Quick Summary:
Delve into the lucrative dynamics of the VTOL UAV market with our comprehensive market research report, providing an illuminating overview of a sector projected to exponentially grow from US$6.4 Billion in 2022 to a staggering US$27.5 Billion by 2030. From military to civil and commercial aspects, each segment's road to recovery and projected growth is meticulously outlined, presenting a truly panoramic picture of this rapidly evolving industry.
In this expansive global market analysis, significant players like AeroVironment, Inc., DJI, and Lockheed Martin Corporation are covered in depth. Add to this our special features including global competitiveness, key competitor market shares, market presence, and bespoke updates. With access to our digital archives and complimentary updates for a year, it's not just a report–it's a continuous resource. Stay ahead of the competition and align your strategy with the industry's trajectory with our insightful report.
Global VTOL UAV Market to Reach $27.5 Billion by 2030
The global market for VTOL UAV estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$27.5 Billion by 2030, growing at a CAGR of 19.9% over the analysis period 2022-2030. Military, one of the segments analyzed in the report, is projected to record 21.5% CAGR and reach US$16.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Civil & Commercial segment is readjusted to a revised 20.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 18.8% CAGR
The VTOL UAV market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR.Select Competitors (Total 47 Featured) -
- AeroVironment, Inc.
- DJI
- Israel Aerospace Industries (IAI)
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- SAAB AB
- Schiebel Elektronische Gerate GmbH
- Textron Inc.
- The Boeing Company
- Turkish Aerospace Industries, Inc. (TAI)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for VTOL UAV?
What is the growth rate of the Global Market for VTOL UAV?
What is the forecasted size of the Global Market for VTOL UAV?
Who are the key companies in the Global Market for VTOL UAV?
| Report Attribute | Details |
|---|---|
| No. of Pages | 247 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 6.4 Billion |
| Forecasted Market Value ( USD | $ 27.5 Billion |
| Compound Annual Growth Rate | 20.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- AeroVironment, Inc.
- DJI
- Israel Aerospace Industries (IAI)
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- SAAB AB
- Schiebel Elektronische Gerate GmbH
- Textron Inc.
- The Boeing Company
- Turkish Aerospace Industries, Inc. (TAI)
