HOME Top Market Reports VTOL UAV Market by Application (Military, Civil & Commercial, Homeland Security), Type (Multicopter, Helicopter, Hybrid), Size (Large, Medium, Small, Micro), Propulsion, Payloads, Geography - Global Forecast to 2020

VTOL UAV Market by Application (Military, Civil & Commercial, Homeland Security), Type (Multicopter, Helicopter, Hybrid), Size (Large, Medium, Small, Micro), Propulsion, Payloads, Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: AS 3723

 

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The global VTOL UAV market is estimated to be valued at USD 2,235.40 Million in 2015 and is projected to reach USD 5,500 Million by 2020, at a CAGR of 19.73% from 2015 to 2020. The growth in the market is attributed to factors such as increasing demand in commercial and law enforcement applications, better technological advancements, amended safety norms to perform complex operations with least human interventions, and reduced risks and cost associated with the use of VTOL UAVs.

The global VTOL UAV market is projected to witness a high growth in the next five years. The growth of this market is forecast to be driven by the increasing demand of VTOL UAVs in civil & commercial sector. The market is further driven by the demand for 3D mapping, oil & gas pipeline inspection, recreational activities, safety and surveillance. However, the market faces hurdles such as strict airspace regulations and social issues such as privacy and nuisance concern.

The high growth potential in emerging markets and increase in demand for UAVs are anticipated to provide growth opportunities to the players in the VTOL UAV market. However, lack of skilled and trained pilots and stringent regulatory framework are the key challenges for the industry players.

The global VTOL UAV market by application & type has fastest growth for countries in the Asia-Pacific region. The market in the countries, such as Japan and India of the Asia-Pacific region, is projected to grow at a faster pace from 2015 to 2020. The market in these countries is expected grow for military and commercial applications in the next five years.

Major strategic developments are taking place in the field of VTOL UAV, which exhibit high-growth potential in the near future. Dominant market players such as Northrop Grumman Corporation (U.S.), DJI (China), Lockheed Martin Corporation (U.S.) and Israel Aerospace Industries Limited (Israel) introduced several technologically advanced systems, and entered into strategic agreements and partnerships in order to keep pace with the industry trends.

Scope of the Report

This research report categorizes the global VTOL UAV market into the following segments and sub segments:

Global VTOL UAV, by Application

  • Military
  • Homeland Security
  • Civil & Commercial

Global VTOL UAV Market, by Type

  • Helicopter
  • Multicopter
  • Hybrid

Global VTOL UAV Market, by Size

  • Large
  • Medium
  • Small
  • Micro

Global VTOL UAV Market, by Payloads

  • ISR
  • Cameras
  • Telemetry
  • Sensors
  • Autopilot

Global VTOL UAV Market, by Geography

  • North America
  • Europe
  • APAC
  • Latin America
  • Africa

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Periodization
    1.4 Currency & Pricing
    1.5 Package Sizes
    1.6 Distribution Channel Participants
    1.7 Study Limitations
    1.8 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Key Data Taken From Secondary Sources
           2.1.3 Primary Data
           2.1.4 Key Data From Primary Sources
                    2.1.4.1 Key Industry Insights
           2.1.5 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand Side Indicators
                    2.2.2.1 Increase in Demand of VTOL UAV for Non-Military Application
           2.2.3 Supply Side Indicators
                    2.2.3.1 Supplier Product Coverage
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Break Down and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in VTOL UAV Market
    4.2 Market, By Application
    4.3 APAC: Market, By Application
    4.4 Market, By Region
    4.5 Market, By Type
    4.6 Market, By Size
    4.7 Market, By Propulsion System
    4.8 Life Cycle Analysis, By Region (2015-2020)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Application
           5.3.2 By VTOL UAV Type
           5.3.3 By Size Type
           5.3.4 By Propulsion System
           5.3.5 By Payload
           5.3.6 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing VTOL UAV Applications in Which Flat Land/Runway is Not Available for Ctol/Stol UAV
                    5.4.1.2 Improving Technical Efficiency and Technological Advancements
                    5.4.1.3 Fight Against Terrorism
           5.4.2 Restraints
                    5.4.2.1 Strict Airspace Regulations
                    5.4.2.2 Lack of Skilled and Trained Pilots
                    5.4.2.3 Less Velocities and Altitude, Limited Set of Applications With Dedicated Payloads
           5.4.3 Opportunities
                    5.4.3.1 Increasing Demand of VTOL UAVs for Several Commercial Applications
                    5.4.3.2 VTOL UAV for Product Delivery & Logistics
                    5.4.3.3 Technologies Such as Gnss, Rpas and Persistent Bvlos Makes VTOL Market A Stable Alternative
           5.4.4 Challenges
                    5.4.4.1 Safety and Social Issues Such as Privacy and Nuisance Concerns
                    5.4.4.2 Competing With Adjacent Field Products
                    5.4.4.3 Regulatory Policies and Procedural Issues

6    Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Technology Trends
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat From New Entrants
           6.5.2 Threat From Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry

7 VTOL UAV Market, By Application (Page No. - 56)
    7.1 Introduction
    7.2 Military Application Market
           7.2.1 VTOL UAV Market, By ISR Application
           7.2.2 Market, By Communication Relay Application
           7.2.3 Market, By Border Security & Monitoring Application
           7.2.4 Market, By Combat Operations Application
    7.3 Civil & Commercial Application Market
           7.3.1 Market, By Agriculture Application
           7.3.2 Market, By Mapping & Surveying Application
           7.3.3 Market, By Oil & Gas Application
           7.3.4 Market, By Wildlife Research & Survey Application
           7.3.5 Market, By Film & Television Industry Application
           7.3.6 Market, By Photography Application
    7.4 Homeland Security Application Market
           7.4.1 Market, By Search, Rescue & Disaster Management Application Market
           7.4.2 Market, By Police Operations Application Market
           7.4.3 Market, By Fire Fighting Application Market
           7.4.4 Market, By High Traffic Monitoring Application Market

8 VTOL UAV Market, By Type (Page No. - 76)
    8.1 Introduction
    8.2 Multicopter VTOL UAV
    8.3 Helicopter VTOL UAV
    8.4 Hybrid VTOL UAV

9 VTOL UAV Market, By Size (Page No. - 81)
    9.1 Introduction
    9.2 Large Sized VTOL UAV
    9.3 Small Sized VTOL UAV
    9.4 Medium Sized VTOL UAV
    9.5 Micro Sized VTOL UAV

10 VTOL UAV Market, By Propulsion System (Page No. - 89)
     10.1 Introduction
     10.2 Thermal Propulsion System
     10.3 Electrical Propulsion System
     10.4 Hybrid Propulsion System
     10.5 Solar Propulsion System

11 VTOL UAV Market, By Payload (Page No. - 96)
     11.1 Introduction
             11.1.1 VTOL UAV Payload Market, By Sensors

12 Global VTOL UAV Market, By Geography (Page No. - 100)
     12.1 Introduction
     12.2 North America
             12.2.1 North America: VTOL UAV Market, By Country
             12.2.2 North America: Market, By Application Type
             12.2.3 North America: Market, By Military Application
             12.2.4 North America: Market, By Civil and Commercial Application
             12.2.5 North America: Market, By Homeland Security Application
             12.2.6 U.S.
                        12.2.6.1 U.S.: VTOL UAV Market, By Application Type
             12.2.7 Canada
                        12.2.7.1 Canada: Market, By Application Type
     12.3 Europe
             12.3.1 Europe: Market, By Country
             12.3.2 Europe: Market, By Application Type
             12.3.3 Europe: Market, By Military Application
             12.3.4 Europe: Market, By Civil and Commercial Application
             12.3.5 Europe: Market, By Homeland Security Application
             12.3.6 Russia
                        12.3.6.1 Russia: VTOL UAV Market, By Application Type
             12.3.7 U.K.
                        12.3.7.1 U.K: Market, By Application Type
             12.3.8 Germany
                        12.3.8.1 Germany: Market, By Application Type
             12.3.9 France
                        12.3.9.1 France: Market, By Application Type
             12.3.10 Austria
                        12.3.10.1 Austria: Market, By Application Type
     12.4 Asia-Pacific
             12.4.1 Asia-Pacific: VTOL UAV Market, By Country
             12.4.2 Asia-Pacific: Market, By Application Type
             12.4.3 Asia-Pacific: Market, By Military Application
             12.4.4 Asia-Pacific: Market, By Civil and Commercial Application
             12.4.5 Asia-Pacific: Market, By Homeland Security Application
             12.4.6 China
                        12.4.6.1 China: VTOL UAV Market, By Application Type
             12.4.7 Australia
                        12.4.7.1 Australia: Market, By Application Type
             12.4.8 Japan
                        12.4.8.1 Japan: Market, By Application Type
             12.4.9 South Korea
                        12.4.9.1 South Korea: Market, By Application Type
             12.4.10 India
                        12.4.10.1 India: Market, By Application Type
     12.5 Middle East
             12.5.1 Middle East: VTOL UAV Market, By Country
             12.5.2 Middle East: Market, By Application Type
             12.5.3 Middle East: Market, By Military Application
             12.5.4 Middle East: Market, By Civil and Commercial Application
             12.5.5 Middle East: Market, By Homeland Security Application
             12.5.6 Israel
                        12.5.6.1 Israel: VTOL UAV Market, By Application Type
             12.5.7 Saudi Arabia
                        12.5.7.1 Saudi Arabia: Market, By Application Type
             12.5.8 Iran
                        12.5.8.1 Iran: Market, By Application Type
             12.5.9 Turkey
                        12.5.9.1 Turkey: Market, By Application Type
     12.6 Latin America
             12.6.1 Latin America: VTOL UAV Market, By Country
             12.6.2 Latin America: Market, By Application Type
             12.6.3 Latin America: Market, By Military Application
             12.6.4 Latin America: Market, By Civil and Commercial Application
             12.6.5 Latin America: Market, By Homeland Security Application
             12.6.6 Brazil
                        12.6.6.1 Brazil: VTOL UAV Market, By Application Type
             12.6.7 Mexico
                        12.6.7.1 Mexico: Market, By Application Type
             12.6.8 Argentina
                        12.6.8.1 Argentina: Market, By Application Type
     12.7 Africa
             12.7.1 Africa: VTOL UAV Market, By Application Type
             12.7.2 Africa: Market, By Military Application
             12.7.3 Africa: Market, By Civil and Commercial Application
             12.7.4 Africa: Market, By Homeland Security Application

13 Competitive Landscape (Page No. - 135)
     13.1 Introduction
     13.2 Market Share Analysis of Market
     13.3 Competitive Situation and Trends
             13.3.1 New Product Launches
             13.3.2 Mergers & Acquisitions
             13.3.3 Partnerships, Collaborations, and Joint Ventures
             13.3.4 Long-Term Contracts

14 Company Profiles (Page No. - 144)
     14.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     14.2 Northrop Grumman Corporation
     14.3 Dji Innovations
     14.4 Lockheed Martin Corporation
     14.5 Israel Aerospace Industries Ltd.
     14.6 Schiebel Elektronische Gerate GmbH
     14.7 Aerovironment, Inc.
     14.8 SAAB AB
     14.9 Textron Inc.
     14.10 The Boeing Company
     14.11 Turkish Aerospace Industries, Inc.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 168)
     15.1 Discussion Guide
     15.2 Other Developments
             15.2.1 New Product Launches
             15.2.2 Mergers & Acquisitions
             15.2.3 Partnerships, Collaborations, and Joint Ventures
             15.2.4 Contracts
     15.3 Introducing RT: Real Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports


List of Tables (78 Tables)

Table 1 Increasing Production of VTOL UAV for Non-Military Applications is Driving Growth of the Market
Table 2 Strict Airspace Regulation and Lack of Skilled and Trained Pilots are Limiting Market Progress
Table 3 Increasing Demand of UAV in Emerging Economies for Several Commercial Applications
Table 4 Privacy and Nuisance Concerns and Regulatory Policies and Procedural Issues Pose Challenges to the Market
Table 5 Market, By Application, 2013-2020 (USD Million)
Table 6 Market, By Military Application, 2013-2020 (USD Million)
Table 7 Market, By Civil & Commercial Application, 2013-2020 (USD Million)
Table 8 Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 9 Market Size, By Type, 2013-2020 (USD Million)
Table 10 Multicopter VTOL UAV Market Size, 2013-2020 (Units)
Table 11 Helicopter VTOL UAV Market Size 2013-2020 (Units)
Table 12 Hybrid VTOL UAV Market Size, 2013-2020 (Units)
Table 13 Market Size, By Size, 2013-2020 (USD Million)
Table 14 Market Volume, By Size, 2013-2020 (Units)
Table 15 Large Size VTOL UAV Market Size, By Type, 2013-2020 (USD Million)
Table 16 Small Size VTOL UAV Market Size, By Type, 2013-2020 (USD Million)
Table 17 Medium Size VTOL UAV Market Size, By Type, 2013-2020 (USD Million)
Table 18 Micro Size VTOL UAV Market Size, By Type, 2013-2020 (USD Million)
Table 19 Market, By Propulsion System, 2013-2020 (USD Million)
Table 20 Market, By Payload, 2013-2020 (USD Million)
Table 21  Market, By Sensors Payload, 2013-2020 (USD Million)
Table 22 Market, By Region, 2013-2020 (USD Million)
Table 23 North America: Market, By Country, 2013-2020 (USD Million)
Table 24 North America: Market, By Application Type, 2013-2020 (USD Million)
Table 25 North America: Market, By Military Application, 2013-2020 (USD Million)
Table 26 North America: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 27 North America: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 28 U.S.: Market, By Application Type, 2013-2020 (USD Million)
Table 29 Canada: Market, By Application Type, 2013-2020 (USD Million)
Table 30 Europe: Market, By Country, 2013-2020 (USD Million)
Table 31 Europe: Market, By Application Type, 2013-2020 (USD Million)
Table 32 Europe: Market, By Military Application, 2013-2020 (USD Million)
Table 33 Europe: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 34 Europe: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 35 Russia: VTOL UAV Market, By Application, 2013-2020 (USD Million)
Table 36 U.K: Market, By Application Type, 2013-2020 (USD Million)
Table 37 Germany: Market, By Application Type, 2013-2020 (USD Million)
Table 38 France: Market, By Application Type, 2013-2020 (USD Million)
Table 39 Austria: Market, By Application Type, 2013-2020 (USD Million)
Table 40 Asia-Pacific: VTOL UAV Market, By Country, 2013-2020 (USD Million)
Table 41 Asia-Pacific: Market, By Application Type, 2013-2020 (USD Million)
Table 42 Asia-Pacific: Market, By Military Application, 2013-2020 (USD Million)
Table 43 Asia-Pacific: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 44 Asia-Pacific: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 45 China: VTOL UAV Market, By Application Type, 2013-2020 (USD Million)
Table 46 Australia: Market, By Application Type, 2013-2020 (USD Million)
Table 47 Japan: Market, By Application Type, 2013-2020 (USD Million)
Table 48 South Korea: VTOL UAV Market, By Application Type, 2013-2020 (USD Million)
Table 49 India: Market, By Application Type, 2013-2020 (USD Million)
Table 50 Middle East: VTOL UAV Market, By Country, 2013-2020 (USD Million)
Table 51 Middle East: Market, By Application Type, 2013-2020 (USD Million)
Table 52 Middle East: Market, By Military Application, 2013-2020 (USD Million)
Table 53 Middle East: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 54 Middle East: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 55 Israel: VTOL UAV Market, By Application, 2013-2020 (USD Million)
Table 56 Saudi Arabia: Market, By Application Type, 2013-2020 (USD Million)
Table 57 Iran: Market, By Application Type, 2013-2020 (USD Million)
Table 58 Turkey: Market, By Application Type, 2013-2020 (USD Million)
Table 59 Latin America: Market, By Country, 2013-2020 (USD Million)
Table 60 Latin America: Market, By Application Type, 2013-2020 (USD Million)
Table 61 Latin America: Market, By Military Application, 2013-2020 (USD Million)
Table 62 Latin America: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 63 Latin America: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 64 Brazil : VTOL UAV Market, By Application Type, 2013-2020 (USD Million)
Table 65 Mexico : Market, By Application Type, 2013-2020 (USD Million)
Table 66 Argentina : VTOL UAV Market, By Application Type, 2013-2020 (USD Million)
Table 67 Africa: Market, By Application Type, 2013-2020 (USD Million)
Table 68 Africa: Market, By Military Application, 2013-2020 (USD Million)
Table 69 Africa: Market, By Civil and Commercial Application, 2013-2020 (USD Million)
Table 70 Africa: Market, By Homeland Security Application, 2013-2020 (USD Million)
Table 71 New Product Launches, 2011-2015
Table 72 Mergers & Acquisitions, 2011-2015
Table 73 Partnerships, Collaborations, and Joint Ventures, 2011–2015
Table 74 Contracts, 2011-2015
Table 75 New Product Launches, 2011-2015
Table 76 Mergers & Acquisitions, 2011-2015
Table 77 Partnerships, Collaborations, and Joint Ventures, 2011–2015
Table 78 Contracts, 2011-2015


List of Figures (99 Figures)

Figure 1 Market Scope: Market
Figure 2 Study Limitations
Figure 3 Research Design
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 5 VTOL UAV Demand for Non-Military Application, By Incidence
Figure 6 Supplier Product Coverage
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation Methodology
Figure 10 Research Assumptions
Figure 11 Evolution of VTOL UAVs
Figure 12 Market Snapshot (2015 vs 2020): Civil and Commercial Application to Witness the Highest Growth in Next Five Years
Figure 13 Small Size Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 14 Asia-Pacific to Witness Considerable Growth in Market By 2020
Figure 15 U.S. : Highly Prospective Market With Huge Investments
Figure 16 New Product Launches Have Fueled the Growth of Market in Last Four Years
Figure 17 Attractive Opportunities in Market, 2015-2020
Figure 18 Commercial Application Segment is Projected to Grow at the Highest Cagr, 2015-2020
Figure 19 Military Application Segment Expected to Capture the Highest Market Share Within APAC Region in 2015
Figure 20 India is Projected to Grow at the Highest Cagr From 2015 to 2020
Figure 21 Multicopters are Expected to Exhibit Positive Growth By 2020
Figure 22 The Small Size Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 23 Thermal System is Expected to Capture the Highest Market Share By 2020
Figure 24 Asia-Pacific Market to Soon Enter Rapid Growth Phase
Figure 25 Evolution of VTOL UAV
Figure 26 Global Market, By Application
Figure 27 Global VTOL UAV, By Type
Figure 28 Global Market, By Size
Figure 29 Global Market, By Propulsion System
Figure 30 Global Market, By Payload
Figure 31 Global Market, By Geography
Figure 32 Demand for VTOL UAV in Civil & Commercial Sector is Projected to Drive Market
Figure 33 Value Chain Analysis: Market
Figure 34 Supply Chain Analysis: Market
Figure 35 VTOL UAV: Enhanced New Technologies, Sets A Leading Trend in the Market
Figure 36 Porter’s Five Forces Analysis
Figure 37 Porter’s Five Forces Analysis: Factors Degree Summary
Figure 38 Growth in Commercial Application to Push the Demand of VTOL UAVs From 2015 to 2020
Figure 39 High Growth Rate is Expected in VTOL UAV Application Market By 2020
Figure 40 Market, By ISR Application, 2015 vs 2020
Figure 41 Market, By Communication Relay Application, 2015 vs 2020
Figure 42 Market, By Border Security & Monitoring Application, 2015 vs 2020
Figure 43 Market, By Combat Operations Application, 2015 vs 2020
Figure 44 Market, By Agriculture Application, 2015 vs 2020
Figure 45 Market, By Mapping & Surveying Application, 2015 vs 2020
Figure 46 Market, By Oil & Gas Application, 2015 vs 2020
Figure 47 Market, By Wildlife Research & Survey Application, 2015 vs 2020
Figure 48 Market, By Film & Television Industry Application, 2015 vs 2020
Figure 49 Market, By Photography Application, 2015 vs 2020
Figure 50 Market, By Search, Rescue & Disaster Management Application, 2015 vs 2020
Figure 51 Market, By Police Operations Application, 2015 vs 2020
Figure 52 Market, By Fire Fighting Application, 2015 vs 2020
Figure 53 Market, High Traffic Monitoring Application, 2015 vs 2020
Figure 54 Multicopter VTOL UAV Market 2015 vs 2020 (USD Million)
Figure 55 Helicopter VTOL UAV Market 2015 vs 2020 (USD Million)
Figure 56 Hybrid VTOL UAV Market 2015 vs 2020 (USD Million)
Figure 57 Demand for the Micro Sized Drone to Push the Market From 2015 to 2020
Figure 58 VTOL UAVs are Expected to See Steady Growth Until 2020
Figure 59 Large Size VTOL UAV Market, Value vs Volume, 2015 to 2020
Figure 60 Small Size VTOL UAV Market, Value vs Volume, 2015 to 2020
Figure 61 Medium Size VTOL UAV Market, Value vs Volume, 2015 to 2020
Figure 62 Micro Size VTOL UAV Market, Value vs Volume, 2015 to 2020
Figure 63 Hybrid Propulsion System Based Market Projected to Witness Promising Demand in the Near Future
Figure 64 Market, By Propulsion System, 2015 vs 2020
Figure 65 Market, By Thermal Propulsion System, 2013-2020 (USD Million)
Figure 66 Market, By Electrical Propulsion System, 2013-2020 (USD Million)
Figure 67 Market, By Hybrid Propulsion System, 2013-2020 (USD Million)
Figure 68 Market, By Solar Propulsion System, 2013-2020 (USD Million)
Figure 69 ISR Payload Segment of Market is Projected to Be the Potential Growth Pocket By 2020
Figure 70 Market By Sensors Payload, 2015 vs 2020 (USD Million)
Figure 71 North America is Estimated to Account for the Largest Market Share in the Market in 2015
Figure 72 APAC Countries are Projected to Witness Growth in the Market, By Application Type, 2015-2020
Figure 73 North America Snapshot: the U.S. is Expected to Lead the Market, in Terms of Market Share From 2015 to 2020
Figure 74 Europe Snapshot: Russia VTOL UAV Market is Projected to Witness the Fastest Growth From 2015 to 2020
Figure 75 Asia-Pacific Snapshot: China is Projected to Account for the Largest Share in the Fastest Growing Asia-Pacific VTOL UAV Market
Figure 76 Middle East Snapshot: Israel Will Be A Potential Market in the Region From 2015 to 2020
Figure 77 Latin America Snapshot: Brazil is Projected to Hold A Major Market Share in the VTOL UAV in the Region From 2015 to 2020
Figure 78 Africa Snapshot: Military Application is the Leading Segment for the Market in the Region From 2015 to 2020
Figure 79 Companies Adopted New Product Launches as the Key Growth Strategy Between 2011 and 2015
Figure 80 Israel Aerospace Industries Limited Was the Only Company Which Showed Positive Growth Between 2012 and 2014
Figure 81 Market Share Analysis, By Key Player, 2014
Figure 82 Market Share Analysis, By Region, 2014
Figure 83 Market has Witnessed Significant Growth Between 2012 and 2014
Figure 84 New Product Launches are Among the Key Growth Strategies Adopted Between 2011 to 2015
Figure 85 Geographic Revenue Mix of Top Three Market Players, 2014
Figure 86 Northrop Grumman Corporation: Business Overview
Figure 87 SWOT Analysis: Northrop Grumman Corporation
Figure 88 Lockheed Martin Corporation: Business Overview
Figure 89 Lockheed Martin Corporation: SWOT Analysis
Figure 90 Israel Aerospace Industries Ltd.: Business Overview
Figure 91 Israel Aerospace Industries Ltd.: SWOT Analysis
Figure 92 Aerovironment, Inc.: Business Overview
Figure 93 Aerovironment, Inc.: SWOT Analysis
Figure 94 SAAB AB: Business Overview
Figure 95 SAAB AB: SWOT Analysis
Figure 96 Textron Inc.: Business Overview
Figure 97 Textron, Inc.: SWOT Analysis
Figure 98 The Boeing Co. : Business Overview
Figure 99 The Boeing Company: SWOT Analysis

The global VTOL UAV market is estimated to be valued at USD 2,235.40 Million in 2015 and is projected to reach USD 5,500 Million by 2020, at a CAGR of 19.73% from 2015 to 2020. The growth in the market is attributed to factors such as increasing demand in commercial and law enforcement applications, better technological advancements, amended safety norms to perform complex operations with least human interventions, and reduced risks and cost associated with the use of VTOL UAVs.

The report discusses about the market opportunities that exist in the VTOL UAV over the forecast period, 2015-2020. We have segmented the VTOL UAV market based on application, by type, by size, by payloads. The report identifies the market opportunities for the above VTOL UAV across the five geographic sectors namely North America (NA), Latin America (LA), European Union (EU), Asia-Pacific (APAC), and Africa. Also, we have identified the major applications of VTOL UAV as military, Homeland Security, and Civil & Commercial.

The global VTOL UAV market is estimated to grow at a CAGR of 19.73% from 2015 to 2020. VTOL UAVs is the leading technology for Beyond Visual Line Of Sight (BVLOS), Global Navigation Satellite System (GNSS), and Remotely Piloted Aerial Systems (RPAS) for network asset and infrastructure inspection and maintenance. VTOL RPAS can be effectively used for oil and gas pipeline inspection, logistics, defense, rail and urban development industries. Manufacturers focus on producing VTOL RPAS UAVs with high-accuracy GNSS, both short-range and medium-range.

The U.S. Navy is aiming at developing UAVs which can be integrated with its fleet. The U.S. Armed Forces are also looking for versatile and lethal UAVs, such as Switchblade and swarms of robotic flies to enhance their capabilities. Along with the military sector, the commercial sector is also expected to offer increased growth opportunities for UAVs. The civil and commercial segment is expected to witness an increase in the usage of VTOL UAVs across various applications, after FAA releases rules and regulations pertaining to their usage in the civil airspace. However, currently many research and development programs are being undertaken by several business and educational organizations to develop and integrate VTOL UAVs with the current system for operations in civil and industrial applications.

From 2012 to 2015, major growth strategies adopted by companies in the VTOL UAV market included new product launches, which accounted for the largest share of 37%, followed by partnerships and collaborations, which accounted for a share of 28%. While contracts, and mergers & acquisitions accounted for 26%, and 9% respectively.

The VTOL UAV market is diversified and competitive, however, its influence is high in the North American and European regions. The market is dominated by key global players such as Northrop Grumman Corporation (U.S.), DJI (China), Lockheed Martin Corporation (U.S.), Israel Aerospace Industries Limited (Israel), Schiebel Corporation (Austria), AeroVironment, Inc. (U.S.), Turkish Aerospace Industries, Inc. (Turkey), Saab AB (Sweden), The Boeing Company (U.S.), Textron, Inc. (U.S.), Parrot SA (France), 3D Robotics, Inc. (U.S.), and Xaircraft Technology Co. Ltd (China).

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