Autonomous Last Mile Delivery Market Key Findings by 2031
The autonomous last mile delivery market was valued US$ 57.67 billion in 2021 and it is expected to register a CAGR of 3.0% from 2022 to 2031.
Autonomous last mile delivery is the transportation of goods to the last destination. Last mile delivery comprises a significant share of the overall delivery costs. Growing e-commerce and free shipping options have encouraged customers to place more orders, thereby augmenting the need for highly efficient autonomous last mile delivery solutions. As a result, organizations operating in the autonomous last mile delivery market are investing in research and development activities to implement aerial delivery drones that are further anticipated to boost the growth of the autonomous last mile delivery industry. In September 2022, US aviation regulators approved the designs for the first flying drone for shipping packages and commercial use, encouraging the establishment of the new remote delivery industry. Such developments are anticipated to propel the growth of the global autonomous last mile delivery industry.
Market Dynamics
The global autonomous last mile delivery market is witnessing technological advancements, policy and legislative frameworks, and latest trends in mobility development. A few of the recent trends in the autonomous last mile delivery industry include the drone and ground robot infrastructure. Companies operating in the market are directing their efforts toward automated delivery vehicles with the growing advancements in e-commerce and Mobility as a Service (MaaS). In addition, the market dynamics are changing with new technologies that enable companies to opt for more profitable avenues by shifting toward autonomous technology. This is boosting the global autonomous last mile delivery market growth.
MARKET SCOPE
The "Global Autonomous Last Mile Delivery Market Analysis to 2031" report aims to provide an overview of autonomous last mile delivery industry with detailed segmentation based on platform, payload weight, and range. The report provides key market statistics based on the performances of leading players. It also offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global autonomous last mile delivery market is segmented into platform, payload weight, and range. Based on platform, the autonomous last mile delivery is bifurcated into aerial delivery drones and ground delivery vehicle. Based on payload weight, the autonomous last mile delivery is segmented into below 5 kilograms, 5-10 kilograms, and above 10 kilograms. Further, based on range, the autonomous last mile delivery is bifurcated into short range (less than 20 kilometers) and long range (above 20 kilometers).
The global autonomous last mile delivery market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trend and opportunities prevailing in the region.
North America is held a prominent share in the global autonomous last mile delivery market in 2021. The market growth is majorly attributed to the presence of many vehicle manufacturers and OEM vendors. A few of the key manufacturers in the region include General Motors, Ford, and Waymo. These suppliers are witnessing constant demand from vehicle manufacturers in the region.
The below figure showcases the revenue growth trend of the global autonomous last mile delivery market.
Source: The Insight Partners Analysis
The report analyses factors, such as drivers, restraints, opportunities, and future trends, which are affecting the autonomous last mile delivery market. It also provides exhaustive Porter's five forces analysis of the factors affecting the autonomous last mile delivery market in these regions.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak led to disruptions in the global economy, a shutdown of factories, and labor shortages, which decreased the volume of orders among vehicle manufacturers, resulting in a decline in production volume. Hence, the businesses of various autonomous last mile delivery manufacturers across the globe were adversely affected. However, since 2021, the procurement of autonomous last mile delivery solutions has increased due to the economic recovery and the growing volume of vehicle production and sales. Further, the autonomous last mile delivery market is undergoing a structural reform with a rapid shift toward digitalization. Growth in advanced technologies, such as virtual reality, is anticipated to boost the growth of the global e-commerce industry, which will result in an increased preference for online shopping. According to Walmart, delivery orders placed by customers in the fourth quarter of 2021 were six times the number of orders placed before the onset of the pandemic. Growing advantages of the autonomous last mile delivery solutions, such as the reduced travel distance and increased convenience for shoppers, are anticipated to boost the market growth during the forecast period.
Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The global autonomous last mile delivery market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trend and opportunities prevailing in the region.
North America is held a prominent share in the global autonomous last mile delivery market in 2021. The market growth is majorly attributed to the presence of many vehicle manufacturers and OEM vendors. A few of the key manufacturers in the region include General Motors, Ford, and Waymo. These suppliers are witnessing constant demand from vehicle manufacturers in the region.
The below figure showcases the revenue growth trend of the global autonomous last mile delivery market.
Source: The Insight Partners Analysis
The report analyses factors, such as drivers, restraints, opportunities, and future trends, which are affecting the autonomous last mile delivery market. It also provides exhaustive Porter's five forces analysis of the factors affecting the autonomous last mile delivery market in these regions.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak led to disruptions in the global economy, a shutdown of factories, and labor shortages, which decreased the volume of orders among vehicle manufacturers, resulting in a decline in production volume. Hence, the businesses of various autonomous last mile delivery manufacturers across the globe were adversely affected. However, since 2021, the procurement of autonomous last mile delivery solutions has increased due to the economic recovery and the growing volume of vehicle production and sales. Further, the autonomous last mile delivery market is undergoing a structural reform with a rapid shift toward digitalization. Growth in advanced technologies, such as virtual reality, is anticipated to boost the growth of the global e-commerce industry, which will result in an increased preference for online shopping. According to Walmart, delivery orders placed by customers in the fourth quarter of 2021 were six times the number of orders placed before the onset of the pandemic. Growing advantages of the autonomous last mile delivery solutions, such as the reduced travel distance and increased convenience for shoppers, are anticipated to boost the market growth during the forecast period.
MARKET PLAYERS
The reports cover key developments in the autonomous last mile delivery market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities witnessed in the market, such as acquisitions, partnerships, and collaborations, have encouraged the expansion of business and customer base of market players. Players operating in the autonomous last mile delivery market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for autonomous last mile delivery solutions.
The report includes the profiles of key autonomous last mile delivery market companies, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years. The list of a few companies engaged in the autonomous last mile delivery market is mentioned below:
- Boxbot
- Drone Delivery
- Eliport
- Flytrex
- Marble
- Matternet
- Nuro
- Skycart
- Starship Technologies
- Zipline
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Platform, Payload Weight, Range, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Autonomous Last Mile Delivery Market - By Platform
1.3.2Autonomous Last Mile Delivery Market - By Payload Weight
1.3.3Autonomous Last Mile Delivery Market - By Range
1.3.4Autonomous Last Mile Delivery Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.AUTONOMOUS LAST MILE DELIVERY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTONOMOUS LAST MILE DELIVERY 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 AND RESTRAINTS
6.AUTONOMOUS LAST MILE DELIVERY MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTONOMOUS LAST MILE DELIVERY - GLOBAL MARKET OVERVIEW
6.2.AUTONOMOUS LAST MILE DELIVERY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTONOMOUS LAST MILE DELIVERY MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
7.1.OVERVIEW
7.2.PLATFORM MARKET FORECASTS AND ANALYSIS
7.3.AERIAL DELIVERY DRONES
7.3.1.Overview
7.3.2.Aerial Delivery Drones Market Forecast and Analysis
7.4.GROUND DELIVERY VEHICLE
7.4.1.Overview
7.4.2.Ground Delivery Vehicle Market Forecast and Analysis
8.AUTONOMOUS LAST MILE DELIVERY MARKET - REVENUE AND FORECASTS TO 2028 - PAYLOAD WEIGHT
8.1.OVERVIEW
8.2.PAYLOAD WEIGHT MARKET FORECASTS AND ANALYSIS
8.3.BELOW 5 KILOGRAMS
8.3.1.Overview
8.3.2.Below 5 Kilograms Market Forecast and Analysis
8.4.5-10 KILOGRAMS
8.4.1.Overview
8.4.2.5-10 Kilograms Market Forecast and Analysis
8.5.ABOVE 10 KILOGRAMS
8.5.1.Overview
8.5.2.Above 10 Kilograms Market Forecast and Analysis
9.AUTONOMOUS LAST MILE DELIVERY MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
9.1.OVERVIEW
9.2.RANGE MARKET FORECASTS AND ANALYSIS
9.3.SHORT RANGE (LESS THAN 20 KILOMETERS)
9.3.1.Overview
9.3.2.Short Range (Less Than 20 Kilometers) Market Forecast and Analysis
9.4.LONG RANGE (ABOVE 20 KILOMETERS)
9.4.1.Overview
9.4.2.Long Range (Above 20 Kilometers) Market Forecast and Analysis
10.AUTONOMOUS LAST MILE DELIVERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Autonomous Last Mile Delivery Market Overview
10.1.2North America Autonomous Last Mile Delivery Market Forecasts and Analysis
10.1.3North America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Platform
10.1.4North America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Payload Weight
10.1.5North America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Range
10.1.6North America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Countries
10.1.6.1Canada Autonomous Last Mile Delivery Market
10.1.6.1.1Canada Autonomous Last Mile Delivery Market by Platform
10.1.6.1.2Canada Autonomous Last Mile Delivery Market by Payload Weight
10.1.6.1.3Canada Autonomous Last Mile Delivery Market by Range
10.1.6.2Mexico Autonomous Last Mile Delivery Market
10.1.6.2.1Mexico Autonomous Last Mile Delivery Market by Platform
10.1.6.2.2Mexico Autonomous Last Mile Delivery Market by Payload Weight
10.1.6.2.3Mexico Autonomous Last Mile Delivery Market by Range
10.1.6.3US Autonomous Last Mile Delivery Market
10.1.6.3.1US Autonomous Last Mile Delivery Market by Platform
10.1.6.3.2US Autonomous Last Mile Delivery Market by Payload Weight
10.1.6.3.3US Autonomous Last Mile Delivery Market by Range
10.2.EUROPE
10.2.1Europe Autonomous Last Mile Delivery Market Overview
10.2.2Europe Autonomous Last Mile Delivery Market Forecasts and Analysis
10.2.3Europe Autonomous Last Mile Delivery Market Forecasts and Analysis - By Platform
10.2.4Europe Autonomous Last Mile Delivery Market Forecasts and Analysis - By Payload Weight
10.2.5Europe Autonomous Last Mile Delivery Market Forecasts and Analysis - By Range
10.2.6Europe Autonomous Last Mile Delivery Market Forecasts and Analysis - By Countries
10.2.6.1Germany Autonomous Last Mile Delivery Market
10.2.6.1.1Germany Autonomous Last Mile Delivery Market by Platform
10.2.6.1.2Germany Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.1.3Germany Autonomous Last Mile Delivery Market by Range
10.2.6.2France Autonomous Last Mile Delivery Market
10.2.6.2.1France Autonomous Last Mile Delivery Market by Platform
10.2.6.2.2France Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.2.3France Autonomous Last Mile Delivery Market by Range
10.2.6.3Italy Autonomous Last Mile Delivery Market
10.2.6.3.1Italy Autonomous Last Mile Delivery Market by Platform
10.2.6.3.2Italy Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.3.3Italy Autonomous Last Mile Delivery Market by Range
10.2.6.4United Kingdom Autonomous Last Mile Delivery Market
10.2.6.4.1United Kingdom Autonomous Last Mile Delivery Market by Platform
10.2.6.4.2United Kingdom Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.4.3United Kingdom Autonomous Last Mile Delivery Market by Range
10.2.6.5Russia Autonomous Last Mile Delivery Market
10.2.6.5.1Russia Autonomous Last Mile Delivery Market by Platform
10.2.6.5.2Russia Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.5.3Russia Autonomous Last Mile Delivery Market by Range
10.2.6.6Rest of Europe Autonomous Last Mile Delivery Market
10.2.6.6.1Rest of Europe Autonomous Last Mile Delivery Market by Platform
10.2.6.6.2Rest of Europe Autonomous Last Mile Delivery Market by Payload Weight
10.2.6.6.3Rest of Europe Autonomous Last Mile Delivery Market by Range
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Autonomous Last Mile Delivery Market Overview
10.3.2Asia-Pacific Autonomous Last Mile Delivery Market Forecasts and Analysis
10.3.3Asia-Pacific Autonomous Last Mile Delivery Market Forecasts and Analysis - By Platform
10.3.4Asia-Pacific Autonomous Last Mile Delivery Market Forecasts and Analysis - By Payload Weight
10.3.5Asia-Pacific Autonomous Last Mile Delivery Market Forecasts and Analysis - By Range
10.3.6Asia-Pacific Autonomous Last Mile Delivery Market Forecasts and Analysis - By Countries
10.3.6.1Australia Autonomous Last Mile Delivery Market
10.3.6.1.1Australia Autonomous Last Mile Delivery Market by Platform
10.3.6.1.2Australia Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.1.3Australia Autonomous Last Mile Delivery Market by Range
10.3.6.2China Autonomous Last Mile Delivery Market
10.3.6.2.1China Autonomous Last Mile Delivery Market by Platform
10.3.6.2.2China Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.2.3China Autonomous Last Mile Delivery Market by Range
10.3.6.3India Autonomous Last Mile Delivery Market
10.3.6.3.1India Autonomous Last Mile Delivery Market by Platform
10.3.6.3.2India Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.3.3India Autonomous Last Mile Delivery Market by Range
10.3.6.4Japan Autonomous Last Mile Delivery Market
10.3.6.4.1Japan Autonomous Last Mile Delivery Market by Platform
10.3.6.4.2Japan Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.4.3Japan Autonomous Last Mile Delivery Market by Range
10.3.6.5South Korea Autonomous Last Mile Delivery Market
10.3.6.5.1South Korea Autonomous Last Mile Delivery Market by Platform
10.3.6.5.2South Korea Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.5.3South Korea Autonomous Last Mile Delivery Market by Range
10.3.6.6Rest of Asia-Pacific Autonomous Last Mile Delivery Market
10.3.6.6.1Rest of Asia-Pacific Autonomous Last Mile Delivery Market by Platform
10.3.6.6.2Rest of Asia-Pacific Autonomous Last Mile Delivery Market by Payload Weight
10.3.6.6.3Rest of Asia-Pacific Autonomous Last Mile Delivery Market by Range
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Autonomous Last Mile Delivery Market Overview
10.4.2Middle East and Africa Autonomous Last Mile Delivery Market Forecasts and Analysis
10.4.3Middle East and Africa Autonomous Last Mile Delivery Market Forecasts and Analysis - By Platform
10.4.4Middle East and Africa Autonomous Last Mile Delivery Market Forecasts and Analysis - By Payload Weight
10.4.5Middle East and Africa Autonomous Last Mile Delivery Market Forecasts and Analysis - By Range
10.4.6Middle East and Africa Autonomous Last Mile Delivery Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Autonomous Last Mile Delivery Market
10.4.6.1.1South Africa Autonomous Last Mile Delivery Market by Platform
10.4.6.1.2South Africa Autonomous Last Mile Delivery Market by Payload Weight
10.4.6.1.3South Africa Autonomous Last Mile Delivery Market by Range
10.4.6.2Saudi Arabia Autonomous Last Mile Delivery Market
10.4.6.2.1Saudi Arabia Autonomous Last Mile Delivery Market by Platform
10.4.6.2.2Saudi Arabia Autonomous Last Mile Delivery Market by Payload Weight
10.4.6.2.3Saudi Arabia Autonomous Last Mile Delivery Market by Range
10.4.6.3U.A.E Autonomous Last Mile Delivery Market
10.4.6.3.1U.A.E Autonomous Last Mile Delivery Market by Platform
10.4.6.3.2U.A.E Autonomous Last Mile Delivery Market by Payload Weight
10.4.6.3.3U.A.E Autonomous Last Mile Delivery Market by Range
10.4.6.4Rest of Middle East and Africa Autonomous Last Mile Delivery Market
10.4.6.4.1Rest of Middle East and Africa Autonomous Last Mile Delivery Market by Platform
10.4.6.4.2Rest of Middle East and Africa Autonomous Last Mile Delivery Market by Payload Weight
10.4.6.4.3Rest of Middle East and Africa Autonomous Last Mile Delivery Market by Range
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Autonomous Last Mile Delivery Market Overview
10.5.2South and Central America Autonomous Last Mile Delivery Market Forecasts and Analysis
10.5.3South and Central America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Platform
10.5.4South and Central America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Payload Weight
10.5.5South and Central America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Range
10.5.6South and Central America Autonomous Last Mile Delivery Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Autonomous Last Mile Delivery Market
10.5.6.1.1Brazil Autonomous Last Mile Delivery Market by Platform
10.5.6.1.2Brazil Autonomous Last Mile Delivery Market by Payload Weight
10.5.6.1.3Brazil Autonomous Last Mile Delivery Market by Range
10.5.6.2Argentina Autonomous Last Mile Delivery Market
10.5.6.2.1Argentina Autonomous Last Mile Delivery Market by Platform
10.5.6.2.2Argentina Autonomous Last Mile Delivery Market by Payload Weight
10.5.6.2.3Argentina Autonomous Last Mile Delivery Market by Range
10.5.6.3Rest of South and Central America Autonomous Last Mile Delivery Market
10.5.6.3.1Rest of South and Central America Autonomous Last Mile Delivery Market by Platform
10.5.6.3.2Rest of South and Central America Autonomous Last Mile Delivery Market by Payload Weight
10.5.6.3.3Rest of South and Central America Autonomous Last Mile Delivery Market by Range
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.AUTONOMOUS LAST MILE DELIVERY MARKET, KEY COMPANY PROFILES
12.1.BOXBOT
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.DRONE DELIVERY
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.ELIPORT
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.FLYTREX
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.MARBLE
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.MATTERNET
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.NURO
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.SKYCART
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.STARSHIP TECHNOLOGIES
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.ZIPLINE
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
1. Boxbot
2. Drone Delivery
3. Eliport
4. Flytrex
5. Marble
6. Matternet
7. Nuro
8. Skycart
9. Starship Technologies
10. Zipline
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.
Get Free Sample For