Outlook of the global VTOL UAV market
Technavio’s market research analyst anticipates the global vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) market to grow at an impressive CAGR of around 11% by 2020. The high suitability of VTOL UAVs for urban applications is one of the key drivers for this market. Since VTOL UAVs can take-off and land without a runway, they are highly suitable for operations in urban areas. The VTOL UAV’s ease of operation in urban environments, especially when compared to other fixed-wing UAVs, will lead to its augmented adoption during the forecast period.
There is a growing demand for VTOL UAVs for civil and commercial applications. The ability of these UAVs to aid in surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, and real estate survey will result in market growth during the predicted period. Since VTOL UAVs have the ability to carry out various ISR and spy missions, they are increasingly being adopted by defense forces to assist the military in search and rescue operations.
Geographical segmentation of the VTOL UAV market
In terms of geography, the global VTOL UAV market is dominated by the Americas. In the Americas, the US is the major revenue contributor as most VTOL UAVs are used in the military and defense sectors. Additionally, the collaboration between DARPA and the manufacturers of UAV has led to the development of many VTOL UAV designs, which in turn fosters its adoption during the predicted period.
Competitive landscape and key vendors
The global VTOL UAV market is highly competitive as many prominent players compete to gain maximum market shares during the forecast period. However, in the military and defense sector, only a certain number of vendors dominate the market. Therefore, it can be concluded that the vendors that have the capability to acquire major military projects will thrive in this market until the end of 2020.
Leading vendors in the market are -
- AeroVironment
- Israel Aerospace
- Lockheed Martin
- Northrop Grumman
- SAAB
Other prominent vendors in the market include Aeronautics, Aeyron Labs, Aibotrix, American Dynamics, BAE Systems, DJI, and Prox Dynamics.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global VTOL UAV market?
- What are the key market trends impacting the growth of the global VTOL UAV market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global VTOL UAV market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global VTOL UAV market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Aerospace and defense supply chain system
PART 07: Aerospace and defense value chain system
PART 08: Market segmentation by application
- Global VTOL UAV market by application
- Global civil-commercial VTOL UAV market
- Global military-defense VTOL UAV market
PART 09: Geographical segmentation
- Global VTOL UAV market by geography
- VTOL UAV market in Americas
- VTOL UAV market in EMEA
- VTOL UAV market in APAC
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
- Competitive scenario
- List of vendors in global VTOL UAV market
- AeroVironment
- Israel Aerospace Industries (IAI)
- Lockheed Martin
- Northrop Grumman
- SAAB
- Key vendors' recent development
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape