Inspections of wind turbines are carried out using drones. Drones, rather of humans, can reduce the amount of time and money spent. At the same time, they aid in the reduction of workplace and safety risks. As a result, expanding the use of drones for wind turbine inspection is likely to drive market growth. Traditionally, wind turbines were inspected using manual methods, which were dangerous and limited in terms of reaching areas. As a result, there is an increasing demand for wind turbine inspection drones to decrease errors and offer safety, which is propelling the market forward. The market for wind turbine inspection drones is rising as people become more aware of the benefits of renewable energy sources.
MARKET SCOPE
The "Global Wind Turbine Inspection Drones Market Analysis to 2031" is a specialized and in-depth study of the Wind turbine inspection drones Market with a special focus on the global market trend analysis. The report aims to provide an overview of Wind turbine inspection drones market with detailed market segmentation by solutions and end user. The global wind turbine inspection drones market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wind turbine inspection drones market player and offers key trends and opportunities in the wind turbine inspection drones market.
MARKET SEGMENTATION
- Based on solutions the market is segmented as, hardware and software.
- On the basis of end-user the market is segmented as, commercial and military.
MARKET DYNAMICS
Drivers: - Technology advancements in drone and inspection technology
- Advantages provided by drone inspection such as, quick analysis, better image resolution , reduction of error.
- Drone inspection also allows to spot any kind of defect in wind turbines which cannot be done manually.
Restraints: - The wind turbine inspection drones market's growth is restrained by, high cost of drones and their maintenance.
- 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 wind turbine inspection 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 wind turbine inspection 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 wind turbine inspection 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wind turbine inspection drones market in these regions.
IMPACT OF COVID-19 ON WIND TURBINE INSPECTION DRONES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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MARKET PLAYERS- 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 wind turbine inspection 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 wind turbine inspection 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 wind turbine inspection 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wind turbine inspection drones market in these regions.
IMPACT OF COVID-19 ON WIND TURBINE INSPECTION DRONES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the wind turbine inspection drones market 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 wind turbine inspection drones market are anticipated to lucrative growth opportunities in the future with the rising demand for wind turbine inspection drones market. Below mentioned is the list of few companies engaged in the Wind turbine inspection drones market.
The report also includes the profiles of key wind turbine inspection 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.- ABJ RENEWABLES
- AEROVISION CANADA INC.
- Teledyne FLIR LLC
- Cyberhawk
- Droneflight
- EagleEye Drones Private Limited
- Equinox's Drones
- microdrones GmbH
- Remote Monitored Systems plc
- Aerialtronics Commercial Drones
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 Wind Turbine Inspection Drones Market - By Solutions
1.3.2 Wind Turbine Inspection Drones Market - By End-user
1.3.3 Wind Turbine Inspection Drones Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WIND TURBINE INSPECTION 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. WIND TURBINE INSPECTION 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. WIND TURBINE INSPECTION DRONES MARKET - GLOBAL MARKET ANALYSIS
6.1. WIND TURBINE INSPECTION DRONES - GLOBAL MARKET OVERVIEW
6.2. WIND TURBINE INSPECTION DRONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WIND TURBINE INSPECTION DRONES MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTIONS
7.1. OVERVIEW
7.2. SOLUTIONS MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. WIND TURBINE INSPECTION DRONES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. WIND TURBINE INSPECTION DRONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wind Turbine Inspection Drones Market Overview
9.1.2 North America Wind Turbine Inspection Drones Market Forecasts and Analysis
9.1.3 North America Wind Turbine Inspection Drones Market Forecasts and Analysis - By Solutions
9.1.4 North America Wind Turbine Inspection Drones Market Forecasts and Analysis - By End-user
9.1.5 North America Wind Turbine Inspection Drones Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wind Turbine Inspection Drones Market
9.1.5.1.1 United States Wind Turbine Inspection Drones Market by Solutions
9.1.5.1.2 United States Wind Turbine Inspection Drones Market by End-user
9.1.5.2 Canada Wind Turbine Inspection Drones Market
9.1.5.2.1 Canada Wind Turbine Inspection Drones Market by Solutions
9.1.5.2.2 Canada Wind Turbine Inspection Drones Market by End-user
9.1.5.3 Mexico Wind Turbine Inspection Drones Market
9.1.5.3.1 Mexico Wind Turbine Inspection Drones Market by Solutions
9.1.5.3.2 Mexico Wind Turbine Inspection Drones Market by End-user
9.2. EUROPE
9.2.1 Europe Wind Turbine Inspection Drones Market Overview
9.2.2 Europe Wind Turbine Inspection Drones Market Forecasts and Analysis
9.2.3 Europe Wind Turbine Inspection Drones Market Forecasts and Analysis - By Solutions
9.2.4 Europe Wind Turbine Inspection Drones Market Forecasts and Analysis - By End-user
9.2.5 Europe Wind Turbine Inspection Drones Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wind Turbine Inspection Drones Market
9.2.5.1.1 Germany Wind Turbine Inspection Drones Market by Solutions
9.2.5.1.2 Germany Wind Turbine Inspection Drones Market by End-user
9.2.5.2 France Wind Turbine Inspection Drones Market
9.2.5.2.1 France Wind Turbine Inspection Drones Market by Solutions
9.2.5.2.2 France Wind Turbine Inspection Drones Market by End-user
9.2.5.3 Italy Wind Turbine Inspection Drones Market
9.2.5.3.1 Italy Wind Turbine Inspection Drones Market by Solutions
9.2.5.3.2 Italy Wind Turbine Inspection Drones Market by End-user
9.2.5.4 United Kingdom Wind Turbine Inspection Drones Market
9.2.5.4.1 United Kingdom Wind Turbine Inspection Drones Market by Solutions
9.2.5.4.2 United Kingdom Wind Turbine Inspection Drones Market by End-user
9.2.5.5 Russia Wind Turbine Inspection Drones Market
9.2.5.5.1 Russia Wind Turbine Inspection Drones Market by Solutions
9.2.5.5.2 Russia Wind Turbine Inspection Drones Market by End-user
9.2.5.6 Rest of Europe Wind Turbine Inspection Drones Market
9.2.5.6.1 Rest of Europe Wind Turbine Inspection Drones Market by Solutions
9.2.5.6.2 Rest of Europe Wind Turbine Inspection Drones Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wind Turbine Inspection Drones Market Overview
9.3.2 Asia-Pacific Wind Turbine Inspection Drones Market Forecasts and Analysis
9.3.3 Asia-Pacific Wind Turbine Inspection Drones Market Forecasts and Analysis - By Solutions
9.3.4 Asia-Pacific Wind Turbine Inspection Drones Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Wind Turbine Inspection Drones Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wind Turbine Inspection Drones Market
9.3.5.1.1 Australia Wind Turbine Inspection Drones Market by Solutions
9.3.5.1.2 Australia Wind Turbine Inspection Drones Market by End-user
9.3.5.2 China Wind Turbine Inspection Drones Market
9.3.5.2.1 China Wind Turbine Inspection Drones Market by Solutions
9.3.5.2.2 China Wind Turbine Inspection Drones Market by End-user
9.3.5.3 India Wind Turbine Inspection Drones Market
9.3.5.3.1 India Wind Turbine Inspection Drones Market by Solutions
9.3.5.3.2 India Wind Turbine Inspection Drones Market by End-user
9.3.5.4 Japan Wind Turbine Inspection Drones Market
9.3.5.4.1 Japan Wind Turbine Inspection Drones Market by Solutions
9.3.5.4.2 Japan Wind Turbine Inspection Drones Market by End-user
9.3.5.5 South Korea Wind Turbine Inspection Drones Market
9.3.5.5.1 South Korea Wind Turbine Inspection Drones Market by Solutions
9.3.5.5.2 South Korea Wind Turbine Inspection Drones Market by End-user
9.3.5.6 Rest of Asia-Pacific Wind Turbine Inspection Drones Market
9.3.5.6.1 Rest of Asia-Pacific Wind Turbine Inspection Drones Market by Solutions
9.3.5.6.2 Rest of Asia-Pacific Wind Turbine Inspection Drones Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wind Turbine Inspection Drones Market Overview
9.4.2 Middle East and Africa Wind Turbine Inspection Drones Market Forecasts and Analysis
9.4.3 Middle East and Africa Wind Turbine Inspection Drones Market Forecasts and Analysis - By Solutions
9.4.4 Middle East and Africa Wind Turbine Inspection Drones Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Wind Turbine Inspection Drones Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wind Turbine Inspection Drones Market
9.4.5.1.1 South Africa Wind Turbine Inspection Drones Market by Solutions
9.4.5.1.2 South Africa Wind Turbine Inspection Drones Market by End-user
9.4.5.2 Saudi Arabia Wind Turbine Inspection Drones Market
9.4.5.2.1 Saudi Arabia Wind Turbine Inspection Drones Market by Solutions
9.4.5.2.2 Saudi Arabia Wind Turbine Inspection Drones Market by End-user
9.4.5.3 U.A.E Wind Turbine Inspection Drones Market
9.4.5.3.1 U.A.E Wind Turbine Inspection Drones Market by Solutions
9.4.5.3.2 U.A.E Wind Turbine Inspection Drones Market by End-user
9.4.5.4 Rest of Middle East and Africa Wind Turbine Inspection Drones Market
9.4.5.4.1 Rest of Middle East and Africa Wind Turbine Inspection Drones Market by Solutions
9.4.5.4.2 Rest of Middle East and Africa Wind Turbine Inspection Drones Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wind Turbine Inspection Drones Market Overview
9.5.2 South and Central America Wind Turbine Inspection Drones Market Forecasts and Analysis
9.5.3 South and Central America Wind Turbine Inspection Drones Market Forecasts and Analysis - By Solutions
9.5.4 South and Central America Wind Turbine Inspection Drones Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Wind Turbine Inspection Drones Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wind Turbine Inspection Drones Market
9.5.5.1.1 Brazil Wind Turbine Inspection Drones Market by Solutions
9.5.5.1.2 Brazil Wind Turbine Inspection Drones Market by End-user
9.5.5.2 Argentina Wind Turbine Inspection Drones Market
9.5.5.2.1 Argentina Wind Turbine Inspection Drones Market by Solutions
9.5.5.2.2 Argentina Wind Turbine Inspection Drones Market by End-user
9.5.5.3 Rest of South and Central America Wind Turbine Inspection Drones Market
9.5.5.3.1 Rest of South and Central America Wind Turbine Inspection Drones Market by Solutions
9.5.5.3.2 Rest of South and Central America Wind Turbine Inspection Drones Market by End-user
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. WIND TURBINE INSPECTION DRONES MARKET, KEY COMPANY PROFILES
11.1. ABJ RENEWABLES
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. AEROVISION CANADA INC.
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. TELEDYNE FLIR LLC
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. CYBERHAWK
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. DRONEFLIGHT
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. EAGLEEYE DRONES PRIVATE LIMITED
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. EQUINOX'S DRONES
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. MICRODRONES GMBH
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. REMOTE MONITORED SYSTEMS PLC
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. AERIALTRONICS COMMERCIAL DRONES
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. ABJ RENEWABLES
2. AEROVISION CANADA INC.
3. Teledyne FLIR LLC
4. Cyberhawk
5. Droneflight
6. EagleEye Drones Private Limited
7. Equinox's Drones
8. microdrones GmbH
9. Remote Monitored Systems plc
10. Aerialtronics Commercial Drones
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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