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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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)
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | April 2024 |
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 |