Global Vertical Take-Off and Landing UAV Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Vertical take-off and landing UAV Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global vertical take-off and landing UAV market report has been segmented on the basis of type, size, payloads, application, and region.
Global Vertical Take-Off and Landing UAV Market: Overview
Vertical take-off and landing UAV or VTOV UAV is a type of unmanned aerial vehicle that can take off, hover, and land vertically. It is a remotely operated vehicle, which is used for military and commercial applications.
Global Vertical Take-Off and Landing UAV Market: Dynamics
Increasing use of VTOL UAV in various sectors such as oil & gas, telecommunication, construction, aviation, etc. is a key factor fueling growth of the global vertical take-off and landing UAV market. In addition, rising demand for technologically advanced vertical take-off and landing unmanned aerial vehicle that can carry heavy payload is another factor driving growth of the global market. Moreover, growing adoption of the unmanned aerial vehicle for intelligence, surveillance, and reconnaissance applications for defense and law enforcement applications is a factor expected to support growth of the global vertical take-off and landing UAV market in the near future.
However, stringent regulation regarding the use of vertical take-off and landing UAV for commercial applications in various countries is a factor that may hamper growth of the global market. Nevertheless, the use of vertical take-off and landing UAV for delivery and logistics can create high revenue opportunities for players in the target market.
Global Vertical Take-Off and Landing UAV Market: Segment Analysis
Among the type segment, the multi-copter segment is expected to register lucrative in terms of revenue in the near future. Multi-copter also is known as multirotor is controlled by speeding and slowing down thrusting motor or propeller units in a downward direction. It is a rotorcraft with more than two rotors. Octocopter, hexacopter, quadcopter, tri-copter are types of the multi-copter differentiated on the basis of a number of rotors used in the multi-copter.
Among the application segment, the military segment dominates the global market in terms of revenue and is expected to register high growth over the forecast period. Increasing adoption of unmanned aerial vehicles for military applications and growing defense budget of emerging economies are factors supporting growth of this segment in the global vertical take-off and landing UAV market.
Global Vertical Take-Off and Landing UAV Market: Regional Analysis
Currently, the market in North America accounts for major share in terms of revenue and is expected to maintain its dominance in the near future. High adoption of advanced technology and increasing research and development activities on vertical take-off and landing UAV for security surveillance purposes are factors driving growth of the target market in this region.
The market in Asia Pacific is expected to register high growth and account for second-highest share in terms of revenue in the near future. Increasing adoption of vertical take-off and landing vehicles for civil and military application is a factor expected to propel growth of the target market in countries in this region. The market in Europe is anticipated to register lucrative growth in terms of revenue, followed by Latin America, and Middle East & Africa.
Global Vertical Take-Off and Landing UAV Market Segmentation:
Segmentation by Type:
Segmentation by Size:
Segmentation by Payloads:
- Intelligence, Surveillance, and Reconnaissance (ISR)
Segmentation by Application:
- Civil & Commercial
- Homeland Security
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Z DJI Technology Co., Ltd.
- Northrop Grumman Corporation
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- AeroVironment, Inc.
- Schiebel Elektronische Geraete GmbH
- Textron Inc.
- Saab AB
- Turkish Aerospace Industries Inc.
- The Boeing Company
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