Global VTOL UAV Market Growth 2023-2029

Global VTOL UAV Market Growth 2023-2029

An unmanned aerial vehicle (UAV), commonly known as a drone, as an unmanned aircraft system (UAS), or by several other names, is an aircraft without a human pilot aboard. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator, or fully or intermittently autonomously, by onboard computers. Compared to manned aircraft, UAVs are often preferred for missions that are too "dull, dirty or dangerous" for humans. They originated mostly in military applications, although their use is expanding in commercial, scientific, recreational, agricultural, and other applications, such as policing and surveillance, aerial photography, agriculture and drone racing.

VTOL UAV refers to Vertical Take-Off and Landing Unmanned Aerial Vehicle, one type of Drones. VTOL UAV categories include Multicopter, Helicopter and Hybrid.

LPI (LP Information)' newest research report, the “VTOL UAV Industry Forecast” looks at past sales and reviews total world VTOL UAV sales in 2022, providing a comprehensive analysis by region and market sector of projected VTOL UAV sales for 2023 through 2029. With VTOL UAV sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world VTOL UAV industry.

This Insight Report provides a comprehensive analysis of the global VTOL UAV landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on VTOL UAV portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global VTOL UAV market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for VTOL UAV and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global VTOL UAV.

The global VTOL UAV market size is projected to grow from US$ 2004.4 million in 2022 to US$ 3670.1 million in 2029; it is expected to grow at a CAGR of 3670.1 from 2023 to 2029.

Global VTOL UAV key players include DJI, PARROT, etc. Global top two manufacturers hold a share nearly 85%.

North America is the largest market, with a share about 65%, followed by China, and Europe, both have a share over 25 percent.

In terms of product, Small Sized VTOL UAV is the largest segment, with a share over 95%. And in terms of application, the largest application is Civil and Commercial, followed by Military, Homeland Security, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of VTOL UAV market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Small Sized VTOL UAV

Large Sized VTOL UAV

Segmentation by application

Military

Homeland Security

Civil and Commercial

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

DJI

PARROT

3D Robotics

AscTec

Yamaha

XAIRCRAFT

ZERO TECH

Ehang

IAI

CybAero

Alpha Unmanned Systems

Microdrones

Ewatt

Hanhe

GoPro

LONCIN MOTOR

Key Questions Addressed in this Report

What is the 10-year outlook for the global VTOL UAV market?

What factors are driving VTOL UAV market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do VTOL UAV market opportunities vary by end market size?

How does VTOL UAV break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.