COVID-19 Impact on Drone Market

The study involved four major activities for estimating the current market size of the COVID-19 Impact on Drone Market. Exhaustive secondary research was undertaken to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the market, its segments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, Association for Unmanned Vehicle Systems International, and different magazines were referred to in order to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and commercial databases.

Primary Research

The Drone Market comprises several stakeholders, such as platform manufacturers, software providers, solution providers, and regulatory organizations, in the supply chain. The demand side of this market is characterized by various end users, such as unmanned systems technology providers. The supply side is characterized by technological advancements in drone operations. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Drone Market. These methods were also used extensively to estimate the size of the various subsegments of the market. The research methodology used to estimate the market size includes the following steps:

• Key players in the industry and markets were identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the Drone market.

Report Objectives

• To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the Drone Market in COVID-19
• To analyze the impact of macro and micro indicators on the market
• To forecast the size of the market and its segments for five regions; namely, North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, along with major countries in each of these regions
• To strategically analyze micromarkets with respect to individual technological trends, prospects, and their contributions to the overall market
• To identify the short-term strategies adopted by players in the Drone Market to tackle the COVID-19 pandemic

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Scope of the Report

This research report categorizes the Drone Market based on technology and region.

On the basis of Vertical:

• COVID-19 IMPACT ON MARKET ECOSYSTEM
  • Impact on industry value chain
  • Component manufacturer
  • Service providers
  • Regulatory bodies
• COVID-19 DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS
  • Drivers
  • Restraints
  • Opportunities
  • Challenges
• COVID 19 IMPACT ON SUPPLIER ECOSYSTEM
  • Supplier overview
  • Business/operating models
  • Cost structure
  • Risk management and business continuity
  • Component manufacturer
  • Product integrator
  • Short term strategies of key players
• Military, By Application
  • Intelligence, Surveillance, and Reconnaissance (ISR)
  • Combat Operations
  • Battle Damage Management
• Commercial, By Application
  • Inspection & Monitoring
  • Remote Sensing
  • Surveying and Mapping
  • Product Delivery
  • Maintenance & Repair
  • Aerial Imaging
  • Industrial Warehousing
  • Others
• Government & Law Enforcement, By Vertical
  • Border Management
  • Traffic Monitoring
  • Firefighting & Disaster Management
  • Search & Rescue
  • Police Operations & Investigations
  • Maritime Security
• Consumer, By Application
  • Prosumers
  • Hobbyists

On the basis of Vertical:

• Defense & Security
• Agriculture
• Logistics & Transportation
  • Postal & Package Delivery
  • Health Care & Pharmacy
  • Retail & Food
• Energy & Power
  • Power Generation
  • Oil & Gas
• Construction & Mining
• Media & Entertainment
• Insurance
• Wildlife & Forestry
• Academics & Research

On the basis of region:

• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World (RoW)