Market Overview:
The global vertical take-off and landing (VTOL) UAV market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for unmanned aerial vehicles for commercial and military applications. Additionally, the increasing adoption of VTOL UAVs by various end-use industries is also contributing to the growth of this market. The electric segment is expected to dominate the global VTOL UAV market during the forecast period, owing to its low operating costs and easy maintenance. However, solar-powered VTOL UAVs are gaining popularity due their ability to fly for long durations without any need for recharging or refueling. The hybrid segment is also anticipated to witness significant growth during the forecast period, as it offers advantages such as longer flight time and lower noise levels as compared with other types of VTOL UAVs. In terms of application, commercial applications are expected account for a major share in terms revenue generated in this market during 2018–2030 owing high adoption rates across various sectors such as agriculture, media & entertainment, logistics & transportation etcetera . Military applications are also projected register healthy growth over next decade on account rising security concerns across globe coupled with increasing investments by governments towards development advanced Unmanned Aerial Systems (UAS).
Product Definition:
A Vertical Take-off and Landing (VTOL) Unmanned Aerial Vehicle (UAV) is an aircraft that can take off and land vertically, without a runway. This makes them ideal for use in areas where there is no conventional airstrip, such as dense cities or rugged terrain. VTOL UAVs are also useful for military applications, such as search and rescue or reconnaissance missions in difficult-to-reach places.
Electric:
Electric is the power source for UAVs. It can be internal or external to the vehicle. Internal electric sources are preferred over external as they help in gaining better control over the vehicle and do not require line of sight for operation.
The usage factor of electric in vertical take-off and landing (VTOL) UAV market is high, since it helps in providing improved flight efficiency by reducing energy consumption through mechanical means such as wings, propellers or jets.
Solar:
Solar is a renewable energy source that provides power for UAV operations. It helps in extending the range of UAVs by providing additional power to the batteries during critical mission-critical situations such as when the sun sets or it is cloudy and inclement weather. The use of solar energy in UAVs has several benefits including increased battery life, extended flight time, and improved efficiency which are expected to drive market growth over the forecast period.
Application Insights:
The commercial application segment dominated the global vertical take-off and landing UAV market in 2017, accounting for over 60.0% share of the total revenue. The use of drones for utility purposes such as power line inspection, infrastructure monitoring, forestry and agriculture applications is expected to drive the demand for VTO&L UAVs in commercial applications over the forecast period.
On the other hand, military application is projected to witness significant growth with a CAGR exceeding 11% from 2018 to 2030 owing to increasing adoption of Unmanned Aerial Vehicle (UAV) technology by countries such as China and India due to rising security concerns among population. Furthermore, presence of terrorist organizations operating from within foreign borders has led governments across Europe and North America adopt stringent measures pertaining towards safety & security which will further propel demand during upcoming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of key drone manufacturers, such as DJI, Yuneec International B.V., and Parrot International GmbH. The U.S.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives coupled with rising demand from various application sectors such as agriculture, inspection of construction sites for disaster management purposes, search & rescue (SAR), etc.
Growth Factors:
- Increasing demand for unmanned aerial vehicles for civilian and military applications
- Rising demand from emerging economies for vertical take-off and landing UAVs
- Technological advancements in vertical take-off and landing UAVs
- Growing popularity of drones for commercial applications
- Proliferation of drone racing as a sport
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Take-off and Landing UAV Market Research Report
By Type
Electric, Solar, Hybrid, Others
By Application
Commercial, Military, Others
By Companies
Northrop Grumman Corporation (U.S.), DJI Innovations (China), Lockheed Martin Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Schiebel Elektronische Gerate GmbH (Austria), AeroVironment, Saab Group (Sweden), Textron Inc. (U.S.), The Boeing Company (U.S.), Turkish Aerospace Industries Inc. (Turkey), Northrop Grumman Corporation (U.S.)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Take-off and Landing UAV Market Report Segments:
The global Vertical Take-off and Landing UAV market is segmented on the basis of:
Types
Electric, Solar, Hybrid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Military, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Northrop Grumman Corporation (U.S.)
- DJI Innovations (China)
- Lockheed Martin Corporation (U.S.)
- Israel Aerospace Industries Ltd. (Israel)
- Schiebel Elektronische Gerate GmbH (Austria)
- AeroVironment
- Saab Group (Sweden)
- Textron Inc. (U.S.)
- The Boeing Company (U.S.)
- Turkish Aerospace Industries Inc. (Turkey)
- Northrop Grumman Corporation (U.S.)
Highlights of The Vertical Take-off and Landing UAV Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric
- Solar
- Hybrid
- Others
- By Application:
- Commercial
- Military
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vertical Take-off and Landing UAV Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Vertical Take-off and Landing UAV is a type of unmanned aerial vehicle that uses vertical takeoff and landing to allow it to fly.
Some of the major players in the vertical take-off and landing uav market are Northrop Grumman Corporation (U.S.), DJI Innovations (China), Lockheed Martin Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Schiebel Elektronische Gerate GmbH (Austria), AeroVironment, Saab Group (Sweden), Textron Inc. (U.S.), The Boeing Company (U.S.), Turkish Aerospace Industries Inc. (Turkey), Northrop Grumman Corporation (U.S.).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Take-off and Landing UAV Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vertical Take-off and Landing UAV Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Take-off and Landing UAV Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vertical Take-off and Landing UAV Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vertical Take-off and Landing UAV Market Size & Forecast, 2018-2028
4.5.1 Vertical Take-off and Landing UAV Market Size and Y-o-Y Growth
4.5.2 Vertical Take-off and Landing UAV Market Absolute $ Opportunity
Chapter 5 Global Vertical Take-off and Landing UAV Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vertical Take-off and Landing UAV Market Size Forecast by Type
5.2.1 Electric
5.2.2 Solar
5.2.3 Hybrid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertical Take-off and Landing UAV Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vertical Take-off and Landing UAV Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Military
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Take-off and Landing UAV Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vertical Take-off and Landing UAV Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vertical Take-off and Landing UAV Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Take-off and Landing UAV Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vertical Take-off and Landing UAV Market Size Forecast by Type
9.6.1 Electric
9.6.2 Solar
9.6.3 Hybrid
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vertical Take-off and Landing UAV Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Military
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vertical Take-off and Landing UAV Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Take-off and Landing UAV Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vertical Take-off and Landing UAV Market Size Forecast by Type
10.6.1 Electric
10.6.2 Solar
10.6.3 Hybrid
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vertical Take-off and Landing UAV Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Military
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vertical Take-off and Landing UAV Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Take-off and Landing UAV Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vertical Take-off and Landing UAV Market Size Forecast by Type
11.6.1 Electric
11.6.2 Solar
11.6.3 Hybrid
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vertical Take-off and Landing UAV Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Military
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vertical Take-off and Landing UAV Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Take-off and Landing UAV Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vertical Take-off and Landing UAV Market Size Forecast by Type
12.6.1 Electric
12.6.2 Solar
12.6.3 Hybrid
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vertical Take-off and Landing UAV Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Military
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vertical Take-off and Landing UAV Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Take-off and Landing UAV Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vertical Take-off and Landing UAV Market Size Forecast by Type
13.6.1 Electric
13.6.2 Solar
13.6.3 Hybrid
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vertical Take-off and Landing UAV Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Military
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vertical Take-off and Landing UAV Market: Competitive Dashboard
14.2 Global Vertical Take-off and Landing UAV Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Northrop Grumman Corporation (U.S.)
14.3.2 DJI Innovations (China)
14.3.3 Lockheed Martin Corporation (U.S.)
14.3.4 Israel Aerospace Industries Ltd. (Israel)
14.3.5 Schiebel Elektronische Gerate GmbH (Austria)
14.3.6 AeroVironment
14.3.7 Saab Group (Sweden)
14.3.8 Textron Inc. (U.S.)
14.3.9 The Boeing Company (U.S.)
14.3.10 Turkish Aerospace Industries Inc. (Turkey)
14.3.11 Northrop Grumman Corporation (U.S.)
