What is VTOL UAV Market?
An unmanned aerial vehicle (UAV), commonly known as a drone, as an unmanned aircraft system (UAS), or by several other names, is an aircraft without a human pilot aboard. presently, key market players are focusing on the development of electrically powered vertical takeoff and landing (EVTOL) drone for collecting surveillance data about critical infrastructure. This, in turn, the growth in the demand of VTOL UAV globally in the upcoming years.
Highlights from VTOL UAV Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DJI (China), Parrot SA (France), 3D Robotics (United States), AscTec (A Part of Intel Deutschland GmbH) (Germany), Yamaha (Japan), XAG Co., Ltd. (China), ZEROTECH (China), Ehang (China), IAI (Israel), Alpha Unmanned Systems (Spain) and Microdrones (Germany) |
VTOL UAV is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global VTOL UAV market throughout the forecasted period.
DJI (China), Parrot SA (France), 3D Robotics (United States), AscTec (A Part of Intel Deutschland GmbH) (Germany), Yamaha (Japan), XAG Co., Ltd. (China), ZEROTECH (China), Ehang (China), IAI (Israel), Alpha Unmanned Systems (Spain) and Microdrones (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are EWATT INC. (United States), Atmos UAV B.V. (The Netherlands) and CybAero (Sweden). VTOL UAV Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Military, Homeland Security, Civil & Commercial and Others |
Type | Multicopter, Helicopter and Hybrid |
Size Type | Small and Medium,Large,Micro |
Distribution Channel | OEMs,Aftermarket |
On the basis of geography, the market of VTOL UAV has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Enhanced Surveillance
Market Growth Drivers:
Increasing Preference for Modern Warfare Techniques By Defense Forces and Rise in Demand for Drones in Surveillance of Agriculture Products
Challenges:
Stringent Government Regulations Regarding Air Traffic Management and Use of Consumer Drones
Restraints:
Dearth of Skilled Drone Operators in Developing Nations
Opportunities:
Growing Demand of Drones for Non-Military Application Developing Economies and Modernization of Military with Respect to Advanced Technology
Key Target Audience
VTOL UAV Manufacturers, Component Providers, Technology Providers, Semiconductor Companies, Government Regulatory Bodies, End Users and Others
Market Leaders & Development Strategies
In November 2018, ELTA Systems, a division and subsidiary of Israel Aerospace Industries (IAI) has launched a new and enhanced configuration of its Drone Guard system which detects, identifies and disrupts the operation of UAS and small drones.