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Fixed-wing VTOL UAV Market

Fixed-wing VTOL UAV Market by Propulsion (Electric, Hybrid, Gasoline), by Mode of operation (VLOS, EVLOS, BVLOS), by Type (Helicopter, Multi copter, Hybrid), by Payloads (ISR, Cameras, Telemetry), by Application (Military, Government & Law Enforcement, Commercial), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/2499 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Fixed-wing VTOL UAV Market Size was valued at USD 830 million in 2021 and US$ 844 million in 2022, expected to reach USD 3068.12 million by 2028, and grow at a CAGR of  24% over the forecast period 2022-2028.

A fixed-wing VTOL, UAV is a fixed-wing drone with the ability to take off, fly, and land vertically, as well as hover in open space. Since their inception, fixed-wing drones have chosen to transform the way experts map the world. However, due to the attached belly landings, they are also expected to have reliability and safety issues. Fixed-wing VTOL UAV’s are in high demand for both military and commercial operations because they combine the cruising flight efficiency of fixed-wing aircraft with the appropriate angle of vertical landing of multi-rotors.

Fixed-wing VTOL UAV Market Revenue Graph

Summary of VTOL Vertical Takeoff aircraft and Landing Airplane, any unusual aircraft with rotating wings, such as a helicopter and auto giro. They can also be fitted with rotating jet systems that can fly straight up and stay in places larger than the full size of the plane. A UAV, commonly referred to as a drone, automated airplane framework, or by various other names, is a non-passenger aircraft. Aerial vehicle, a military aircraft that is self-controlled, remote, or both, and carrying sensors, targeted designers, assault weapons, or electronic transmitters intended to disrupt or destroy targeted enemies.

UAV can be incredibly efficient, delivering a much wider range and tolerance than similar human-powered systems as they can be loaded with personnel, life support materials, or aircraft design safety requirements. The Multi rotor VTOL (Vertical Take-off and Landing) and UAV (Vacant Air Vehicles) can take off, landing, and roaming the area. A basic vertical UAV can be based on the design of a helicopter or incorporate a multi rotor design with four or more helicopters. Flight propellers provide both lift and movement. Multi copter drones are the most popular form of VTOL UAV.

MARKET DYNAMICS:

KEY DRIVERS:

  • Growing application in military and counter-terrorism applications

  • The need for safe and accurate inspection and monitoring

RESTRAINTS:

  • Limited political and social acceptability of UAVs

  • Inadequate skilled and trained workers for operation

OPPORTUNITIES:

  • Use in cargo delivery for military and commercial purposes.

  • expanded deployment for aerial remote sensing

CHALLENGES:

  • UAVs have limited consumer acceptance and cause auditory disruption.

  • Possible safety risks and invasions of privacy

THE IMPACT OF COVID-19

The outbreak of the novel corona virus pandemic has been a major challenge, causing problems for the Vertical Take-off and Landing  UAV Market revenue that has been predicted for the current forecast period, which will end in 2028. The reduction in investments and the lockdown have caused numerous operational issues. However, markets are returning to normalcy, and thus there is potential for market rate acceleration following the pandemic.

The market is divided into three types: helicopters, multi copters, and hybrids. One of the most important factors likely to propel the growth of the fixed-wing VTOL UAV Market is the increased adoption of technically sophisticated runway-less unmanned aerial military platforms by defence forces.

The market is divided into three segments based on application: military, homeland security, and civil and commercial. Rising demand for VTOL UAVs in the civil and commercial sectors will propel this market forward. The market is being propelled forward by the demand for 3D mapping, oil and gas pipeline inspections, recreation, safety, and monitoring operations.

MARKET KEY PLAYER

Turkish Aerospace Industries Inc., The Boeing Company, Textron Inc., Saab Group,  AeroVironment Inc., Schiebel Elektronische Gerate GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, DJI Innovations, Northrop Grumman Corporation, and other players.

MARKET SEGMENTS:

by Propulsion:

  • Electric

  • Hybrid

  • Gasoline

by Mode of operation:

  • VLOS

  • EVLOS

  • BVLOS

by Type:

  • Helicopter

  • Multi copter

  • Hybrid

by Payloads:

  • ISR

  • Cameras

  • Telemetry

by Application:

  • Military

  • Government & Law Enforcement

  • Commercial

Fixed-wing VTOL UAV Market Segment Chart

REGIONAL ANALYSIS

In 2022, North America is expected to be the largest market for fixed-wing VTOL UAVs. Vertical Take-off and Landing The UAV market is divided worldwide based on the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and the African region. The largest market share in the global market is occupied by the North American region due to the presence of countries such as Mexico, Canada, and the US with high rates of urbanization and that is why it creates a great demand for this region. The presence of various key players is another factor driving the market demand.

As the fastest growing region, the largest Vertical Take-off and Landing share of the UAV Market in the global market is dominated by the Asia-Pacific region due to the presence of populations such as China, India and Japan, in the South. Korea, and many others who drive market demand in the region. In addition, commercial and residential growth is another factor driving market demand.

The third largest market share in the global market is dominated by the European region due to the availability of well-developed infrastructure that requires the UAV Vertical Take-off and Landing market to develop and create further growth. opportunities in this region.

The Middle East and Africa region and the Latin American region show a very small market share due to the existence of low infrastructure in both regions. Low per capital income is another factor that hinders market growth in these regions.

REGIONAL COVERAGE:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • south Korea
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Israel
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
Fixed-wing VTOL UAV Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 830 Million
Market Size by 2028 US$ 3068.12 Million
CAGR CAGR of 24% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Propulsion (Electric, Hybrid, Gasoline)
• By Mode of operation (VLOS, EVLOS, BVLOS)
• By Type (Helicopter, Multi copter, Hybrid)
• By Payloads (ISR, Cameras, Telemetry)
• By Application (Military, Government & Law Enforcement, Commercial)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Turkish Aerospace Industries Inc., The Boeing Company, Textron Inc., Saab Group,  AeroVironment Inc., Schiebel Elektronische Gerate GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, DJI Innovations, Northrop Grumman Corporation, and other players.
DRIVERS • Growing application in military and counter-terrorism applications
• The need for safe and accurate inspection and monitoring
RESTRAINTS • Limited political and social acceptability of UAVs
• Inadequate skilled and trained workers for operation


Frequently Asked Questions (FAQ) :

According to SNS insiders, the Fixed-wing VTOL UAV Market size was USD 844 million in 2022 and is expected to reach USD 3068.12 million by 2028 with a CAGR of 24% over the forecasted period.

North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major five region covered in this report.

Israel Aerospace Industries Limited signed an agreement to acquire 50% of the equity of BlueBird.

North America is expected to be the largest market for fixed-wing VTOL UAVs  where due to the presence of countries such as Mexico, Canada, and the US with high rates of urbanization and that is why it creates a great demand for this region.

Limited political and social acceptability of UAVs and Inadequate skilled and trained workers for operation.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Fixed-wing VTOL UAV Market, by Propulsion

8.1 Electric

8.2 Hybrid

8.3 Gasoline

 

9.Fixed-wing VTOL UAV Market, by Mode of operation

9.1 VLOS

9.2 EVLOS

9.3 BVLOS

 

10.Fixed-wing VTOL UAV Market, by Type

10.1 Helicopter

10.2 Multi copter

10.3 Hybrid

 

11.Fixed-wing VTOL UAV Market, by Payloads

11.1 ISR

11.2 Cameras

11.3 Telemetry

 

12.Fixed-wing VTOL UAV Market, by Application

12.1 Military

12.2 Government & Law Enforcement

12.3 Commercial

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Lockheed Martin Corporation

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 DJI Innovations

14.3 Northrop Grumman Corporation

14.4 Saab Group

14.5 AeroVironment Inc.

14.6 Schiebel Elektronische Gerate GmbH

14.7 Israel Aerospace Industries Ltd.

14.8 Turkish Aerospace Industries Inc.

14.9 The Boeing Company

14.10 Textron Inc.

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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