Overview and Scope
Fixed-wing vertical takeoff and landing (VTOL) unmanned aerial vehicles (UAVs)
refer to unmanned aircraft that possess the capability to take off and land
vertically, like helicopters or multirotor drones, while also featuring fixed
wings for sustained forward flight. It is used for various purposes, including
inspection and monitoring, mapping and surveying work, powerline inspection,
and environmental monitoring.
Sizing and Forecast
The fixed-wing VTOL UAV market size has grown exponentially in recent years. It
will grow from $1.18 billion in 2023 to $1.46 billion in 2024 at a compound
annual growth rate (CAGR) of 23.6%. The
growth in the historic period can be attributed to wide-scale use in civil and
commercial applications, the growing number of applications, and rise in the
use of fixed-wing VTOL UAVs for the military, the rise in government
investment, the need for safe and accurate inspection and monitoring.
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Segmentation & Regional Insights
The fixed-wing VTOL UAV market covered in this report is segmented –
1) By Propulsion: Electric, Hybrid, Gasoline
2) By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
3) By Range: Beyond Line Of Sight, Extended Visual Line Of Sight, Visual Line
Of Sight
4) By Application: Military, Government, Law Enforcement, Firefighting And
Disaster Management, Search And Rescue, Maritime Security, Commercial
North America was the largest region in the Fixed-wing VTOL UAV market in 2023.
The regions covered in the fixed-wing vtol uav market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
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Major Driver Impacting Market Growth
The growing military and defense applications are expected to propel the growth
of the fixed-wing VTOL UAV market going forward. Military and defense encompass
the strategies, organizations, technologies, and activities aimed at protecting
a nation's sovereignty, interests, and citizens from external threats.
Fixed-wing VTOL UAVs are utilized in military and defense applications for
reconnaissance, tactical operations, border patrol, and search and rescue
missions because they improve operational effectiveness and situational
awareness by offering versatility, flexibility, and efficiency. For instance,
in 2021, according to the Stockholm International Peace Research Institute, a
US-based international institute, arms sales increased by 4.2% compared with
2020, reaching $123 billion in 2022. Furthermore, in April 2023, according to
the Peter G. Peterson Foundation, a US-based nonpartisan organization, between
2021 and 2022, U.S. defense spending increased by $71 billion. Therefore, the
growing military and defense applications are driving the growth of the
fixed-wing VTOL UAV market.
Key Industry Players
Major companies operating in the fixed-wing VTOL UAV market are Lockheed Martin
Corporation, Textron Inc., Avery Dennison Corporation (AVY), AeroVironment
Inc., SZ DJI Technology Co. Ltd., ideaForge Technology Ltd., Quantum-Systems
GmbH, Wingtra WingtraOne, Autel Robotics, Elroy Air Inc., ULC Robotics Inc.,
Bluebird Aero Systems Ltd., Arcturus UAV Inc., Latitude Engineering, ALTI
Unmanned Aircraft Systems, Threod Systems, ZEROTECH Intelligence Technology
Co., Ltd., Sunlight Aerospace, A-techSYN Ltd., Ukrspecsystems, Vertical
Technologies Ltd., Carbonix, Hubblefly Technologies, Homeland Surveillance
& Electronics LLC, Height Technologies
The fixed-wing vtol uav market report table of contents includes:
1. Executive Summary
2.
Fixed-Wing VTOL UAV Market Characteristics
3.
Fixed-Wing VTOL UAV Market Trends And Strategies
4.
Fixed-Wing VTOL UAV Market - Macro Economic Scenario
5. Global
Fixed-Wing VTOL UAV Market Size and Growth
.
32. Global
Fixed-Wing VTOL UAV Market Competitive Benchmarking
33. Global
Fixed-Wing VTOL UAV Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Fixed-Wing VTOL UAV Market
35.
Fixed-Wing VTOL UAV Market Future Outlook and Potential Analysis
36.
Appendix
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