The growth of this market is foreseen to be driven by the rising demand of VTOL UAVs in civil & commercial sector coupled with the rising usage of the system for surveillance and monitoring purpose in the military sector. Moreover, the rising need for 3D mapping, oil & gas pipeline inspection, recreational activities, safety, and surveillance is further adding impetus growth to the market. Furthermore, technological advancement in such a system is expected to offer new opportunity growth in the market.
As per the recent report added by Value Market Research, the Global VTOL UAV Market was valued USD 3,155.4 MN (by revenue) in 2017 and is anticipated to reach USD 10,160.3 MN by 2024 with a CAGR of 18.1%.
MULTI-COPTER IS LEADING THE MARKET
Multi-copter is a most popular type of drone among UAVs. This is the ideal choice for aerial photography, filmmaking, and surveillance. It is mostly used by professionals and hobbyists because of its small size and ready to fly out of the box capabilities. By the end of 2024, the segment is expected to touch USD XX.X MN
THE MILITARY SEGMENT IS DOMINATING THE MARKET
The military has dominated the segment in 2017 and is expected to reach USD XX.X MN by 2024. Technically, VTOL UAV systems are designed to perform mission’s task in the military such as surveillance, target acquisition and reconnaissance (ISTAR), search and rescue, port and coastal protection, force protection, and battlefield management. Also, they are capable of operating day or night in harsh weather conditions. Therefore, owing to the rising concern over protection and security along with the increasing expenditure in the military sector in terms of security is expected to fuel the demand for UAV in the military.
RECONNAISSANCE AND SURVEILLANCE APPLICATIONS HELP SMALL UAVS TO GAIN HYPE IN THE MARKET
Small UAVs are lightweight, hand-launched, portable systems that operate at low speeds and altitudes. Growing demand for small UAV's from reconnaissance and surveillance applications is likely to fuel the segment growth. As per the analysis, the segment is expected to touch USD XX.X MN by end of 2024.
ISR PAYLOAD FEATURE IS INCREASINGLY BEING USED IN HOMELAND SECURITY
ISR is leading the payload segment since it is an important part of unmanned aerial vehicles. Intelligence, surveillance, reconnaissance (ISR) is increasingly being used in military and homeland security. Growing adoption of unmanned vehicles with ISR payload for long-duration missions where real-time data collection is essential is expected to drive the growth. The segment is expected to reach USD XX.X MN by end of 2024.
INCREASING INVESTMENT IN MILITARY SECTOR HELPS NORTH AMERICA TO GAIN THE HIGHEST SHARE IN GLOBAL VTOL UAV MARKET
VTOL UAV market is dominating by North America since it is one of the biggest spenders on the military. Moreover, increasing usage of commercial drones for monitoring and surveying applications along with the growing concerns of terrorism and security are expected to raise the demand of drones in this region. North America is projected to touch USD XX.X MN by 2024.
DJI Company, Lockheed Martin Corporation, Israel Aerospace Industries Limited, Parrot SA, and Northrop Grumman Corporation.
As per this study the Global VTOL UAV Market was valued USD 3,155.4 MN (by revenue) in 2017 and is anticipated to reach USD 10,160.3 MN by 2024 with a CAGR of 18.1%.
Unmanned Air Vehicles (UAVs) commonly known as a drone, is an aircraft without a pilot abroad. Over the years, they have been extensively used in many areas, such as agriculture, forestry, surveillance, rescue operations, security, aerial photographing, and so on. The VTOL (Vertical Takeoff and Landing) is a next-generation aircraft platform that can hover, take off, and land vertically. This classification includes a variety of aircraft, fixed-wing aircraft as well as helicopters and other aircraft with powered rotors, such as cyclogyros/cyclocopters and tiltrotors. Conventionally, they are preferred for military operations which include missions, tracking, surveillance, and active engagement with weapons and airborne data acquisition.
The global VTOL UAV market is projected to witness a high growth in the years to come. The growth of this market is foreseen to be driven by the rising demand of VTOL UAVs in civil & commercial sector coupled with the technological innovation. Additionally, the growing demand for 3D mapping, oil & gas pipeline inspection, recreational activities, safety, and surveillance is further adding impetus growth to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of VTOL UAV.
The broad VTOL UAV market has been sub-grouped into type, application, size, and payload. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Applications Market Share 2017
- Homeland Security
- Civil & Commercial
- Intelligence, Surveillance and Reconnaissance (ISR)
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for VTOL UAV in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe VTOL UAV Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the VTOL UAV market include DJI Company, Israel Aerospace Industries Limited, Lockheed Martin Corporation, Parrot SA and Northrop Grumman Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To VTOL UAV
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global VTOL UAV Market: Snapshot
4. VTOL UAV MARKET ANALYSIS BY TYPE
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. VTOL UAV MARKET ANALYSIS BY APPLICATION
- Market In Helicopter
- Market In Multicopter
- Market In Hybrid
6. VTOL UAV MARKET ANALYSIS BY SIZE
- Market In Military
- Market In Homeland Security
- Market In Civil & Commercial
7. VTOL UAV MARKET ANALYSIS BY PAYLOAD
- Market In Large
- Market In Medium
- Market In Small
8. VTOL UAV MARKET ANALYSIS BY GEOGRAPHY
- Market In Intelligence, Surveillance and Reconnaissance (ISR)
- Market In Cameras
- Market In Telemetry
- Market In Sensors
- Market In Autopilot
9. COMPETITIVE LANDSCAPE OF THE VTOL UAV COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
10. COMPANY PROFILES OF THE VTOL UAV INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- DJI Company
- Israel Aerospace Industries Limited
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Parrot SA
Table 1. Market Highlights Of VTOL UAV
Table 2. Global VTOL UAV Market By Types
Table 3. Global VTOL UAV Market By Application
Table 4. Global VTOL UAV Market By Size
Table 5. Global VTOL UAV Market By Payload
Table 6. Global VTOL UAV Market By Geography
Table 7. North America VTOL UAV Market
Table 8. Europe VTOL UAV Market
Table 9. Asia Pacific VTOL UAV Market
Table 10. Latin America VTOL UAV Market
Table 11. Middle East And Africa VTOL UAV Market
Table 12. Partnership/Collaboration/Agreements
Table 13. Mergers And Acquisitions
Table 14. New Product Development
Table 15. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of VTOL UAV Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of VTOL UAV
Fig. 5. Value Chain Analysis
Fig. 6. Porter’s Five Forces Analysis
Fig. 7. Global VTOL UAV Market By Types
Fig. 8. Global VTOL UAV Market By Application
Fig. 9. Global VTOL UAV Market By Size
Fig. 10. Global VTOL UAV Market By Payload
Fig. 11. Global VTOL UAV Market By Geography
Fig. 12. North America VTOL UAV Market
Fig. 13. Europe VTOL UAV Market
Fig. 14. Asia Pacific VTOL UAV Market
Fig. 15. Latin America VTOL UAV Market
Fig. 16. Middle East And Africa VTOL UAV Market
Fig. 17. Market Share Of VTOL UAV Companies
Fig. 18. Recent Developments In VTOL UAV Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.