Automatic Identification System Market Segmented by Class (Class A, Class B, & AIS Base Stations), Platform (Onshore-Based, and Vessel-Based), Application (Vessels Tracking, Maritime Security, Fleet Management, Other Applications), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

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The automatic identification system market is expected to grow from USD 247 million in 2020 to USD 390.7 million by 2028, at a CAGR of 6% during the forecast period 2021-2028.

An Automatic Identification System (AIS) refers to an automated tracking system operated by using the transceivers on ships. AIS aids in providing information supplementing the marine radar and is a primary method used in water transport to avoid a collision. The AIS equipment includes information such as the position, unique identification, course and speed of the vessel. This information can be displayed using ECDIS (Electronic Chart Display and Information System). The AIS assists the vessel's officers and the maritime authorities to monitor and keep track of the movements of the ship. Vessels with AIS can be tracked from the base stations located near the coastlines.

The driving factors for the growth of the market are improved maritime navigation and traffic management due to the incorporation of AIS in the large ships and vessels, the improvement in coastal surveillance with the help of AIS. The factors restraining the market's growth are the challenges faced with the use of AIS, such as the determination of track range and also its reporting capabilities. The government regulations which urge the use of AIS for safety reasons are an excellent opportunity for the players in the market.

This study delivers a comprehensive analysis of class, platform, application and region. The class segment includes Class A, Class B, & AIS Base Stations. Class A segment held the most significant market share in 2020 and is expected to grow with the highest CAGR during the forecast period. This growth rate is due to the increase in the use of Class A in accordance with the mandatory regulations instilled by the International Maritime Organization (IMO) for the incorporation of automatic identification systems on Safety of Life At Sea (SOLAS) vessels.The platform segment includes Onshore-Based and Vessel-Based. The vessel-based platform held the most significant market share in 2020 and is expected to have a dominant position in the market during the forecast period. This growth rate is owing to the increasing adoption of vessel-based platforms in a vast number of vessels worldwide and also the support and clear mandates by the government for the integration of AIS into the vessels.The application segment includes Vessels Tracking, Maritime Security, Fleet Management, and Other Applications. The maritime security segment held the most significant market share in 2020 owing to rising issues of illegal immigration of drugs and arms through the sea, terrorist attacks, and the incidence of transactional attacks has increased the demand for AIS to ensure safety in the marine sector.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America held a leading market share in 2020 mainly due to the favorable policies of the government, mandates and safety protocols implemented by the government primarily focused on monitoring and safeguarding the maritime industry in the regions of North America. The market in Asia-Pacific is anticipated to witness a significant growth rate due to the increasing implementation of the development program by the authorities in their respective regions.

The notable players operating in the automatic identification system market include Japan Radio Co. Ltd. (Japan), Orbcomm Inc., Furuno Electric Co. Ltd., Exactearth Ltd., Kongsberg Inc., ORBCOMM (U.S.), SAAB Transponder Tech AB, L-3 Communications Holdings Inc., Garmin International Inc., Honeywell International Inc., Raytheon Ltd., and Thales Group.

Automatic Identification System Market Analysis and Forecast, Class

  • Class A
  • Class B
  • AIS Base Stations

Automatic Identification System Market Analysis and Forecast, Platform

  • Onshore-Based
  • Vessel-Based

Automatic Identification System Market Analysis and Forecast, Application

  • Vessels Tracking
  • Maritime Security
  • Fleet Management
  • Other Applications

Automatic Identification System Market Analysis and Forecast, Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2020, historic year 2018 and 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of global market for all segments and region
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Class
          4.3.2. Market Attractiveness Analysis By Platform
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Improved maritime navigation and traffic management
          5.2.2. Improvement in coastal surveillance
    5.3. Restraints
          5.3.1. Determination of track range and reporting capabilities
    5.4. Opportunities
          5.4.1. Government regulations
6. Global Automatic Identification System Market Analysis and Forecast, By Class
    6.1. Segment Overview
    6.2. Class A
    6.3. Class B
    6.4. AIS Base Stations
7. Global Automatic Identification System Market Analysis and Forecast, By Platform
    7.1. Segment Overview
    7.2. Onshore-Based
    7.3. Vessel-Based
8. Global Automatic Identification System Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Vessels Tracking
    8.3. Maritime Security
    8.4. Fleet Management
    8.5. Other Applications
9. Global Automatic Identification System Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
10. Global Automatic Identification System Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Automatic Identification System Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Asia-Pacific Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Platform Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
11. Company Profiles
    11.1. Japan Radio Co. Ltd.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Platform Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Orbcomm Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Platform Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Furuno Electric Co. Ltd.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Platform Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Exactearth Ltd.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Platform Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Kongsberg Inc.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Platform Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. ORBCOMM
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Platform Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. SAAB Transponder Tech AB
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Platform Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. L-3 Communications Holdings Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Platform Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Garmin International Inc.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Platform Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Honeywell International Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Platform Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Raytheon Ltd.
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Platform Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Thales Group
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Platform Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis

List of Table

1. Global Automatic Identification System Market, By Class, 2018-2028 (USD Million)

2. Global Class A, Automatic Identification System Market, By Region, 2018-2028 (USD Million) 

3. Global Class B, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

4. Global AIS Base Stations, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

5. Global Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

6. Global On-Shore Based, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

7. Global Vessel Based, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

8. Global Automatic Identification System Market, ByApplication, 2018-2028 (USD Million)

9. Global Vessels Tracking, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

10. Global Maritime Security, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

11. Global Fleet Management, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

12. Global Other Applications, Automatic Identification System Market, By Region, 2018-2028 (USD Million)

13. North America Automatic Identification System Market, By Class, 2018-2028 (USD Million)

14. North America Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

15. North America Automatic Identification System Market, By Application, 2018-2028 (USD Million)

16. U.S. Automatic Identification System Market, By Class, 2018-2028 (USD Million)

17. U.S. Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

18. U.S. Automatic Identification System Market, By Application, 2018-2028 (USD Million)

19. Canada Automatic Identification System Market, By Class, 2018-2028 (USD Million)

20. CanadaAutomatic Identification System Market, By Platform, 2018-2028 (USD Million)

21. Canada Automatic Identification System Market, By Application, 2018-2028 (USD Million)

22. Mexico Automatic Identification System Market, By Class, 2018-2028 (USD Million)

23. Mexico Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

24. Mexico Automatic Identification System Market, By Application, 2018-2028 (USD Million)

25. Europe Automatic Identification System Market, By Class, 2018-2028 (USD Million)

26. Europe Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

27. Europe Automatic Identification System Market, By Application, 2018-2028 (USD Million)

28. Germany Automatic Identification System Market, By Class, 2018-2028 (USD Million)

29. Germany Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

30. Germany Automatic Identification System Market, By Application, 2018-2028 (USD Million)

31. France Automatic Identification System Market, By Class, 2018-2028 (USD Million)

32. France Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

33. France Automatic Identification System Market, By Application, 2018-2028 (USD Million)

34. U.K. Automatic Identification System Market, By Class, 2018-2028 (USD Million)

35. U.K. Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

36. U.K. Automatic Identification System Market, By Application, 2018-2028 (USD Million)

37. Italy Automatic Identification System Market, By Class, 2018-2028 (USD Million)

38. Italy Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

39. Italy Automatic Identification System Market, By Application, 2018-2028 (USD Million)

40. Spain Automatic Identification System Market, By Class, 2018-2028 (USD Million)

41. Spain Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

42. Spain Automatic Identification System Market, By Application, 2018-2028 (USD Million)

43. Asia Pacific Automatic Identification System Market, By Class, 2018-2028 (USD Million)

44. Asia Pacific Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

45. Asia Pacific Automatic Identification System Market, By Application, 2018-2028 (USD Million)

46. Japan Automatic Identification System Market, By Class, 2018-2028 (USD Million)

47. Japan Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

48. Japan Automatic Identification System Market, By Application, 2018-2028 (USD Million)

49. China Automatic Identification System Market, By Class, 2018-2028 (USD Million)

50. China Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

51. China Automatic Identification System Market, By Application, 2018-2028 (USD Million)

52. India Automatic Identification System Market, By Class, 2018-2028 (USD Million)

53. India Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

54. India Automatic Identification System Market, By Application, 2018-2028 (USD Million)

55. South America Automatic Identification System Market, By Class, 2018-2028 (USD Million)

56. South America Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

57. South America Automatic Identification System Market, By Application, 2018-2028 (USD Million)

58. Brazil Automatic Identification System Market, By Class, 2018-2028 (USD Million)

59. Brazil Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

60. Brazil Automatic Identification System Market, By Application, 2018-2028 (USD Million)

61. Middle East and Africa Automatic Identification System Market, By Class, 2018-2028 (USD Million)

62. Middle East and Africa Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

63. Middle East and Africa Automatic Identification System Market, By Application, 2018-2028 (USD Million)

64. UAE Automatic Identification System Market, By Class, 2018-2028 (USD Million)

65. UAE Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

66. UAE Automatic Identification System Market, By Application, 2018-2028 (USD Million)

67. South Africa Automatic Identification System Market, By Class, 2018-2028 (USD Million)

68. South Africa Automatic Identification System Market, By Platform, 2018-2028 (USD Million)

69. South Africa Automatic Identification System Market, By Application, 2018-2028 (USD Million)

List of Figures 

1. Global Automatic Identification System Market Segmentation

2. Global Automatic Identification System Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Automatic Identification System Market Attractiveness Analysis By Class

9. Global Automatic Identification System Market Attractiveness Analysis By Platform 

10. Global Automatic Identification System Market Attractiveness Analysis By Application

11. Global Automatic Identification System Market Attractiveness Analysis By Region

12. Global Automatic Identification System Market: Dynamics

13. Global Automatic Identification System Market Share by Class (2021 & 2028)

14. Global Automatic Identification System Market Share by Platform (2021 & 2028)

15. Global Automatic Identification System Market Share by Application (2021 & 2028)

16. Global Automatic Identification System Market Share by Regions (2021 & 2028)

17. Global Automatic Identification System Market Share by Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!

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Hi Siddhartha-san,
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Hello Sapna,
Thanks for the report. We've been going through it and see some good data on the market and players.

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