Market Research UAV Feasibility Study Project

Overview

A comprehensive and collaborative market research project led by 30+ students at the University Canada West (UCW). This project focused on the feasibility study for UAVs, advancing from Technology Readiness Level (TRL) 1 to 4. Over a fast-paced 3-month duration, the project covered pricing analysis, competitive analysis, supplier/manufacturer analysis, cost analysis, and collaborative analysis.

Key Achievements

  1. Advancement to TRL 4

    • Successfully moved the UAV feasibility study from initial concept (TRL 1) to prototype and early-stage development (TRL 4).

  2. Exemplary Learning Experience

    • Received high praise from students and professors for the structured approach and collaborative learning environment.

    • Provided students with practical, real-world research experience.

  3. Comprehensive Market Insights

    • Delivered a detailed analysis of the UAV market, including pricing, competition, suppliers, and costs.

    • Identified key factors for successful market entry and competitive positioning.

  4. Effective Team Coordination

    • Achieved seamless collaboration across five teams, ensuring cohesive and thorough research outcomes.

    • Leveraged diverse perspectives and expertise to enhance the quality of the feasibility study.

Project Details

  • Project Structure

    • Teams: 5 student teams, each consisting of about 6 students.

    • Collaboration: Synchronized objectives across all teams for cohesive results.

    • Duration: 3 months

Research Areas

Developed comprehensive protocols to counter potential threats from unauthorized drones.

  1. Implemented measures to detect, identify, and mitigate drone-related risks.

  2. End-to-End Security

  3. Ensured secure communication channels for data transmission.

  4. Implemented robust encryption and authentication mechanisms to safeguard drone operations and data.

Challenges

Fast-Paced Environment

  • Managing a comprehensive research project within a limited 3-month timeframe.

  • Ensuring seamless collaboration and communication across multiple teams.

Diverse Research Objectives

  • Coordinating different research focuses to create a unified feasibility study.

  • Balancing in-depth analysis with broad market insights.

Solutions

  • Structured Team Coordination

    • Implemented regular check-ins and progress reviews to keep teams aligned.

    • Used collaborative tools and platforms to facilitate communication and data sharing.

  • Comprehensive Research Framework

    • Developed a clear research framework with defined objectives and milestones.

    • Encouraged inter-team collaboration to leverage diverse perspectives and expertise.

Benefits

Enhanced Market Understanding

  • Provided a thorough understanding of the UAV market landscape.

  • Identified key factors for successful market entry and competitive positioning.

Practical Research Skills

  • Equipped students with valuable market research and analytical skills.

  • Fostered a collaborative learning environment that mirrored real-world business scenarios.

Facts & Figures

  • Project Duration: 3 months

  • Team Size: 30+ students (5 teams of 6)

  • Technology Readiness Level: Progressed from TRL 1 to TRL 4

Contact Information

For more information about the UAV Feasibility Study Project, please contact: