics, and encryption, and by end-user, focusing on government agencies, travelers, and service providers. This structured approach allows for a comprehensive understanding of market trends, opportunities, and challenges across different segments and regions.

FAQs

What is an e-passport? An e-passport, also known as a biometric passport, contains an embedded electronic chip that stores the holder's biometric information, such as facial image, fingerprints, and personal details, to enhance security and prevent forgery.

How does an e-visa work? An e-visa is an electronically issued visa that allows travelers to apply online, submit required documents, make payments, and receive approval digitally, often linked to their passport number for border verification.

Which countries use e-passports? Many countries worldwide have adopted e-passports, including the United States, United Kingdom, Germany, Australia, India, and numerous others, as part of efforts to improve border security and comply with international standards.

Are e-visas secure? E-visas incorporate advanced security measures such as encryption, secure online portals, and biometric verification to protect applicant data and prevent fraud, making them a secure alternative to traditional visas.

What are the benefits of e-passports? E-passports offer enhanced security through biometric authentication, faster processing at automated border controls, reduced risk of identity theft, and greater durability compared to traditional passports.

Can e-visas be used for multiple entries? The validity and entry conditions of e-visas vary by country; some allow multiple entries within a specified period, while others are single-entry, depending on the issuing nation's policies.

Citius Research has developed a research report titled “E-passport and E-visa Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• E-passport and E-visa Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The E-passport and E-visa Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

E-passport and E-visa Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

E-passport and E-visa Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of E-passport and E-visa Market
• Research Methodology
• Executive Summary
• Market Dynamics of E-passport and E-visa Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of E-passport and E-visa Market
• Cost and Gross Margin Analysis of E-passport and E-visa Market
• E-passport and E-visa Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “E-passport and E-visa Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

E-passport and E-visa Market Key Stakeholders

Below are the key stakeholders for the E-passport and E-visa Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

E-passport and E-visa Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the E-passport and E-visa Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the E-passport and E-visa Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in E-passport and E-visa Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global E-passport and E-visa Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global E-passport and E-visa Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global E-passport and E-visa Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global E-passport and E-visa Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global E-passport and E-visa Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global E-passport and E-visa Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America E-passport and E-visa Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America E-passport and E-visa Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe E-passport and E-visa Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA E-passport and E-visa Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific E-passport and E-visa Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa E-passport and E-visa Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia E-passport and E-visa Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports