Drone Inspection And Monitoring Market
Drone Inspection and Monitoring Market Forecasts to 2030 - Global Analysis By Solution (Platform, Service, Infrastructure, Software, Anti-Inflammatory, Iron Absorption, Immune Cell Stimulation, Intestinal Flora Protection, Antibacterial, Antioxidant and Other Solutions), Type (Hybrid, Multirotor, Fixed Wing, Capsule, Powder and Other Types), Operation Mode, Distribution Channel, Application, Sales Channel, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $10.55 BN |
|
Projected Year Value (2030) |
US $33.42 BN |
|
CAGR (2023 - 2030) |
17.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Drone Inspection and Monitoring Market is accounted for $10.55 billion in 2023 and is expected to reach $33.42 billion by 2030 growing at a CAGR of 17.9% during the forecast period. A drone-based system for inspection, monitoring, and mapping operations is referred to as drone inspection and monitoring. A drone is a group of flying robots that can be operated manually or by an automated system. A drone is a small aircraft that has a variety of uses, including policing, aerial photography, surveillance, and infrastructure inspection. Drone use has transitioned from a primarily defense-related application to a more widespread commercial application. Companies may use this platform to plan and optimize their activities, keep track of the drones in real time, and generate reports and analyses from the comfort of their offices.
According to Mercom Communications, an India-based clean energy communications and consulting firm, in 2021, the new wind turbine installations reached 1.24 GW, an increase of 101.37% from 2020.
Market Dynamics:
Driver:
LiDAR technology advancements for commercial drones
In the commercial drone business, light detection and ranging (LiDAR) is a crucial instrument. Drones equipped with highly precise and accurate LiDAR sensors deliver laser pulses to gather measurements, which are then used to create accurate maps and three-dimensional (3D) models of the environment and the objects in it. Furthermore, standard photogrammetry or other methods of measurement might disregard the surface elevation value that is obscured by plant or forest cover. LIDAR can also identify the surface value of an object by penetrating it completely.
Restraint:
Substantial initial costs and technical constraints
The cost of acquiring drones, recruiting employees, and creating software and data management systems are all included in the initial expenditure needed to start a drone inspection and monitoring program. The use of drone technology by small and medium-sized businesses may be constrained as a result. Drones are unable to explore large areas or monitor assets for long periods of time because of their limited range and endurance. In addition, drones may find it challenging to operate in severe conditions or in areas that have inadequate internet.
Opportunity:
Rise in usage of drones
Demand for drones has increased as a result of an increase in the employment of robots to perform work that is risky for humans. The global drone inspection and monitoring market has expanded as a consequence of an increase in the use of drones in industries including mining and oil and gas. Moreover, demand for drone inspection and monitoring equipment has increased as local governing bodies throughout the world employ drones more frequently to monitor sensitive areas.
Threat:
Concerns with drone security and safety
By violating people's privacy and endangering the safety of the general public, the use of drones by malicious groups to carry out physical and cyberattacks poses a threat to society. The fact is that many technical and practical aspects of drones are being abused for possible attacks. Moreover, this involves carrying out crucial operations based on active reconnaissance and conducting surveillance to track certain individuals and properties, both of which compromise privacy and safety.
Covid-19 Impact:
The market has been considerably impacted by the COVID-19 epidemic. Due to a rise in COVID-19 cases, businesses and manufacturing facilities have been closed down in several different nations. Additionally, a full or partial lockdown interrupted the world's supply chain, making it difficult for manufacturers to reach their customers. The COVID-19 epidemic has had an effect on cultures and economies all around the world. The effects of this virus are spreading rapidly throughout the world's economies as well. Uncertainty in the stock market, low company confidence, a significant slowdown in the supply chain, and a rise in fear among specific client groups are all effects of the crisis.
The service segment is expected to be the largest during the forecast period
Because of the drones' ability to handle data more rapidly, cheaply, and precisely than more conventional methods, the service segment is expected to hold the largest share throughout the projection period. Additionally, manufacturers are continuously creating cutting-edge products with an ongoing supply of funding to provide drone inspection, aerial polls, autonomous flight paths, remote sensing, search and rescue, and many other highly charged areas that were previously difficult or hazardous to approach using conventional methods.
The construction & infrastructure segment is expected to have the highest CAGR during the forecast period
As a result of the equipment's widespread use, which has transformed the operational processes of the construction industry, Construction & Infrastructure segment is projected to witness lucrative growth throughout the extrapolated period. They are used more frequently to monitor and conduct visual inspections in high-density areas on construction sites. Moreover, on-site communication and management efficiency are improved by its capability to monitor and capture real-time data.
Region with largest share:
Owing to the development in demand for the market in emerging nations like China and India, where the equipment is frequently utilized for inspection and monitoring tasks in the agriculture and utilities sectors, the Asia-Pacific region accounted for the dominant share throughout the forecasted period. Moreover, the IBEF reports that the usage of drones for non-commercial activities such as aerial shooting, mining operations, disaster management, and mapping of national highways and railroad routes is growing in India, which is enhancing the region's growth.
Region with highest CAGR:
Due to a rise in the number of unmanned aircraft systems and unmanned aerial vehicle providers in developing nations like China and India, the Asia-Pacific region is estimated to witness the highest CAGR over the extrapolated period. Additionally, rising drone demand in emerging nations, where drones are commonly employed for inspection and monitoring duties in the agriculture and utility sectors, will fuel market revenue growth during the forecast period in this region.
Key players in the market
Some of the key players in Drone Inspection and Monitoring market include Dronegenuity, Aerialtronics, Lockheed Martin, DJI, Ageagle Aerial Systems Inc, Sensefly Ltd, EHang, Northrop Grumman Corporation, Intel Corporation, Teledyne Flir LLC, 3D Robotics, Ideaforge, Parrot SAS, Israel Aerospace Industries and ECA Group.
Key Developments:
In July 2023, DJI announced the launch date of OSMO Action 4. OSMO Action 4 will boast impressive specifications to elevate your shooting experience. It will feature a 1/1.3-inch CMOS sensor, coupled with a wide 155-degree viewing angle and an f/2.8 lens. This combination promises exceptional clarity and vividness in your visuals.
In December 2022, Intertek Group plc launched an innovative integrated solution, Intertek Group plc Green R&D. The new solution could ensure the safety, quality, and sustainability attributes optimized during the product lifecycle.
In June 2022, DJI launched DJI RS 3 and DJI RS 3 Pro, which incorporated a range of new features. It includes a redesigned axes-locking system which means the process is now automated. By turning on the gimbal, the automated axis locks release and unfold the gimbal, allowing the operator to get started in seconds.
Solutions Covered:
• Platform
• Service
• Infrastructure
• Software
• Anti-Inflammatory
• Iron Absorption
• Immune Cell Stimulation
• Intestinal Flora Protection
• Antibacterial
• Antioxidant
• Other Solutions
Types Covered:
• Hybrid
• Multirotor
• Fixed Wing
• Capsule
• Powder
• Other Types
Operation Modes Covered:
• Fully Autonomous
• Optionally Piloted
• Remotely Piloted
• Other Operation Modes
Distribution Channels Covered:
• Offline
• Online
Applications Covered:
• Mining
• Utilities
• Oil & Gas
• Agriculture
• Construction & Infrastructure
• Food & Beverages
• Sport Nutrition
• Functional Food Products
• Personal Care Products
• Pharmaceuticals
• Other Applications
Sales Channels Covered:
• E-Commerce
• Specialty Store
• Pharmacies
• Hypermarket
• Supermarket
End Users Covered:
• Solar Panel Inspection
• Power Plant Inspection
• Wind Turbine Inspection
• Offshore Platform Inspection
• Pipeline Monitoring and Inspection
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Drone Inspection and Monitoring Market, By Solution
5.1 Introduction
5.2 Platform
5.2.1 Payload
5.2.2 Propulsion
5.2.3 Avionics
5.2.4 Airframe
5.3 Service
5.3.1 Data analysis
5.3.2 Data processing (Deliverables)
5.3.3 Flights (Piloting & Operations)
5.4 Infrastructure
5.4.1 Launch & Recovery Systems
5.4.2 Charging Stations
5.4.3 Ground Control Stations
5.5 Software
5.5.1 Computer Vision & Object Detection
5.5.2 Fleet Management
5.5.3 Live Tracking
5.5.4 Inventory Management
5.5.5 Route Planning and Optimization
5.6 Anti-Inflammatory
5.7 Iron Absorption
5.8 Immune Cell Stimulation
5.9 Intestinal Flora Protection
5.10 Antibacterial
5.11 Antioxidant
5.12 Other Solutions
6 Global Drone Inspection and Monitoring Market, By Type
6.1 Introduction
6.2 Hybrid
6.3 Multirotor
6.4 Fixed Wing
6.5 Capsule
6.6 Powder
6.7 Other Types
7 Global Drone Inspection and Monitoring Market, By Operation Mode
7.1 Introduction
7.2 Fully Autonomous
7.3 Optionally Piloted
7.4 Remotely Piloted
7.5 Other Operation Modes
8 Global Drone Inspection and Monitoring Market, By Distribution Channel
8.1 Introduction
8.2 Offline
8.3 Online
9 Global Drone Inspection and Monitoring Market, By Application
9.1 Introduction
9.2 Mining
9.2.1 Tailing Dams & Quarry Inspection
9.2.2 Stockpile
9.3 Utilities
9.3.1 Wind Turbine
9.3.2 Power Transmission
9.3.3 Tower Inspection
9.4 Oil & Gas
9.4.1 Midstream
9.4.2 Upstream
9.5 Agriculture
9.5.1 Health Assessment
9.5.2 Soil & Crop
9.6 Construction & Infrastructure
9.6.1 Railways
9.6.2 Property & Real Estate
9.6.3 Bridges
9.7 Food & Beverages
9.8 Sport Nutrition
9.9 Functional Food Products
9.10 Personal Care Products
9.11 Pharmaceuticals
9.12 Other Applications
10 Global Drone Inspection and Monitoring Market, By Sales Channel
10.1 Introduction
10.2 E-Commerce
10.3 Specialty Store
10.4 Pharmacies
10.5 Hypermarket
10.6 Supermarket
11 Global Drone Inspection and Monitoring Market, By End User
11.1 Introduction
11.2 Solar Panel Inspection
11.3 Power Plant Inspection
11.4 Wind Turbine Inspection
11.5 Offshore Platform Inspection
11.6 Pipeline Monitoring and Inspection
12 Global Drone Inspection and Monitoring Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Dronegenuity
14.2 Aerialtronics
14.3 Lockheed Martin
14.4 DJI
14.5 Ageagle Aerial Systems Inc
14.6 Sensefly Ltd
14.7 EHang
14.8 Northrop Grumman Corporation
14.9 Intel Corporation
14.10 Teledyne Flir LLC
14.11 3D Robotics
14.12 Ideaforge
14.13 Parrot SAS
14.14 Israel Aerospace Industries
14.15 ECA Group
List of Tables
1 Global Drone Inspection and Monitoring Market Outlook, By Region (2021-2030) ($MN)
2 Global Drone Inspection and Monitoring Market Outlook, By Solution (2021-2030) ($MN)
3 Global Drone Inspection and Monitoring Market Outlook, By Platform (2021-2030) ($MN)
4 Global Drone Inspection and Monitoring Market Outlook, By Payload (2021-2030) ($MN)
5 Global Drone Inspection and Monitoring Market Outlook, By Propulsion (2021-2030) ($MN)
6 Global Drone Inspection and Monitoring Market Outlook, By Avionics (2021-2030) ($MN)
7 Global Drone Inspection and Monitoring Market Outlook, By Airframe (2021-2030) ($MN)
8 Global Drone Inspection and Monitoring Market Outlook, By Service (2021-2030) ($MN)
9 Global Drone Inspection and Monitoring Market Outlook, By Data analysis (2021-2030) ($MN)
10 Global Drone Inspection and Monitoring Market Outlook, By Data processing (Deliverables) (2021-2030) ($MN)
11 Global Drone Inspection and Monitoring Market Outlook, By Flights (Piloting & Operations) (2021-2030) ($MN)
12 Global Drone Inspection and Monitoring Market Outlook, By Infrastructure (2021-2030) ($MN)
13 Global Drone Inspection and Monitoring Market Outlook, By Launch & Recovery Systems (2021-2030) ($MN)
14 Global Drone Inspection and Monitoring Market Outlook, By Charging Stations (2021-2030) ($MN)
15 Global Drone Inspection and Monitoring Market Outlook, By Ground Control Stations (2021-2030) ($MN)
16 Global Drone Inspection and Monitoring Market Outlook, By Software (2021-2030) ($MN)
17 Global Drone Inspection and Monitoring Market Outlook, By Computer Vision & Object Detection (2021-2030) ($MN)
18 Global Drone Inspection and Monitoring Market Outlook, By Fleet Management (2021-2030) ($MN)
19 Global Drone Inspection and Monitoring Market Outlook, By Live Tracking (2021-2030) ($MN)
20 Global Drone Inspection and Monitoring Market Outlook, By Inventory Management (2021-2030) ($MN)
21 Global Drone Inspection and Monitoring Market Outlook, By Route Planning and Optimization (2021-2030) ($MN)
22 Global Drone Inspection and Monitoring Market Outlook, By Anti-Inflammatory (2021-2030) ($MN)
23 Global Drone Inspection and Monitoring Market Outlook, By Iron Absorption (2021-2030) ($MN)
24 Global Drone Inspection and Monitoring Market Outlook, By Immune Cell Stimulation (2021-2030) ($MN)
25 Global Drone Inspection and Monitoring Market Outlook, By Intestinal Flora Protection (2021-2030) ($MN)
26 Global Drone Inspection and Monitoring Market Outlook, By Antibacterial (2021-2030) ($MN)
27 Global Drone Inspection and Monitoring Market Outlook, By Antioxidant (2021-2030) ($MN)
28 Global Drone Inspection and Monitoring Market Outlook, By Other Solutions (2021-2030) ($MN)
29 Global Drone Inspection and Monitoring Market Outlook, By Type (2021-2030) ($MN)
30 Global Drone Inspection and Monitoring Market Outlook, By Hybrid (2021-2030) ($MN)
31 Global Drone Inspection and Monitoring Market Outlook, By Multirotor (2021-2030) ($MN)
32 Global Drone Inspection and Monitoring Market Outlook, By Fixed Wing (2021-2030) ($MN)
33 Global Drone Inspection and Monitoring Market Outlook, By Capsule (2021-2030) ($MN)
34 Global Drone Inspection and Monitoring Market Outlook, By Powder (2021-2030) ($MN)
35 Global Drone Inspection and Monitoring Market Outlook, By Other Types (2021-2030) ($MN)
36 Global Drone Inspection and Monitoring Market Outlook, By Operation Mode (2021-2030) ($MN)
37 Global Drone Inspection and Monitoring Market Outlook, By Fully Autonomous (2021-2030) ($MN)
38 Global Drone Inspection and Monitoring Market Outlook, By Optionally Piloted (2021-2030) ($MN)
39 Global Drone Inspection and Monitoring Market Outlook, By Remotely Piloted (2021-2030) ($MN)
40 Global Drone Inspection and Monitoring Market Outlook, By Other Operation Modes (2021-2030) ($MN)
41 Global Drone Inspection and Monitoring Market Outlook, By Distribution Channel (2021-2030) ($MN)
42 Global Drone Inspection and Monitoring Market Outlook, By Offline (2021-2030) ($MN)
43 Global Drone Inspection and Monitoring Market Outlook, By Online (2021-2030) ($MN)
44 Global Drone Inspection and Monitoring Market Outlook, By Application (2021-2030) ($MN)
45 Global Drone Inspection and Monitoring Market Outlook, By Mining (2021-2030) ($MN)
46 Global Drone Inspection and Monitoring Market Outlook, By Tailing Dams & Quarry Inspection (2021-2030) ($MN)
47 Global Drone Inspection and Monitoring Market Outlook, By Stockpile (2021-2030) ($MN)
48 Global Drone Inspection and Monitoring Market Outlook, By Utilities (2021-2030) ($MN)
49 Global Drone Inspection and Monitoring Market Outlook, By Wind Turbine (2021-2030) ($MN)
50 Global Drone Inspection and Monitoring Market Outlook, By Power Transmission (2021-2030) ($MN)
51 Global Drone Inspection and Monitoring Market Outlook, By Tower Inspection (2021-2030) ($MN)
52 Global Drone Inspection and Monitoring Market Outlook, By Oil & Gas (2021-2030) ($MN)
53 Global Drone Inspection and Monitoring Market Outlook, By Midstream (2021-2030) ($MN)
54 Global Drone Inspection and Monitoring Market Outlook, By Upstream (2021-2030) ($MN)
55 Global Drone Inspection and Monitoring Market Outlook, By Agriculture (2021-2030) ($MN)
56 Global Drone Inspection and Monitoring Market Outlook, By Health Assessment (2021-2030) ($MN)
57 Global Drone Inspection and Monitoring Market Outlook, By Soil & Crop (2021-2030) ($MN)
58 Global Drone Inspection and Monitoring Market Outlook, By Construction & Infrastructure (2021-2030) ($MN)
59 Global Drone Inspection and Monitoring Market Outlook, By Railways (2021-2030) ($MN)
60 Global Drone Inspection and Monitoring Market Outlook, By Property & Real Estate (2021-2030) ($MN)
61 Global Drone Inspection and Monitoring Market Outlook, By Bridges (2021-2030) ($MN)
62 Global Drone Inspection and Monitoring Market Outlook, By Food & Beverages (2021-2030) ($MN)
63 Global Drone Inspection and Monitoring Market Outlook, By Sport Nutrition (2021-2030) ($MN)
64 Global Drone Inspection and Monitoring Market Outlook, By Functional Food Products (2021-2030) ($MN)
65 Global Drone Inspection and Monitoring Market Outlook, By Personal Care Products (2021-2030) ($MN)
66 Global Drone Inspection and Monitoring Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
67 Global Drone Inspection and Monitoring Market Outlook, By Other Applications (2021-2030) ($MN)
68 Global Drone Inspection and Monitoring Market Outlook, By Sales Channel (2021-2030) ($MN)
69 Global Drone Inspection and Monitoring Market Outlook, By E-Commerce (2021-2030) ($MN)
70 Global Drone Inspection and Monitoring Market Outlook, By Specialty Store (2021-2030) ($MN)
71 Global Drone Inspection and Monitoring Market Outlook, By Pharmacies (2021-2030) ($MN)
72 Global Drone Inspection and Monitoring Market Outlook, By Hypermarket (2021-2030) ($MN)
73 Global Drone Inspection and Monitoring Market Outlook, By Supermarket (2021-2030) ($MN)
74 Global Drone Inspection and Monitoring Market Outlook, By End User (2021-2030) ($MN)
75 Global Drone Inspection and Monitoring Market Outlook, By Solar Panel Inspection (2021-2030) ($MN)
76 Global Drone Inspection and Monitoring Market Outlook, By Power Plant Inspection (2021-2030) ($MN)
77 Global Drone Inspection and Monitoring Market Outlook, By Wind Turbine Inspection (2021-2030) ($MN)
78 Global Drone Inspection and Monitoring Market Outlook, By Offshore Platform Inspection (2021-2030) ($MN)
79 Global Drone Inspection and Monitoring Market Outlook, By Pipeline Monitoring and Inspection (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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