The report "Fixed-wing VTOL UAV Market by Application (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW and Region - Global Forecast to 2030" The Fixed-wing VTOL UAV market is estimated at USD 842 million in 2022 and is projected to reach USD 4,627 million by 2030, at a CAGR of 23.7% from 2022 to 2030. Fixed-wing VTOL UAVs are used in a wide range of civil & commercial applications such as inspection, monitoring, remote sensing, photography, research, and product delivery, among others. They are also used to carry out surveillance and data collection. The market for these UAVs has been growing significantly over the past few years, and this trend is expected to continue during the forecast period.
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The commercial application segment of the fixed-wing VTOL UAV market is projected to grow at the highest CAGR during the forecast period.
Based on application, the commercial segment is expected to lead the fixed-wing VTOL UAV market from 2022 to 2030. These UAVs are used extensively for commercial applications for inspection & surveying, 3D mapping, product delivery and agricultural activities. The commercial segment is projected to grow at the highest CAGR during the forecast period.
The >170-kilogram segment of the fixed-wing VTOL UAV market is projected to grow at the highest CAGR during the forecast period.
Based on MTOW, the fixed-wing VTOL UAV market has been segmented into <25 kilograms, 25-170 kilograms, and >170 kilograms. The >170 kilograms segment is projected to grow at the highest CAGR from 2022 to 2030. These fixed-wing VTOL UAVs are widely used in military applications such as combat, ISR, and battle damage management.
North America is projected to lead the market for fixed-wing VTOL UAVs during the forecast period.
The growth of the North American market can be attributed to the increased demand for fixed-wing VTOL UAVs from the military and commercial sectors of the US and Canada. The US is estimated to lead the North American market in 2022. Textron Inc. (US) and Lockheed Martin Corporation (US) are some of the leading manufacturers of UAVs based in this region.
Key Market Players
Key players operating in the fixed-wing VTOL UAV market include ALTI UAS (South Africa), Ukrspecsystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (US), Textron (US), Lockheed Martin (US), and Latitude Engineering (US).
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Global Vertical Take-off and Landing (VTOL) UAV Market Research Report Information by Platform (Commercial and Military), Type (Fixed-Wing and Multi-rotor), Propulsion System (Electric, Solar, Hybrid, and Others) and Region– Forecast till 2023Market ScenarioUnmanned Aerial Vehicle (UAV), also known as drone or remotely piloted vehicle, is described as a type of aerial vehicle that can operate without any human or pilot interference.
The UAVs are predominantly used for military purposes such as surveillance, reconnaissance, and combat, and currently, a few countries are planning on replacing their manned forces with that of the UAVs.The global Vertical Take-Off and Landing (VTOL) UAV market are majorly dominated by the military platform due to its wider applicability in a range of military applications.
After various successful applications and over a period of growth and innovations in the military segment, there has been a significant shift and increase of market dynamics towards an extensive use of UAVs in the commercial sector.
Of late, drones are being largely used for various industrial applications, including aviation, construction, mining, oil & gas, telecom, and logistics sectors.
The usage of drones is driven by its benefits over their conventional manual inspection counterparts.Get Sample Report @ https://www.marketresearchfuture.com/sample_request/6279 Several major strategic developments have been undertaken on the VTOL UAV front, which have high growth potential.
The major drivers that propel the growth of this market are the increasing security concerns, focus on enhancing UAV propulsion systems, participation by aerospace companies, and rising adoption of UAVs in the commercial sector.In the recent years, the global VTOL UAV market witnessed a number of developments, particularly in the military sector.
