About VTOL UAV
VTOL UAVs are are capable of performing vertical take-off and landing and do not require a runway. VTOL UAVs can be further classified into multi-rotors (quadcopters, hexacopters, and octocopters), helicopter-configured UAVs, and tiltrotor VTOL UAVs. These UAVs are mostly used for applications where stability and hover capability is crucial.
Technavio’s analysts forecast the global VTOL UAV market to grow at a CAGR of 10.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global VTOL UAV market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global VTOL UAV Market 2016-2020
Technavio recognizes the following companies as the key players in the Global VTOL UAV Market: AeroVironment, Israel Aerospace Industries, Lockheed Martin, SAAB, and Northrop Grumman.
Other Prominent Vendors in the market are: Aeronautics, Aeyron Labs, Aibotrix, American Dynamics, BAE Systems, DJI, and Prox Dynamics.
Commenting on the report, an analyst from Technavio’s team said: “. One of the major trends has been the rapid development of high-performance VTOL UAVs. For example, the Northrop Grumman MQ-8 Fire Scout is a helicopter-configured UAV, which is primarily used by the US Navy. This UAV can be utilized for observation and monitoring; situational awareness; and precision targeting support for ground, air, and sea forces.”
According to the report, one of the drivers of the global VTOL UAV market is its suitability for urban applications. Unlike fixed-wing UAVs, VTOL UAVs can take-off and land without a runway. As a result, there has been an increased demand for these UAVs for civil-commercial applications. Commercial VTOL UAVs are used for surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, real estate survey, and many other similar applications.
Further, the report states that defense budget cut is one of the major challenges faced by vendors.
AeroVironment, Israel Aerospace Industries, Lockheed Martin, SAAB, Northrop Grumman, Aeronautics, Aeyron Labs, Aibotrix, American Dynamics, BAE Systems, DJI, Prox Dynamics.
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