Press release
Vertical Take-Off And Landing (VTOL) UAV Market Size to Reach $17.05 Billion by 2029 | Growth at 16.7% CAGR Forecast
Vertical Take-Off And Landing (VTOL) UAV
What is the Projected Market Size of the Vertical Take-Off And Landing (VTOL) UAV Industry?
The market size of the vertical take-off and landing (vtol) uav has witnessed swift expansion in the past few years. Projected to rise from $7.87 billion in 2024 to $9.18 billion in 2025, it showcases a compound annual growth rate (CAGR) of 16.6%. Factors such as environmental monitoring, disaster management and relief operations, military requirements, and worldwide security issues have been instrumental in driving this growth during the historical period.
What Will Be the Size of the Vertical Take-Off And Landing (VTOL) UAV Market by 2029?
The market for vertical take-off and landing (vtol) unmanned aerial vehicles (uav) is projected to undergo swift expansion in the coming years. The market is predicted to escalate to a valuation of $17.05 billion in 2029, showing a compound annual growth rate (CAGR) of 16.7%. Factors propelling this growth during the projected period include the inspection of energy infrastructure, autonomy, artificial intelligence, electric propulsion, and the commercial application of new advancements. Substantial technological progression, dominance of electric propulsion, the integration of artificial intelligence as well as sustainability and green campaigns are major trends expected to shape this period.
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What Are the Key Drivers Accelerating Growth in the Vertical Take-Off And Landing (VTOL) UAV Market?
Increasing uses in military and civilian contexts are expected to fuel the expansion of the vertical take-off and landing (VTOL) UAV market. Military and civilian uses encompass various scenarios where technologies, products, or services are deployed by either military bodies or civilian entities such as individuals, governments, or corporations. Structures such as bridges, power lines, and pipelines are routinely inspected using VTOL UAVs in these contexts. Vertical take-off and landing (VTOL) unmanned aerial vehicles (UAVs) find wide-ranging uses in both military and civilian applications, especially in intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) operations due to their versatility, operational agility, and maneuverability. For example, the Peter G. Peterson Foundation, a nonpartisan organization based in the US, reported in April 2023 that between 2021 and 2022, US defense spending rose by $71 billion. Therefore, the expanding military and civilian uses are catalyzing the growth of the vertical take-off and landing (VTOL) UAV market.
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How Is the Vertical Take-Off And Landing (VTOL) UAV Market Segmented by Type, Application, and Region?
The vertical take-off and landing (vtol) uav market covered in this report is segmented -
1) By Type: Helicopter, Multicopter, Hybrid
2) By Size: Large, Medium, Small, Micro
3) By Payloads: Intelligence Surveillance Reconnaissance (ISR), Cameras, Telemetry, Sensors, Autopilot
4) By Application: Military, Home And Security, Civil And Commercial
Subsegments:
1) By Helicopter: Single-Rotor Helicopters, Multi-Rotor Helicopters
2) By Multicopter: Quadcopters, Hexacopters, Octocopters
3) By Hybrid: Fixed-Wing Hybrid VTOL, Rotorcraft Hybrid VTOL
What Are the Key Trends Driving Growth in the Vertical Take-Off And Landing (VTOL) UAV Market?
Leading companies in the vertical take-off and landing (VTOL) UAV market are consolidating their efforts to develop evolved solutions with dependable power systems and innovative propeller lock mechanisms, aiming to garner a unique position in the market. Such solutions enable efficient operations while abiding by the vertical lift-off and landing specifications. For example, in June 2023, T-DRONES, an industrial UAV manufacturer based in China, introduced VA25, a novel fixed-wing VTOL UAV. The groundbreaking VA25 is a robust, long-duration fixed-wing VTOL drone, developed primarily for industrial applications. With a wingspan of 2.5m, a lift-off weight of 13kg, and a flight duration extending up to 210 minutes for a 1kg payload, it stands apart. The drone's framework is composed of a carbon fiber composite PVC material and boasts a dependable power mechanism and a propeller lock design, resulting in significantly extended flight durations. The standard procurement of this drone comes with this frame and the T-MOTOR power system.
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Who Are the Leading Companies Driving Growth in the Vertical Take-Off And Landing (VTOL) UAV Market?
Major companies operating in the vertical take-off and landing (VTOL) UAV market are Boeing Co., Airbus SE, Honeywell International Inc., Thales Group, Bell Textron Inc., Textron Systems, SZ DJI Technology Co. Ltd., Yuneec International Inc., AeroVironment Inc., Joby Aviation Inc., Lilium GmbH, Volocopter GmbH, Aurora Flight Sciences, Vertical Aerospace, Quantum Systems GmbH, Wingcopter GmbH, Elroy Air Inc., SkyDrive Inc., Terrafugia Inc., 3D Robotics Inc., Urban Aeronautics, Kitty Hawk Corporation, ALTI UAS, EHang Holding, Zero Zero Robotics Inc.
Which Is the Leading Region in the Global Vertical Take-Off And Landing (VTOL) UAV Market?
North America was the largest region in the vertical take-off and landing (VTOL) UAV market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical take-off and landing (VTOL) UAV market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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