Vertical Take-off and Landing UAV Market was valued at USD 3.85 Billion in 2022 and is projected to reach USD 9.78 Billion by 2030, growing at a CAGR of 12.3% from 2024 to 2030.
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The Vertical Take-Off and Landing (VTOL) Unmanned Aerial Vehicle (UAV) market has experienced significant growth from 2018 to 2022, driven by advancements in technology and increasing applications across various sectors. In 2023, the market was valued at $6.71 billion, with projections indicating a rise to $7.87 billion in 2024, reflecting a compound annual growth rate (CAGR) of 17.3%. This growth is attributed to the expanding use of VTOL UAVs in environmental monitoring, disaster response, military operations, and global security initiatives. Looking ahead, the market is expected to continue its upward trajectory, reaching $14.76 billion by 2028, with a projected CAGR of 17.0%. This anticipated growth is driven by factors including energy infrastructure inspection, advancements in autonomy and artificial intelligence, the adoption of electric propulsion systems, and the commercialization of new applications. Significant trends in the forecast period include rapid technological advancements, the dominance of electric propulsion systems, integration of artificial intelligence, and a heightened focus on sustainability and green initiatives. citeturn0search2
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Northrop Grumman Corporation (U.S.)
DJI Innovations (China)
Lockheed Martin Corporation (U.S.)
Israel Aerospace Industries Ltd. (Israel)
Schiebel Elektronische Gerate GmbH (Austria)
AeroVironment
Saab Group (Sweden)
Textron Inc (U.S.)
The Boeing Company (U.S.)
Turkish Aerospace Industries Inc (Turkey)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vertical Take-off and Landing UAV Market
Commercial
Military
Others
Based on Types the Market is categorized into Below types that held the largest Vertical Take-off and Landing UAV market share In 2023.
Electric
Solar
Hybrid
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vertical Take-off and Landing UAV Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vertical Take-off and Landing UAV Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vertical Take-off and Landing UAV Market, By Type
6. Global Vertical Take-off and Landing UAV Market, By Application
7. Global Vertical Take-off and Landing UAV Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vertical Take-off and Landing UAV Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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