Global VTOL UAV Market 2016-2020

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

• Americas
• APAC
• EMEA

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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