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.
The market study report on Global VTOL UAV Market forecast it to grow at a CAGR of 10.83% during the period 2016-2020.
VTOL UAVs can take-off and land vertically almost anywhere, even at areas with constrained space. This vertical take-off and landing capability has made these UAVs popular for civil-commercial applications.
In terms of design configuration, VTOL UAVs include multi-rotors (quadcopters, hexacopters, and octocopters), helicopter-configured UAVs, and tiltrotor UAVs. Many of the larger VTOL UAVs are currently being used by the military sector, as it can be deployed from any remote location (with no runway or take-off strip). For civil or commercial applications, the suitability of VTOL UAVs for urban applications has led to increased market demand.
For military applications, companies such as Northrop Grumman, Lockheed Martin, and AeroVironment offer highly capable VTOL UAVs such as MQ-8B Fire Scout and Indago. The military sector has always been a primary consumer for UAVs including VTOL UAVs.
R&D spending by government agencies such as Defense Advanced Research Projects Agency (DARPA) has also helped the market growth in this sector. DARPA has partnered with companies such as AeroVironment to develop VTOL with advanced capabilities, primarily for military applications.
In the US, the applications of VTOL UAVs are mainly in the military and defense sector. The collaboration between DARPA and manufacturers of UAV, in the US market, has led to the development of many VTOL UAV designs. Since the military is the major sector for VTOL UAVs, such collaboration has strengthened funding and innovation in technology.
Many emerging countries (Brazil, China, and India) are using VTOL UAVs for different military and civilian applications. Along with improvements in technology and availability of cost-effective systems, the smaller nations can also include VTOL UAVs into their service for tactical and surveillance operations.
An exhaustive study on the Global VTOL UAV market available at marketstudyreport.com provide answers to the following key questions:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?