This research study on the small drone market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. The primary sources considered included industry experts as well as service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the small drone market as well as assess its growth prospects.
Secondary Research
The secondary sources referred for this research study on the small drone market included financial statements of companies offering delivery drone software, drone transportation and logistics services, and transportation and logistics solution providers, along with various trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall size of the small drone market, which was validated by primary respondents.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as chief X officers (CXOs), vice presidents (VPs), directors, regional managers, and business development and product development teams, distributors, and vendors.
Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to platforms, solutions, technologies, and regions. Stakeholders from the demand side include logistics companies, end consumers, the healthcare industry, and quick-service restaurants who are willing to adopt drone delivery by participating in various trials. These interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. These interviews also helped analyze the solution, adoption by type, platform, mode of operation, and deployment segments of the market for six key regions.
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Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the total size of the small drone market. These methods were also used extensively to estimate the size of various segments and sub-segments of the market. The research methodology used to estimate the market size includes the following details:
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The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-up Approach
Market size estimation methodology: Top- Down Approach
Data Triangulation
After arriving at the overall size of the small drone market from the market size estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments, data triangulation and market breakdown procedures explained below were implemented, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.
Market Definition
?Small drones or small unmanned aerial vehicles (SUAVs) are remotely piloted aerial vehicles that have significant roles in the defense as well as commercial sectors. SUAVs are used in various military missions, such as military attacks and border surveillance. They are also used for mapping, surveying, determining weather conditions of a specific area, and enforcing regional laws.
Report Objectives
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To define, describe, segment, and forecast the size of the small drone market based on platform, application, type, mode of operation, power source, and region
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To forecast sizes of various segments of the small drone market with respect to 6 major regions, namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa, along with major countries in each of these regions
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the small drone market across the globe
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To identify industry trends, market trends, and technology trends that are currently prevailing in the small drone market
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To provide an overview of the tariff and regulatory landscape with respect to drone regulations across regions
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To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders by identifying key market trends
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To profile key market players and comprehensively analyze their market share and core competencies
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To analyze the degree of competition in the market by identifying key growth strategies, such as acquisitions, new product launches, new service launches, contracts, and partnerships, adopted by leading market players
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To identify detailed financial positions, key products, and unique selling points of leading companies in the market
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To provide a detailed competitive landscape of the small drone market, along with a ranking analysis, market share analysis, and revenue analysis of key players
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
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Further breakdown of the market segments at country-level
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Small Drones Market