Aerial Imaging Market Size (2021-2031) and Analysis
The Aerial Imaging Market is expected to register a CAGR of 6.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Air Vehicle (Helicopters, Airships, Aerostats, UAVs, Others); Application (Geospatial Monitoring, Disaster Management, Defense and Intelligence, Energy, Natural Resource Management, Others); End-User (Government & Military, Commercial Enterprises, Forestry & Agriculture, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Aerial Imaging Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aerial Imaging Market Segmentation
Air Vehicle
- Helicopters
- Airships
- Aerostats
- UAVs
- Others
Application
- Geospatial Monitoring
- Disaster Management
- Defense and Intelligence
- Energy
- Natural Resource Management
- Others
End-User
- Government & Military
- Commercial Enterprises
- Forestry & Agriculture
- Others
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
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Aerial Imaging Market: Strategic Insights
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Aerial Imaging Market Growth Drivers
- Growing Demand for Geospatial Data in Various Industries: The increasing demand for precise geospatial data across industries like agriculture, construction, real estate, mining, and infrastructure is a key driver for the aerial imaging market. Aerial imagery provides highly accurate and up-to-date data that is critical for decision-making processes in land management, crop monitoring, urban planning, and asset management. This rising reliance on aerial imaging for better planning and operational efficiency drives the growth of the market.
- Advancements in Drone and UAV Technology: The rapid advancements in drone and UAV (unmanned aerial vehicle) technology have significantly boosted the aerial imaging market. Modern drones are equipped with high-resolution cameras, LiDAR sensors, and GPS systems that allow for detailed and accurate aerial imaging. These technological improvements have made aerial imaging more accessible, cost-effective, and efficient, driving widespread adoption across industries that require real-time, high-quality imagery for applications like mapping, surveillance, and environmental monitoring.
- Increased Focus on Environmental Monitoring and Conservation: As environmental concerns grow and the need for sustainable development becomes more urgent, aerial imaging is playing an increasingly important role in monitoring natural resources, wildlife, and ecosystems. Aerial imagery is used for tracking deforestation, monitoring water bodies, analyzing soil health, and assessing the impact of climate change. With the heightened focus on environmental conservation and policy enforcement, the demand for aerial imaging solutions is surging, particularly for applications in environmental research, disaster management, and climate monitoring
Aerial Imaging Market Future Trends
- Integration of AI and Machine Learning in Image Analysis: A key trend in the aerial imaging market is the integration of artificial intelligence (AI) and machine learning (ML) technologies into image analysis. AI and ML algorithms can process large volumes of aerial imagery to automatically detect patterns, classify objects, and identify changes over time. This improves the efficiency and accuracy of aerial imaging applications, particularly in industries such as agriculture (crop health monitoring), urban planning (building and infrastructure detection), and defense (surveillance and reconnaissance). The growing use of AI and ML enhances the value of aerial imaging data and broadens its range of applications.
- Increase in the Use of 3D Mapping and Modeling: The use of 3D mapping and modeling is a rapidly growing trend in the aerial imaging market. Drones equipped with high-precision cameras and LiDAR sensors are now capable of capturing detailed three-dimensional maps of landscapes, buildings, and infrastructure. This data is valuable for industries like construction, urban planning, and mining, where 3D modeling helps with site analysis, project design, and monitoring of construction progress. The trend towards 3D imaging allows for a more accurate and visual representation of terrain and structures, pushing the boundaries of what aerial imaging can achieve.
- Growth of Aerial Imagery in Real-Time Monitoring: There is an increasing trend towards the use of real-time aerial imagery for applications such as live surveillance, disaster response, and traffic monitoring. With the ability to stream live images or video from drones or UAVs, businesses and government agencies can respond more quickly to emerging situations. This is particularly relevant in sectors like search and rescue, public safety, and infrastructure monitoring, where quick decision-making is crucial. The ability to capture and analyze real-time aerial data is a significant advantage in the modern data-driven world, fostering the expansion of the market
Aerial Imaging Market Opportunities
- Expansion of Drones in Commercial Applications: There is a significant opportunity for growth in the commercial drone market, which is a major driver of the aerial imaging market. As drone technology becomes more affordable and versatile, its use in various commercial sectors such as agriculture, real estate, mining, and infrastructure inspection is rapidly expanding. Drones equipped with high-resolution cameras and sensors provide valuable data for applications like crop health analysis, property surveys, and aerial inspections of construction sites and wind turbines. The expansion of drone use across different sectors offers immense opportunities for companies providing aerial imaging services and solutions.
- Adoption of Aerial Imaging in Smart City Development: Smart city development is another emerging opportunity for the aerial imaging market. As cities grow and become more complex, aerial imaging helps urban planners and developers monitor infrastructure, assess land use, and ensure efficient land management. Drones and UAVs can capture up-to-date imagery for use in mapping, traffic management, and environmental monitoring. As smart city initiatives gain momentum worldwide, the demand for high-quality aerial imagery to support sustainable urban development and real-time infrastructure management will provide significant growth opportunities for the market.
- Collaboration with the Insurance Industry for Risk Assessment: The insurance industry presents a promising opportunity for the aerial imaging market, particularly in risk assessment, claims processing, and disaster response. Aerial imagery, especially from drones, can be used to assess damage after natural disasters, such as floods, wildfires, or hurricanes, providing accurate information for insurers. Additionally, aerial imaging can be used for property inspections, helping insurers evaluate risks more accurately. As the insurance sector continues to leverage technology for more efficient operations and better risk management, there is significant potential for the aerial imaging market to expand its role in this industry
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aerial Imaging Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aerial Imaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the major trends driving the aerial imaging market are:
1. Integration of Artificial Intelligence (AI) with Imaging Technologies
2. Integration of Aerial Imaging in Construction
The Aerial Imaging Market is estimated to witness a CAGR of 6.3% from 2023 to 2031
The major factors driving the aerial imaging market are:
1. Increasing Demand Aerial Surveillance
2. Increase in Military Spending
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aerial Imaging Market - By Air Vehicle
1.3.2 Aerial Imaging Market - By Application
1.3.3 Aerial Imaging Market - By End-User
1.3.4 Aerial Imaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AERIAL IMAGING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AERIAL IMAGING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AERIAL IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. AERIAL IMAGING - GLOBAL MARKET OVERVIEW
6.2. AERIAL IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AERIAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 – AIR VEHICLE
7.1. OVERVIEW
7.2. AIR VEHICLE MARKET FORECASTS AND ANALYSIS
7.3. HELICOPTERS
7.3.1. Overview
7.3.2. Helicopters Market Forecast and Analysis
7.4. AIRSHIPS
7.4.1. Overview
7.4.2. Airships Market Forecast and Analysis
7.5. BALLOONS
7.5.1. Overview
7.5.2. Balloons Market Forecast and Analysis
7.6. UNMANNED AERIAL VEHICLE (UAVS)
7.6.1. Overview
7.6.2. Unmanned Aerial Vehicle (UAVs) Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. AERIAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GEOSPATIAL MONITORING
8.3.1. Overview
8.3.2. Geospatial Monitoring Market Forecast and Analysis
8.4. DISASTER MANAGEMENT
8.4.1. Overview
8.4.2. Disaster Management Market Forecast and Analysis
8.5. DEFENSE AND INTELLIGENCE
8.5.1. Overview
8.5.2. Defense and Intelligence Market Forecast and Analysis
8.6. ENERGY
8.6.1. Overview
8.6.2. Energy Market Forecast and Analysis
8.7. NATURAL RESOURCE MANAGEMENT
8.7.1. Overview
8.7.2. Natural Resource Management Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. AERIAL IMAGING MARKET - REVENUE AND FORECASTS TO 2028 – END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. GOVERNMENT
9.3.1. Overview
9.3.2. Government Market Forecast and Analysis
9.4. COMMERCIAL ENTERPRISE
9.4.1. Overview
9.4.2. Commercial Enterprise Market Forecast and Analysis
9.5. INSURANCE
9.5.1. Overview
9.5.2. Insurance Market Forecast and Analysis
9.6. MILITARY
9.6.1. Overview
9.6.2. Military Market Forecast and Analysis
9.7. CIVIL ENGINEERING
9.7.1. Overview
9.7.2. Civil Engineering Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. AERIAL IMAGING MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
- 10.1.1 North America Aerial Imaging Market Overview
- 10.1.2 North America Aerial Imaging Market Forecasts and Analysis
- 10.1.3 North America Aerial Imaging Market Forecasts and Analysis - By Air Vehicle
- 10.1.4 North America Aerial Imaging Market Forecasts and Analysis - By Application
- 10.1.5 North America Aerial Imaging Market Forecasts and Analysis - By End-User
- 10.1.6 North America Aerial Imaging Market Forecasts and Analysis - By Countries
10.1.6.1 United States Aerial Imaging Market
- 10.1.6.1.1 United States Aerial Imaging Market by Air Vehicle
- 10.1.6.1.2 United States Aerial Imaging Market by Application
- 10.1.6.1.3 United States Aerial Imaging Market by End-User
10.1.6.2 Canada Aerial Imaging Market
- 10.1.6.2.1 Canada Aerial Imaging Market by Air Vehicle
- 10.1.6.2.2 Canada Aerial Imaging Market by Application
- 10.1.6.2.3 Canada Aerial Imaging Market by End-User
10.1.6.3 Mexico Aerial Imaging Market
- 10.1.6.3.1 Mexico Aerial Imaging Market by Air Vehicle
- 10.1.6.3.2 Mexico Aerial Imaging Market by Application
- 10.1.6.3.3 Mexico Aerial Imaging Market by End-User
10.2. EUROPE
- 10.2.1 Europe Aerial Imaging Market Overview
- 10.2.2 Europe Aerial Imaging Market Forecasts and Analysis
- 10.2.3 Europe Aerial Imaging Market Forecasts and Analysis - By Air Vehicle
- 10.2.4 Europe Aerial Imaging Market Forecasts and Analysis - By Application
- 10.2.5 Europe Aerial Imaging Market Forecasts and Analysis - By End-User
- 10.2.6 Europe Aerial Imaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Aerial Imaging Market
- 10.2.6.1.1 Germany Aerial Imaging Market by Air Vehicle
- 10.2.6.1.2 Germany Aerial Imaging Market by Application
- 10.2.6.1.3 Germany Aerial Imaging Market by End-User
10.2.6.2 France Aerial Imaging Market
- 10.2.6.2.1 France Aerial Imaging Market by Air Vehicle
- 10.2.6.2.2 France Aerial Imaging Market by Application
- 10.2.6.2.3 France Aerial Imaging Market by End-User
10.2.6.3 Italy Aerial Imaging Market
- 10.2.6.3.1 Italy Aerial Imaging Market by Air Vehicle
- 10.2.6.3.2 Italy Aerial Imaging Market by Application
- 10.2.6.3.3 Italy Aerial Imaging Market by End-User
10.2.6.4 United Kingdom Aerial Imaging Market
- 10.2.6.4.1 United Kingdom Aerial Imaging Market by Air Vehicle
- 10.2.6.4.2 United Kingdom Aerial Imaging Market by Application
- 10.2.6.4.3 United Kingdom Aerial Imaging Market by End-User
10.2.6.5 Russia Aerial Imaging Market
- 10.2.6.5.1 Russia Aerial Imaging Market by Air Vehicle
- 10.2.6.5.2 Russia Aerial Imaging Market by Application
- 10.2.6.5.3 Russia Aerial Imaging Market by End-User
10.2.6.6 Rest of Europe Aerial Imaging Market
- 10.2.6.6.1 Rest of Europe Aerial Imaging Market by Air Vehicle
- 10.2.6.6.2 Rest of Europe Aerial Imaging Market by Application
- 10.2.6.6.3 Rest of Europe Aerial Imaging Market by End-User
10.3. ASIA-PACIFIC
- 10.3.1 Asia-Pacific Aerial Imaging Market Overview
- 10.3.2 Asia-Pacific Aerial Imaging Market Forecasts and Analysis
- 10.3.3 Asia-Pacific Aerial Imaging Market Forecasts and Analysis - By Air Vehicle
- 10.3.4 Asia-Pacific Aerial Imaging Market Forecasts and Analysis - By Application
- 10.3.5 Asia-Pacific Aerial Imaging Market Forecasts and Analysis - By End-User
- 10.3.6 Asia-Pacific Aerial Imaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Aerial Imaging Market
- 10.3.6.1.1 Australia Aerial Imaging Market by Air Vehicle
- 10.3.6.1.2 Australia Aerial Imaging Market by Application
- 10.3.6.1.3 Australia Aerial Imaging Market by End-User
10.3.6.2 China Aerial Imaging Market
- 10.3.6.2.1 China Aerial Imaging Market by Air Vehicle
- 10.3.6.2.2 China Aerial Imaging Market by Application
- 10.3.6.2.3 China Aerial Imaging Market by End-User
10.3.6.3 India Aerial Imaging Market
- 10.3.6.3.1 India Aerial Imaging Market by Air Vehicle
- 10.3.6.3.2 India Aerial Imaging Market by Application
- 10.3.6.3.3 India Aerial Imaging Market by End-User
10.3.6.4 Japan Aerial Imaging Market
- 10.3.6.4.1 Japan Aerial Imaging Market by Air Vehicle
- 10.3.6.4.2 Japan Aerial Imaging Market by Application
- 10.3.6.4.3 Japan Aerial Imaging Market by End-User
10.3.6.5 South Korea Aerial Imaging Market
- 10.3.6.5.1 South Korea Aerial Imaging Market by Air Vehicle
- 10.3.6.5.2 South Korea Aerial Imaging Market by Application
- 10.3.6.5.3 South Korea Aerial Imaging Market by End-User
10.3.6.6 Rest of Asia-Pacific Aerial Imaging Market
- 10.3.6.6.1 Rest of Asia-Pacific Aerial Imaging Market by Air Vehicle
- 10.3.6.6.2 Rest of Asia-Pacific Aerial Imaging Market by Application
- 10.3.6.6.3 Rest of Asia-Pacific Aerial Imaging Market by End-User
10.4. MIDDLE EAST AND AFRICA
- 10.4.1 Middle East and Africa Aerial Imaging Market Overview
- 10.4.2 Middle East and Africa Aerial Imaging Market Forecasts and Analysis
- 10.4.3 Middle East and Africa Aerial Imaging Market Forecasts and Analysis - By Air Vehicle
- 10.4.4 Middle East and Africa Aerial Imaging Market Forecasts and Analysis - By Application
- 10.4.5 Middle East and Africa Aerial Imaging Market Forecasts and Analysis - By End-User
- 10.4.6 Middle East and Africa Aerial Imaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Aerial Imaging Market
- 10.4.6.1.1 South Africa Aerial Imaging Market by Air Vehicle
- 10.4.6.1.2 South Africa Aerial Imaging Market by Application
- 10.4.6.1.3 South Africa Aerial Imaging Market by End-User
10.4.6.2 Saudi Arabia Aerial Imaging Market
- 10.4.6.2.1 Saudi Arabia Aerial Imaging Market by Air Vehicle
- 10.4.6.2.2 Saudi Arabia Aerial Imaging Market by Application
- 10.4.6.2.3 Saudi Arabia Aerial Imaging Market by End-User
10.4.6.3 U.A.E Aerial Imaging Market
- 10.4.6.3.1 U.A.E Aerial Imaging Market by Air Vehicle
- 10.4.6.3.2 U.A.E Aerial Imaging Market by Application
- 10.4.6.3.3 U.A.E Aerial Imaging Market by End-User
10.4.6.4 Rest of Middle East and Africa Aerial Imaging Market
- 10.4.6.4.1 Rest of Middle East and Africa Aerial Imaging Market by Air Vehicle
- 10.4.6.4.2 Rest of Middle East and Africa Aerial Imaging Market by Application
- 10.4.6.4.3 Rest of Middle East and Africa Aerial Imaging Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
- 10.5.1 South and Central America Aerial Imaging Market Overview
- 10.5.2 South and Central America Aerial Imaging Market Forecasts and Analysis
- 10.5.3 South and Central America Aerial Imaging Market Forecasts and Analysis - By Air Vehicle
- 10.5.4 South and Central America Aerial Imaging Market Forecasts and Analysis - By Application
- 10.5.5 South and Central America Aerial Imaging Market Forecasts and Analysis - By End-User
- 10.5.6 South and Central America Aerial Imaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Aerial Imaging Market
- 10.5.6.1.1 Brazil Aerial Imaging Market by Air Vehicle
- 10.5.6.1.2 Brazil Aerial Imaging Market by Application
- 10.5.6.1.3 Brazil Aerial Imaging Market by End-User
10.5.6.2 Argentina Aerial Imaging Market
- 10.5.6.2.1 Argentina Aerial Imaging Market by Air Vehicle
- 10.5.6.2.2 Argentina Aerial Imaging Market by Application
- 10.5.6.2.3 Argentina Aerial Imaging Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AERIAL IMAGING MARKET, KEY COMPANY PROFILES
12.1. AEROPTIC, LLC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BLOM ASA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COOPER AERIAL SURVEYS CO.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DIGITAL AERIAL SOLUTIONS, LLC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EAGLE VIEW TECHNOLOGIES, INC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. FUGRO N.V.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GLOBAL UAV TECHNOLOGIES LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. KUCERA INTERNATIONAL INC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LANDISCOR REAL ESTATE MAPPING
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NEARMAP LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Aeroptic, LLC
- Blom ASA
- Cooper Aerial Surveys Co.
- Digital Aerial Solutions, LLC.
- Eagle View Technologies, Inc
- Fugro N.V.
- Global UAV Technologies Ltd
- Kucera International Inc
- Landiscor Real Estate Mapping
- Nearmap Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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