Skip to main content

Which are the major companies in the fixed-wing VTOL market?

The fixed-wing VTOL UAV market is estimated at USD 498 million in 2019 and is projected to reach USD 3,583 million by 2030, at a CAGR of 19.7% from 2019 to 2030. Fixed-wing VTOL UAVs are fixed-wing aircraft that take off and land vertically. These vehicles can fly autonomously or can be piloted remotely and play a significant role in the defense as well as commercial sectors.

The increasing adoption of fixed-wing VTOL UAVs for commercial applications such as product delivery, agriculture, aerial imaging, and inspection & monitoring, among others, is one of the factors driving the growth of the fixed-wing VTOL UAV market. The increasing use of fixed-wing drone to carry out advanced patrolling of marine borders is also a significant factor projected to drive the growth of the market.

The increasing adoption of fixed-wing VTOL UAVs in commercial and military applications is one of the most significant factors expected to drive the growth of the market due to improved design capabilities of fixed-wing VTOL UAV platforms

Based on vertical, the military segment of the fixed-wing VTOL UAV market is projected to grow at the highest CAGR from 2019 to 2030. This growth can be attributed to the increased adoption of fixed-wing VTOL UAVs in military applications. Technological advancements in this platform would be a major driver for the greater adoption of fixed-wing VTOL platforms in intelligence, surveillance, and reconnaissance (ISR), combat operations, and battle damage management.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173456250

Based on MTOW, the fixed-wing VTOL UAV market has been segmented into <25 kilograms, 25-100 kilograms, and >100 kilograms. The >100 kilograms segment is projected to grow at the highest CAGR from 2019 to 2030. This growth can be attributed to the increasing demand for high load payload carrying fixed-wing VTOL UAVs and technological advancements.

North America is projected to be the fastest-growing market for fixed-wing VTOL UAVs during the forecast period.

The fixed-wing VTOL UAV market in North America is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing demand for these UAVs from the US, for applications such as firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.

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).

ALTI UAS (South Africa) is one of the key players in the fixed-wing VTOL UAV market. The company offers a wide range of fixed-wing VTOL UAVs with wide applications such as security & surveillance, mapping & photography, and agriculture,among others. In November 2018, the company launched a Search and Rescue version of the ALTI Transition VTOL UAV which is designed for search and rescue missions. It also intends to expand its core business by developing new products in the UAV market. The company has excellent R&D capabilities and a strong brand image in the fixed-wing VTOL UAV market.

Get Sample Here: https://www.marketsandmarkets.com/requestsampleNew.asp?id=173456250

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Comments

Post a Comment

Popular posts from this blog

Ice Protection Systems Market, By Technology, Application, Type, Platform & Region Outlook BY 2021

  The growth of the ice protection systems market is expected to be propelled by increase in air traffic, new airline business models in emerging economies, and new airport projects in developed economies. The requirement of ice protection system varies according to the platforms in which it is being used. As military operations are usually carried out from non-traditional airfields with limited facilities, it is quite imperative that the aircrafts should be equipped with ice protection systems. For chemical deicing in military aircrafts, deicing fluids with different chemical composition are used. Ice protection systems are used to prevent atmospheric ice from accumulating on aircraft surfaces. The  global ice protection systems market  is estimated to be USD 7.91 Billion in 2016, and is projected to reach USD 10.17 Billion by 2021, at a CAGR of 5.14% from 2016 to 2021. The major difference between anti-icing and deicing system is that the former system prevents ice form...
Post a Comment
Read more

Cannabis Market Is Poised To Reach $39.4 billion by 2023

The global  cannabis market  size is expected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The major factors driving the cannabis market include the growing medicinal application of cannabis and the increasing legalization of cannabis. Browse 76 market data Tables and 44 Figures spread through 149 Pages and in-depth TOC on "Cannabis Market - Global Forecast to 2023" The flower segment is estimated to be the dominant segment in 2018. The cannabis market, by product type, is estimated to be dominated by the flower segment in 2018. The dominance of this segment is largely attributable to its wider availability and its method of delivery, as smoking or vaping the cannabis flower has a quicker effect and is preferred for fast-acting relief by medical and recreational cannabis consumers. Additionally, in comparison with concentrates, flowers are able to retain a hi...
Post a Comment
Read more

North America Is Anticipated To Lead The Radome Market From 2021 To 2026

The global radome market is estimated at USD 1.7 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 15.0% from 2021 to 2026. The radome market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The Advancements in composite materials technology for Radome structure, focus on development of compact radome for UAV platforms, demand for technologically advanced radome systems for next-generation aircraft and significance of radomes in warfare are fueling the growth of the radome market. The radome market is being driven by the increased adoption of advanced military UAV systems to gain an advantage over enemy forces and the increasing defense expenditure of various countries. Industry players are undertaking R&D activities that focus on improving the capability of these radomes to perform in all-weather conditions and provide support in commercial as well as defense operations, s...
Post a Comment
Read more