The drone identification market is heavily driven by the growing terrorists' activities and security breaches across the globe. Terrorist activities now even include usage of drones for capturing images of various parameters in the region of attack. Owing to this fact, unmanned aerial vehicle manufacturers along with different defense forces and through government initiatives, are developing robust technologies in order to detect the enemy drones and to counter them. The development of drone identification and their countermeasure techniques have helped defense forces, law enforcement agencies, and homeland securities to detect the enemy drones.
MARKET DYNAMICS
Increasing incidents of security breaches across the globe and Federal Aviation Administration (FAA) mandates for identification of drones are some of the major factors driving the growth of the drone identification system market. However, vulnerability of drones to hacking, hijacking, spoofing, and cloud-based attacks can be the factor of restrain. Moreover, development of advanced network-based intrusion detection and prohibition systems, introduction of smart detection systems equipped with sensors having broad detection range and implementation of tracking systems to detect birds, micro drones, aircraft or other obstacles is anticipated to boost the growth of the market
MARKET SCOPE
The "Global Drone Identification System Market Analysis to 2028" is a specialized and in-depth study of the Drone identification system market with a special focus on the global market trend analysis. The report aims to provide an overview of Drone identification system market with detailed market segmentation by application, technology, end user. The global Drone identification system market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone identification system market player and offers key trends and opportunities in the Drone identification system market.
MARKET SEGMENTATION
The global Drone identification system market is segmented on the basis of application, technology, end user. On the basis of application, market is segmented as drone mounting, ground station. On the basis of technology, market is segmented as identification and detection, counter measures. On the basis of end user, market is segmented as military, commercial, homeland security
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 Drone identification system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Drone identification system 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 Drone identification system 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 effecting the Drone identification system 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 Drone identification system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Drone identification system 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 Drone identification system 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 effecting the Drone identification system market in these regions.
MARKET PLAYERS
The reports cover key developments in the Drone identification system 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 Drone identification system market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone identification system market. Below mentioned is the list of few companies engaged in the Drone identification system market.
The report also includes the profiles of key Drone identification system 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.
- Thales Group
- Mistral Solutions Pvt. Ltd.
- Leonardo S.P.A.
- Kelvin Hughes Limited
- Precision Hawk
- Dedrone, Inc.
- Droneshield
- Blighter Surveillance Systems Ltd.
- Dronelabs LLC
- Rinicom Ltd
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
1.3.1Drone Identification Systems Market - By Application
1.3.2Drone Identification Systems Market - By Technology
1.3.3Drone Identification Systems Market - By End User
1.3.4Drone Identification Systems Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.DRONE IDENTIFICATION SYSTEMS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTERâ™S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.DRONE IDENTIFICATION SYSTEMS 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.DRONE IDENTIFICATION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1.DRONE IDENTIFICATION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2.DRONE IDENTIFICATION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.DRONE IDENTIFICATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
7.1.OVERVIEW
7.2.APPLICATION MARKET FORECASTS AND ANALYSIS
7.3.DRONE MOUNTING
7.3.1.Overview
7.3.2.Drone Mounting Market Forecast and Analysis
7.4.GROUND STATION
7.4.1.Overview
7.4.2.Ground Station Market Forecast and Analysis
8.DRONE IDENTIFICATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.IDENTIFICATION AND DETECTION
8.3.1.Overview
8.3.2.Identification and Detection Market Forecast and Analysis
8.3.3.Light Sense Market
8.3.3.1.Overview
8.3.3.2.Light Sense Market Forecast and Analysis
8.3.4.Acoustic Market
8.3.4.1.Overview
8.3.4.2.Acoustic Market Forecast and Analysis
8.3.5.RF Sensing Market
8.3.5.1.Overview
8.3.5.2.RF Sensing Market Forecast and Analysis
8.3.6.ADS-B Market
8.3.6.1.Overview
8.3.6.2.ADS-B Market Forecast and Analysis
8.3.7.Drone Surveillance Radar Market
8.3.7.1.Overview
8.3.7.2.Drone Surveillance Radar Market Forecast and Analysis
8.3.8.Electro-Optics Market
8.3.8.1.Overview
8.3.8.2.Electro-Optics Market Forecast and Analysis
8.3.9.Others Market
8.3.9.1.Overview
8.3.9.2.Others Market Forecast and Analysis
8.4.COUNTERMEASURES
8.4.1.Overview
8.4.2.Countermeasures Market Forecast and Analysis
8.4.3.Laser Systems Market
8.4.3.1.Overview
8.4.3.2.Laser Systems Market Forecast and Analysis
8.4.4.Traditional Kinetic Systems Market
8.4.4.1.Overview
8.4.4.2.Traditional Kinetic Systems Market Forecast and Analysis
8.4.5.Electronic Systems Market
8.4.5.1.Overview
8.4.5.2.Electronic Systems Market Forecast and Analysis
9.DRONE IDENTIFICATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.MILITARY
9.3.1.Overview
9.3.2.Military Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
9.5.HOMELAND SECURITY
9.5.1.Overview
9.5.2.Homeland Security Market Forecast and Analysis
10.DRONE IDENTIFICATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Drone Identification Systems Market Overview
10.1.2North America Drone Identification Systems Market Forecasts and Analysis
10.1.3North America Drone Identification Systems Market Forecasts and Analysis - By Application
10.1.4North America Drone Identification Systems Market Forecasts and Analysis - By Technology
10.1.5North America Drone Identification Systems Market Forecasts and Analysis - By End User
10.1.6North America Drone Identification Systems Market Forecasts and Analysis - By Countries
10.1.6.1United States Drone Identification Systems Market
10.1.6.1.1United States Drone Identification Systems Market by Application
10.1.6.1.2United States Drone Identification Systems Market by Technology
10.1.6.1.3United States Drone Identification Systems Market by End User
10.1.6.2Canada Drone Identification Systems Market
10.1.6.2.1Canada Drone Identification Systems Market by Application
10.1.6.2.2Canada Drone Identification Systems Market by Technology
10.1.6.2.3Canada Drone Identification Systems Market by End User
10.1.6.3Mexico Drone Identification Systems Market
10.1.6.3.1Mexico Drone Identification Systems Market by Application
10.1.6.3.2Mexico Drone Identification Systems Market by Technology
10.1.6.3.3Mexico Drone Identification Systems Market by End User
10.2.EUROPE
10.2.1Europe Drone Identification Systems Market Overview
10.2.2Europe Drone Identification Systems Market Forecasts and Analysis
10.2.3Europe Drone Identification Systems Market Forecasts and Analysis - By Application
10.2.4Europe Drone Identification Systems Market Forecasts and Analysis - By Technology
10.2.5Europe Drone Identification Systems Market Forecasts and Analysis - By End User
10.2.6Europe Drone Identification Systems Market Forecasts and Analysis - By Countries
10.2.6.1Germany Drone Identification Systems Market
10.2.6.1.1Germany Drone Identification Systems Market by Application
10.2.6.1.2Germany Drone Identification Systems Market by Technology
10.2.6.1.3Germany Drone Identification Systems Market by End User
10.2.6.2France Drone Identification Systems Market
10.2.6.2.1France Drone Identification Systems Market by Application
10.2.6.2.2France Drone Identification Systems Market by Technology
10.2.6.2.3France Drone Identification Systems Market by End User
10.2.6.3Italy Drone Identification Systems Market
10.2.6.3.1Italy Drone Identification Systems Market by Application
10.2.6.3.2Italy Drone Identification Systems Market by Technology
10.2.6.3.3Italy Drone Identification Systems Market by End User
10.2.6.4United Kingdom Drone Identification Systems Market
10.2.6.4.1United Kingdom Drone Identification Systems Market by Application
10.2.6.4.2United Kingdom Drone Identification Systems Market by Technology
10.2.6.4.3United Kingdom Drone Identification Systems Market by End User
10.2.6.5Russia Drone Identification Systems Market
10.2.6.5.1Russia Drone Identification Systems Market by Application
10.2.6.5.2Russia Drone Identification Systems Market by Technology
10.2.6.5.3Russia Drone Identification Systems Market by End User
10.2.6.6Rest of Europe Drone Identification Systems Market
10.2.6.6.1Rest of Europe Drone Identification Systems Market by Application
10.2.6.6.2Rest of Europe Drone Identification Systems Market by Technology
10.2.6.6.3Rest of Europe Drone Identification Systems Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Drone Identification Systems Market Overview
10.3.2Asia-Pacific Drone Identification Systems Market Forecasts and Analysis
10.3.3Asia-Pacific Drone Identification Systems Market Forecasts and Analysis - By Application
10.3.4Asia-Pacific Drone Identification Systems Market Forecasts and Analysis - By Technology
10.3.5Asia-Pacific Drone Identification Systems Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Drone Identification Systems Market Forecasts and Analysis - By Countries
10.3.6.1Australia Drone Identification Systems Market
10.3.6.1.1Australia Drone Identification Systems Market by Application
10.3.6.1.2Australia Drone Identification Systems Market by Technology
10.3.6.1.3Australia Drone Identification Systems Market by End User
10.3.6.2China Drone Identification Systems Market
10.3.6.2.1China Drone Identification Systems Market by Application
10.3.6.2.2China Drone Identification Systems Market by Technology
10.3.6.2.3China Drone Identification Systems Market by End User
10.3.6.3India Drone Identification Systems Market
10.3.6.3.1India Drone Identification Systems Market by Application
10.3.6.3.2India Drone Identification Systems Market by Technology
10.3.6.3.3India Drone Identification Systems Market by End User
10.3.6.4Japan Drone Identification Systems Market
10.3.6.4.1Japan Drone Identification Systems Market by Application
10.3.6.4.2Japan Drone Identification Systems Market by Technology
10.3.6.4.3Japan Drone Identification Systems Market by End User
10.3.6.5South Korea Drone Identification Systems Market
10.3.6.5.1South Korea Drone Identification Systems Market by Application
10.3.6.5.2South Korea Drone Identification Systems Market by Technology
10.3.6.5.3South Korea Drone Identification Systems Market by End User
10.3.6.6Rest of Asia-Pacific Drone Identification Systems Market
10.3.6.6.1Rest of Asia-Pacific Drone Identification Systems Market by Application
10.3.6.6.2Rest of Asia-Pacific Drone Identification Systems Market by Technology
10.3.6.6.3Rest of Asia-Pacific Drone Identification Systems Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Drone Identification Systems Market Overview
10.4.2Middle East and Africa Drone Identification Systems Market Forecasts and Analysis
10.4.3Middle East and Africa Drone Identification Systems Market Forecasts and Analysis - By Application
10.4.4Middle East and Africa Drone Identification Systems Market Forecasts and Analysis - By Technology
10.4.5Middle East and Africa Drone Identification Systems Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Drone Identification Systems Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Drone Identification Systems Market
10.4.6.1.1South Africa Drone Identification Systems Market by Application
10.4.6.1.2South Africa Drone Identification Systems Market by Technology
10.4.6.1.3South Africa Drone Identification Systems Market by End User
10.4.6.2Saudi Arabia Drone Identification Systems Market
10.4.6.2.1Saudi Arabia Drone Identification Systems Market by Application
10.4.6.2.2Saudi Arabia Drone Identification Systems Market by Technology
10.4.6.2.3Saudi Arabia Drone Identification Systems Market by End User
10.4.6.3U.A.E Drone Identification Systems Market
10.4.6.3.1U.A.E Drone Identification Systems Market by Application
10.4.6.3.2U.A.E Drone Identification Systems Market by Technology
10.4.6.3.3U.A.E Drone Identification Systems Market by End User
10.4.6.4Rest of Middle East and Africa Drone Identification Systems Market
10.4.6.4.1Rest of Middle East and Africa Drone Identification Systems Market by Application
10.4.6.4.2Rest of Middle East and Africa Drone Identification Systems Market by Technology
10.4.6.4.3Rest of Middle East and Africa Drone Identification Systems Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Drone Identification Systems Market Overview
10.5.2South and Central America Drone Identification Systems Market Forecasts and Analysis
10.5.3South and Central America Drone Identification Systems Market Forecasts and Analysis - By Application
10.5.4South and Central America Drone Identification Systems Market Forecasts and Analysis - By Technology
10.5.5South and Central America Drone Identification Systems Market Forecasts and Analysis - By End User
10.5.6South and Central America Drone Identification Systems Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Drone Identification Systems Market
10.5.6.1.1Brazil Drone Identification Systems Market by Application
10.5.6.1.2Brazil Drone Identification Systems Market by Technology
10.5.6.1.3Brazil Drone Identification Systems Market by End User
10.5.6.2Argentina Drone Identification Systems Market
10.5.6.2.1Argentina Drone Identification Systems Market by Application
10.5.6.2.2Argentina Drone Identification Systems Market by Technology
10.5.6.2.3Argentina Drone Identification Systems Market by End User
10.5.6.3Rest of South and Central America Drone Identification Systems Market
10.5.6.3.1Rest of South and Central America Drone Identification Systems Market by Application
10.5.6.3.2Rest of South and Central America Drone Identification Systems Market by Technology
10.5.6.3.3Rest of South and Central America Drone Identification Systems Market by End User
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.DRONE IDENTIFICATION SYSTEMS MARKET, KEY COMPANY PROFILES
12.1.THALES GROUP
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.MISTRAL SOLUTIONS PVT. LTD.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.LEONARDO S.P.A.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.KELVIN HUGHES LIMITED
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.PRECISION HAWK
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.DEDRONE, INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.DRONESHIELD
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.BLIGHTER SURVEILLANCE SYSTEMS LTD.
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.DRONELABS LLC
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.RINICOM LTD
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.Thales Group
2.Mistral Solutions Pvt. Ltd.
3.Leonardo S.P.A.
4.Kelvin Hughes Limited
5.Precision Hawk
6.Dedrone, Inc.
7.Droneshield
8.Blighter Surveillance Systems Ltd.
9.Dronelabs LLC
10.Rinicom Ltd
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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