The fixed-wing VTOL UAV market size has grown exponentially in recent years. It will grow from $1.18 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth observed during the historical period can be attributed to several factors, including the widespread adoption of fixed-wing VTOL UAVs in civil and commercial applications, the increasing diversity of their applications, the rising utilization of these UAVs for military purposes, the uptick in government investment, and the growing demand for safe and precise inspection and monitoring capabilities.
The fixed-wing VTOL UAV market size is expected to see exponential growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The projected growth in the forecast period can be attributed to several key factors, including the heightened adoption of fixed-wing VTOL UAVs for advanced patrolling of marine borders, the rapid pace of industrial development, growing demand for automation across various industries, increased foreign investments, and greater dissemination of technologies related to fixed-wing VTOL UAV platforms. Significant trends anticipated in the forecast period include ongoing technological advancements, continuous product innovations, expanded deployment for aerial remote sensing purposes, burgeoning applications of UAVs in the commercial sector, and an upsurge in research and development efforts aimed at pioneering new and advanced technologies.
The projected increase in military and defense applications is anticipated to drive the growth of the fixed-wing VTOL UAV market in the coming years. Military and defense operations encompass a wide range of strategies, organizations, technologies, and activities aimed at safeguarding a nation's sovereignty, interests, and populace from external threats. Fixed-wing VTOL (Vertical Takeoff and Landing) UAVs serve as integral assets in military and defense applications, facilitating reconnaissance, tactical maneuvers, border surveillance, and search and rescue missions. Their deployment enhances operational effectiveness and situational awareness owing to their versatility, adaptability, and operational efficiency. For instance, in 2021, the Stockholm International Peace Research Institute, a US-based international institute, reported a 4.2% increase in arms sales compared to 2020, reaching $123 billion in 2022. Additionally, according to the Peter G. Peterson Foundation, a US-based nonpartisan organization, US defense spending surged by $71 billion between 2021 and 2022. Hence, the escalating utilization of fixed-wing VTOL UAVs in military and defense contexts is propelling the expansion of the market.
Key players in the fixed-wing VTOL UAV market are directing their efforts towards developing advanced solutions equipped with highly reliable power systems and locking propeller designs to gain a competitive advantage. These sophisticated features enable efficient mission execution while preserving vertical takeoff and landing capabilities. For example, in June 2023, T-DRONES, a China-based manufacturer specializing in industrial UAVs, introduced the VA25, a cutting-edge fixed-wing VTOL UAV. The VA25 is tailored for industrial applications, boasting a lengthy endurance and remarkable specifications. With a wingspan of 2.5m, a takeoff weight of 13kg, and a flight duration of up to 210 minutes with a 1kg payload, this innovative drone is constructed from carbon fiber composite PVC, ensuring durability and performance. Notably, the VA25 is equipped with a highly reliable power system and a locking propeller design, significantly extending its flight endurance. The standard configuration includes the frame and T-MOTOR power system, underscoring T-DRONES' commitment to delivering state-of-the-art solutions tailored to meet evolving market demands.
In October 2022, Sierra Nevada Corporation, a leading US-based engineering and manufacturing firm, finalized the acquisition of Volansi Inc. for an undisclosed sum. This strategic acquisition is aimed at augmenting Sierra Nevada's portfolio and capabilities within the unmanned aerial vehicle (UAV) sector, with a specific emphasis on the vertical takeoff and landing (VTOL) drone segment. By integrating Volansi's assets and expertise, Sierra Nevada aims to fortify its existing UAV solutions, further solidifying its position as a provider of cutting-edge VTOL platforms and enhancing its presence in the UAV market. Volansi Inc., headquartered in the United States, specializes in manufacturing autonomous fixed-wing vertical takeoff and landing (VTOL) UAVs, making it a strategic fit for Sierra Nevada's expansion goals in the UAV industry.
Major companies operating in the fixed-wing VTOL uav market report are Lockheed Martin Corporation, Textron Inc., Avery Dennison Corporation (AVY), AeroVironment Inc., SZ DJI Technology Co. Ltd., ideaForge Technology Ltd., Quantum-Systems GmbH, Wingtra WingtraOne, Autel Robotics, Elroy Air Inc., ULC Robotics Inc., Bluebird Aero Systems Ltd., Arcturus UAV Inc., Latitude Engineering, ALTI Unmanned Aircraft Systems, Threod Systems, ZEROTECH Intelligence Technology Co., Ltd., Sunlight Aerospace, A-techSYN Ltd., Ukrspecsystems, Vertical Technologies Ltd., Carbonix, Hubblefly Technologies, Homeland Surveillance & Electronics LLC, Height Technologies.
North America was the largest region in the Fixed-wing VTOL UAV market in 2023. The regions covered in the fixed-wing VTOL uav market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fixed-wing VTOL uav market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Fixed-wing vertical takeoff and landing (VTOL) unmanned aerial vehicles (UAVs) are unmanned aircraft equipped with the ability to vertically take off and land, akin to helicopters or multirotor drones, while also featuring fixed wings for sustained forward flight. They find utility across various sectors, including inspection and monitoring, mapping and surveying, powerline inspection, and environmental monitoring.
The primary propulsion systems employed in fixed-wing VTOL UAVs include electric, hybrid, and gasoline. Electric propulsion involves the use of electric power to drive the aircraft's propulsion system, typically through electric motors or electrically driven propellers. These UAVs can be operated remotely piloted, optionally piloted, or fully autonomous, with varying ranges such as beyond line of sight, extended visual line of sight, and visual line of sight. They serve multiple applications spanning military, government, law enforcement, firefighting and disaster management, search and rescue, maritime security, and commercial endeavors.
The fixed-wing VTOL UAV market research report is one of a series of new reports that provides fixed-wing VTOL UAV market statistics, including fixed-wing VTOL UAV industry global market size, regional shares, competitors with a fixed-wing VTOL UAV market share, detailed fixed-wing VTOL UAV market segments, market trends and opportunities, and any further data you may need to thrive in the fixed-wing VTOL UAV industry. This fixed-wing VTOL UAV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fixed-wing VTOL UAV market consists of sales of tiltrotor VTOL UAVs, tail-sitter VTOL UAVs, quadplane VTOL UAVs, tail-sitter UAVs, and tiltrotor UAVs. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The fixed-wing VTOL UAV market size is expected to see exponential growth in the next few years. It will grow to $3.35 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The projected growth in the forecast period can be attributed to several key factors, including the heightened adoption of fixed-wing VTOL UAVs for advanced patrolling of marine borders, the rapid pace of industrial development, growing demand for automation across various industries, increased foreign investments, and greater dissemination of technologies related to fixed-wing VTOL UAV platforms. Significant trends anticipated in the forecast period include ongoing technological advancements, continuous product innovations, expanded deployment for aerial remote sensing purposes, burgeoning applications of UAVs in the commercial sector, and an upsurge in research and development efforts aimed at pioneering new and advanced technologies.
The projected increase in military and defense applications is anticipated to drive the growth of the fixed-wing VTOL UAV market in the coming years. Military and defense operations encompass a wide range of strategies, organizations, technologies, and activities aimed at safeguarding a nation's sovereignty, interests, and populace from external threats. Fixed-wing VTOL (Vertical Takeoff and Landing) UAVs serve as integral assets in military and defense applications, facilitating reconnaissance, tactical maneuvers, border surveillance, and search and rescue missions. Their deployment enhances operational effectiveness and situational awareness owing to their versatility, adaptability, and operational efficiency. For instance, in 2021, the Stockholm International Peace Research Institute, a US-based international institute, reported a 4.2% increase in arms sales compared to 2020, reaching $123 billion in 2022. Additionally, according to the Peter G. Peterson Foundation, a US-based nonpartisan organization, US defense spending surged by $71 billion between 2021 and 2022. Hence, the escalating utilization of fixed-wing VTOL UAVs in military and defense contexts is propelling the expansion of the market.
Key players in the fixed-wing VTOL UAV market are directing their efforts towards developing advanced solutions equipped with highly reliable power systems and locking propeller designs to gain a competitive advantage. These sophisticated features enable efficient mission execution while preserving vertical takeoff and landing capabilities. For example, in June 2023, T-DRONES, a China-based manufacturer specializing in industrial UAVs, introduced the VA25, a cutting-edge fixed-wing VTOL UAV. The VA25 is tailored for industrial applications, boasting a lengthy endurance and remarkable specifications. With a wingspan of 2.5m, a takeoff weight of 13kg, and a flight duration of up to 210 minutes with a 1kg payload, this innovative drone is constructed from carbon fiber composite PVC, ensuring durability and performance. Notably, the VA25 is equipped with a highly reliable power system and a locking propeller design, significantly extending its flight endurance. The standard configuration includes the frame and T-MOTOR power system, underscoring T-DRONES' commitment to delivering state-of-the-art solutions tailored to meet evolving market demands.
In October 2022, Sierra Nevada Corporation, a leading US-based engineering and manufacturing firm, finalized the acquisition of Volansi Inc. for an undisclosed sum. This strategic acquisition is aimed at augmenting Sierra Nevada's portfolio and capabilities within the unmanned aerial vehicle (UAV) sector, with a specific emphasis on the vertical takeoff and landing (VTOL) drone segment. By integrating Volansi's assets and expertise, Sierra Nevada aims to fortify its existing UAV solutions, further solidifying its position as a provider of cutting-edge VTOL platforms and enhancing its presence in the UAV market. Volansi Inc., headquartered in the United States, specializes in manufacturing autonomous fixed-wing vertical takeoff and landing (VTOL) UAVs, making it a strategic fit for Sierra Nevada's expansion goals in the UAV industry.
Major companies operating in the fixed-wing VTOL uav market report are Lockheed Martin Corporation, Textron Inc., Avery Dennison Corporation (AVY), AeroVironment Inc., SZ DJI Technology Co. Ltd., ideaForge Technology Ltd., Quantum-Systems GmbH, Wingtra WingtraOne, Autel Robotics, Elroy Air Inc., ULC Robotics Inc., Bluebird Aero Systems Ltd., Arcturus UAV Inc., Latitude Engineering, ALTI Unmanned Aircraft Systems, Threod Systems, ZEROTECH Intelligence Technology Co., Ltd., Sunlight Aerospace, A-techSYN Ltd., Ukrspecsystems, Vertical Technologies Ltd., Carbonix, Hubblefly Technologies, Homeland Surveillance & Electronics LLC, Height Technologies.
North America was the largest region in the Fixed-wing VTOL UAV market in 2023. The regions covered in the fixed-wing VTOL uav market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fixed-wing VTOL uav market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Fixed-wing vertical takeoff and landing (VTOL) unmanned aerial vehicles (UAVs) are unmanned aircraft equipped with the ability to vertically take off and land, akin to helicopters or multirotor drones, while also featuring fixed wings for sustained forward flight. They find utility across various sectors, including inspection and monitoring, mapping and surveying, powerline inspection, and environmental monitoring.
The primary propulsion systems employed in fixed-wing VTOL UAVs include electric, hybrid, and gasoline. Electric propulsion involves the use of electric power to drive the aircraft's propulsion system, typically through electric motors or electrically driven propellers. These UAVs can be operated remotely piloted, optionally piloted, or fully autonomous, with varying ranges such as beyond line of sight, extended visual line of sight, and visual line of sight. They serve multiple applications spanning military, government, law enforcement, firefighting and disaster management, search and rescue, maritime security, and commercial endeavors.
The fixed-wing VTOL UAV market research report is one of a series of new reports that provides fixed-wing VTOL UAV market statistics, including fixed-wing VTOL UAV industry global market size, regional shares, competitors with a fixed-wing VTOL UAV market share, detailed fixed-wing VTOL UAV market segments, market trends and opportunities, and any further data you may need to thrive in the fixed-wing VTOL UAV industry. This fixed-wing VTOL UAV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fixed-wing VTOL UAV market consists of sales of tiltrotor VTOL UAVs, tail-sitter VTOL UAVs, quadplane VTOL UAVs, tail-sitter UAVs, and tiltrotor UAVs. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Fixed-Wing VTOL UAV Market Characteristics3. Fixed-Wing VTOL UAV Market Trends And Strategies32. Global Fixed-Wing VTOL UAV Market Competitive Benchmarking33. Global Fixed-Wing VTOL UAV Market Competitive Dashboard34. Key Mergers And Acquisitions In The Fixed-Wing VTOL UAV Market
4. Fixed-Wing VTOL UAV Market - Macro Economic Scenario
5. Global Fixed-Wing VTOL UAV Market Size and Growth
6. Fixed-Wing VTOL UAV Market Segmentation
7. Fixed-Wing VTOL UAV Market Regional And Country Analysis
8. Asia-Pacific Fixed-Wing VTOL UAV Market
9. China Fixed-Wing VTOL UAV Market
10. India Fixed-Wing VTOL UAV Market
11. Japan Fixed-Wing VTOL UAV Market
12. Australia Fixed-Wing VTOL UAV Market
13. Indonesia Fixed-Wing VTOL UAV Market
14. South Korea Fixed-Wing VTOL UAV Market
15. Western Europe Fixed-Wing VTOL UAV Market
16. UK Fixed-Wing VTOL UAV Market
17. Germany Fixed-Wing VTOL UAV Market
18. France Fixed-Wing VTOL UAV Market
19. Italy Fixed-Wing VTOL UAV Market
20. Spain Fixed-Wing VTOL UAV Market
21. Eastern Europe Fixed-Wing VTOL UAV Market
22. Russia Fixed-Wing VTOL UAV Market
23. North America Fixed-Wing VTOL UAV Market
24. USA Fixed-Wing VTOL UAV Market
25. Canada Fixed-Wing VTOL UAV Market
26. South America Fixed-Wing VTOL UAV Market
27. Brazil Fixed-Wing VTOL UAV Market
28. Middle East Fixed-Wing VTOL UAV Market
29. Africa Fixed-Wing VTOL UAV Market
30. Fixed-Wing VTOL UAV Market Competitive Landscape And Company Profiles
31. Fixed-Wing VTOL UAV Market Other Major And Innovative Companies
35. Fixed-Wing VTOL UAV Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Fixed-wing VTOL UAV Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on fixed-wing VTOL UAV market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for fixed-wing VTOL UAV ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fixed-wing VTOL UAV market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Propulsion: Electric; Hybrid; Gasoline2) By Mode Of Operation: Remotely Piloted; Optionally Piloted; Fully Autonomous
3) By Range: Beyond Line Of Sight; Extended Visual Line Of Sight; Visual Line Of Sight
4) By Application: Military; Government; Law Enforcement; Firefighting And Disaster Management; Search And Rescue; Maritime Security; Commercial.
Key Companies Mentioned: Lockheed Martin Corporation; Textron Inc.; Avery Dennison Corporation (AVY); AeroVironment Inc.; SZ DJI Technology Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lockheed Martin Corporation
- Textron Inc.
- Avery Dennison Corporation (AVY)
- AeroVironment Inc.
- SZ DJI Technology Co. Ltd.
- ideaForge Technology Ltd.
- Quantum-Systems GmbH
- Wingtra WingtraOne
- Autel Robotics
- Elroy Air Inc.
- ULC Robotics Inc.
- Bluebird Aero Systems Ltd.
- Arcturus UAV Inc.
- Latitude Engineering
- ALTI Unmanned Aircraft Systems
- Threod Systems
- ZEROTECH Intelligence Technology Co., Ltd.
- Sunlight Aerospace
- A-techSYN Ltd.
- Ukrspecsystems
- Vertical Technologies Ltd.
- Carbonix
- Hubblefly Technologies
- Homeland Surveillance & Electronics LLC
- Height Technologies
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.46 Billion |
| Forecasted Market Value ( USD | $ 3.35 Billion |
| Compound Annual Growth Rate | 23.1% |
