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Fixed-wing VTOL UAV Market latest Analysis and Growth Forecast By 2030
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According to the Market Statsville Group (MSG), the global Fixed-wing VTOL UAV Market size is expected to grow from USD 682.3 million in 2021 to USD 4,527.2 million by 2030, at a CAGR of 23.4% from 2022 to 2030. VTOL with a fixed-wing (Vertical Take-off and Landing) Unmanned aerial vehicles, or UAVs, can hover in position in addition to taking off, flying, and landing vertically. Using highly sensitive sensors, these drones can autonomously and safely take off and land vertically on a small area. They perform well in the most difficult terrain while producing little noise.
The fixed-wing VTOL UAV market is the increased use of fixed-wing VTOL UAVs in military applications. The increased deployment of fixed-wing VTOL UAVs for aerial remote sensing and the growing popularity of fixed-wing VTOL UAVs in military applications drive market growth. The increased popularity of fixed-wing VTOL UAVs in life-threatening military missions and the use of fixed-wing VTOL UAVs in advanced maritime border patrolling are also influencing the market. Furthermore, the growth of the heavy engineering industry, the use of fixed-wing VTOL UAVs in life-threatening military missions, rapid urbanization, and the application of modern warfare techniques all have a positive impact on the fixed-wing VTOL UAV market.
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Global Fixed-wing VTOL UAV Market Dynamics
Drivers: Prevalent application in civil and commercial applications
Fixed-wing VTOL UAVs are widely used in civil and commercial applications such as photography, product delivery, monitoring greenhouse gas emissions, and wildlife research and preservation. They're also used in agriculture, real estate, mining, and the oil and gas industries. The use of UAVs in agriculture has resulted in the evolution of precision farming, which allows farmers to monitor crop health, track irrigation equipment, and identify various types of weeds, among other things.
Rapid industrial development in the United States, China, France, and Japan has increased the demand for automation across many industries. Furthermore, increased foreign investment and technology transfer related to fixed-wing VTOL UAV platforms from developed economies to emerging economies are expected to increase demand for fixed-wing VTOL UAV platforms.
Restraints: Inadequate skilled and trained personnel for operation
Unlike conventional aircraft, personnel operating fixed-wing VTOL UAVs must ensure the entire unmanned aerial system's reliability, including UAVs, ground control stations, and communication equipment. These unmanned aerial vehicles (UAVs) can fly at various altitudes, but they require pilots to control and operate them and skilled personnel for remote piloting. There aren't many pilots available for such high-precision operations. Increased commercial, law enforcement & government drone adoption adds to the growing demand for skilled fixed-wing VTOL UAV pilots. Currently, efforts are being made to improve the autonomy of these systems, thereby reducing the involvement of human operators, in order to reduce the number of accidents caused by poor control skills of operators.
Opportunities: Expanded deployment for aerial remote sensing
Aerial remote sensing safeguards critical infrastructure such as military bases, government buildings, airports, and banks. Police and military departments benefit from fixed-wing VTOL UAVs because they must be ready to respond to any incident quickly and require timely and relevant information. These UAVs are more cost-effective than person-hours for ensuring public safety during investigations.
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Scope of the Global Fixed-wing VTOL UAV Market
The study categorizes the fixed-wing VTOL UAV market based on maximum takeoff weight, operating mode, propulsion type, range, and application at the regional and global levels.
By Maximum Takeoff Weight Outlook (Sales, USD Million, 2017-2030)
- <25 Kg
- 25-500 Kg
- >500 Kg
By Operating Mode Outlook (Sales, USD Million, 2017-2030)
- Remotely Piloted
- Partially Piloted
- Fully Autonomous
By Propulsion Type Outlook (Sales, USD Million, 2017-2030)
By Range Outlook (Sales, USD Million, 2017-2030)
- Visual Line of Sight
- Extended Line of Sight
- Beyond Line of Sight
By Application Outlook (Sales, USD Million, 2017-2030)
- Law Enforcement
By Region Outlook (Sales, USD Million, 2017-2030)
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
Military application segment is projected to account for the largest market share by application
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Based application, the global fixed-wing VTOL UAV market is divided into military, government & law enforcement, and commercial. During the forecast period, the military application segment is expected to lead the fixed-wing VTOL market due to the growing adoption of these UAVs in this application. Moreover, the increasing military and defense investments by the various government will further boost the segmental growth over the forecast period.
North America segment is projected to account for the largest market share, by Region
North America is witnessed to have the largest market for fixed-wing VTOL UAVs. This is due to the high demand from the United States for fixed-wing VTOL UAVs for maritime security, firefighting and disaster management, agriculture, product delivery, and inspection and monitoring, among others. Moreover, the presence of established market players in the region, such as Lockheed Martin Corporation (US) and Textron Inc. (US), fosters the market’s growth in the region.
Key Market Players in the Global Fixed-wing VTOL UAV Market
The global Fixed-wing VTOL UAV Market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.
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Major players in the global fixed-wing VTOL UAV market are:
- Alti UAS
- Arcturus UAV, Inc.
- Bluebird Aero Systems LTD
- Elroy Air Inc.
- Lockheed Martin Corporation
- Quantum-Systems GmbH
- Textron Inc.
- ULC Robotics Inc.
- Vertical Technologies Ltd.
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