Research Methodology on Small UAV Market
The research methodology used for the small UAV market report by Market Research Future (MRFR) provides an in-depth information about the market and its various components. The research methodology is classified into two components: Secondary Research and Primary Research.
Secondary research methodologies include searching through online trade magazines, reports and regional newspapers, gaining information from trade associations, and various government and private organizations. The secondary research helped obtain data points such as facts and figures; detailed information about the market trends and opportunities; figures and estimations; cost analysis and comparative study; product launches; government regulations; product pricing, among others. This is done through data containing governments records, industry white papers, company websites, annual reports, and investor presentations. The secondary research process was extremely useful in obtaining detailed information about the small UAV market, its various market players, and their various activities.
The primary research methodology conducted by Market Research Future included interviews with industry experts, C-level executives, and market players that provided their expertise and insights about the small UAV market. The primary research method is essential for obtaining validation for the data points collected through the secondary research. It helped to formulate a base to assess the competitive landscape, market size and potential growth in the small UAV market. The primary research was also used to analyze market fatigue and the impact on small UAV market's growth.
Data triangulation approaches and factor analysis were used in the study. The data triangulation approach was used to collect and analyse the data obtained from various sources. In this process, data was divided into categories and then analyzed from various angles in order to get a complete picture of all the existing data. This method helped to validate the data points collected from various sources and ensure accuracy and credibility. The factor analysis approach was also utilized to understand the relationship between the market variables and assess the impact on the market. The demand-side and supply-side data were also triangulated to gain insights into the various dynamics of the small UAV market.
The bottom-up approach was used in order to assess the market size and revenue calculations. The top-down approach was also used to assess the market from a macroeconomic standpoint. It helped to determine the various market segments that were expected to significantly contribute to the small UAV market growth. The time-series analysis approach was used to analyze the historical data of the small UAV market and project the market information into the future. The market information included market size, growth rate, revenue forecasts, and entry and exit of competitors.
To sum it up, the research methodology used by Market Research Future for the small UAV market provided detailed and reliable insights about the market and its various segments and components. The comprehensive and robust research methodology included both secondary and primary research, which helped to identify market trends, opportunities, threats, and barriers in the small UAV market. The advanced research approaches and tools such as data triangulating, factor analysis, bottom-up and top-down assessment, and time-series analysis were employed to assess market size, competitor analysis, and forecast the future of the small UAV market for the period 2023 to 2030.
