Fixed-wing VTOL UAV Market - Trends Forecast Till 2028

Fixed-wing VTOL UAV Market by Vertical (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-FWVTOLUAVM-1010

Format:  

Number of Pages: 346

Domain: Aerospace & Defense

Fixed-wing VTOL UAV Market – Trends Forecast Till 2028

The Fixed-Wing VTOL UAV Market is projected to reach a CAGR of 18.4% from 2021 to 2028.

Fixed-wing VTOL UAV refers to the fixed-wing vertical take-off and landing (VTOL) unmanned air vehicle (UAV). They are commonly known as drone and are capable of being operated autonomously with any human pilot. A fixed-wing VTOL UAV can hover, take-off, and land vertically like a helicopter with help of rotors. The vehicle is primarily designed for high aerodynamic performance and low take-off weight. Aerodynamics design steps and sizing of both wing and static stability is fulfilled by evaluating the centre of gravity location with respect to the neutral point

The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, product delivery and rise in the adoption of technologically advanced runway less unmanned aerial military platforms by defence forces are some of the factors that have supported long-term expansion for Fixed-wing VTOL UAV Market.

Fixed-wing VTOL UAV Market Research Report

North America is estimated to be the largest market for fixed-wing VTOL UAVs in 2019, followed by Asia Pacific and Europe. This is attributed to the high demand for fixed-wing VTOL UAVs from the US, for applications such as firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.

Fixed-wing VTOL UAV Market is segmented into vertical, application, mode of operation, range, MTOW, propulsion, endurance and region.

On the basis of Vertical

  • Military
  • Commercial

On the basis of Application

  • Border Management
  • Traffic Monitoring
  • Firefighting & Disaster Management
  • Search & Rescue
  • Police Operations & Investigations
  • Maritime Security

On the basis of Mode of Operation  

  • Remotely Piloted
  • Optionally Piloted
  • Fully Autonomous

On the basis of Range

  • Visual Line of Sight (VLOS)
  • Extended Visual Line of Sight (EVLOS)
  • Beyond Line of Sight (BLOS)

On the basis of MTOW

  • <25 Kilograms
  • 25-170 Kilograms
  • >170 Kilograms

On the basis of Propulsion

  • Electric
  • Hybrid
  • Gasoline

On the basis of Endurance

  • <5 hours
  • 5 – 10 hours
  • 10 hours

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Fixed-wing VTOL UAV Market Primary Respondent

 

Key Players

  • Alti UAS
  • Arcturus UAV, Inc.
  • Bluebird Aero Systems LTD
  • Elroy Air Inc.
  • Lockheed Martin Corporation
  • Quantum-Systems GmbH
  • Textron Inc.
  • Ukrspecsystems
  • ULC Robotics Inc.
  • Vertical Technologies Ltd.

Recent Developments

  • In 2020, Wingtra announced the release of its new payload – MicaSense Altum, which is useful for agricultural and closely monitoring water stress areas. This payload provides a high-resolution thermal (down to 54 cm or 21 in/px) and multispectral (down to 3.4 cm or 1.3 in/px) imagery.
  • In 2020, Larsen & Toubro (L&T) signed a pact with ideaForge to offer allied systems and drones for defense use. Both companies integrated their strengths to provide Hi-tech drone solutions to improve surveillance and security.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Fixed-wing VTOL UAV Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 18.4% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

vertical, application, mode of operation, range, MTOW, propulsion, endurance and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Alti UAS, Arcturus UAV, Inc., Bluebird Aero Systems LTD, Elroy Air Inc., Lockheed Martin Corporation, Quantum-Systems GmbH, Textron Inc., Ukrspecsystems, ULC Robotics Inc. and Vertical Technologies Ltd.

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