VTOL UAV Market is Projected to Expand at a 19.2% CAGR from 2019-2026

VTOL UAV Market is Projected to Expand at a 19.2% CAGR from 2019-2026

Ÿ Base Year: 2018

Ÿ Estimated Year: 2019

Ÿ Forecast Period: 2019 to 2026

The global VTOL UAV market is estimated to be USD 2,726 million in 2019 and is expected to reach USD 9,221 million by 2026, with a CAGR of 19.02% during the forecast period.

An unmanned aerial vehicle (UAV), commonly known as a drone, as an unmanned aircraft system (UAS), or by several other names, is an aircraft without a human pilot aboard. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator, or fully or intermittently autonomously, by onboard computers. Compared to manned aircraft, UAVs are often preferred for missions that are too “dull, dirty or dangerous” for humans.

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Key Players:

Key players in the VTOL UAV market include DJI, PARROT, 3D Robotics, AscTec, Yamaha, XAIRCRAFT, ZERO TECH, Ehang, IAI, CybAero, Alpha Unmanned Systems, Microdrones, Ewatt, Hanhe, GoPro, LONCIN MOTOR, etc.

Market Driver and Restraint

The global VTOL UAV market is projected to witness a high growth in the years to come. The rising demand of VTOL UAVs in civil & commercial sector coupled with the technological innovation are propelling the growth of the VTOL UAV market. Additionally, the growing demand for 3D mapping, oil & gas pipeline inspection, recreational activities, safety, and surveillance is further adding impetus growth to the market.

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Forecast by Geography

In 2018, the global VTOL UAV market was mainly concentrated in the three regions of Asia-Pacific, North America and Europe, with the market share of 16.98%, 40.29% and 38.05% respectively, accounting for a total of 95.32%.

North America is expected to grow at a higher CAGR over the forecast period on account of concentration of major drone manufacturers and increasing applications in the commercial sectors in the region. The VTOL UAV market in the countries, such as Japan and India of the Asia-Pacific region, is projected to grow at a faster pace from 2019 to 2026. The VTOL UAV market in these countries is expected grow for military and commercial applications in the upcoming years.

Type Segment Analysis

Important types of the product covered in this report include Multicopter, Helicopter, Hybrid, and Other.

Application Segment Analysis

VTOL UAV is widely used in Civil & Commercial, Homeland Security, Military, and Other.

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Target Audience:

• VTOL UAV manufacturers

• Component suppliers

•Small and Medium-sized Enterprises (SMEs)

• Distributors and resellers of VTOL UAV

• VTOL UAV industry associations

• Product managers, VTOL UAV industry administrator, C-level executives of the industries

• Market Research and consulting firms

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