Rise in threat terrorist attacks has increased the use VTOL UAVs for surveillance and tactical missions. Since, these UAVs can independently and safely take off and land vertically within small area they can perform effectively in the most difficult terrain with minimal noise. For instance, in 2018, national security contractor Sierra Nevada Corporation (SNC) and Israel Aerospace Industries Limited (IAI) partnered to co-develop a tactical VTOL UAV system for American tactical UAV market. Furthermore, in February 2020, UMS SKELDAR, a joint venture between defense company Saab AB and UAV manufacturer UMS AERO GROUP.
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Key Market Players
- ALTI UAS
- UKRSPECSYSTEMS
- Threod Systems
- Quantum Systems
- Vertical Technologies
- Arcturus UAV
- Textron Inc
- Lockheed Martin
- Latitude Engineering
- Bluebird Aero Systems LTD
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Top Impacting Factors
- Rise in use of fixed-wing VTOL UAV for military, rise in advanced patrolling of marine borders, and rise in government investment is expected to drive growth of the market.
- However, lack of appropriate air traffic management for VTOL UAVs and a shortage of skilled professionals to operate VTOL UAVs can hamper growth of the market.
- Moreover, emerging applications of UAVs in the commercial sector, rise in demand for better combat operation efficiency, and rise in R&D for new & advanced technology act as an opportunity for growth of the market.
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Key Benefits of the Report:
- This study presents the analytical depiction of the fixed-wing VTOL UAV market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the fixed-wing VTOL UAV market.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the fixed-wing VTOL UAV market growth scenario.
- The report provides detailed the fixed-wing VTOL UAV market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the fixed-wing VTOL UAV market research report:
- Which are the leading market players active in the fixed-wing VTOL UAV market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the fixed-wing VTOL UAV market?
- What are the projections for the future that would help in taking further strategic steps?
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