Fixed-wing VTOL UAV Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2020 - 2030

 

Fixed-wing VTOL UAV: Introduction

• A fixed-wing VTOL (Vertical Take-off and Landing) UAV (Unmanned Aerial Vehicle) is a fixed wing drone that can take off, fly, and land vertically, as well as hover in place
• Since inception, fixed-wing drones have transformed the way experts map the world. However, they also had reliability and safety issues owing to their belly landings.
• Fixed-wing VTOL UAVs are in huge demand for military as well as commercial operations since they combine the cruising flight efficiency of fixed-wing aircraft with the appropriate vertical landing of multi-rotors

Rise in Demand for Military and Commercial Aerial Operations

• Fixed-wing VTOL UAV can independently and safely take off and land vertically with highly sensitive sensors on a small area, and thus they perform effectively in the most difficult terrain with minimal noise. It is therefore considered a viable option for combat operations and battle damage management in military applications. Fixed-wing VTOL UAV are expected to become one of the most important equipment in life-threatening military missions.
• Furthermore, fixed-wing VTOL UAVs are also in great demand for several commercial applications such as aerial imaging, agriculture, and environmental inspection and monitoring.
• However, restrictions imposed on commercial use of unmanned aerial vehicles can affect the fixed-wing VTOL UAV market in some countries, at least during the first half of the forecast period

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North America to Lead the Fixed-wing VTOL UAV Market

• In terms of region, the global fixed-wing VTOL UAV market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• North America commands the largest market share owing to high demand for fixed-wing VTOL UAVs for traffic monitoring, disaster management, and law enforcement operations and investigation purposes. They are also extensively used for commercial applications such as product delivery, surveying and mapping, and inspection and monitoring.
• Europe is the second largest fixed-wing VTOL UAV market due to increased utilization of VTOL UAVs in intelligence, surveillance, and reconnaissance (ISR) applications
• The fixed-wing VTOL UAV market in Asia Pacific and Middle East & Africa is expected to expand at a significant rate during the forecast period. On the other hand, the market in South America is estimated to grow at a steady pace during the forecast period.

Key Players Operating in the Global Fixed-wing VTOL UAV Market

The global fixed-wing VTOL UAV market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and customized specifications to meet the growing demand for fixed-wing VTOL UAV. Moreover, manufacturers are undertaking partnerships and joint ventures for development of innovative products.