Fixed Wing VTOL UAV Market

Fixed Wing VTOL UAV Market Trends & Growth Analysis – Latest Insights

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12858
  • Published Date: Jul, 2022
  • Pages: 235
  • Category: Information Technology & Semiconductors
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

Market Dynamics

Drivers

  • The growing number of applications

Fixed-wing VTOL UAVs are utilized in various sectors, including agriculture, oil & gas, mining, environmental, and real estate. They are used in agriculture for land mapping, crop monitoring, and surveying. UAVs are now being used for product delivery purposes in the commercial space. They monitor ecological areas to preserve them from degradation and anthropological destruction. Furthermore, they are used for border control measures by the military in the defense sector. The growing number of applications has increased the capital spending on the research, development, and production of UAVs worldwide. Developing economies with promising demand for UAVs are witnessing a surge in foreign investments to capture the potential market of these nations. The growing number of applications resulting in increased research and development will drive the fixed-wing VTOL UAV market.

Restraints

  • Lack of skilled operators and controllers

The production of UAVs is a recent phenomenon, and the number of personnel equipped with the skills to control, monitor, and navigate these vehicles is relatively low. The operation of unmanned aerial vehicles involves remote flight controls, traffic control systems, communications, and ground control systems. Coordinating such varied systems to carry out a successful flight requires specific skills. Given the nascent stage of UAV production, the relatively low number of skilled personnel to operate these devices will hamper the market's growth. The growing number of applications of UAVs will lead to an increase in demand for such operators, further contributing to the rise in the demand-supply gap of operators.

Opportunities

  • Technological advancements and product innovations

The rising concerns of owners and operators of fixed-wing VTOL UAVs regarding the degrading safety standards in the industry have led to an increase in research and development of better UAVs with improved quality, safety, and comfort. Increasing investment in durability and autonomy will provide lucrative opportunities for market players with an expanding customer base. The induction of AI in fixed-wing VTOL UAVs is also gaining traction with increased R & D globally. AI enables fixed-wing VTOL UAVs to expand their scope of surveillance and improve their target identification with better imaging and navigation. Such technological advancements and product innovations will provide positive growth prospects for the market during the forecast period.

Challenges

  • Lack of proper air traffic control guidelines

The operation and flight of UAVs in civil airspace are laden with challenges, including increasing risks of accidents, loss of life, and property, given the UAV is not controlled by experienced personnel. Even technical glitches can lead to collisions and further damage. The absence of proper monitoring systems to provide surveillance in the civil airspace to distinguish between commercial and enemy drone operators is also a growing concern for the federal government. Lack of proper licensing, registrations and other administrative regulations also restricts the market's growth. The flight of UAVs in civil airspace is prohibited in many countries to avoid accidents, given the lack of air traffic control measures governing the flight operations of UAVs in civil airspace by commercial participants. The lack of proper air traffic control guidelines and leasing to such restrictions will challenge the market's growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Propulsion Type
          4.3.2. Market Attractiveness Analysis by Range
          4.3.3. Market Attractiveness Analysis by Mode of Operation
          4.3.4. Market Attractiveness Analysis by MTOW
          4.3.5. Market Attractiveness Analysis by Application
          4.3.6. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing number of applications
    5.3. Restraints
          5.3.1. Lack of skilled operators and controllers
    5.4. Opportunities
          5.4.1. Technological advancements and product innovations
    5.5. Challenges
          5.5.1. Lack of proper air traffic control guidelines

6. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By Propulsion Type
    6.1. Segment Overview
    6.2. Electric
    6.3. Gasoline
    6.4. Hybrid

7. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By Range
    7.1. Segment Overview
    7.2. Visual Line of Sight
    7.3. Extended Visual Line of Sight
    7.4. Beyond Line of Sight

8. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By Mode of Operation
    8.1. Segment Overview
    8.2. Remotely Piloted
    8.3. Fully Autonomous
    8.4. Optionally Piloted

9. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By MTOW
    9.1. Segment Overview
    9.2. Less Than 25 Kilograms
    9.3. 25-170 Kilograms
    9.4. More Than 170 Kilograms

10. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By Application
    10.1. Segment Overview
    10.2. Civil & Commercial
    10.3. Government & Law Enforcement
    10.4. Defense

11. Global Fixed Wing VTOL UAV Market Analysis and Forecast, By Regional Analysis
    11.1. Segment Overview
    11.2. North America
          11.2.1. U.S.
          11.2.2. Canada
          11.2.3. Mexico
    11.3. Europe
          11.3.1. Germany
          11.3.2. France
          11.3.3. U.K.
          11.3.4. Italy
          11.3.5. Spain
    11.4. Asia-Pacific
          11.4.1. Japan
          11.4.2. China
          11.4.3. India
    11.5. South America
          11.5.1. Brazil
    11.6. Middle East and Africa
          11.6.1. UAE
          11.6.2. South Africa

12. Global Fixed Wing VTOL UAV Market-Competitive Landscape
    12.1. Overview
    12.2. Market Share of Key Players in the Fixed Wing VTOL UAV Market
          12.2.1. Global Company Market Share
          12.2.2. North America Company Market Share
          12.2.3. Europe Company Market Share
          12.2.4. APAC Company Market Share
    12.3. Competitive Situations and Trends
          12.3.1. Product Launches and Developments
          12.3.2. Partnerships, Collaborations, and Agreements
          12.3.3. Mergers & Acquisitions
          12.3.4. Expansions

13. Company Profiles
    13.1. AeroVironment Inc.
          13.1.1. Business Overview
          13.1.2. Company Snapshot
          13.1.3. Company Market Share Analysis
          13.1.4. Company Product Portfolio
          13.1.5. Recent Developments
          13.1.6. SWOT Analysis
    13.2. Bluebird Aero Systems Ltd.
          13.2.1. Business Overview
          13.2.2. Company Snapshot
          13.2.3. Company Market Share Analysis
          13.2.4. Company Product Portfolio
          13.2.5. Recent Developments
          13.2.6. SWOT Analysis
    13.3. Textron Inc.
          13.3.1. Business Overview
          13.3.2. Company Snapshot
          13.3.3. Company Market Share Analysis
          13.3.4. Company Product Portfolio
          13.3.5. Recent Developments
          13.3.6. SWOT Analysis
    13.4. Threod Systems
          13.4.1. Business Overview
          13.4.2. Company Snapshot
          13.4.3. Company Market Share Analysis
          13.4.4. Company Product Portfolio
          13.4.5. Recent Developments
          13.4.6. SWOT Analysis
    13.5. Latitude Engineering
          13.5.1. Business Overview
          13.5.2. Company Snapshot
          13.5.3. Company Market Share Analysis
          13.5.4. Company Product Portfolio
          13.5.5. Recent Developments
          13.5.6. SWOT Analysis
    13.6. Lockheed Martin Corporation
          13.6.1. Business Overview
          13.6.2. Company Snapshot
          13.6.3. Company Market Share Analysis
          13.6.4. Company Product Portfolio
          13.6.5. Recent Developments
          13.6.6. SWOT Analysis
    13.7. Vertical Technologies Ltd.
          13.7.1. Business Overview
          13.7.2. Company Snapshot
          13.7.3. Company Market Share Analysis
          13.7.4. Company Product Portfolio
          13.7.5. Recent Developments
          13.7.6. SWOT Analysis
    13.8. Quantum Systems GmbH
          13.8.1. Business Overview
          13.8.2. Company Snapshot
          13.8.3. Company Market Share Analysis
          13.8.4. Company Product Portfolio
          13.8.5. Recent Developments
          13.8.6. SWOT Analysis
    13.9. ALTI UAS
          13.9.1. Business Overview
          13.9.2. Company Snapshot
          13.9.3. Company Market Share Analysis
          13.9.4. Company Product Portfolio
          13.9.5. Recent Developments
          13.9.6. SWOT Analysis
    13.10. UKRSPECSYSTEMS
          13.10.1. Business Overview
          13.10.2. Company Snapshot
          13.10.3. Company Market Share Analysis
          13.10.4. Company Product Portfolio
          13.10.5. Recent Developments
          13.10.6. SWOT Analysis

List of Table

1. Global Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

2. Global Electric Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

3. Global Gasoline Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

4. Global Hybrid Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

5. Global Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

6. Global Visual Line of Sight Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

7. Global Extended Visual Line of Sight Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

8. Global Beyond Line of Sight Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

9. Global Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

10. Global Remotely Piloted Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

11. Global Fully Autonomous Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

12. Global Optionally Piloted Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

13. Global Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

14. Global Less Than 25 Kilograms Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

15. Global 25-170 Kilograms Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

16. Global More Than 170 Kilograms Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

17. Global Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

18. Global Civil & Commercial Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

19. Global Government & Law Enforcement Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

20. Global Defense Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

21. Global Fixed Wing VTOL UAV Market, By Region, 2019-2030 (USD Million) 

22. North America Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

23. North America Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

24. North America Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

25. North America Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

26. North America Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

27. U.S. Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

28. U.S. Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

29. U.S. Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

30. U.S. Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

31. U.S. Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

32. Canada Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

33. Canada Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

34. Canada Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

35. Canada Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

36. Canada Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

37. Mexico Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

38. Mexico Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

39. Mexico Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

40. Mexico Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

41. Mexico Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

42. Europe Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

43. Europe Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

44. Europe Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

45. Europe Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

46. Europe Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

47. Germany Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

48. Germany Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

49. Germany Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

50. Germany Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

51. Germany Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

52. France Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

53. France Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

54. France Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

55. France Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

56. France Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

57. U.K. Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

58. U.K. Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

59. U.K. Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

60. U.K. Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

61. U.K. Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

62. Italy Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

63. Italy Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

64. Italy Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

65. Italy Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

66. Italy America Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

67. Spain Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

68. Spain Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

69. Spain Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

70. Spain Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

71. Spain Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

72. Asia Pacific Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

73. Asia Pacific Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

74. Asia Pacific Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

75. Asia Pacific Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

76. Asia Pacific Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

77. Japan Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

78. Japan Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

79. Japan Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

80. Japan Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

81. Japan Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

82. China Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

83. China Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

84. China Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

85. China Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

86. China Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

87. India Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

88. India Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

89. India Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

90. India Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

91. India Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

92. South America Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

93. South America Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

94. South America Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million)

95. South America Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million)

96. South America Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

97. Brazil Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

98. Brazil Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

99. Brazil Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

100. Brazil Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million)

101. Brazil Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

102. Middle East and Africa Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

103. Middle East and Africa Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

104. Middle East and Africa Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

105. Middle East and Africa Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million)

106. Middle East and Africa Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

107. UAE Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

108. UAE Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

109. UAE Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

110. UAE Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million)

111. UAE Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

112. South Africa Fixed Wing VTOL UAV Market, By Propulsion Type, 2019-2030 (USD Million) 

113. South Africa Fixed Wing VTOL UAV Market, By Range, 2019-2030 (USD Million) 

114. South Africa Fixed Wing VTOL UAV Market, By Mode of Operation, 2019-2030 (USD Million) 

115. South Africa Fixed Wing VTOL UAV Market, By MTOW, 2019-2030 (USD Million) 

116. South Africa Fixed Wing VTOL UAV Market, By Application, 2019-2030 (USD Million) 

List of Figures 

1. Global Fixed Wing VTOL UAV Market Segmentation

2. Fixed Wing VTOL UAV Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by Propulsion Type

9. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by Range

10. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by Mode of Operation

11. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by MTOW

12. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by Application

13. Global Fixed Wing VTOL UAV Market Attractiveness Analysis by Region

14. Global Fixed Wing VTOL UAV Market: Dynamics

15. Global Fixed Wing VTOL UAV Market Share by Propulsion Type (2022 & 2030)

16. Global Fixed Wing VTOL UAV Market Share by Range (2022 & 2030)

17. Global Fixed Wing VTOL UAV Market Share by Mode of Operation (2022 & 2030)

18. Global Fixed Wing VTOL UAV Market Share by MTOW (2022 & 2030)

19. Global Fixed Wing VTOL UAV Market Share by Application (2022 & 2030)

20. Global Fixed Wing VTOL UAV Market Share by Regions (2022 & 2030)

21. Global Fixed Wing VTOL UAV Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global fixed wing VTOL UAV market based on below-mentioned segments:

Global Fixed Wing VTOL UAV Market by Propulsion Type:

  • Electric
  • Gasoline
  • Hybrid

Global Fixed Wing VTOL UAV Market by Range:

  • Visual Line of Sight
  • Extended Visual Line of Sight
  • Beyond Line of Sight

Global Fixed Wing VTOL UAV Market by Mode of Operation:

  • Remotely Piloted
  • Fully Autonomous
  • Optionally Piloted

Global Fixed Wing VTOL UAV Market by MTOW:

  • Less Than 25 Kilograms
  • 25-170 Kilograms
  • More Than 170 Kilograms

Global Fixed Wing VTOL UAV Market by Application:

  • Civil & Commercial
  • Government & Law Enforcement

Global Fixed Wing VTOL UAV Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date