Jan 2, 2019 SOURCE: BusinessWire

Global VTOL UAV Market Technologies, Share and Forecast to 2024: A CAGR of 19.5% is Projected - ResearchAndMarkets.com

The "Global VTOL UAV Market -Technologies, Market Share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global VTOL UAV market is expected to rise with the CAGR of about 19.5% during forecast period 2017-2024.

Increasing terrorist attacks as well as increasing military and defense spending across various regions of the globe contributes to the growth of global VTOL UAV market during forecast period.

However, strict airspace regulations and less velocities and altitude, limited set of applications with dedicated payloads are some of the major factors restraining the growth of global VTOL UAV market during forecast period.

Geographically, global VTOL UAV market report has been segmented in North America, Asia Pacific, Europe and Rest of World. North America held the largest market revenue share for VTOL UAV market in 2017 and is expected to dominate the market during forecast period.

Technological advancements in VTOL UAV coupled with high demand of VTOL drones from military and defense sector contributes to the largest market revenue share of North America VTOL UAV market during the forecast period.

However, Asia Pacific is expected to be the fastest growing region in VTOL UAV market during forecast period due to its increasing demand from military and commercial applications.

The growth in global VTOL UAV market is also influenced by presence of major players such as DJI Innovations (China), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), The Boeing Company (U.S.), Saab AB (Sweden), etc.

To gain competitive advantage, the major players of global VTOL UAV market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, investment, strategic expansion, funding etc. during forecast period.

The applications of VTOL UAV include military, civil & commercial and homeland security. Type of VTOL UAV includes multicopter VTOL UAV, helicopter VTOL UAV and hybrid VTOL UAV. Size of VTOL UAV are divided as large sized VTOL UAV, small sized VTOL UAV, medium sized VTOL UAV and micro sized VTOL UAV.

Payloads included in VTOL UAV are ISR, cameras, telemetry, sensors and autopilot. Military application accounted for the largest market revenue share in 2016 and is expected to dominate the market during the forecast period. Its dominance is majorly witnessed due to high demand of VTOL UAVs from military and defense sector.

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles