VTOL Drone Trends and Forecast
The future of the global VTOL drone market looks promising with opportunities in the military, homeland security, and civil & commercial markets. The global VTOL drone market is expected to grow with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are increasing demand for vertical takeoff and landing (VTOL) drones in various industries, growing interest in urban air mobility solutions and autonomous aerial vehicles, and advancements in VTOL drone technology.
• Lucintel forecasts that small sized VTOL uav is expected to witness the higher growth over the forecast period.
• Within this market, military is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Companies like Wingcopter and Joby Aviation are developing VTOL drones for aerial delivery and urban air mobility. Government initiatives support the integration of VTOL drones into national airspace for commercial applications while ensuring safety and regulatory compliance.
China – Chinese firms such as DJI and EHang are expanding their VTOL drone offerings for applications like aerial photography and passenger transportation. The government aims to establish China as a leader in VTOL drone technology through investment incentives and supportive policies.
Germany – German companies like Volocopter and Lilium are focusing on VTOL drone development for urban air mobility solutions. Government funding supports research and development initiatives to advance VTOL drone technology and promote sustainable transportation alternatives.
Japan – Japanese firms such as Yamaha and NEC are innovating in VTOL drone technology for applications like agricultural spraying and disaster response. The government promotes the adoption of VTOL drones to improve efficiency and safety in various sectors while supporting domestic industry growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
VTOL Drone by Segment
The study includes a forecast for the global VTOL drone by type, application, and region.
VTOL Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Small Sized VTOL UAV
• Large Sized VTOL UAV
VTOL Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Military
• Homeland Security
• Civil & Commercial
VTOL Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of VTOL Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VTOL drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VTOL drone companies profiled in this report include-
• Parrot
• 3D Robotics
• Asctec
• Yamaha
• Xaircraft
• Zero Tech
• Ehang
Recent Development in the VTOL Drone Market
Wingcopter: Wingcopter unveiled the Wingcopter 198, a hybrid VTOL drone with a 12-hour flight time and a range of 75 miles, targeting long-range delivery and humanitarian missions.
Joby Aviation: Joby Aviation announced the development of the Joby S4, an electric VTOL aircraft designed for urban air mobility, featuring quiet operation and high-speed transportation capabilities.
Volocopter: Volocopter showcased the Volocopter VoloCity, an autonomous VTOL air taxi designed for urban air mobility, offering short-distance passenger transportation with minimal environmental impact.
Yamaha: Yamaha introduced the YMR-08, a VTOL drone designed for agricultural spraying and crop monitoring, featuring precise maneuverability and efficient operation for precision farming applications.
Features of the Global VTOL Drone Market
Market Size Estimates: VTOL drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: VTOL drone market size by type, application, and region in terms of value ($B).
Regional Analysis: VTOL drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the VTOL drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VTOL drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for VTOL drone market?
Answer: The global VTOL drone market is expected to grow with a CAGR of 16.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the VTOL drone market?
Answer: The major drivers for this market are increasing demand for vertical takeoff and landing (VTOL) drones in various industries, growing interest in urban air mobility solutions and autonomous aerial vehicles and advancements in VTOL drone technology.
Q3. What are the major segments for VTOL drone market?
Answer: The future of the VTOL drone market looks promising with opportunities in the military, homeland security, and civil & commercial markets.
Q4. Who are the key VTOL drone market companies?
Answer: Some of the key VTOL drone companies are as follows:
• Parrot
• 3D Robotics
• Asctec
• Yamaha
• Xaircraft
• Zero Tech
• Ehang
Q5. Which VTOL drone market segment will be the largest in future?
Answer: Lucintel forecasts that small sized VTOL uav is expected to witness the higher growth over the forecast period.
Q6. In VTOL drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the VTOL drone market by type (small sized VTOL uav and large sized VTOL uav), application (military, homeland security, and civil & commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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