Tactical UAV Market Developments by 2031
Tactical UAVs are heavier UAVs (from 150 to 1,500 kilograms) that fly at higher altitudes (from 3,000 to 8,000 meters) and are currently used primarily to support military applications. Tactical UAV is responsible for surveillance as well as reconnaissance missions. There are various types of tactical UAV's available in the market such as close-range (CR) UAVs, medium-range endurance (MRE) UAVs, short-range (SR) UAVs, low-altitude deep penetration (LADP) UAVs, medium-range (MR) UAVs, and low-altitude long-endurance (LALE) UAVs. All these types of tactical UAVs are being used for military, homeland security, civil & commercial, and others type of securities.
MARKET SCOPE
The "Global Tactical UAV Market Analysis to 2031" is a specialized and in-depth study of the tactical UAV industry with a focus on the global market trend. The report aims to provide an overview of global tactical UAV market with detailed market segmentation by type, application, and geography. The global tactical UAV market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the tactical UAV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as close-range (CR) UAVs, medium-range endurance (MRE) UAVs, short-range (SR) UAVs, low-altitude deep penetration (LADP) UAVs, medium-range (MR) UAVs, and low-altitude long-endurance (LALE) UAVs.
- On the basis of application, the market is segmented as military, homeland security, and others.
MARKET DYNAMICS
Drivers:
- The increasing technological developments of drone payloads, and mounting usage of UAV's to fight terrorism across various region.
- The growing inclination for modern warfare techniques by defense forces, and rising deployment of UAVs for aerial remote sensing.
Restraints:
- The several issues associated with the acceptance of UAVs politically and socially, and shortage of skilled & trained workforces for operating UAVs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Tactical UAVs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Tactical UAVs market.
IMPACT OF COVID-19 ON TACTICAL UAVS MARKET
In 2021, COVID-19 had become a global pandemic, resulting in nationwide lockdowns and economic slowdown. Multiple aspects of life have been impacted by this circumstance, ranging from consumer products to industrial activity. National and international transportation has been delayed as a result of the various countries' lockdowns, which has had a substantial influence on the tactical UAVs supply chain around the world, widening the supply-demand imbalance. As a result, insufficient raw material supply is predicted to slow down the manufacturing rate of these systems, reducing market growth. Furthermore, as a result of COVID-19's consequences, the manufacturing procedures for tactical UAVs have severely slowed. This is due to production halts and interrupted supply chains, which have impacted the market's global operations and revenue. However, the situation is anticipated to improve as governments around the world begin to reduce regulations to allow businesses to resume operations in 2021. For instance, in April 2021, the German Government approved a US$ 3.59 billion worth contract to develop a European military drone. Airbus, Dassault, and Leonardo are expected to build the drone. The German military will receive 12 ground control stations, 21 drones, and four simulators from the joint project with France, Spain, and Italy, with delivery, anticipated to start in 2031. Further, in January 2021, IdeaForge received a contract from the Indian government of approximately US$ 20 million for undisclosed quantities of a high-altitude variant of ideaForge's SWITCH UAV, delivered over one year. Such developments, procurements, and contracts of new drones for the defense forces are anticipated to drive the growth of tactical UAVs in the coming years (2022-2031).
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Tactical UAVs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Tactical UAVs market.
IMPACT OF COVID-19 ON TACTICAL UAVS MARKET
In 2021, COVID-19 had become a global pandemic, resulting in nationwide lockdowns and economic slowdown. Multiple aspects of life have been impacted by this circumstance, ranging from consumer products to industrial activity. National and international transportation has been delayed as a result of the various countries' lockdowns, which has had a substantial influence on the tactical UAVs supply chain around the world, widening the supply-demand imbalance. As a result, insufficient raw material supply is predicted to slow down the manufacturing rate of these systems, reducing market growth. Furthermore, as a result of COVID-19's consequences, the manufacturing procedures for tactical UAVs have severely slowed. This is due to production halts and interrupted supply chains, which have impacted the market's global operations and revenue. However, the situation is anticipated to improve as governments around the world begin to reduce regulations to allow businesses to resume operations in 2021. For instance, in April 2021, the German Government approved a US$ 3.59 billion worth contract to develop a European military drone. Airbus, Dassault, and Leonardo are expected to build the drone. The German military will receive 12 ground control stations, 21 drones, and four simulators from the joint project with France, Spain, and Italy, with delivery, anticipated to start in 2031. Further, in January 2021, IdeaForge received a contract from the Indian government of approximately US$ 20 million for undisclosed quantities of a high-altitude variant of ideaForge's SWITCH UAV, delivered over one year. Such developments, procurements, and contracts of new drones for the defense forces are anticipated to drive the growth of tactical UAVs in the coming years (2022-2031).
MARKET PLAYERS
The report covers key developments in the Tactical UAVs 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Tactical UAVs market are anticipated to lucrative growth opportunities in the future with the rising demand for Tactical UAVs in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Tactical UAVs market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aeronautics Ltd.
- Safran S.A.
- Boeing
- AeroVironment, Inc.
- Elbit Systems Ltd.
- BlueBird Aero Systems Ltd.
- Baykar
- General Atomics
- Leonardo S.p.A.
- Northrop Grumman Corporation
- 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 Tactical UAV Market - By Types
1.3.2 Tactical UAV Market - By Application
1.3.3 Tactical UAV Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TACTICAL UAV 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. TACTICAL UAV 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. TACTICAL UAV MARKET - GLOBAL MARKET ANALYSIS
6.1. TACTICAL UAV - GLOBAL MARKET OVERVIEW
6.2. TACTICAL UAV - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TACTICAL UAV MARKET - REVENUE AND FORECASTS TO 2028 - TYPES
7.1. OVERVIEW
7.2. TYPES MARKET FORECASTS AND ANALYSIS
7.3. CLOSE-RANGE (CR) UAVS
7.3.1. Overview
7.3.2. Close-Range (CR) UAVs Market Forecast and Analysis
7.4. SHORT-RANGE (SR) UAVS
7.4.1. Overview
7.4.2. Short-Range (SR) UAVs Market Forecast and Analysis
7.5. MEDIUM-RANGE (MR) UAVS
7.5.1. Overview
7.5.2. Medium-Range (MR) UAVs Market Forecast and Analysis
7.6. LOW-ALTITUDE DEEP PENETRATION (LADP) UAVS
7.6.1. Overview
7.6.2. Low-Altitude Deep Penetration (LADP) UAVs Market Forecast and Analysis
7.7. LOW-ALTITUDE LONG-ENDURANCE (LALE) UAVS
7.7.1. Overview
7.7.2. Low-Altitude Long-Endurance (LALE) UAVs Market Forecast and Analysis
7.8. MEDIUM-RANGE ENDURANCE (MRE) UAVS
7.8.1. Overview
7.8.2. Medium-Range Endurance (MRE) UAVs Market Forecast and Analysis
8. TACTICAL UAV MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MILITARY
8.3.1. Overview
8.3.2. Military Market Forecast and Analysis
8.4. HOMELAND SECURITY
8.4.1. Overview
8.4.2. Homeland Security Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. TACTICAL UAV MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tactical UAV Market Overview
9.1.2 North America Tactical UAV Market Forecasts and Analysis
9.1.3 North America Tactical UAV Market Forecasts and Analysis - By Types
9.1.4 North America Tactical UAV Market Forecasts and Analysis - By Application
9.1.5 North America Tactical UAV Market Forecasts and Analysis - By Countries
9.1.5.1 United States Tactical UAV Market
9.1.5.1.1 United States Tactical UAV Market by Types
9.1.5.1.2 United States Tactical UAV Market by Application
9.1.5.2 Canada Tactical UAV Market
9.1.5.2.1 Canada Tactical UAV Market by Types
9.1.5.2.2 Canada Tactical UAV Market by Application
9.1.5.3 Mexico Tactical UAV Market
9.1.5.3.1 Mexico Tactical UAV Market by Types
9.1.5.3.2 Mexico Tactical UAV Market by Application
9.2. EUROPE
9.2.1 Europe Tactical UAV Market Overview
9.2.2 Europe Tactical UAV Market Forecasts and Analysis
9.2.3 Europe Tactical UAV Market Forecasts and Analysis - By Types
9.2.4 Europe Tactical UAV Market Forecasts and Analysis - By Application
9.2.5 Europe Tactical UAV Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tactical UAV Market
9.2.5.1.1 Germany Tactical UAV Market by Types
9.2.5.1.2 Germany Tactical UAV Market by Application
9.2.5.2 France Tactical UAV Market
9.2.5.2.1 France Tactical UAV Market by Types
9.2.5.2.2 France Tactical UAV Market by Application
9.2.5.3 Italy Tactical UAV Market
9.2.5.3.1 Italy Tactical UAV Market by Types
9.2.5.3.2 Italy Tactical UAV Market by Application
9.2.5.4 United Kingdom Tactical UAV Market
9.2.5.4.1 United Kingdom Tactical UAV Market by Types
9.2.5.4.2 United Kingdom Tactical UAV Market by Application
9.2.5.5 Russia Tactical UAV Market
9.2.5.5.1 Russia Tactical UAV Market by Types
9.2.5.5.2 Russia Tactical UAV Market by Application
9.2.5.6 Rest of Europe Tactical UAV Market
9.2.5.6.1 Rest of Europe Tactical UAV Market by Types
9.2.5.6.2 Rest of Europe Tactical UAV Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tactical UAV Market Overview
9.3.2 Asia-Pacific Tactical UAV Market Forecasts and Analysis
9.3.3 Asia-Pacific Tactical UAV Market Forecasts and Analysis - By Types
9.3.4 Asia-Pacific Tactical UAV Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Tactical UAV Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tactical UAV Market
9.3.5.1.1 Australia Tactical UAV Market by Types
9.3.5.1.2 Australia Tactical UAV Market by Application
9.3.5.2 China Tactical UAV Market
9.3.5.2.1 China Tactical UAV Market by Types
9.3.5.2.2 China Tactical UAV Market by Application
9.3.5.3 India Tactical UAV Market
9.3.5.3.1 India Tactical UAV Market by Types
9.3.5.3.2 India Tactical UAV Market by Application
9.3.5.4 Japan Tactical UAV Market
9.3.5.4.1 Japan Tactical UAV Market by Types
9.3.5.4.2 Japan Tactical UAV Market by Application
9.3.5.5 South Korea Tactical UAV Market
9.3.5.5.1 South Korea Tactical UAV Market by Types
9.3.5.5.2 South Korea Tactical UAV Market by Application
9.3.5.6 Rest of Asia-Pacific Tactical UAV Market
9.3.5.6.1 Rest of Asia-Pacific Tactical UAV Market by Types
9.3.5.6.2 Rest of Asia-Pacific Tactical UAV Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tactical UAV Market Overview
9.4.2 Middle East and Africa Tactical UAV Market Forecasts and Analysis
9.4.3 Middle East and Africa Tactical UAV Market Forecasts and Analysis - By Types
9.4.4 Middle East and Africa Tactical UAV Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Tactical UAV Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tactical UAV Market
9.4.5.1.1 South Africa Tactical UAV Market by Types
9.4.5.1.2 South Africa Tactical UAV Market by Application
9.4.5.2 Saudi Arabia Tactical UAV Market
9.4.5.2.1 Saudi Arabia Tactical UAV Market by Types
9.4.5.2.2 Saudi Arabia Tactical UAV Market by Application
9.4.5.3 U.A.E Tactical UAV Market
9.4.5.3.1 U.A.E Tactical UAV Market by Types
9.4.5.3.2 U.A.E Tactical UAV Market by Application
9.4.5.4 Rest of Middle East and Africa Tactical UAV Market
9.4.5.4.1 Rest of Middle East and Africa Tactical UAV Market by Types
9.4.5.4.2 Rest of Middle East and Africa Tactical UAV Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tactical UAV Market Overview
9.5.2 South and Central America Tactical UAV Market Forecasts and Analysis
9.5.3 South and Central America Tactical UAV Market Forecasts and Analysis - By Types
9.5.4 South and Central America Tactical UAV Market Forecasts and Analysis - By Application
9.5.5 South and Central America Tactical UAV Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tactical UAV Market
9.5.5.1.1 Brazil Tactical UAV Market by Types
9.5.5.1.2 Brazil Tactical UAV Market by Application
9.5.5.2 Argentina Tactical UAV Market
9.5.5.2.1 Argentina Tactical UAV Market by Types
9.5.5.2.2 Argentina Tactical UAV Market by Application
9.5.5.3 Rest of South and Central America Tactical UAV Market
9.5.5.3.1 Rest of South and Central America Tactical UAV Market by Types
9.5.5.3.2 Rest of South and Central America Tactical UAV Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TACTICAL UAV MARKET, KEY COMPANY PROFILES
11.1. AERONAUTICS LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SAFRAN S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOEING
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. AEROVIRONMENT, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ELBIT SYSTEMS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BLUEBIRD AERO SYSTEMS LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BAYKAR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GENERAL ATOMICS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LEONARDO S.P.A.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NORTHROP GRUMMAN CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Aeronautics Ltd.
2.Safran S.A.
3.Boeing
4.AeroVironment, Inc.
5.Elbit Systems Ltd.
6.BlueBird Aero Systems Ltd.
7.Baykar
8.General Atomics
9.Leonardo S.p.A.
10.Northrop Grumman Corporation
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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