Vertical Take-off and Landing (VTOL) UAV Market Research Report – Forecast to 2027

Vertical Take-off and Landing (VTOL) UAV Market Research Report Information by Platform (Commercial and Military), Type (Fixed-Wing and Multi-rotor), Propulsion System (Electric, Solar, Hybrid, and Others) and Region - Forecast till 2027

ID: MRFR/A&D/4818-HCR | February 2021 | Region: Global | 100 pages

Vertical Take-off and Landing (VTOL) UAV Market

Vertical Take-off and Landing (VTOL) UAV Market Size is expected to reach USD 842 Million by 2030, registering a CAGR of 23.6% during 2020-2030.

Segmentation

By Platform Commercial Military
By Type Fixed-Wing Multi-rotor
By Propulsion System Electric Solar Hybrid Others

Key Players

  • Turkish Aerospace Industries Inc (Turkey)
  • Boeing Company (US)
  • Textron Inc (US)
  • Saab Group (Sweden)
  • AeroVironment Inc (US)
  • Schiebel Elektronische Gerate GmbH (Austria)
  • Israel Aerospace Industries Ltd (Israel)
  • Lockheed Martin Corporation (US)
  • DJI Innovations (China)
  • Northrop Grumman Corporation (US)

Drivers

  • Important Equipment
  • Highly Sensitive Sensors
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Vertical Take-off and Landing (VTOL) UAV Market Overview


The Vertical Take-off and Landing (VTOL) UAV Market revenue is likely to grow during the ongoing forecast period for the market of 2021-2028. The global market is likely to propel at a global market CAGR of 19.37%.


A fixed-wing VTOL (Vertical Take-off and Landing) UAV (Unmanned Aerial Vehicle) can be recognized as a fixed wing drone that has the ability to take off, fly, and further, land vertically, as well as hover in open place. Since inception, the fixed-wing drones have opted for transformation by the way experts map the world. However, they also are supposed to have reliability and safety issues owing to the attached belly landings.


The Fixed-wing VTOL UAVs are soaring high on huge demand for both the military as well as commercial operations since they are known to be combined with the cruising flight efficiency of the fixed-wing aircraft with the appropriate angle of vertical landing of multi-rotors.


 


COVID Analysis


The outbreak of the novel coronavirus pandemic has been a major difficulty and has caused issues for the Vertical Take-off and Landing (VTOL) UAV Market revenue that has been predicted for the ongoing forecast period that will be ending in 2028. The reduction in investments and lockdown has created many problems in the functioning. However, the markets are returning to normalcy and hence, there is a scope for the propelling market rate after the pandemic. 


Market Segmentation


Vertical Take-off and Landing Market


Market Dynamics


Drivers


A Fixed-wing VTOL UAV can independently and safely opt for take off and land vertically with the use of highly sensitive sensors on a smaller area, and thus, they will perform effectively in the most of the difficult terrains with minimal noise. It is hence, being considered as a viable option for the combat operations and further, the battle damage management in various military applications. Fixed-wing VTOL UAV are also, expected to become a prominent part of the most important equipment in various life-threatening military missions.


 


Restraints


However, the Vertical Take-off and Landing (VTOL) UAV Market size is witnessing the rise of restrictions that have been imposed on the commercial use of unmanned aerial vehicles that are likely to affect the fixed-wing VTOL UAV market in some participating countries of the global at least during the first half of the forecast period that will be ending in 2028.


 


Technology Analysis


Also, the fixed-wing Vertical Take-off and Landing (VTOL) UAV Market analysis shows that the market trends have been in a great demand for several kinds of commercial applications that are inclusive of aerial imaging, agriculture, and environmental inspection and monitoring.


 


Study Objectives


The global Vertical Take-off and Landing (VTOL) UAV Market report has been formed to help the market investors understand the the scope of the market functioning followed by the dynamics that will be available to the global market both in terms of growth perspectives and restraints. This will help them have a better idea and hence, they will be able to take their investment decisions accordingly.


The global Vertical Take-off and Landing (VTOL) UAV Market report is likely to render help to the new entrants of the market to understand the functioning and the rising requirement of resources. The global market report helps to analyze the regional segmentation of the global market and further, discuss the prominence of other market segments that will help in meeting the rising needs of the target audience followed by the ability of the market to meet the projected revenue figures for the global market.


The market report helps in analyzing the rising degree of competition amongst the global companies that are a part of various regions. The market report also helps in studying the factors like the recent developments that have undertaken by the players during the period that will be ending in 2028. 


 


Market Segmentation


The Vertical Take-off and Landing (VTOL) UAV Market has been bifurcated worldwide based on the platform, type, propulsion system, and region.


Based on the Platform


The market has been divided all across the globe based on the platform into the commercial platform and military platform. The largest market share in the global market is held by the military platform.


Based on the Type


The market has been divided all across the globe based on the type into the fixed-wing type and multi-rotor type. Owing to ease of use and control, the largest market share is held by the multi-rotor segment.


Based on the Propulsion System


The market has been divided all across the globe based on the propulsion system into the hybrid propulsion system, solar propulsion system, electric propulsion system, and many others.


Based on the Region


The market has been bifurcated all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.


Regional Analysis


The Vertical Take-off and Landing (VTOL) UAV Market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to the presence of countries like Mexico, Canada, and the US that have high urbanization rates and hence creates more demand in this region. The presence of various major key players is another factor that drives the market demand.


Being the fastest-emerging region, the largest Vertical Take-off and Landing (VTOL) UAV Market  share in the global market is held by the Asia-Pacific region owing to the presence of highly populous countries like China, India along with Japan, South Korea, and many others that drive the market demand in this region. Moreover, increasing commercial and residential growth is another factor that drives the market demand.


The third-largest market share in the global market is held by the European region owing to the presence of well-established technologically advanced infrastructure that requires more Vertical Take-off and Landing (VTOL) UAV Market for its further enhancement and hence creates more growth opportunities in this region.


The Middle East and African region along with the Latin American region show the least market share due to the presence of low infrastructure in both these regions. Low per capita income is another factor that restrains the market growth in these regions.



Competitive Landscape


The most prominent major key players in the vertical takeoff and landing UAV market all across the globe are mentioned below:



  • Turkish Aerospace Industries Inc. (Turkey)

  • The Boeing Company (US)

  • Textron Inc. (US)

  • Saab Group (Sweden)

  • AeroVironment Inc. (US)

  • Schiebel Elektronische Gerate GmbH (Austria)

  • Israel Aerospace Industries Ltd. (Israel)

  • Lockheed Martin Corporation (US)

  • DJI Innovations (China)

  • Northrop Grumman Corporation (US)


These major key players adopt various strategies to endure their market position in the vertical takeoff and landing UAV market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, setting up a new joint venture, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the vertical takeoff and landing UAV market all across the globe.


Recent Developments


The largest market share in the global market is held by the North American region owing to the presence of countries like Mexico, Canada, and the US that have high urbanization rates and hence creates more demand in this region.


Turkish Aerospace Industries Inc. (Turkey) is spending a considerable sum of money on research and development to get an upper edge over its competitors.


Being the fastest-emerging region, the largest market share in the global market is held by the Asia-Pacific region owing to the presence of highly populous countries like China, India along with Japan, South Korea, and many others that drive the market demand in this region.


Report Overview


This global vertical takeoff and landing UAV market research report include the following components mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This global market research report contains characteristics that drive the growth of the vertical takeoff and landing UAV market in the global market and the factors that restrict its growth in the global market. The technical analysis worldwide during the forecasted period is mentioned. The impact of the COVID 19 on the vertical takeoff and landing UAV market in the global market is mentioned. The future growth rate in the vertical takeoff and landing UAV market during the review period is estimated and mentioned.



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Frequently Asked Questions (FAQ) :

The vertical takeoff and landing UAV market is anticipated to grow at a higher CAGR of 19.37% in the global market during the forecasted period.

The most prominent major vital players are AeroVironment Inc. (US), The Boeing Company (US), Turkish Aerospace Industries Inc. (Turkey), DJI Innovations (China), and many others.

The largest market share in the vertical takeoff and landing UAV market all across the globe is held by the North American region followed by the Asia-Pacific region and European region respectively.