Market Overview

Global VTOL UAV Market Technologies, Share and Forecast to 2024: A CAGR of 19.5% is Projected -


The "Global
VTOL UAV Market -Technologies, Market Share and Industry Forecast to
report has been added to's

The global VTOL UAV market is expected to rise with the CAGR of about
19.5% during forecast period 2017-2024.

Increasing terrorist attacks as well as increasing military and defense
spending across various regions of the globe contributes to the growth
of global VTOL UAV market during forecast period.

However, strict airspace regulations and less velocities and altitude,
limited set of applications with dedicated payloads are some of the
major factors restraining the growth of global VTOL UAV market during
forecast period.

Geographically, global VTOL UAV market report has been segmented in
North America, Asia Pacific, Europe and Rest of World. North America
held the largest market revenue share for VTOL UAV market in 2017 and is
expected to dominate the market during forecast period.

Technological advancements in VTOL UAV coupled with high demand of VTOL
drones from military and defense sector contributes to the largest
market revenue share of North America VTOL UAV market during the
forecast period.

However, Asia Pacific is expected to be the fastest growing region in
VTOL UAV market during forecast period due to its increasing demand from
military and commercial applications.

The growth in global VTOL UAV market is also influenced by presence of
major players such as DJI Innovations (China), Lockheed Martin
Corporation (U.S.), Northrop Grumman Corporation (U.S.), The Boeing
Company (U.S.), Saab AB (Sweden), etc.

To gain competitive advantage, the major players of global VTOL UAV
market are adopting various strategies such as mergers & acquisitions,
product launch, strategic partnership, collaboration, joint ventures,
investment, strategic expansion, funding etc. during forecast period.

The applications of VTOL UAV include military, civil & commercial and
homeland security. Type of VTOL UAV includes multicopter VTOL UAV,
helicopter VTOL UAV and hybrid VTOL UAV. Size of VTOL UAV are divided as
large sized VTOL UAV, small sized VTOL UAV, medium sized VTOL UAV and
micro sized VTOL UAV.

Payloads included in VTOL UAV are ISR, cameras, telemetry, sensors and
autopilot. Military application accounted for the largest market revenue
share in 2016 and is expected to dominate the market during the forecast
period. Its dominance is majorly witnessed due to high demand of VTOL
UAVs from military and defense sector.

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

  • 3D Robotics Inc. (U.S.)
  • Aerovironment Inc. (U.S.)
  • Aeryon Labs Inc. (Canada)
  • Alpha Unmanned Systems (Spain)
  • DJI Innovations (China)
  • Israel Aerospace Industries Ltd. (Israel)
  • Lockheed Martin Corporation (U.S.)
  • Microdrones GmbH (Germany)
  • Northrop Grumman Corporation (U.S.)
  • Saab AB (Sweden)
  • Schiebel Elektronische Gerate GmbH (Austria)
  • Textron Inc. (U.S.)
  • The Boeing Company (U.S.)
  • Turkish Aerospace Industries Inc. (Turkey)
  • Xaircraft Technology Co. Ltd. (China)

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