Cellular Connected Drone Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Due to growing 5G acceptance and the need for a real-time positioning system, the worldwide cellular connected drone market is projected to witness decent growth during the forecast period. The cellular network is used by cellular-linked drones for drone location, navigation, and contact. A main enabler for rolling out Outside Visible Line of Sight (BVLOS) operations on a larger scale is the use of cellular networks to run a drone while keeping operational costs down leveraging the current network infrastructure. A main enabler for rolling out Outside Visible Line of Sight (BVLOS) operations on a larger scale is the use of cellular networks to run a drone while keeping operational costs down leveraging the current network infrastructure. Due to the rise in demand for fast delivery drone services, demand for the cellular connected drone is expected to increase in the coming years. With substantial growth rates over the last few years, the global cellular connected drone market is rising at a faster pace and the market is expected to expand significantly in the forecast period.
MARKET DYNAMICS
Various drivers such as the demand for delivery of same-day drones is rising and also the growing investment in Smart Cities Innovations specially in developing countries is driving the cellular connected drone market. Also, the advent of 5G technology has made the technological workings of drone at faster pace which is also driving the growth of the cellular connected drone market. However, lack of by effective network ranges in remote areas and various governmental security related concerns and restrictions on drone flying may restrain the growth of the cellular connected drone market. Furthermore, technological advancements in tech and cloud computing among telecom service providers including IoT solutions industry and drone data analytics market is further anticipated to create market opportunities for the cellular connected drone market during the forecast period.
MARKET SCOPE
The "Global Cellular Connected Drone Market Analysis to 2031" is a specialized and in-depth study of the cellular connected drone market with a special focus on the global market trend analysis. The report aims to provide an overview of cellular connected drone market with detailed market segmentation by type, range, component, application, and geography. The global cellular connected drone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cellular connected drone market players and offers key trends and opportunities in the cellular connected drone market.
MARKET SEGMENTATION
The global cellular connected drone market is segmented on the basis of type, range, component and software. On the basis of type, the market is segmented fixed wing drone and rotary wing drone. Similarly, on the basis of range, the market is segmented as visual line of sight (VLOS) and beyond line of sight (BVLOS. Further on basis of component, the market is segmented as hardware and software. Based on application the market is segmented as military and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cellular connected drone market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cellular connected drone market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cellular connected drone market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the cellular connected drone market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cellular connected drone market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cellular connected drone market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cellular connected drone market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the cellular connected drone market in these regions.
MARKET PLAYERS
The reports cover key developments in the cellular connected drone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cellular connected drone market are anticipated to lucrative growth opportunities in the future with the rising demand for cellular connected drone market. Below mentioned is the list of few companies engaged in the cellular connected drone market.
The report also includes the profiles of key cellular connected drone market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Airbus S.A.S.
- AT&T Intellectual Property
- EHang
- Huawei Technologies Co., Ltd.
- Nokia
- Telefónica S.A
- Terra Drone Corp.
- T-Mobile USA, INC
- Verizon
- Vodafone Group Plc.
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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cellular Connected Drone Market - By Type
1.3.2 Cellular Connected Drone Market - By Range
1.3.3 Cellular Connected Drone Market - By Component
1.3.4 Cellular Connected Drone Market - By Application
1.3.5 Cellular Connected Drone Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CELLULAR CONNECTED DRONE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CELLULAR CONNECTED DRONE 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. CELLULAR CONNECTED DRONE MARKET - GLOBAL MARKET ANALYSIS
6.1. CELLULAR CONNECTED DRONE - GLOBAL MARKET OVERVIEW
6.2. CELLULAR CONNECTED DRONE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CELLULAR CONNECTED DRONE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED WING DRONE
7.3.1. Overview
7.3.2. Fixed Wing Drone Market Forecast and Analysis
7.4. ROTARY WING DRONE
7.4.1. Overview
7.4.2. Rotary Wing Drone Market Forecast and Analysis
8. CELLULAR CONNECTED DRONE MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
8.1. OVERVIEW
8.2. RANGE MARKET FORECASTS AND ANALYSIS
8.3. VISUAL LINE OF SIGHT (VLOS)
8.3.1. Overview
8.3.2. Visual Line of Sight (VLOS) Market Forecast and Analysis
8.4. BEYOND LINE OF SIGHT (BVLOS)
8.4.1. Overview
8.4.2. Beyond Line of Sight (BVLOS) Market Forecast and Analysis
9. CELLULAR CONNECTED DRONE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
9.1. OVERVIEW
9.2. COMPONENT MARKET FORECASTS AND ANALYSIS
9.3. HARDWARE
9.3.1. Overview
9.3.2. Hardware Market Forecast and Analysis
9.4. SOFTWARE
9.4.1. Overview
9.4.2. Software Market Forecast and Analysis
10. CELLULAR CONNECTED DRONE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. MILITARY
10.3.1. Overview
10.3.2. Military Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
11. CELLULAR CONNECTED DRONE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cellular Connected Drone Market Overview
11.1.2 North America Cellular Connected Drone Market Forecasts and Analysis
11.1.3 North America Cellular Connected Drone Market Forecasts and Analysis - By Type
11.1.4 North America Cellular Connected Drone Market Forecasts and Analysis - By Range
11.1.5 North America Cellular Connected Drone Market Forecasts and Analysis - By Component
11.1.6 North America Cellular Connected Drone Market Forecasts and Analysis - By Application
11.1.7 North America Cellular Connected Drone Market Forecasts and Analysis - By Countries
11.1.7.1 United States Cellular Connected Drone Market
11.1.7.1.1 United States Cellular Connected Drone Market by Type
11.1.7.1.2 United States Cellular Connected Drone Market by Range
11.1.7.1.3 United States Cellular Connected Drone Market by Component
11.1.7.1.4 United States Cellular Connected Drone Market by Application
11.1.7.2 Canada Cellular Connected Drone Market
11.1.7.2.1 Canada Cellular Connected Drone Market by Type
11.1.7.2.2 Canada Cellular Connected Drone Market by Range
11.1.7.2.3 Canada Cellular Connected Drone Market by Component
11.1.7.2.4 Canada Cellular Connected Drone Market by Application
11.1.7.3 Mexico Cellular Connected Drone Market
11.1.7.3.1 Mexico Cellular Connected Drone Market by Type
11.1.7.3.2 Mexico Cellular Connected Drone Market by Range
11.1.7.3.3 Mexico Cellular Connected Drone Market by Component
11.1.7.3.4 Mexico Cellular Connected Drone Market by Application
11.2. EUROPE
11.2.1 Europe Cellular Connected Drone Market Overview
11.2.2 Europe Cellular Connected Drone Market Forecasts and Analysis
11.2.3 Europe Cellular Connected Drone Market Forecasts and Analysis - By Type
11.2.4 Europe Cellular Connected Drone Market Forecasts and Analysis - By Range
11.2.5 Europe Cellular Connected Drone Market Forecasts and Analysis - By Component
11.2.6 Europe Cellular Connected Drone Market Forecasts and Analysis - By Application
11.2.7 Europe Cellular Connected Drone Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cellular Connected Drone Market
11.2.7.1.1 Germany Cellular Connected Drone Market by Type
11.2.7.1.2 Germany Cellular Connected Drone Market by Range
11.2.7.1.3 Germany Cellular Connected Drone Market by Component
11.2.7.1.4 Germany Cellular Connected Drone Market by Application
11.2.7.2 France Cellular Connected Drone Market
11.2.7.2.1 France Cellular Connected Drone Market by Type
11.2.7.2.2 France Cellular Connected Drone Market by Range
11.2.7.2.3 France Cellular Connected Drone Market by Component
11.2.7.2.4 France Cellular Connected Drone Market by Application
11.2.7.3 Italy Cellular Connected Drone Market
11.2.7.3.1 Italy Cellular Connected Drone Market by Type
11.2.7.3.2 Italy Cellular Connected Drone Market by Range
11.2.7.3.3 Italy Cellular Connected Drone Market by Component
11.2.7.3.4 Italy Cellular Connected Drone Market by Application
11.2.7.4 United Kingdom Cellular Connected Drone Market
11.2.7.4.1 United Kingdom Cellular Connected Drone Market by Type
11.2.7.4.2 United Kingdom Cellular Connected Drone Market by Range
11.2.7.4.3 United Kingdom Cellular Connected Drone Market by Component
11.2.7.4.4 United Kingdom Cellular Connected Drone Market by Application
11.2.7.5 Russia Cellular Connected Drone Market
11.2.7.5.1 Russia Cellular Connected Drone Market by Type
11.2.7.5.2 Russia Cellular Connected Drone Market by Range
11.2.7.5.3 Russia Cellular Connected Drone Market by Component
11.2.7.5.4 Russia Cellular Connected Drone Market by Application
11.2.7.6 Rest of Europe Cellular Connected Drone Market
11.2.7.6.1 Rest of Europe Cellular Connected Drone Market by Type
11.2.7.6.2 Rest of Europe Cellular Connected Drone Market by Range
11.2.7.6.3 Rest of Europe Cellular Connected Drone Market by Component
11.2.7.6.4 Rest of Europe Cellular Connected Drone Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cellular Connected Drone Market Overview
11.3.2 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis
11.3.3 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis - By Range
11.3.5 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis - By Component
11.3.6 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Cellular Connected Drone Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cellular Connected Drone Market
11.3.7.1.1 Australia Cellular Connected Drone Market by Type
11.3.7.1.2 Australia Cellular Connected Drone Market by Range
11.3.7.1.3 Australia Cellular Connected Drone Market by Component
11.3.7.1.4 Australia Cellular Connected Drone Market by Application
11.3.7.2 China Cellular Connected Drone Market
11.3.7.2.1 China Cellular Connected Drone Market by Type
11.3.7.2.2 China Cellular Connected Drone Market by Range
11.3.7.2.3 China Cellular Connected Drone Market by Component
11.3.7.2.4 China Cellular Connected Drone Market by Application
11.3.7.3 India Cellular Connected Drone Market
11.3.7.3.1 India Cellular Connected Drone Market by Type
11.3.7.3.2 India Cellular Connected Drone Market by Range
11.3.7.3.3 India Cellular Connected Drone Market by Component
11.3.7.3.4 India Cellular Connected Drone Market by Application
11.3.7.4 Japan Cellular Connected Drone Market
11.3.7.4.1 Japan Cellular Connected Drone Market by Type
11.3.7.4.2 Japan Cellular Connected Drone Market by Range
11.3.7.4.3 Japan Cellular Connected Drone Market by Component
11.3.7.4.4 Japan Cellular Connected Drone Market by Application
11.3.7.5 South Korea Cellular Connected Drone Market
11.3.7.5.1 South Korea Cellular Connected Drone Market by Type
11.3.7.5.2 South Korea Cellular Connected Drone Market by Range
11.3.7.5.3 South Korea Cellular Connected Drone Market by Component
11.3.7.5.4 South Korea Cellular Connected Drone Market by Application
11.3.7.6 Rest of Asia-Pacific Cellular Connected Drone Market
11.3.7.6.1 Rest of Asia-Pacific Cellular Connected Drone Market by Type
11.3.7.6.2 Rest of Asia-Pacific Cellular Connected Drone Market by Range
11.3.7.6.3 Rest of Asia-Pacific Cellular Connected Drone Market by Component
11.3.7.6.4 Rest of Asia-Pacific Cellular Connected Drone Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cellular Connected Drone Market Overview
11.4.2 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis
11.4.3 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis - By Range
11.4.5 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis - By Component
11.4.6 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Cellular Connected Drone Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cellular Connected Drone Market
11.4.7.1.1 South Africa Cellular Connected Drone Market by Type
11.4.7.1.2 South Africa Cellular Connected Drone Market by Range
11.4.7.1.3 South Africa Cellular Connected Drone Market by Component
11.4.7.1.4 South Africa Cellular Connected Drone Market by Application
11.4.7.2 Saudi Arabia Cellular Connected Drone Market
11.4.7.2.1 Saudi Arabia Cellular Connected Drone Market by Type
11.4.7.2.2 Saudi Arabia Cellular Connected Drone Market by Range
11.4.7.2.3 Saudi Arabia Cellular Connected Drone Market by Component
11.4.7.2.4 Saudi Arabia Cellular Connected Drone Market by Application
11.4.7.3 U.A.E Cellular Connected Drone Market
11.4.7.3.1 U.A.E Cellular Connected Drone Market by Type
11.4.7.3.2 U.A.E Cellular Connected Drone Market by Range
11.4.7.3.3 U.A.E Cellular Connected Drone Market by Component
11.4.7.3.4 U.A.E Cellular Connected Drone Market by Application
11.4.7.4 Rest of Middle East and Africa Cellular Connected Drone Market
11.4.7.4.1 Rest of Middle East and Africa Cellular Connected Drone Market by Type
11.4.7.4.2 Rest of Middle East and Africa Cellular Connected Drone Market by Range
11.4.7.4.3 Rest of Middle East and Africa Cellular Connected Drone Market by Component
11.4.7.4.4 Rest of Middle East and Africa Cellular Connected Drone Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cellular Connected Drone Market Overview
11.5.2 South and Central America Cellular Connected Drone Market Forecasts and Analysis
11.5.3 South and Central America Cellular Connected Drone Market Forecasts and Analysis - By Type
11.5.4 South and Central America Cellular Connected Drone Market Forecasts and Analysis - By Range
11.5.5 South and Central America Cellular Connected Drone Market Forecasts and Analysis - By Component
11.5.6 South and Central America Cellular Connected Drone Market Forecasts and Analysis - By Application
11.5.7 South and Central America Cellular Connected Drone Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cellular Connected Drone Market
11.5.7.1.1 Brazil Cellular Connected Drone Market by Type
11.5.7.1.2 Brazil Cellular Connected Drone Market by Range
11.5.7.1.3 Brazil Cellular Connected Drone Market by Component
11.5.7.1.4 Brazil Cellular Connected Drone Market by Application
11.5.7.2 Rest of South and Central America Cellular Connected Drone Market
11.5.7.2.1 Rest of South and Central America Cellular Connected Drone Market by Type
11.5.7.2.2 Rest of South and Central America Cellular Connected Drone Market by Range
11.5.7.2.3 Rest of South and Central America Cellular Connected Drone Market by Component
11.5.7.2.4 Rest of South and Central America Cellular Connected Drone Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CELLULAR CONNECTED DRONE MARKET, KEY COMPANY PROFILES
13.1. AIRBUS S.A.S
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AT AND T INTELLECTUAL PROPERTY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EHANG
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HUAWEI TECHNOLOGIES CO., LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. NOKIA
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. TELEFóNICA S.A
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. TERRA DRONE CORP.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. T-MOBILE USA, INC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VERIZON
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VODAFONE GROUP PLC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Airbus S.A.S
2. AT and T Intellectual Property
3. EHang
4. Huawei Technologies Co., Ltd.
5. Nokia
6. Telefónica S.A
7. Terra Drone Corp.
8. T-Mobile USA, INC
9. Verizon
10. Vodafone Group Plc.
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