Research Methodology on Smart Textiles for Military Market
The research methodology adopted to perform an in-depth market analysis of the Smart Textiles for the Military is a combination of Primary, Secondary, and Demand-side and Supply-side data triangulation. This diverse approach helps attain results with meaningful insights.
Primary Research:
Primary data was collected using interviews. The number of participants covered was over 150, including experts from the industry and related fields. Interviews were conducted via telephonic interviews, email surveys, and in-person interviews. This method helps in accessing knowledge from industry experts, who can provide precise information that could not otherwise be obtained from secondary sources.
Secondary Research:
The secondary research involved the study of reports and publications from industry associations such as the Textile Institute, and the European Textile Machinery Federation, global strategic business reports, press releases, and sources such as Economic Times, Bloomberg, and SEC filings. Also, the company websites and company annual reports were also studied.
Supply Side & Demand Side Data Triangulation:
In order to arrive at the overview of the Smart Textiles for the Military Market, both Supply & demand sides were considered by collecting and analyzing data from value chain players of smart textiles for the military. An Origin-Destination analysis approach has been used to comprehend the level of usage rate of Smart Textiles for the Military by the end-users. We have identified the demand and supply side players across the value chain and the data points were collected from the respective sources to identify the Smart Textiles for Military market value.
Bottom-up & Top-down Approach:
A bottom-up approach has been used to compile the Smart Textiles for Military market, where the global market has been derived using the region-wise market size. The top-down approach has been used to further validate the total market size estimation as well as to better understand the potential future opportunities.
Factor Analysis:
Readings from primary & secondary sources have been critically analyzed as per the parameters, such as market participants, market share of the participants, product & service pricing, regional pricing trends, demand & supply analysis, and key contributing factors & dynamics responsible for high & diminished market growth.
Time Series Analysis:
Time-series analysis is used to study the array of market aspects. The continuous variations of market trends, characteristics, and growth factors associated with the Smart Textiles for Military Market have been determined on a periodic basis. The market trends did cover the past decade and the current market situation was analyzed using a practical approach for obtaining a precise growth projection.
Data Analysis:
Data obtained from the primary & secondary resources has been triangulated to define overall market size estimation. The data obtained from the primary sources have been verified through secondary sources such as industry associations, trade magazines, as well as other business reports. The collected and diverse information is further scrutinized using SWOT & PORTERS analysis to arrive at a comprehensive & precise market size evaluation.
Exhaustive secondary research has been conducted to collect information regarding industry stakeholders, market size, application trends & developments. The collected data was validated and reviewed by industry experts.
These estimates could be further affirmed by accessing a multitude of information sources, such as trade magazines, trade organizations, industry publications, etc. The research methodology adopted aims to categorize, analyze, and forecast the Smart Textiles for the Military market from 2023 to 2030 based on different segments, such as product type, application, end-users, and regional analysis.
