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Fixed-Wing VTOL UAV Market By Vertical (Military, Government & Law Enforcement, and Commercial), By Range (Visual Line of Sight, Extended Visual Line of Sight, and Beyond Line of Sight), By MTOW (<25 Kilograms, 25-100 Kilograms and> 100 Kilograms), By Resistance (<5 Hours, 5-10 Hours and> 10 Hours), and By Region – Opportunities & Forecast, 2022 to 2027.

Published: March, 2023
ID: 10546
Pages: 175
Formats: report pdf report excel report power bi report ppt

Fixed-Wing VTOL UAV Market Size, Share, and Trends 2026:

Fixed-Wing Vtol Uav Market was estimated to be $ 699 million in 2021 and is determined to reach $ 2,588 million by 2026, progressing with a CAGR of 19.7% from 2022 - 2027.

Fixed-wing VTOL UAV refers to a fixed-wing vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) that is commonly referred to as drones and are capable of operating autonomously with any human pilot. A fixed-wing VTOL drone can hover, take off and land vertically like a helicopter using rotors. The vehicle is primarily designed for high aerodynamic performance and low take-off weight. Steps in aerodynamic design and wing size and static stability are accomplished by evaluating the location of the center of gravity relative to the neutral point.

Recent Developments:

• In 2020, Wingtra published about the introduction of its new payload, MicaSense Altum, which ca aid growth in agriculture and monitor areas of water stress. This payload provides high resolution thermal images (up to 54cm or 21 inches / px) and multispectral (up to 3.4 cm or 1.3 inches / px).

• In 2020, Larsen & Toubro (L&T) signed a pact with ideaForge to offer allied systems and drones for defense purposes. The two companies have integrated their forces to provide high-tech drone solutions to improve surveillance and security.

• In 2019, AVY announced the launch of a new model of long range EVTOL winged drone which would be a type of fixed wing VTOL UAV drone beyond line of sight.

Fixed-Wing VTOL UAV Market growth and trends:

The military vertical segment is expected to dominate the fixed-wing VTOL market in the future which can be attributed to the increasing adoption of these UAVs in this vertical. It is estimated that the <25 kilograms segment would occupy the largest share in 2019 as a large number of manufacturers are offering fixed-wing VTOL UAV products in this category, and several products required for commercial applications are included in this segment.The>10-hourresistance segment is expected to grow at the highest CAGR from 2021to 2030 because of the increasing demand for heavy-duty fixed-wing VTOL drones in military and commercial applications.

Fixed-Wing VTOL UAV Market Drivers and Restraints:

The surge in the adoption of fixed-wing VTOL drones by commercial and military end-users, along with the augmented need to counterattack terrorism is majorly promoting this market boom. The increasing adoption of unmanned and technologically advanced military aerial platforms by the defense forces is one of the most significant factors that are expected to drive the growth of the fixed-wing VTOL UAV market. The growing adoption of fixed-wing VTOL UAVs in various commercial applications such as surveillance, surveying and mapping, agriculture, aerial remote sensing, and product delivery, is also contributing to the market growth.However, the availability of substitutes is holding back market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

19.7% 

Segments Covered

On the basis of vertical, By range, On the basis of resistance

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

ALTI UAS (South Africa), UKRSPECSystems (Ukraine), Thread Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (United States), Textron (United States), Lockheed Martin (United States) and Latitude Engineering (USA).

 Fixed-Wing Vtol Uav Market segmentation:

On the basis of vertical, the global fixed-wing VTOL UAV market is segmented into military, government and police, and commercial. The military segment is expected to grow at a higher CAGR during the forecast period. This is primarily due to the increasing adoption of UAVs for various military operations such as intelligence, surveillance, reconnaissance, and electronic warfare. Defense drones help forces fight terrorism as they can identify any unusual movements at the border. Fixed-wing VTOL drones reduce collateral damage during identification, search, and hovering. All these factors supporting the expansion of the military segment in the global fixed-wing VTOL UAV business.

By range, the global market is separated as a visual line of sight fixed, an extended visual line of sight, and a beyond the line of sight.

According to MTOW, the market is segmented into <25 kilograms, 25-100 kilograms and> 100 kilograms. The <25-kilogram segment is expected to experience a faster CAGR during the forecast period. The high demand for products <25 kilograms in commercial applications, and the increasing number of manufacturers offering these products, are the two main factors accelerating the growth of the segment.

On the basis of resistance, the market is segmented into <5 hours, 5-10 hours, and> 10 hours. The>10-hour segment is expected to grow at a faster CAGR over the forecast period in the global fixed-wing VTOL UAV market. The main growth driver in this segment is the growing demand for heavy-duty fixed-wing VTOL drones.

Regional Analysis:

Depending on the region, North America is supposed to experience a faster CAGR during the outlook period. There has been an increase in demand for fixed-wing VTOL UAV products in various applications such as marine security, product delivery, agriculture, inspection and surveillance, fire suppression, fire management, catastrophes, etc., which is the main driver responsible for the growth of the market. The United States and Canada have increased spending in the defense sector and augmented the number of manufacturers of fixed-wing VTOL drones. All these factors are foreseen to be promoting the growth in the North American fixed-wing VTOL UAV market.

Key market players:

ALTI UAS (South Africa), UKRSPECSystems (Ukraine), Thread Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (United States), Textron (United States), Lockheed Martin (United States) and Latitude Engineering (USA), among others, are key players operating in the global fixed-wing VTOL UAV market.

ALTI UAS (South Africa) is a key player in this market that delivers various fixed-wing VTOL drone applications like security and surveillance, mapping and photography, and so on. Another key manufacturer of these UAVs is Arcturus UAV (USA). The company's strategy for long-term sustainable growth is to form joint ventures and partnerships.

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