Nano Drones Market SWOT Analysis by 2031
Drones, also known as Unmanned Aerial Vehicles (UAVs), are remotely controlled aircraft that vary in size from hand-operated systems to long-range, high-altitude systems that work similarly to small planes. Drones were originally intended for use in the defense sector to collect intelligence and provide surveillance and reconnaissance for the military. Miniature drones are known as nano drones. Nano drones are small enough to fit in the palm of your hand and are simple to control. Nano drones are easier to control and maneuver since they have smaller rotors and motors. They also come with specialized payloads and need minimal production and procurement costs. As a result, they are seeing an increase in demand from the defense industry, specifically to track cross-border terrorism and revolts.
MARKET DYNAMICS
Rising need of monitoring cross-border terrorism and revolts and escalating military expenditure in developing countries around the world is driving the growth of the nano drones market. However, high initial and maintenance cost, strict airspace regulations may restrain the growth of the nano drones market. Further, integration of nano drones with artificial intelligence is anticipated to create market opportunities for the nano drones market during the forecast period.
MARKET SCOPE
The "Global Nano drones Market Analysis to 2031" is a specialized and in-depth study of the nano drones market with a special focus on the global market trend analysis. The report aims to provide an overview of nano drones market with detailed market segmentation by type, propulsion system, payload, application, and geography. The global nano drones market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nano drones market players and offers key trends and opportunities in the nano drones market.
MARKET SEGMENTATION
The global nano drones market is segmented on the basis of type, propulsion system, payload, and application. Based on type, the nano drones market can be segmented into fixed wing and rotary wing. On the basis of propulsion system, the market can be bifurcated into solar, hydrogen cell, fuel cell, lithium-ion battery, and hybrid. Based on payload, the nano drones market can be segmented into camera, sensors, video screen, telemetry systems, and others. In terms of application, the nano drones market can be segmented into commercial and defense.
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 nano drones 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 nano drones 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 nano drones 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 nano drones market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global nano drones 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 nano drones 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 nano drones 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 nano drones market in these regions.
MARKET PLAYERS
The reports cover key developments in the nano drones 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 nano drones market are anticipated to lucrative growth opportunities in the future with the rising demand for nano drones. Below mentioned is the list of few companies engaged in the nano drones market.
The report also includes the profiles of key nano drones 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.
- AeroVironment, Inc.
- Drona Aviation Pvt Ltd
- Elbit Systems Ltd.
- Hubsan Technology Company Ltd
- Lockheed Martin Corporation
- MICRODRONES
- Parrot Drone SAS
- Saab AB
- Thales Group
- TRNDlabs
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 Nano Drones Market - By Type
1.3.2 Nano Drones Market - By Propulsion system
1.3.3 Nano Drones Market - By Payload
1.3.4 Nano Drones Market - By Application
1.3.5 Nano Drones Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NANO DRONES 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. NANO DRONES 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. NANO DRONES MARKET - GLOBAL MARKET ANALYSIS
6.1. NANO DRONES - GLOBAL MARKET OVERVIEW
6.2. NANO DRONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NANO DRONES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED WING
7.3.1. Overview
7.3.2. Fixed Wing Market Forecast and Analysis
7.4. ROTARY WING
7.4.1. Overview
7.4.2. Rotary Wing Market Forecast and Analysis
8. NANO DRONES MARKET - REVENUE AND FORECASTS TO 2028 - PROPULSION SYSTEM
8.1. OVERVIEW
8.2. PROPULSION SYSTEM MARKET FORECASTS AND ANALYSIS
8.3. SOLAR
8.3.1. Overview
8.3.2. Solar Market Forecast and Analysis
8.4. HYDROGEN CELL
8.4.1. Overview
8.4.2. Hydrogen Cell Market Forecast and Analysis
8.5. FUEL CELL
8.5.1. Overview
8.5.2. Fuel Cell Market Forecast and Analysis
8.6. LITHIUM-ION BATTERY
8.6.1. Overview
8.6.2. Lithium-Ion Battery Market Forecast and Analysis
8.7. HYBRID
8.7.1. Overview
8.7.2. Hybrid Market Forecast and Analysis
9. NANO DRONES MARKET - REVENUE AND FORECASTS TO 2028 - PAYLOAD
9.1. OVERVIEW
9.2. PAYLOAD MARKET FORECASTS AND ANALYSIS
9.3. CAMERA
9.3.1. Overview
9.3.2. Camera Market Forecast and Analysis
9.4. SENSORS
9.4.1. Overview
9.4.2. Sensors Market Forecast and Analysis
9.5. VIDEO SCREEN
9.5.1. Overview
9.5.2. Video Screen Market Forecast and Analysis
9.6. TELEMETRY SYSTEMS
9.6.1. Overview
9.6.2. telemetry Systems Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. NANO DRONES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. COMMERCIAL
10.3.1. Overview
10.3.2. Commercial Market Forecast and Analysis
10.4. DEFENSE
10.4.1. Overview
10.4.2. Defense Market Forecast and Analysis
11. NANO DRONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Nano Drones Market Overview
11.1.2 North America Nano Drones Market Forecasts and Analysis
11.1.3 North America Nano Drones Market Forecasts and Analysis - By Type
11.1.4 North America Nano Drones Market Forecasts and Analysis - By Propulsion system
11.1.5 North America Nano Drones Market Forecasts and Analysis - By Payload
11.1.6 North America Nano Drones Market Forecasts and Analysis - By Application
11.1.7 North America Nano Drones Market Forecasts and Analysis - By Countries
11.1.7.1 United States Nano Drones Market
11.1.7.1.1 United States Nano Drones Market by Type
11.1.7.1.2 United States Nano Drones Market by Propulsion system
11.1.7.1.3 United States Nano Drones Market by Payload
11.1.7.1.4 United States Nano Drones Market by Application
11.1.7.2 Canada Nano Drones Market
11.1.7.2.1 Canada Nano Drones Market by Type
11.1.7.2.2 Canada Nano Drones Market by Propulsion system
11.1.7.2.3 Canada Nano Drones Market by Payload
11.1.7.2.4 Canada Nano Drones Market by Application
11.1.7.3 Mexico Nano Drones Market
11.1.7.3.1 Mexico Nano Drones Market by Type
11.1.7.3.2 Mexico Nano Drones Market by Propulsion system
11.1.7.3.3 Mexico Nano Drones Market by Payload
11.1.7.3.4 Mexico Nano Drones Market by Application
11.2. EUROPE
11.2.1 Europe Nano Drones Market Overview
11.2.2 Europe Nano Drones Market Forecasts and Analysis
11.2.3 Europe Nano Drones Market Forecasts and Analysis - By Type
11.2.4 Europe Nano Drones Market Forecasts and Analysis - By Propulsion system
11.2.5 Europe Nano Drones Market Forecasts and Analysis - By Payload
11.2.6 Europe Nano Drones Market Forecasts and Analysis - By Application
11.2.7 Europe Nano Drones Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Nano Drones Market
11.2.7.1.1 Germany Nano Drones Market by Type
11.2.7.1.2 Germany Nano Drones Market by Propulsion system
11.2.7.1.3 Germany Nano Drones Market by Payload
11.2.7.1.4 Germany Nano Drones Market by Application
11.2.7.2 France Nano Drones Market
11.2.7.2.1 France Nano Drones Market by Type
11.2.7.2.2 France Nano Drones Market by Propulsion system
11.2.7.2.3 France Nano Drones Market by Payload
11.2.7.2.4 France Nano Drones Market by Application
11.2.7.3 Italy Nano Drones Market
11.2.7.3.1 Italy Nano Drones Market by Type
11.2.7.3.2 Italy Nano Drones Market by Propulsion system
11.2.7.3.3 Italy Nano Drones Market by Payload
11.2.7.3.4 Italy Nano Drones Market by Application
11.2.7.4 United Kingdom Nano Drones Market
11.2.7.4.1 United Kingdom Nano Drones Market by Type
11.2.7.4.2 United Kingdom Nano Drones Market by Propulsion system
11.2.7.4.3 United Kingdom Nano Drones Market by Payload
11.2.7.4.4 United Kingdom Nano Drones Market by Application
11.2.7.5 Russia Nano Drones Market
11.2.7.5.1 Russia Nano Drones Market by Type
11.2.7.5.2 Russia Nano Drones Market by Propulsion system
11.2.7.5.3 Russia Nano Drones Market by Payload
11.2.7.5.4 Russia Nano Drones Market by Application
11.2.7.6 Rest of Europe Nano Drones Market
11.2.7.6.1 Rest of Europe Nano Drones Market by Type
11.2.7.6.2 Rest of Europe Nano Drones Market by Propulsion system
11.2.7.6.3 Rest of Europe Nano Drones Market by Payload
11.2.7.6.4 Rest of Europe Nano Drones Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Nano Drones Market Overview
11.3.2 Asia-Pacific Nano Drones Market Forecasts and Analysis
11.3.3 Asia-Pacific Nano Drones Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Nano Drones Market Forecasts and Analysis - By Propulsion system
11.3.5 Asia-Pacific Nano Drones Market Forecasts and Analysis - By Payload
11.3.6 Asia-Pacific Nano Drones Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Nano Drones Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Nano Drones Market
11.3.7.1.1 Australia Nano Drones Market by Type
11.3.7.1.2 Australia Nano Drones Market by Propulsion system
11.3.7.1.3 Australia Nano Drones Market by Payload
11.3.7.1.4 Australia Nano Drones Market by Application
11.3.7.2 China Nano Drones Market
11.3.7.2.1 China Nano Drones Market by Type
11.3.7.2.2 China Nano Drones Market by Propulsion system
11.3.7.2.3 China Nano Drones Market by Payload
11.3.7.2.4 China Nano Drones Market by Application
11.3.7.3 India Nano Drones Market
11.3.7.3.1 India Nano Drones Market by Type
11.3.7.3.2 India Nano Drones Market by Propulsion system
11.3.7.3.3 India Nano Drones Market by Payload
11.3.7.3.4 India Nano Drones Market by Application
11.3.7.4 Japan Nano Drones Market
11.3.7.4.1 Japan Nano Drones Market by Type
11.3.7.4.2 Japan Nano Drones Market by Propulsion system
11.3.7.4.3 Japan Nano Drones Market by Payload
11.3.7.4.4 Japan Nano Drones Market by Application
11.3.7.5 South Korea Nano Drones Market
11.3.7.5.1 South Korea Nano Drones Market by Type
11.3.7.5.2 South Korea Nano Drones Market by Propulsion system
11.3.7.5.3 South Korea Nano Drones Market by Payload
11.3.7.5.4 South Korea Nano Drones Market by Application
11.3.7.6 Rest of Asia-Pacific Nano Drones Market
11.3.7.6.1 Rest of Asia-Pacific Nano Drones Market by Type
11.3.7.6.2 Rest of Asia-Pacific Nano Drones Market by Propulsion system
11.3.7.6.3 Rest of Asia-Pacific Nano Drones Market by Payload
11.3.7.6.4 Rest of Asia-Pacific Nano Drones Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Nano Drones Market Overview
11.4.2 Middle East and Africa Nano Drones Market Forecasts and Analysis
11.4.3 Middle East and Africa Nano Drones Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Nano Drones Market Forecasts and Analysis - By Propulsion system
11.4.5 Middle East and Africa Nano Drones Market Forecasts and Analysis - By Payload
11.4.6 Middle East and Africa Nano Drones Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Nano Drones Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Nano Drones Market
11.4.7.1.1 South Africa Nano Drones Market by Type
11.4.7.1.2 South Africa Nano Drones Market by Propulsion system
11.4.7.1.3 South Africa Nano Drones Market by Payload
11.4.7.1.4 South Africa Nano Drones Market by Application
11.4.7.2 Saudi Arabia Nano Drones Market
11.4.7.2.1 Saudi Arabia Nano Drones Market by Type
11.4.7.2.2 Saudi Arabia Nano Drones Market by Propulsion system
11.4.7.2.3 Saudi Arabia Nano Drones Market by Payload
11.4.7.2.4 Saudi Arabia Nano Drones Market by Application
11.4.7.3 U.A.E Nano Drones Market
11.4.7.3.1 U.A.E Nano Drones Market by Type
11.4.7.3.2 U.A.E Nano Drones Market by Propulsion system
11.4.7.3.3 U.A.E Nano Drones Market by Payload
11.4.7.3.4 U.A.E Nano Drones Market by Application
11.4.7.4 Rest of Middle East and Africa Nano Drones Market
11.4.7.4.1 Rest of Middle East and Africa Nano Drones Market by Type
11.4.7.4.2 Rest of Middle East and Africa Nano Drones Market by Propulsion system
11.4.7.4.3 Rest of Middle East and Africa Nano Drones Market by Payload
11.4.7.4.4 Rest of Middle East and Africa Nano Drones Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Nano Drones Market Overview
11.5.2 South and Central America Nano Drones Market Forecasts and Analysis
11.5.3 South and Central America Nano Drones Market Forecasts and Analysis - By Type
11.5.4 South and Central America Nano Drones Market Forecasts and Analysis - By Propulsion system
11.5.5 South and Central America Nano Drones Market Forecasts and Analysis - By Payload
11.5.6 South and Central America Nano Drones Market Forecasts and Analysis - By Application
11.5.7 South and Central America Nano Drones Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Nano Drones Market
11.5.7.1.1 Brazil Nano Drones Market by Type
11.5.7.1.2 Brazil Nano Drones Market by Propulsion system
11.5.7.1.3 Brazil Nano Drones Market by Payload
11.5.7.1.4 Brazil Nano Drones Market by Application
11.5.7.2 Rest of South and Central America Nano Drones Market
11.5.7.2.1 Rest of South and Central America Nano Drones Market by Type
11.5.7.2.2 Rest of South and Central America Nano Drones Market by Propulsion system
11.5.7.2.3 Rest of South and Central America Nano Drones Market by Payload
11.5.7.2.4 Rest of South and Central America Nano Drones 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. NANO DRONES MARKET, KEY COMPANY PROFILES
13.1. AEROVIRONMENT, INC.
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. DRONA AVIATION PVT LTD
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. ELBIT SYSTEMS LTD.
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. HUBSAN TECHNOLOGY COMPANY 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. LOCKHEED MARTIN CORPORATION
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. MICRODRONES
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. PARROT DRONE SAS
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. SAAB AB
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. THALES GROUP
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. TRNDLABS
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. AeroVironment, Inc.
2. Drona Aviation Pvt Ltd
3. Elbit Systems Ltd.
4. Hubsan Technology Company Ltd
5. Lockheed Martin Corporation
6. MICRODRONES
7. Parrot Drone SAS
8. Saab AB
9. Thales Group
10. TRNDlabs
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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