The global Fixed-Wing Vtol Uav Market is predicted to expand USD 1.19 billion in 2024 and is determined to reach USD 2.91 billion by 2029, progressing with a CAGR of 19.7% during the forecast period.
Fixed-wing VTOL UAV refers to a fixed-wing vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) that is commonly referred to as drones and are capable of operating autonomously with any human pilot. A fixed-wing VTOL drone can hover, take off and land vertically like a helicopter using rotors. The vehicle is primarily designed for high aerodynamic performance and low take-off weight. Steps in aerodynamic design and wing size and static stability are accomplished by evaluating the location of the center of gravity relative to the neutral point.
The military vertical segment is expected to dominate the fixed-wing VTOL market in the future which can be attributed to the increasing adoption of these UAVs in this vertical. It is estimated that the <25 kilograms segment would occupy the largest share in 2019 as a large number of manufacturers are offering fixed-wing VTOL UAV products in this category, and several products required for commercial applications are included in this segment.The>10-hourresistance segment is expected to grow at the highest CAGR from 2021to 2030 because of the increasing demand for heavy-duty fixed-wing VTOL drones in military and commercial applications.
The increasing adoption of unmanned and technologically advanced military aerial platforms by the defense forces is one of the most significant factors that are expected to drive the growth of the fixed-wing VTOL UAV market. The growing adoption of fixed-wing VTOL UAVs in various commercial applications such as surveillance, surveying and mapping, agriculture, aerial remote sensing, and product delivery, is also contributing to the market growth.However, the availability of substitutes is holding back market growth.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
19.7% |
|
Segments Covered |
By Vertical, Range, MTOW, Resistance, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
ALTI UAS (South Africa), UKRSPECSystems (Ukraine), Thread Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (United States), Textron (United States), Lockheed Martin (United States) and Latitude Engineering (USA). |
On the basis of vertical, the global fixed-wing VTOL UAV market is segmented into military, government and police, and commercial. The military segment is expected to grow at a higher CAGR during the forecast period. This is primarily due to the increasing adoption of UAVs for various military operations such as intelligence, surveillance, reconnaissance, and electronic warfare. Defense drones help forces fight terrorism as they can identify any unusual movements at the border. Fixed-wing VTOL drones reduce collateral damage during identification, search, and hovering. All these factors supporting the expansion of the military segment in the global fixed-wing VTOL UAV business.
By range, the global market is separated as a visual line of sight fixed, an extended visual line of sight, and a beyond the line of sight.
According to MTOW, the market is segmented into <25 kilograms, 25-100 kilograms and> 100 kilograms. The <25-kilogram segment is expected to experience a faster CAGR during the forecast period. The high demand for products <25 kilograms in commercial applications, and the increasing number of manufacturers offering these products, are the two main factors accelerating the growth of the segment.
On the basis of resistance, the market is segmented into <5 hours, 5-10 hours, and> 10 hours. The>10-hour segment is expected to grow at a faster CAGR over the forecast period in the global fixed-wing VTOL UAV market. The main growth driver in this segment is the growing demand for heavy-duty fixed-wing VTOL drones.
Depending on the region, North America is supposed to experience a faster CAGR during the outlook period. There has been an increase in demand for fixed-wing VTOL UAV products in various applications such as marine security, product delivery, agriculture, inspection and surveillance, fire suppression, fire management, catastrophes, etc., which is the main driver responsible for the growth of the market. The United States and Canada have increased spending in the defense sector and augmented the number of manufacturers of fixed-wing VTOL drones. All these factors are foreseen to be promoting the growth in the North American fixed-wing VTOL UAV market.
ALTI UAS (South Africa), UKRSPECSystems (Ukraine), Thread Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (United States), Textron (United States), Lockheed Martin (United States) and Latitude Engineering (USA), among others, are key players operating in the global fixed-wing VTOL UAV market.
ALTI UAS (South Africa) is a key player in this market that delivers various fixed-wing VTOL drone applications like security and surveillance, mapping and photography, and so on. Another key manufacturer of these UAVs is Arcturus UAV (USA). The company's strategy for long-term sustainable growth is to form joint ventures and partnerships.
In 2020, Wingtra published about the introduction of its new payload, MicaSense Altum, which ca aid growth in agriculture and monitor areas of water stress. This payload provides high resolution thermal images (up to 54cm or 21 inches / px) and multispectral (up to 3.4 cm or 1.3 inches / px).
In 2020, Larsen & Toubro (L&T) signed a pact with ideaForge to offer allied systems and drones for defense purposes. The two companies have integrated their forces to provide high-tech drone solutions to improve surveillance and security.
In 2019, AVY announced the launch of a new model of long range EVTOL winged drone which would be a type of fixed wing VTOL UAV drone beyond line of sight.
By Vertical
By Range
By MTOW
By Resistance
By Region
Frequently Asked Questions
Fixed-wing VTOL UAVs are primarily used in military and defense for surveillance, reconnaissance, and combat missions. In the commercial sector, they are employed in agriculture, environmental monitoring, infrastructure inspection, and delivery services due to their ability to cover large areas and carry significant payloads.
Key technological advancements include improvements in battery life, autonomous flight capabilities, AI-driven navigation systems, and the integration of advanced sensors and communication systems. These advancements enhance the performance, reliability, and operational range of fixed-wing VTOL UAVs.
The military sector is a significant driver of growth for the fixed-wing VTOL UAV market. Increased defense budgets, the need for advanced surveillance and reconnaissance capabilities, and the growing adoption of UAVs for combat and support missions are propelling market expansion. Militaries worldwide are investing in fixed-wing VTOL UAVs to enhance their operational efficiency and capabilities.
Emerging trends include the development of hybrid propulsion systems, advancements in AI and machine learning for autonomous operations, the integration of advanced communication technologies like 5G, and the increasing use of UAVs in humanitarian and disaster relief operations. These trends are expected to shape the future landscape of the fixed-wing VTOL UAV market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region