Press release
Fixed-wing VTOL UAV Industry Expected to Reach $4.08 Billion by 2029 at 22.9% CAGR
Fixed-wing VTOL UAV Market
Fixed-wing VTOL UAV Market Value Projection: How Much Will the Market Size by 2025?
The market size for fixed-wing vertical take-off and landing unmanned aerial vehicles (vtol uav) has experienced exponential growth recently. Projections show that it will expand from $1.46 billion in 2024 to $1.79 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 22.8%. The escalated growth in the past era is linked to the broad utilization in civil and commercial sectors, the emergence of diverse applications, and the escalated use of such UAVs in the military. Moreover, increasing government investments and the demand for safe, precise inspections and monitoring have also fueled this growth.
What Will Be the Market Growth Forecat for Fixed-wing VTOL UAV in 2029?
Anticipated to see an exponential surge in the upcoming years, the market size of fixed-wing vtol uav is projected to increase to $4.08 billion in 2029, growing at a compound annual growth rate (CAGR) of 22.9%. The upswing during the predicted period can be credited to factors like enhanced patrolling of maritime borders, swift industrial expansion, a rising demand for automation across multiple industries, an increase in overseas investment, and a surge in technology transfer related to fixed-wing VTOL UAV platforms. The forecast period will also witness prevalent trends such as technological progression, product innovations, heightened deployment for conducting aerial remote sensing, burgeoning applications of UAVs in the commercial domain, and increased research and development in cutting-edge technology.
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What Are the Core Competitive Drivers in the Fixed-wing VTOL UAV Industry?
Heightened applications in military and defense sectors are set to spur the expansion of the fixed-wing VTOL UAV market. The military and defense industry comprises strategic measures, structures, technology, and actions purposed for safeguarding a country's sovereignty, interests, and its populace against external dangers. Fixed-wing VTOL UAVs are employed in this sector for tasks such as reconnaissance, tactical operations, border monitoring, and search and rescue missions due to their attributes such as versatility, agility, and effectiveness. For example, as per data presented by the International Trade Administration (ITA), a U.S. government arm under the Department of Commerce, in November 2023, the turnover for the UK's defense sector for 2022 was approximately $29 billion, out of which $15 billion was from exports. Further, the UK's space industry reported a turnover of around $22 billion in 2021, with exports attributing to $9.5 billion. Consequently, the increasing utilization in military and defense sectors is bolstering the growth of the fixed-wing VTOL UAV market.
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Which Fixed-wing VTOL UAV Market Segment Is Projected to See the Fastest Growth?
The fixed-wing vtol uav market covered in this report is segmented -
1) By Propulsion: Electric, Hybrid, Gasoline
2) By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
3) By Range: Beyond Line Of Sight, Extended Visual Line Of Sight, Visual Line Of Sight
4) By Application: Military, Government, Law Enforcement, Firefighting And Disaster Management, Search And Rescue, Maritime Security, Commercial
Subsegments:
1) By Electric: Battery-Powered Electric Propulsion, Fuel Cell Electric Propulsion
2) By Hybrid: Hybrid Electric-Gasoline Propulsion, Hybrid Electric-Diesel Propulsion
3) By Gasoline: Two-Stroke Gasoline Engines, Four-Stroke Gasoline Engines
Which Trends Are Opening New Opportunities in the Fixed-wing VTOL UAV Market?
Leading firms in the fixed-wing VTOL UAV industry are concentrating on creating superior solutions equipped with highly trustworthy power systems and locking propeller configurations to establish a unique standing in the market. The said power system and locking propeller configuration enable efficient operations while preserving the vertical takeoff and landing function. For example, T-DRONES, an industrial UAV manufacturing firm based in China, unveiled the VA25, their latest fixed-wing VTOL UAV model, in June 2023. The novel VA25 is a long-range fixed-wing VTOL drone tailored for industrial applications, sporting a wingspan of 2.5m, a takeoff weight of 13kg, and a sustained flight time of up to 210 minutes when carrying a 1kg payload. The frame is composed of a carbon fiber composite PVC and features a dependable power system and a locking propeller design, significantly extending the flight duration. The basic drone package comes with the frame and a T-MOTOR power system.
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Who Are the Leaders in the Fixed-wing VTOL UAV Market?
Major companies operating in the fixed-wing VTOL UAV market are Lockheed Martin Corporation, Textron Inc., Avery Dennison Corporation (AVY), AeroVironment Inc., SZ DJI Technology Co. Ltd., ideaForge Technology Ltd., Quantum-Systems GmbH, Wingtra WingtraOne, Autel Robotics, Elroy Air Inc., ULC Robotics Inc., Bluebird Aero Systems Ltd., Arcturus UAV Inc., Latitude Engineering, ALTI Unmanned Aircraft Systems, Threod Systems, ZEROTECH Intelligence Technology Co., Ltd., Sunlight Aerospace, A-techSYN Ltd., Ukrspecsystems, Vertical Technologies Ltd., Carbonix, Hubblefly Technologies, Homeland Surveillance & Electronics LLC, Height Technologies
Which Regional Fixed-wing VTOL UAV Markets Offer the Greatest Growth Potential?
North America was the largest region in the Fixed-wing VTOL UAV market in 2024. The regions covered in the fixed-wing vtol uav market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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