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)
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