Market Overview:

The global market for fixed-wing VTOL UAV is expected to reach $ 2002.83 million by 2026, with a CAGR of 21.7% between 2018 and 2026.

An unmanned aerial vehicle (UAV) is an aerial vehicle capable of operating autonomously without a human pilot. A fixed-wing VTOL (Vertical Take-off and Landing) UAV can take off, park and land vertically like a helicopter, using rotors.

Market Drivers and Restraints:

The high adoption of fixed-wing VTOL drones by commercial and military end-users and the increasing use of fixed-wing VTOL drones to combat terrorism is driving market growth. However, the availability of substitutes is holding back the industry growth.

Impact of COVID-19:

Unmanned aerial vehicle manufacturers around the world are struggling to meet production deadlines as the coronavirus continues to affect China's electronic component manufacturing industries. A growing number of component suppliers around the world are also experiencing slowdowns or shutdowns in response to COVID-19, which is affecting the availability of sub-components in a snowball effect. Also, according to the press release from DJI (the world's largest drone manufacturer), it is working to limit the impact on customers, but says shortages may arise. Additionally, supply chain disruptions caused by coronavirus have slowed UAV shipments to major markets around the world.

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Report is segmented as:

Fixed-wing VTOL UAV market, by Vertical

Military, By Application
Intelligence, Surveillance, and Reconnaissance (ISR)
Combat Operations
Battle Damage Management
Commercial, By Application
Inspection & Monitoring
Remote Sensing
Surveying & Mapping
Product Delivery
Agriculture
Aerial Imaging
Others
The military vertical segment is foreseen to rule the demand in the fixed-wing VTOL market in the coming years, owing to the rising adoption of these drones around the world.

Government & Law Enforcement, By Application

Border Management
Traffic Monitoring
Firefighting & Disaster Management
Search & Rescue
Police Operations & Investigations
Maritime Security
Fixed-wing VTOL UAV market, by Mode of Operation

Remotely Piloted, By Vertical
Optionally Piloted, By Vertical
Fully Autonomous, By Vertical
Fixed-wing VTOL UAV market, by Range

Visual Line of Sight (VLOS), By Vertical
Extended Visual Line of Sight (EVLOS), By Vertical
Beyond Line of Sight (BLOS), By Vertical
Fixed-wing VTOL UAV market, by MTOW

170 Kilograms, By Vertical
Based on the Maximum Takeoff Weight, the 10-hour segment is expected to grow at the highest CAGR from 2020 to 2030. This growth can be attributed to the increasing demand for heavy duty fixed wing VTOL drones in military and commercial applications.

Geographical segmentation:

Based on geography, the global fixed wing VTOL UAV market is segregated into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, North America is estimated to be the largest fixed-wing VTOL drone market in 2019, followed by Asia-Pacific and Europe.

Key market players:
The key vendors mentioned are Zerotech, Vertical Technologies, ULC Robotics, UKRSPEC Systems, Threod Systems, Textron Inc., Sunbirds, Quantum-Systems GmbH, Lockheed Martin Corporation, Latitude Engineering, Ideaforge, Height Technologies, Elroy Air, Carbonix, Bluebird Aero Systems Ltd., AVY, Autel Robotics, A-Techsyn, Arcturus UAV Inc. and ALTI UAS.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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