Fixed-wing VTOL UAV Market by Vertical (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Fixed-Wing VTOL UAV Market is projected to reach a CAGR of 18.4% from 2021 to 2028.
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Fixed-wing VTOL UAV refers to the fixed-wing vertical take-off and landing (VTOL) unmanned air vehicle (UAV). They are commonly known as drone and are capable of being operated autonomously with any human pilot. A fixed-wing VTOL UAV can hover, take-off, and land vertically like a helicopter with help of rotors. The vehicle is primarily designed for high aerodynamic performance and low take-off weight. Aerodynamics design steps and sizing of both wing and static stability is fulfilled by evaluating the centre of gravity location with respect to the neutral point
The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, product delivery and rise in the adoption of technologically advanced runway less unmanned aerial military platforms by defence forces are some of the factors that have supported long-term expansion for Fixed-wing VTOL UAV Market.
Regional Analysis
North America is estimated to be the largest market for fixed-wing VTOL UAVs in 2019, followed by Asia Pacific and Europe. This is attributed to the high demand for fixed-wing VTOL UAVs from the US, for applications such as firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.
Recent Developments
In 2020, Wingtra announced the release of its new payload – MicaSense Altum, which is useful for agricultural and closely monitoring water stress areas. This payload provides a high-resolution thermal (down to 54 cm or 21 in/px) and multispectral (down to 3.4 cm or 1.3 in/px) imagery.
In 2020, Larsen & Toubro (L&T) signed a pact with ideaForge to offer allied systems and drones for defense use. Both companies integrated their strengths to provide Hi-tech drone solutions to improve surveillance and security.
Top Key Players of Fixed-wing VTOL UAV Market
· Alti UAS
· Arcturus UAV, Inc.
· Bluebird Aero Systems LTD
· Elroy Air Inc.
· Lockheed Martin Corporation
· Quantum-Systems GmbH
· Textron Inc.
· Ukrspecsystems
· ULC Robotics Inc.
· Vertical Technologies Ltd. and More
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The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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