A recent report published by Infinium Global Research on the vertical take-off and landing (VTOL) UAV market provides an in-depth analysis of segments and sub-segments in the global as well as regional vertical take-off and landing (VTOL) UAV market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vertical take-off and landing (VTOL) UAV market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global vertical take-off and landing (VTOL) UAV market. According to the report, the global vertical take-off and landing (VTOL) UAV market are projected to grow at a CAGR of about 20% over the forecast period of 2022-2028.
The revenue generated by the vertical take-off and landing (VTOL) UAV market was around USD 7 billion in 2022 and is expected to reach over USD 20 billion in 2028 and is expected to grow with a CAGR of about 20% over the forecast period 2022-2028. Vertical take-off and landing are referred to as VTOL. Unmanned aerial vehicles (UAVs) that can fly, hover, and land vertically, like a helicopter, are described. Multicopter drones are the type of VTOL UAV that is most prevalent. The other varieties of VTOL UAVs combine the capacity to hover with a traditional wing configuration for cruise flight. All multicopter drones and some hybrid fixed-wing aircraft fall under this category. These types of VTOL UAVs can be launched from anywhere without the prior requirement of a runway, which makes them highly applicable in a range of operations from surveying and mapping to defense, search and rescue, and others. Also, these drones are light in weight as compared to STOL UAVs and are easier to mobilise. The VTOL UAV is available in different shapes and sizes.
With the spread of the COVID-19 pandemic, VTOL UAVs have played an essential role in managing the situation. Further, the situation has created innovative opportunities for the VTOL UAV market. With the COVID-19 lockdown, the e-commerce industry around the world has witnessed an increase in user engagement. As the COVID-19 outbreak has forced millions of people across the country to spend more time at home, the online shopping business has sprung into action to cater to the rising demand. Quickly changing consumer demands, growing demand for shorter delivery times, a rise in online shopping, and fierce competition among online retailing companies have augmented the demand for VTOL UAVs. The only problem faced during the pandemic was the supply of VTOL UAVs to the end users due to supply chain disruptions.
The military and civil/commercial applications of VTOL UAVs are growing rapidly. The VTOL UAV offers numerous advantages, such as the ability to take off vertically without any prior runway. In the military, VTOL UAVs are being used for intelligence gathering, reconnaissance, and surveillance purposes. The miniature VTOL UAVs can be carried by tactical teams in the field and used conveniently when the need arises. Similarly, the civil/commercial applications of VTOL UAVs are growing in the fields of agriculture, retail, e-commerce, construction, and others. VTOL UAVs can be used for precision agriculture, package delivery, aerial mapping, and many other such use cases. The integration of AI in VTOL UAVs is growing at a rapid pace, which is enabling them to operate autonomously with minimal human intervention, as well as the AI integration with VTOL UAVs has increased the capacity of its applications such as aerial mapping, surveying, object detection, and others. Limited air traffic management and stringent regulations are expected to restrain the growth of the market. The launch of innovative products is expected to boost growth opportunities in the market.
The global vertical take-off and landing UAV market is segmented into North America, Asia-Pacific, Europe, and the RoW region. North America dominated the vertical take-off and landing UAV market in terms of revenue. Sectors such as agriculture, healthcare, retail, e-commerce, and construction are using VTOL UAVs for a range of applications. These applications include precision agriculture, topography mapping, aerial mapping, package deliveries, and many others. Predominantly, the defense has been the largest user of VTOL UAVs in North America. UAV air traffic management systems are being devised and are in the process of adoption, which offers numerous Companies such as The Boeing Company, Lockheed Martin Corporation, Textron Inc., and others offer VTOL UAVs for the military as well as civil applications. Startups offering innovative VTOL UAVs are emerging in North America. regulatory framework for growth opportunities in North America. Asia-Pacific is expected to be the fastest growing region in the market. Many companies in Asia-Pacific, such as ZDI Technology Co., Ltd., offer VTOL UAVs and their use is growing in different domains.
The report on the global vertical take-off and landing (VTOL) UAV market covers segments such as type, payload, and application. On the basis of type, the sub-markets include powered lift and rotorcraft. On the basis of payload, the sub-markets include sensors and cameras. On the basis of application, the sub-markets include military, and civil & commercial.
The report provides profiles of the companies in the market such as The Boeing Company, Lockheed Martin Corporation, AeroVironment, Inc., Schiebel Elektronische Geraete GmbH, Saab Group, Censys Technologies, Textron Inc, Turkish Aerospace Industries Inc., and Autel Robotics.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the vertical take-off and landing (VTOL) UAV market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
Please Choose One of them.