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Fixed-Wing VTOL UAV Market Size, Industry Analysis By Application (Military, Commercial, Government And Law Enforcement), By Propulsion (Electric, Hybrid, Gasoline) By Mode Of Operation (Remotely Piloted, Optionally Piloted, Fully Autonomous), By Endurance (<5 Hours, 5-10 Hours, >10 Hours), By Range (Beyond Light Of Sight, Extended Visual Line Of Sight, Visual Lines Of Sight) & Region - Forecast

  • PUBLISHED ON
  • 2024-02-08
  • NO OF PAGES
  • 259
  • CATEGORY
  • Electronics & Communication

Global Fixed-Wing VTOL UAV Market Analysis by Application, Propulsion, Mode of Operation, Endurance, Range, Region and segments forecast till 2033

Market Overview

The fixed-wing VTOL UAV Market is valued at USD 842 million in 2022 and is projected to reach a value of USD 4,627 million in 2033 expanding at a CAGR of 23.7% over the forecast period of 2022-2033.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 842 Million

Market Forecast in 2033

USD 4,627 Million

CAGR % 2023-2033

23.7%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Application, Propulsion, Mode of Operation, Endurance, Range

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

ALTI UAS (South Africa), Ukrspecsystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Aerovironment, Inc (US), Textron (US), Lockheed Martin (US), and Latitude Engineering (US).

 

Fixed-wing drones are airplane-like in structure. These are mostly designed for the professional market. They use a wing that provides a lift rather than vertical-lift rotors. This design is also meant that they can fly forward more efficiently than multicomputer and also they increase greatly with their endurance. This is the main reason that they are particularly good at mid-and large-scale drone survey missions and also mapping long corridors that includes, roads, railway tracks, pipelines, and rivers. However, these flying wing drones need a large, relatively soft landing space, free of hurdles, such as rocks, gravel, trees, buildings, etc. Also, for take-off, some of them even require a catapult.

The fixed-wing VTOL UAV market has made significant growth because of the rising adoption of technologically advanced runway less which was unmanned aerial military platforms by defense forces. Also, the growth of the market is because of the ongoing military modernization programs in various regions that too in the form of procurement of new systems and also the upgrades of the existing ones.

Additionally, the rising adoption of these devices can be used in various commercial applications, including monitoring, surveying, and mapping, product delivery which is contributing to the market growth over the forecast year. One of the major factors that have fueled the growth of the market is large-scale use in civil and commercial applications. It includes photography, greenhouse emission monitoring, wildlife research, and preservation. They are also used in agriculture, real estate, mining, and the oil and gas industry.

Also the rising use of Fixed-wing VTOL UAVs in civil and commercial applications because of their superior endurance and also low operating costs has resulted in increased production. This has boosted the market growth over the forecast period. Personnel operating fixed-wing VTOL UAVs do need to ensure the reliability of the entire unmanned aerial system that includes UAVs, ground control stations, and communication equipment. UAVs can fly at different altitudes but these require pilots to control and operate them and skilled personnel for remote piloting. The number of pilots available for such high-precision operations is comparatively low. 

Also, a rise in drone adoption in commercial and law enforcement, and government applications added to the rising need for skilled fixed-wing VTOL UAV pilots. To reduce the number of accidents caused because of the poor control skills of operators, efforts are being made in order to improve the autonomy of these systems that reduce the involvement of human operators. This has acted as a major restrain to the market growth over the forecast year.

Application Insights

The military application has dominated the market growth over the forecast period because of the rising adoption of these UAVs in this segment.

·         In February 2021, the US Army began testing a new Fixed-Wing VTOL UAV called the RQ-7Bv2 Shadow. The Shadow is a tactical reconnaissance drone that is used for surveillance and targeting in military operations. The new version of the drone has been upgraded with a new engine and avionics system to improve its performance. Similarly, In March 2021, the Indian Navy deployed a Fixed-Wing VTOL UAV called the ScanEagle in the Indian Ocean Region. The drone is used for maritime surveillance and reconnaissance, and can operate in both day and night conditions.

Propulsion Insights

The Electric segment is predicted to garner significant returns of around 30% over the forecast period. In This is due to the growing demand for electric UAVs that offer longer flight times, lower operating costs, and reduced environmental impact compared to traditional fuel-powered UAVs.

Mode Of Operation Insights

The Fully Autonomous segment has dominated the market growth over the forecast period. Growing trend towards increasing autonomy in UAV technology was expected to continue, with many companies working to develop and improve autonomous capabilities. Fully autonomous fixed-wing VTOL UAVs have the potential to revolutionize the UAV market by reducing the need for human operators and enabling more efficient and cost-effective operations.

Endurance Insights

The >10 hours segment has dominated the market growth over the forecast period. This is because of the rising demand for high-endurance fixed-wing VTOL UAVs.

Range Insights

The Beyond light of sight segment has dominated the market growth over the forecast period because of the rising adoption of these UAVs in this segment. The BLOS capability is becoming increasingly important for UAVs in various industries such as military, transportation, and infrastructure inspection, as it enables UAVs to operate beyond the operator's visual line of sight, expanding their capabilities and potential applications. Several companies are actively developing BLOS capabilities for their Fixed-Wing VTOL UAVs, including:

·         AeroVironment's Puma AE and Raven UAVs have BLOS capabilities and have been widely used by the US military for reconnaissance and surveillance missions.

·         Skyfront's Perimeter UAV has a BLOS range of up to 100 km and has been used for applications such as pipeline inspection and wildlife monitoring.

·         Vertical Aerospace is developing a BLOS-capable Fixed-Wing VTOL UAV called the VA-1X, which is designed for urban air mobility and cargo delivery applications.

Regional Insights

The fixed-wing VTOL UAV market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America has dominated the growth of the market over the forecast period. This is because of the rising demand for UAVs in various applications, such as maritime security, agriculture, product delivery, etc. The US government has been increasing its spending on military drones in recent years, and the demand for fixed-wing VTOL UAVs has been rising as a result. These UAVs offer longer flight times and greater endurance than other types of drones, making them ideal for military applications such as surveillance, reconnaissance, and intelligence gathering.

Competitive Analysis

Some of the prominent players operating in the market are ALTI UAS (South Africa), Ukrspecsystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Aerovironment, Inc (US), Textron (US), Lockheed Martin (US), and Latitude Engineering (US).

Global 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:

• <5 hours

• 5-10 hours

• >10 hours

Based On Range:

• Beyond light of sight

• Extended visual line of sight

• Visual lines of sight

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Fixed-Wing VTOL UAV Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Fixed-Wing VTOL UAV Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

•             Business Model

•             Production Capacity, Revenue, Sales, Gross Margin

•             Key Business Strategy

•             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:

•             Company Share Analysis from 2020-2022

•             Company Analysis by Revenue and Sales

•             Company Production Capacity, Gross Margin

•             Company Share Analysis by Card Type/Card Type

•             Company Share Analysis by Product/Specification

1.    Global Fixed-Wing VTOL UAV Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Fixed-Wing VTOL UAV Market  Definition & Description

1.3.  Global Fixed-Wing VTOL UAV Market Scope and Market Estimation

1.3.1.     Global Fixed-Wing VTOL UAV Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Fixed-Wing VTOL UAV Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Application of Global Fixed-Wing VTOL UAV Market

1.4.2.     Propulsion of Global Fixed-Wing VTOL UAV Market

1.4.3.     Mode Of Operation of Global Fixed-Wing VTOL UAV Market

1.4.4.     Endurance of Global Fixed-Wing VTOL UAV Market

1.4.5.     Range of Global Fixed-Wing VTOL UAV Market

1.4.6.     Region of Global Fixed-Wing VTOL UAV Market

2.    Executive Summary

2.1.  Global Fixed-Wing VTOL UAV Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Fixed-Wing VTOL UAV Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.    Global Fixed-Wing VTOL UAV Market  Estimates & Historical Trend Analysis (2020 - 2022)

4.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Application

4.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033

4.1.1.     Military

4.1.2.     Government and law enforcement

4.1.3.     Commercial

5.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Propulsion

5.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Propulsion, 2023 to 2033

5.1.1.     Electric

5.1.2.     Gasoline

5.1.3.     Hybrid

6.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Mode Of Operation

6.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Mode Of Operation, 2023 to 2033

6.1.1.     Remotely piloted

6.1.2.     Optionally piloted

6.1.3.     Fully autonomous

7.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Endurance

7.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Endurance, 2023 to 2033

7.1.1.     <5 hours

7.1.2.     5-10 hours

7.1.3.     >10 hours

8.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Range

8.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Range, 2023 to 2033

8.1.1.     Beyond light of sight

8.1.2.     Extended visual line of sight

8.1.3.     Visual lines of sight

9.    Global Fixed-Wing VTOL UAV Market  Estimates & Forecast Trend Analysis, By Region

9.1.  Global Fixed-Wing VTOL UAV Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033

9.1.1. North America

9.1.2. Europe

9.1.3. Asia Pacific

9.1.4. Middle East & Africa

9.1.5. South America

10.  North America  Fixed-Wing VTOL UAV Market: Estimates & Forecast Trend Analysis

10.1.    North America Fixed-Wing VTOL UAV Market Assessments & Key Findings

10.1.1.  North America Fixed-Wing VTOL UAV Market Introduction

10.1.2.  North America Fixed-Wing VTOL UAV Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.  Based On Application

10.1.2.2.  Based On Propulsion

10.1.2.3.  Based On Mode Of Operation

10.1.2.4.  Based On Endurance

10.1.2.5.  Based On Range

10.1.2.6.  By Country

10.1.2.6.1.          The U.S.

10.1.2.6.2.          Canada

10.1.2.6.3.          Mexico

11.  Europe  Fixed-Wing VTOL UAV Market: Estimates & Forecast Trend Analysis

11.1. Europe Fixed-Wing VTOL UAV Market Assessments & Key Findings

11.1.1.  Europe Fixed-Wing VTOL UAV Market Introduction

11.1.2.  Europe Fixed-Wing VTOL UAV Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.  Based On Application

11.1.2.2.  Based On Propulsion

11.1.2.3.  Based On Mode Of Operation

11.1.2.4.  Based On Endurance

11.1.2.5.  Based On Range

11.1.2.6.  By Country

11.1.2.6.1.          Germany

11.1.2.6.2.          U.K.

11.1.2.6.3.          France

11.1.2.6.4.          Italy

11.1.2.6.5.          Spain

11.1.2.6.6.          Russia

11.1.2.6.7.          Rest of Europe

12.  Asia Pacific  Fixed-Wing VTOL UAV Market: Estimates & Forecast Trend Analysis

12.1. Asia Pacific Market Assessments & Key Findings

12.1.1.  Asia Pacific Fixed-Wing VTOL UAV Market Introduction

12.1.2.  Asia Pacific Fixed-Wing VTOL UAV Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

12.1.2.1.  Based On Application

12.1.2.2.  Based On Propulsion

12.1.2.3.  Based On Mode Of Operation

12.1.2.4.  Based On Endurance

12.1.2.5.  Based On Range

12.1.2.6.  By Country

12.1.2.6.1.          China

12.1.2.6.2.          Japan

12.1.2.6.3.          India

12.1.2.6.4.          Australia

12.1.2.6.5.          South Korea

12.1.2.6.6.          ASEAN

12.1.2.6.7.          Rest of Asia Pacific

13.  Middle East & Africa  Fixed-Wing VTOL UAV Market: Estimates & Forecast Trend Analysis

13.1. Middle East & Africa Market Assessments & Key Findings

13.1.1.  Middle East & Africa  Fixed-Wing VTOL UAV Market Introduction

13.1.2.  Middle East & Africa   Fixed-Wing VTOL UAV Market Size Estimates and Forecast (US$ Million)  (2023 to 2033)

13.1.2.1.  Based On Application

13.1.2.2.  Based On Propulsion

13.1.2.3.  Based On Mode Of Operation

13.1.2.4.  Based On Endurance

13.1.2.5.  Based On Range

13.1.2.6.  By Country

13.1.2.6.1.  U.A.E.

13.1.2.6.2.  Saudi Arabia

13.1.2.6.3.  Egypt

13.1.2.6.4.  South Africa

13.1.2.6.5.  Rest of Middle East & Africa

14.  South America  Fixed-Wing VTOL UAV Market: Estimates & Forecast Trend Analysis

14.1. South America Market Assessments & Key Findings

14.1.1.  South America Fixed-Wing VTOL UAV Market Introduction

14.1.2.  South America Fixed-Wing VTOL UAV Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

14.1.2.1.  Based On Application

14.1.2.2.  Based On Propulsion

14.1.2.3.  Based On Mode Of Operation

14.1.2.4.  Based On Endurance

14.1.2.5.  Based On Range

14.1.2.6.  By Country

14.1.2.6.1.  Brazil

14.1.2.6.2.  Argentina

14.1.2.6.3.  Colombia

14.1.2.6.4.  Rest of South America

15.  Competition Landscape

15.1. Global Fixed-Wing VTOL UAV Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

15.2. Global Fixed-Wing VTOL UAV Market Concentration & Company Market Shares (%) Analysis, 2022

16.  Company Profiles

16.1.    ALTI UAS (South Africa)

16.1.1.    Company Overview & Key Stats

16.1.2.    Financial Performance & KPIs

16.1.3.    Product Portfolio

16.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

16.2.    Ukrspecsystems (Ukraine)

16.3.    Threod Systems (Estonia)

16.4.    Quantum Systems (Germany)

16.5.    Vertical Technologies (Netherlands)

16.6.    Aerovironment

16.7.    Textron (US)

16.8.    Lockheed Martin (US)

16.9.    Latitude Engineering (US).

16.10. Others**

17.  Research Methodology

17.1. External Transportations / Databases

17.2. Internal Proprietary Database

17.3. Primary Research

17.4. Secondary Research

17.5. Assumptions

17.6. Limitations

17.7. Report FAQs

18.  Research Findings & Conclusion

 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Case Study- ICT Sector

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Business Solution

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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