Research Methodology on Delivery Drones Market
1. Introduction:
Delivery drones provide numerous opportunities for businesses to diversify their delivery methods and provide advantages over traditional courier solutions. Therefore, the aim of this research conducted by Market Research Future (MRFR) is to study the delivery drones market in-depth and analyze their potential impact.
2. Objectives:
The objectives of this study are as follows:
- To estimate the market size and forecast for the global delivery drones market from 2023 to 2030.
- To evaluate the current market trends and prevalent competitive landscape in the global delivery drones market.
iii. To identify the key industry players and competitive strategies by analyzing the competitive environment of the market.
- To analyze key players’ strategic initiatives in the market.
3. Research Design:
The research process of this project is based on primary, secondary, qualitative and quantitative data. The study relies on industry reports, Government reports, annual reports, trade reports and other published materials, databases such as Bloomberg, the NPD Group, Factiva and Forrester Research. The scope of research was defined in the first phase. In the second phase, the data required for the research was identified and collected through primary and secondary research. The market size is estimated with the help of competitive analysis, market segmentation, and market sizing techniques. The estimates in the report are validated by market experts.
4. Research Methodology:
This market research was conducted using a combination of primary and secondary research. The primary research method included in-depth interviews with custodian organizations, comprehensive discussions with industry experts, and surveys of vendors and end-users.
The secondary research method included data collection from public domain sources such as industry magazines, journals and news publications and industry associations. The report also includes a qualitative and quantitative analysis of the market.
The study further includes industry analysis, strategic analysis and historical trends analysis. The report also includes a market attractiveness analysis, where the market drivers, restraints, and trends are consolidated to analyse the market's outlook at different intervals.
5. Data Collection:
The research process is carried out using both primary and secondary research methods. Primary research was carried out through interviews, market surveys, and surveys of vendors and experts from the industry. The data collection process was divided into three parts:
i. Desk Research:
Desk research was conducted to collect information about the market size and the revenue generated from various products and services in the global delivery drones market. Desk research also included the analysis of data about the current competitors, industry dynamics and market trends.
ii. Primary Research:
Primary research was conducted to gain insights into the current trends and opinions of experts from the industry. The research was based on interviews and surveys of vendors and end-users.
iii. Secondary Research:
Secondary research was done to analyze the research topic and discover further insights. An extensive literature search was done to understand current developments in the market. Internet searches, industry reports, and trade journals were used to obtain secondary data.
6. Market Estimation:
Market sizing was done using both top-down and bottom-up approaches. The bottom-up approach was used for market breakdown and the top-down approach was used for market size estimation. Secondary data is used to triangulate the market size of the drone delivery services market.
7. Data Triangulation:
The data collected from various primary and secondary sources are triangulated to understand the market dynamics better. The data was triangulated by analyzing different market segments, regions, and product types.
8. Forecasting Model:
The forecasting model used for this study was X-model. This model was used to project the market value for the forecast period. This model considered historic data and current market trends in calculating the market size. The results were validated using different analysis techniques such as sensitivity analysis, CAGR, and historical trend analysis.