Fixed-Wing VTOL UAV Market Report 2022 SWOT Analysis, Key Indicators, Forecast 2030

In the projection years of 2021 to 2028, fixed-wing VTOL UAV market growth is anticipated to reach a rate of 19.6%. The fixed-wing VTOL UAV market study from Data Bridge Market Research offers analysis and insights into the numerous elements that are anticipated to be present over the course of the forecast period as well as their effects on market growth. The fixed-wing VTOL UAV market is expanding at an accelerated rate due to the global expansion of the automobile industry.

The fixed-wing VTOL UAV Market is valued at USD 842 million in 2022 and is projected to reach a value of USD 4627 million in 2030 expanding at a CAGR of 23.7% over the forecast period of 2022-2030.

One of the key factors propelling the growth of the fixed-wing VTOL UAV market is the rise in the utilisation of these aircraft for military purposes. The popularity of fixed-wing VTOL UAVs in military applications and the expansion of fixed-wing VTOL UAV deployment for aerial remote sensing both speed up market expansion. The industry is also influenced by the growing employment of fixed-wing VTOL UAVs in dangerous military missions and in high-tech border patrols of the marine environment. Additionally, the market for fixed-wing VTOL UAVs is positively impacted by the expansion of the heavy engineering sector, the usage of these aircraft in life-saving military missions, rising urbanisation, and the adoption of contemporary military tactics.

A fixed-wing VTOL (Vertical Take-off and Landing) UAV (Unmanned Aerial Vehicle) is a drone that can hover in position, take off vertically, fly horizontally, and land vertically. These drones have incredibly sensitive sensors that allow them to autonomously and safely take off and land vertically on a tiny area. They have a reputation for working efficiently and quietly in even the most challenging terrain.

Due to its aerodynamic design, fixed-wing VTOL aircraft can do vertical takeoff and landing in addition to having a better endurance and speed. These aircraft transition into horizontal flight after the vertical takeoff to reach the required speed and altitude. As they are not reliant on any runway infrastructure, fixed-wing VTOL aircraft are more advantageous than the other conventional aircraft. The military is a significant end-user of fixed-wing VTOL aircraft because it gives them the flexibility to transport their troops wherever they are needed. For greater endurance and speed, unmanned aerial vehicle manufacturers are also utilising hybrid technology. These hybrid UAVs can be used in the military, commercial, and law enforcement sectors of many different businesses.

Restraints:

Fixed-wing VTOL UAV operators must ensure the dependability of the entire unmanned aerial system, including the UAVs, ground control stations, and communication equipment. This is different from conventional aircraft operators. These unmanned aerial vehicles (UAVs) can fly at different heights, but in order to control and operate them, pilots are needed. They can also be remotely piloted by trained persons. Few pilots are available to perform such precise tasks. The demand for professional fixed-wing VTOL UAV pilots is increasing as more government, law enforcement, and commercial drones are being used. In order to decrease the frequency of mishaps brought on by insufficient control abilities of operators, attempts are currently being undertaken to increase the autonomy of these systems, hence lowering the role of human operators.

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Future Developments:

The development of eVTOL UAVs powered by electric propulsion reduces the harmful effects on the environment in terms of noise and pollutant emissions. Thus, the market for electric propulsion-based eVTOL UAVs is driven by governmental rules and initiatives for emissions reduction.

The suppliers are primarily concentrating on the development of electric-powered VTOL UAVs, whose eVTOL and fixed-wing capabilities open up a wide range of opportunities for commercial applications including agricultural mapping. Due to their fixed wing structure, which enables the operator to hover the eVTOL UAV for longer distances with superior stability options, fixed wing eVTOL UAVs are able to map wider areas because they have a longer glide capacity.

Fixed-Wing VTOL UAV Market: Segmental Analysis

Based On Application:
• Military
• Government and law enforcement
• Commercial

Based On Propulsion:
• Electric
• Gasoline
• Hybrid

Based On Mode Of Operation:
• Remotely piloted
• Optionally piloted
• Fully autonomous

Based On Endurance:
• 10 hours

Based On Range:
• Beyond light of sight
• Extended visual line of sight
• Visual lines of sight

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Major market player:
• Alti UAS
• Arcturus UAV, Inc.
• A-Techsyn
• Autel Robotics
• Bluebird Aero Systems LTD
• Elroy Air Inc.
• Height Technologies
• Latitude Engineering
• Lockheed Martin Corporation
• Quantum-Systems GmbH
• Sunbirds
• Textron Inc.
• Threod Systems
• Ukrspecsystems
• ULC Robotics
• Vertical Technologies Ltd.
• Wingtra

Frequently Asked Questions:

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• Who are the key players in the Fixed-Wing VTOL UAV Market?
• What is the CAGR of the Fixed-Wing VTOL UAV Market?

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