Fixed-wing VTOL UAV Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Page: 215 | Report Code: AD23072501 | Research Suite: Report (PDF) & Market Data (Excel)

NOTE: Due to exhaustive nature of content, full ToC can't be uploaded. Please request Sample Pages to receive full table of content. 

The Fixed-wing VTOL UAV market is experiencing remarkable growth, with an estimated value of USD 842 million in 2022, projected to reach a staggering USD 4,627 million by 2030, exhibiting a compelling CAGR of 23.7% from 2022 to 2030. The surge in adoption by defense forces of advanced runway less unmanned aerial military platforms stands out as a pivotal driver behind this growth. Additionally, the increasing utilization of fixed-wing VTOL UAVs across a wide range of commercial applications, including monitoring, surveying & mapping, agriculture, aerial remote sensing, and product delivery, is further contributing to the market's expansion.

Fixed-wing VTOL UAVs are revolutionizing civil and commercial applications, such as photography, product delivery, greenhouse emission monitoring, wildlife research & preservation, as well as in sectors like agriculture, real estate, mining, and oil & gas. Their adoption in the agricultural sector has notably facilitated precision farming, enabling farmers to monitor crop health, manage irrigation equipment, and identify various types of weeds.

The demand for automation in various industries has surged due to rapid industrial developments in the US, China, France, and Japan. Moreover, the transfer of fixed-wing VTOL UAV technologies from developed economies to emerging economies, along with increased foreign investments, is expected to drive greater demand for these UAVs in civil and commercial applications. Their superior endurance and low operating costs have resulted in increased production, significantly propelling market growth. Prominent players in the commercial UAV space include Threod Systems (Estonia), ALTI UAS (South Africa), Autel Robotics (US), Vertical Technologies (US), Quantum-Systems (Germany), and Wingtra (Switzerland).

North America dominates the fixed-wing VTOL UAV market in 2022, followed closely by Asia Pacific and Europe. This trend is primarily due to the high demand for fixed-wing VTOL UAVs in the US for applications like firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.

Market Segmentation

Fixed wing VTOL UAV Market, By MTOW

·         < 25 Kilograms

·         25-170 Kilograms

·         170 kilograms

Fixed wing VTOL UAV Market, By Endurance

·         < 5 Hours

·         5-10 Hours

·         10 Hours

Fixed wing VTOL UAV Market, By Application

·         Military

·         Government & Law Enforcement

·         Commercial

Fixed wing VTOL UAV Market, By Propulsion Type

·         Electric

·         Gasoline

·         Hybrid

Fixed wing VTOL UAV Market, By Mode of Operation

·         Remotely Piloted

·         Optionally Piloted

·         Fully Autonomous

Fixed wing VTOL UAV Market, By Range

·         Beyond Line of Sight

·         Extended Visual Line of Sight

·         Visual Line of Sight

Fixed wing VTOL UAV Market, By Region

·         North America

·         Europe

·         Asia Pacific

·         Middle East

·         Latin America

·         Africa

Buy Report

  • $1990
  • $2990