Fixed-wing VTOL UAV Market

Fixed-wing VTOL UAV Market by Application (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW and Region - Global Forecast to 2030

Report Code: AS 7469 May, 2022, by marketsandmarkets.com

[265 Pages Report] The fixed-wing VTOL UAV market is estimated at USD 842 million in 2022 and is projected to reach USD 4,627 million by 2030, at a CAGR of 23.7% from 2022 to 2030. The rise in the adoption of technologically advanced runwayless unmanned aerial military platforms by defense forces is one of the most significant factors projected to drive the growth of the fixed-wing VTOL UAV market. The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, and product delivery, is also contributing to the growth of the market.

Fixed-wing VTOL UAV Market

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Fixed wing VTOL UAV Market Dynamics:

Driver:   Wide-scale use in civil & commercial applications

Fixed-wing VTOL UAVs are extensively used in various civil & commercial applications such as photography, product delivery, greenhouse emission monitoring, and wildlife research & preservation. They are also being used in the agriculture, real estate, mining, and oil & gas industries. In the agricultural sector, the use of UAVs has led to the evolution of precision farming, which enables farmers to monitor the health of crops, keep track of irrigation equipment, and identify different types of weeds, among others.
Rapid industrial developments in the US, China, France, and Japan have increased the demand for automation in various industries. Moreover, increased foreign investments and the transfer of technologies related to fixed-wing VTOL UAV platforms from developed economies to emerging economies are also expected to contribute to increased demand for them in civil & commercial applications. The growing use of these UAVs in civil & commercial applications due to their superior endurance and low operating costs has resulted in increased production, which is the primary factor driving the growth of the market. Threod Systems (Estonia), ALTI UAS (South Africa), Autel Robotics (US), Vertical Technologies (US), Quantum-Systems (Germany), and Wingtra (Switzerland) are significant players in the commercial UAV space.

Restraint: Lack of skilled & trained personnel for operation

Unlike conventional aircraft, personnel operating fixed-wing VTOL UAVs need to ensure the reliability of the entire unmanned aerial system, which includes UAVs, ground control stations, and communication equipment. These UAVs can fly at different altitudes but require pilots to control and operate them and skilled personnel for remote piloting. The number of pilots available for such high precision operations is comparatively low. An increase in drone adoption in the commercial and law enforcement & government applications adds to the growing need for skilled fixed-wing VTOL UAV pilots. Presently, to reduce the number of accidents caused due to the poor control skills of operators, efforts are being made to improve the autonomy of these systems, thereby reducing the involvement of human operators. Fixed-wing VTOL UAVs should be equipped with systems that offer them autonomous sense and avoid, the capability to avoid collisions during operation alongside manned aircraft in congested airspace and beyond the line of sight of ground control stations.

Opportunity: Increased deployment to carry out aerial remote sensing

Aerial remote sensing protects critical infrastructure such as military bases, government buildings, airports, and banks, among others. Fixed-wing VTOL UAVs offer prompt, efficient, and reliable services to police and military departments since they need to be ready to respond to any incident promptly and require quick and relevant information. These UAVs are a cost-effective option compared to manhours and help ensure public safety during investigations.

The Federal Aviation Administration provides limited authorization for UAVs in military and non-military operations. In California in 2016, about 20 law enforcement organizations from across the globe carried out an operational Small Unmanned Aerial Vehicle (SUAV) program in the US to encourage the use of UAVs in the maintenance of law and order. According to policeforum, 80% to 90% of police departments across the globe have low operational funds and prefer low-cost fixed-cost VTOL UAVs as an alternative to helicopters.

Challenge:Lack of proper air traffic management for UAVs

The ongoing programs to develop fixed-wing VTOL UAVs across different countries are progressing toward their operational applications, which is expected to an increase in their number. According to the Air Traffic Control Association (ATCA) (US), the use of UAVs in civil airspace is one of the significant challenges faced by the aviation industry in the country. Presently, commercial UAVs are prohibited from flying in civil airspace except for certain companies who have received exemptions to conduct tests or demonstration flights. For instance, in 2014, a leading Israel-based manufacturer of UAV simulators merged its UAV simulators with the Air Traffic Control (ATC) simulators of Adacel (Australia). This merger created an automated air traffic control environment for UAV simulation. It also provided an accurate and in-depth training environment for operators. In June 2019, AirMap (US), a leading Unmanned Traffic System provider, signed a strategic agreement with Raytheon Technologies Corporation (US) to work closely toward the integration of unmanned aerial vehicles into US commercial space.

Different air traffic management agencies across the globe need to establish common airworthiness requirements, air traffic regulations, standards, and derived procedures for the proper accommodation of these UAVs with minimal chances of collisions and accidents.     

Fixed-Wing Vtol Uav Market Ecosystem

Prominent companies and startups that provide fixed-wing VTOL UAVs and their services, distributors/suppliers/retailers, industrial sectors, and end customers are the key stakeholders in the fixed-wing VTOL UAV market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries using these UAVs serve as the major influencers in the market.

Fixed-wing VTOL UAV Market by Ecosystem

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The commercial application segment of the fixed-wing VTOL UAV market is projected to grow at the highest CAGR from 2022 to 2030

The fixed-wing VTOL UAV market has been segmented based on application, mode of operation, range, endurance, propulsion, MTOW, and region. Based on application, the fixed-wing VTOL UAV market has been classified into military, government & law enforcement, and commercial. The military application segment is expected to lead the fixed-wing VTOL market during the forecast period, which can be attributed to the increasing adoption of these UAVs in this application.

The <25 kilograms segment of the fixed-wing VTOL UAV market is estimated to have the largest share in 2022

Based on MTOW, the fixed-wing VTOL UAV market has been segmented in <25 kilograms, 25-170 kilograms, and >170 kilograms. The <25 kilograms segment is estimated to have the largest share in 2022. This can be attributed to the large number of manufacturers offering fixed-wing VTOL UAV products under this category as a large number of products required for commercial applications fall under this category.  

The >10 hours segment of the fixed-wing VTOL UAV market is estimated to have the highest CAGR during the forecasted period

Based on endurance, the fixed-wing VTOL UAV market has been segmented in <5 hours, 5-10 hours, and >10 hours. The >10 hours segment is projected to grow at the highest CAGR from 2022 to 2030. This growth can be attributed to the increasing demand for high-endurance fixed-wing VTOL UAVs in military and commercial applications.

North America is estimated to have the largest market in 2022 for fixed-wing VTOL UAV

North America is estimated to be the largest market for fixed-wing VTOL UAVs in 2022, followed by Asia Pacific and Europe. This is attributed to the high demand for fixed-wing VTOL UAVs from the US, for applications such as firefighting & disaster management, maritime security, agriculture, product delivery, and inspection & monitoring, among others.

Fixed-wing VTOL UAV Market by Region

Key Market Players 

ALTI UAS (South Africa), Ukrspecsystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Aerovironment, Inc (US), Textron (US), Lockheed Martin (US), and Latitude Engineering (US), among others, are key players operating in the fixed-wing VTOL UAV market.

ALTI UAS (South Africa) is one of the key players in this market. It offers a wide range of fixed-wing VTOL UAV with wide applications such as security & surveillance, mapping & photography, and agriculture, among others. Aerovironment, Inc (US) is another key manufacturer of these UAVs. The company offers products in this market for military applications. The company’s strategy for sustainable long-term growth involves undertaking joint ventures and partnerships.

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Scope of the Report

Report Metric

Details

Market size available for years

2019-2030

Base year considered

2021

Forecast period

2022-2030

Forecast units

Value (USD Million)

Segments covered

By MTOW, endurance, application, range, mode of operation, and propulsion type

Geographies covered

North America, Asia Pacific, Europe, the Middle East, Latin America and Africa

Companies covered

ALTI UAS (South Africa), Ukrspecsystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Aerovironment, Inc (US), Textron (US), Lockheed Martin (US), and Latitude Engineering (US) among Others

This research report categorizes the Fixed wing VTOL UAV Market based on MTOW, endurance, application, range, mode of operation, and propulsion type and region.

Fixed wing VTOL UAV Market, By MTOW

  • < 25 Kilograms
  • 25-170 Kilograms
  • > 170 kilograms

Fixed wing VTOL UAV Market, By Endurance

  • < 5 Hours
  • 5-10 Hours
  • > 10 Hours

Fixed wing VTOL UAV Market, By Application

  • Military
  • Government & Law Enforcement
  • Commercial

Fixed wing VTOL UAV Market, By Propulsion Type

  • Electric
  • Gasoline
  • Hybrid

Fixed wing VTOL UAV Market, By Mode of Operation

  • Remotely Piloted
  • Optionally Piloted
  • Fully Autonomous

Fixed wing VTOL UAV Market, By Range

  • Beyond Line of Sight
  • Extended Visual Line of Sight
  • Visual Line of Sight

Fixed wing VTOL UAV Market, By Region

  • North America
  •  Europe
  • Asia Pacific
  • Middle East
  • Latin America
  • Africa

Recent Developments

  • In January 2021, The Indian Army signed a contract with IdeaForge to purchase ‘undisclosed quantities’ of SWITCH high-altitude UAVs, which were delivered in January 2022.
  • In November 2019, ALTI UAS has launched a Search and Rescue version of the ALTI Transition VTOL UAV, which is designed for search and rescue missions. This VTOL UAV is compact, rapid, smart, advanced, and includes a unique vibration checking mount for the combustion engine, allowing up to 12 hours of durability per flight with a 900-km range.
  • In May 2019, Arcturus UAV formed a joint venture with Textron (US) and Insitu (US) to provide JUMP 20, a fixed fixed-wing UAV capable of vertical take-off and landing.
  • In March 2019, Vertical Technologies introduced the DeltaQuad Pro #INSPECT, a vertical take-off and landing drone (VTOL), which is designed for utilities, wildlife, and disaster inspection. This drone is capable of fully autonomous flight and can be deployed for powerline inspection, pipeline monitoring, vegetation control, wildlife monitoring, disaster area reconnaissance, and rail & road monitoring.
  • In February 2018, UKRSPECSystems introduced the PD-1 VTOL module, which is controlled by autopilots and drones in the fully automatic mode. The PD-1 VTOL module supports a wide range of equipment such as SAR, LIDAR, and radio repeaters.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 CURRENCY
           1.4.1 USD EXCHANGE RATES
    1.5 INCLUSIONS & EXCLUSIONS
           TABLE 1 FIXED-WING VTOL UAV MARKET: INCLUSIONS & EXCLUSIONS
           1.5.1 YEARS CONSIDERED
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA
           FIGURE 1 RESEARCH FLOW
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Insights from industry experts
                    2.1.2.3 Breakdown of primaries: by company type, designation, and region
                               TABLE 2 DETAILS OF PRIMARY INTERVIEWEES
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.5 ASSUMPTIONS
    2.6 RISK ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 54)
    FIGURE 6 COMMERCIAL SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 7 BEYOND LINE OF SIGHT UAVS PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 8 NORTH AMERICA TO DOMINATE FIXED-WING VTOL UAV MARKET IN 2022

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN FIXED-WING VTOL UAV MARKET
           FIGURE 9 INCREASING USE IN COMMERCIAL AND MILITARY VERTICALS TO DRIVE MARKET FROM 2022 TO 2030
    4.2 FIXED-WING VTOL UAV MARKET, BY PROPULSION
           FIGURE 10 ELECTRIC PROPULSION TO LEAD FIXED-WING VTOL UAV MARKET FROM 2022 TO 2030
    4.3 FIXED-WING VTOL UAV MARKET, BY MTOW
           FIGURE 11 < 5 HOURS SEGMENT TO HOLD LARGEST SHARE FROM 2022 TO 2030
    4.4 FIXED-WING VTOL UAV MARKET, BY COUNTRY
           FIGURE 12 CANADA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 13 FIXED-WING VTOL UAV MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Wide-scale use in civil & commercial applications
                    5.2.1.2 Increasing use in military and counter-terrorism applications
                    5.2.1.3 Use in advanced patrolling of marine borders
                    5.2.1.4 Higher accuracy in package delivery
                    5.2.1.5 Demand for safe & accurate inspection & monitoring
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of skilled & trained personnel for operation
                    5.2.2.2 Issues related to drone safety and security
                    5.2.2.3 Limited political and social acceptability of UAVs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increased deployment to carry out aerial remote sensing
                    5.2.3.2 Technological developments in drone payloads
                    5.2.3.3 Advances in LiDAR technology for commercial drones
                    5.2.3.4 Use in cargo delivery in military and commercial applications
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of proper air traffic management for UAVs
                    5.2.4.2 Restrictions on commercial use in various countries
                               TABLE 3 RESTRICTIONS IMPOSED ON USE OF UAVS IN VARIOUS COUNTRIES
                    5.2.4.3 Limited consumer acceptance and auditory disturbance from UAVs
                    5.2.4.4 Possible threats to safety and violation of privacy
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR FIXED-WING VTOL UAV MARKET
                    FIGURE 14 REVENUE SHIFT IN FIXED-WING VTOL UAV MARKET
    5.4 FIXED-WING VTOL UAV MARKET ECOSYSTEM
           5.4.1 PROMINENT COMPANIES
           5.4.2 PRIVATE AND SMALL ENTERPRISES
           5.4.3 START-UPS
           5.4.4 END USERS
                    FIGURE 15 FIXED-WING VTOL UAV MARKET ECOSYSTEM MAP
                    TABLE 4 FIXED-WING VTOL UAV MARKET ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 AI IN DRONES
                    TABLE 5 COMPANIES WORKING TOWARD DEVELOPMENT OF DRONE SOFTWARE WITH AI
                    TABLE 6 COMPANIES WORKING TOWARD DEVELOPMENT OF DRONE EQUIPMENT WITH AI
           5.5.2 SENSE AND AVOID TECHNOLOGY TO DEVELOP THINKING DRONES
    5.6 USE CASE ANALYSIS
           5.6.1 TRANSFER OF MEDICAL PRESCRIPTIONS USING DRONES FROM MANNA AERO
                    TABLE 7 MANNA AERO DELIVERS ESSENTIAL SUPPLIES IN RURAL AREAS
           5.6.2 DELIVERY DRONES USED TO REACH PATIENTS IN REMOTE AREAS OF MALAWI
                    TABLE 8 BI-DIRECTIONAL DELIVERY OF MEDICAL SUPPLIES USING DRONES TO ACHIEVE LAST-MILE DELIVERY
           5.6.3 USE CASE: DRONES IN AGRICULTURAL SECTOR
           5.6.4 USE CASE: DRONE IN URBAN PLANNING
    5.7 VALUE CHAIN ANALYSIS OF FIXED-WING VTOL UAV MARKET
           FIGURE 16 VALUE CHAIN ANALYSIS
    5.8 PRICING ANALYSIS
           FIGURE 17 PRICES OF FIXED-WING VTOL UAVS
    5.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 9 FIXED-WING VTOL UAV MARKET: PORTER’S FIVE FORCE ANALYSIS
           FIGURE 18 FIXED-WING VTOL UAV MARKET: PORTER’S FIVE FORCE ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.1 KEY STAKEHOLDERS & BUYING CRITERIA
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 19 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS
                     TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%)
           5.10.2 BUYING CRITERIA
                     FIGURE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                     TABLE 11 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.11 TARIFF AND REGULATORY LANDSCAPE
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 16 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 17 DRONE REGULATION AND APPROVALS FOR COMMERCIAL SECTOR: BY COUNTRY
           5.11.2 NORTH AMERICA
                    5.11.2.1 US
                                TABLE 18 US: RULES AND GUIDELINES BY FAA FOR OPERATION OF DRONES
                    5.11.2.2 Canada
                                TABLE 19 CANADA: RULES AND GUIDELINES FOR OPERATION OF DRONES
           5.11.3 EUROPE
                    5.11.3.1 UK
                                TABLE 20 UK: RULES AND GUIDELINES BY CAA FOR OPERATION OF DRONES
                    5.11.3.2 Germany
                                TABLE 21 GERMANY: RULES AND GUIDELINES FOR OPERATION OF DRONES
                    5.11.3.3 France
                                TABLE 22 FRANCE: RULES AND GUIDELINES FOR OPERATION OF DRONES
    5.12 TRADE DATA ANALYSIS
           TABLE 23 US, CHINA, AND ISRAEL: IMPORT AND EXPORT STATISTICS FOR MILITARY DRONES
    5.13 KEY CONFERENCES & EVENTS IN 2022-2023
           TABLE 24 FIXED-WING VTOL UAV MARKET: CONFERENCES & EVENTS

6 INDUSTRY TRENDS (Page No. - 92)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY TRENDS
           6.2.1 UAVS WITH AI
           6.2.2 3D PRINTED UAVS
           6.2.3 ADVANCED MATERIAL-BASED UAVS
           6.2.4 MULTISENSORY UAV PAYLOAD SYSTEMS
           6.2.5 WIRELESSLY CHARGED COMMERCIAL DRONES
           6.2.6 UAVS FOR CLOUD INFRASTRUCTURE
           6.2.7 ENDURANCE IN UAVS
           6.2.8 MACHINE LEARNING-BASED ANALYTICS FOR UAV-BASED COMMUNICATION
           6.2.9 SWARM UAVS
           6.2.10 WIRELESS CHARGING
           6.2.11 COMPUTER VISION
    6.3 SUPPLY CHAIN ANALYSIS
           FIGURE 21 SUPPLY CHAIN ANALYSIS
    6.4 IMPACT OF MEGATRENDS
           6.4.1 MITIGATING ISSUES OF CLIMATE CHANGE AND DEFORESTATION
           6.4.2 REDUCING ENVIRONMENTAL IMPACT OF DELIVERY VEHICLES
           6.4.3 EXTENDING REACH OF MOBILE IOT
    6.5 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 25 INNOVATION & PATENT REGISTRATIONS (2020-2021)

7 FIXED-WING VTOL UAV MARKET, BY APPLICATION (Page No. - 100)
    7.1 INTRODUCTION
           FIGURE 22 COMMERCIAL APPLICATIONS PROJECTED TO LEAD MARKET FROM 2022 TO 2030
           TABLE 26 FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 27 FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
    7.2 MILITARY
           TABLE 28 MILITARY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 29 MILITARY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
           7.2.1 INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE (ISR)
                    7.2.1.1 Development of advanced surveillance fuels market growth
           7.2.2 COMBAT OPERATIONS
                    7.2.2.1 Precise targeting of enemy activities contributes to global demand
           7.2.3 BATTLE DAMAGE MANAGEMENT
                    7.2.3.1 R&D to develop unmanned aerial platforms to reduce collateral damage on the rise
    7.3 GOVERNMENT & LAW ENFORCEMENT
           TABLE 30 GOVERNMENT & LAW ENFORCEMENT: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 31 GOVERNMENT & LAW ENFORCEMENT: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
           7.3.1 BORDER MANAGEMENT
                    7.3.1.1 Segment driven by development of specialized border management UAVs
           7.3.2 TRAFFIC MONITORING
                    7.3.2.1 Increased real-time monitoring to track accidents fuels growth
           7.3.3 FIREFIGHTING & DISASTER MANAGEMENT
                    7.3.3.1 Segment driver - demand for higher payload capacity in firefighting & disaster management activities
           7.3.4 SEARCH & RESCUE
                    7.3.4.1 Accessibility to isolated areas results in increased use in search & rescue operations
           7.3.5 POLICE OPERATIONS & INVESTIGATIONS
                    7.3.5.1 Growth driven by use of advanced UAVs in crime scene investigation
           7.3.6 MARITIME SECURITY
                    7.3.6.1 Demand for coastal surveillance using unmanned aerial platforms boosts segment
    7.4 COMMERCIAL
           TABLE 32 COMMERCIAL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 33 COMMERCIAL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
           7.4.1 REMOTE SENSING
                    7.4.1.1 Development of high-altitude fixed-wing VTOL UAVs leads to increased use in remote sensing applications
           7.4.2 INSPECTION & MONITORING
                    7.4.2.1 Need for quick inspection & monitoring activities in oil & gas and mining drives demand
           7.4.3 PRODUCT DELIVERY
                    7.4.3.1 Increasing demand for product delivery
           7.4.4 SURVEYING & MAPPING
                    7.4.4.1 Low operational costs drive segment
           7.4.5 AERIAL IMAGING
                    7.4.5.1 Segment driver - Increasing use in film industry and journalism
           7.4.6 AGRICULTURE
                    7.4.6.1 Increasing demand for precision agriculture applications boosts segment
           7.4.7 OTHERS
                    7.4.7.1 Ability to carry out rapid inspections and reach unattainable heights fuels global demand

8 FIXED-WING VTOL UAV MARKET, BY ENDURANCE (Page No. - 111)
    8.1 INTRODUCTION
           FIGURE 23 <5 HOURS SEGMENT TO LEAD FIXED-WING VTOL UAV MARKET FROM 2022 TO 2030
           TABLE 34 FIXED-WING VTOL UAV MARKET, BY ENDURANCE, 2019–2021 (USD MILLION)
           TABLE 35 FIXED-WING VTOL UAV MARKET, BY ENDURANCE, 2022–2030 (USD MILLION)
    8.2 <5 HOURS
           8.2.1 DEMAND INCREASING IN SURVEYING & MAPPING APPLICATIONS
    8.3 5-10 HOURS
           8.3.1 COMMERCIAL AND MILITARY APPLICATIONS: MAJOR SEGMENTS
    8.4 >10 HOURS
           8.4.1 DEMAND FROM MILITARY AND GOVERNMENT & LAW ENFORCEMENT APPLICATIONS ON THE RISE

9 FIXED-WING VTOL UAV MARKET, BY MTOW (Page No. - 114)
    9.1 INTRODUCTION
           FIGURE 24 <25 KG MTOW SEGMENT TO DOMINATE MARKET FROM 2022 TO 2030
           TABLE 36 FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
           TABLE 37 FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
    9.2 <25 KILOGRAMS
           9.2.1 POPULARITY DRIVEN BY EASE OF AVAILABILITY
    9.3 25-170 KILOGRAMS
           9.3.1 SEGMENT DRIVEN BY GROWTH IN MILITARY APPLICATIONS
    9.4 >170 KILOGRAMS
           9.4.1 GEOPOLITICAL TENSIONS DRIVE SEGMENT DEMAND

10 FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION (Page No. - 117)
     10.1 INTRODUCTION
           FIGURE 25 FULLY AUTONOMOUS SEGMENT TO COMMAND MARKET DURING FORECAST PERIOD
           TABLE 38 FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)
           TABLE 39 FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION, 2022–2030 (USD MILLION)
     10.2 REMOTELY PILOTED
             10.2.1 INCREASING DEMAND FOR AERIAL EXPLORATION ACTIVITIES TO FUEL SEGMENT
     10.3 OPTIONALLY PILOTED
             10.3.1 RISING USE IN MILITARY AND COMMERCIAL APPLICATIONS
     10.4 FULLY AUTONOMOUS
             10.4.1 RISING DEPLOYMENT FOR HIGH-ALTITUDE APPLICATIONS BOOSTS GROWTH

11 FIXED-WING VTOL UAV MARKET, BY PROPULSION (Page No. - 121)
     11.1 INTRODUCTION
           FIGURE 26 ELECTRIC PROPULSION SEGMENT TO GROW FASTEST DURING FORECAST PERIOD
           TABLE 40 FIXED-WING VTOL UAV MARKET, BY PROPULSION, 2019–2021 (USD MILLION)
           TABLE 41 FIXED-WING VTOL UAV MARKET, BY PROPULSION, 2022–2030 (USD MILLION)
     11.2 ELECTRIC
             11.2.1 INCREASING DEMAND FOR MAINTENANCE-FREE PROPULSION DRIVES SEGMENT
     11.3 HYBRID
             11.3.1 HYBRID PROPULSION: WIDELY USED IN MILITARY AND COMMERCIAL APPLICATIONS
     11.4 GASOLINE
             11.4.1 INCREASING DEMAND FOR HEAVYWEIGHT FIXED-WING VTOL MAY BOOST DEMAND

12 FIXED-WING VTOL UAV MARKET, BY RANGE (Page No. - 124)
     12.1 INTRODUCTION
           FIGURE 27 BLOS RANGE SEGMENT PROJECTED TO LEAD BETWEEN 2022 AND 2030
           TABLE 42 FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
           TABLE 43 FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
     12.2 VISUAL LINE OF SIGHT (VLOS)
             12.2.1 DEMAND DRIVEN DUE TO EASE OF USE AND COST-EFFECTIVENESS
     12.3 EXTENDED VISUAL LINE OF SIGHT (EVLOS)
             12.3.1 INCREASING APPLICATION IN COMMERCIAL AND MILITARY SECTORS BOOSTS SEGMENT
     12.4 BEYOND LINE OF SIGHT (BLOS)
             12.4.1 DEMAND DRIVEN BY DEPLOYMENT IN SEARCH & RESCUE OPERATIONS

13 FIXED-WING VTOL UAV AFTERMARKET (Page No. - 127)
     13.1 MAINTENANCE, REPAIR, AND OVERHAUL (MRO)
     13.2 REPLACEMENT
     13.3 SIMULATION & TRAINING
     13.4 HIGH DEMAND FOR AFTERMARKET SERVICES TO MAINTAIN AND UPGRADE UAVS

14 REGIONAL ANALYSIS (Page No. - 129)
     14.1 INTRODUCTION
             FIGURE 28 NORTH AMERICA DOMINATES FIXED-WING VTOL UAV MARKET
             TABLE 44 FIXED-WING VTOL UAV MARKET, BY REGION, 2019–2021 (USD MILLION)
             TABLE 45 FIXED-WING VTOL UAV MARKET, BY REGION, 2022–2030 (USD MILLION)
     14.2 NORTH AMERICA
             14.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 29 NORTH AMERICA: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 46 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 47 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 48 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 49 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 50 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 51 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 52 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 53 NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.2.2 US
                        14.2.2.1 Increasing adoption in commercial and military applications drives market
                                     TABLE 54 US: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 55 US: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 56 US: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 57 US: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 58 US: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 59 US: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.2.3 CANADA
                        14.2.3.1 Stringent regulations and licensing requirements restrain market growth
                                     TABLE 60 CANADA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 61 CANADA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 62 CANADA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 63 CANADA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 64 CANADA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 65 CANADA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
     14.3 EUROPE
             14.3.1 PESTLE ANALYSIS: EUROPE
                        FIGURE 30 EUROPE: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 66 EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 67 EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 68 EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 69 EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 70 EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 71 EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 72 EUROPE: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 73 EUROPE: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.3.2 UK
                        14.3.2.1 Technological advancements and changing regulatory policies expected to drive market
                                     TABLE 74 UK: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 75 UK: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 76 UK: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 77 UK: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 78 UK: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 79 UK: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.3 FRANCE
                        14.3.3.1 Government initiatives to support development of fixed-wing VTOL UAV capabilities fuel market
                                     TABLE 80 FRANCE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 81 FRANCE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 82 FRANCE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 83 FRANCE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 84 FRANCE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 85 FRANCE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.4 GERMANY
                        14.3.4.1 Increasing demand for logistics and delivery services by advanced aerial platforms boosts market
                                     TABLE 86 GERMANY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 87 GERMANY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 88 GERMANY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 89 GERMANY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 90 GERMANY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 91 GERMANY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.5 ITALY
                        14.3.5.1 Market driver - rising demand for UAS for border surveillance, intelligence gathering, and maritime patrol
                                     TABLE 92 ITALY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 93 ITALY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 94 ITALY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 95 ITALY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 96 ITALY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 97 ITALY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.6 RUSSIA
                        14.3.6.1 Increasing spending on procurement of technologically advanced unmanned aerial platforms by armed forces
                                     TABLE 98 RUSSIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 99 RUSSIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 100 RUSSIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 101 RUSSIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 102 RUSSIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 103 RUSSIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.7 SWEDEN
                        14.3.7.1 Procurement of advanced unmanned platforms for commercial applications drives market
                                     TABLE 104 SWEDEN: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 105 SWEDEN: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 106 SWEDEN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 107 SWEDEN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 108 SWEDEN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 109 SWEDEN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.3.8 REST OF EUROPE
                        14.3.8.1 Commercial applications to witness high growth in Rest of Europe
                                     TABLE 110 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 111 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 112 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 113 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 114 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 115 REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
     14.4 ASIA PACIFIC
             14.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 31 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 116 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 117 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 121 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 122 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 123 ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.4.2 CHINA
                        14.4.2.1 Growing adoption for military applications fuels growth
                                     TABLE 124 CHINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 125 CHINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 126 CHINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 127 CHINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 128 CHINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 129 CHINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.4.3 JAPAN
                        14.4.3.1 Use in monitoring, spraying, and surveying applications in Japan drives demand
                                     TABLE 130 JAPAN: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 131 JAPAN: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 132 JAPAN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 133 JAPAN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 134 JAPAN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 135 JAPAN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.4.4 INDIA
                        14.4.4.1 Increasing demand for advanced military UAVs leading to indigenous development
                                     TABLE 136 INDIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 137 INDIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 138 INDIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 139 INDIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 140 INDIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 141 INDIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.4.5 SOUTH KOREA
                        14.4.5.1 Adoption by armed forces in surveillance and monitoring applications drives market
                                     TABLE 142 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 143 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 144 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 145 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 146 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 147 SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.4.6 AUSTRALIA
                        14.4.6.1 Growing use for commercial applications boosts demand in Australia
                                     TABLE 148 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 149 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 150 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 151 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 152 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 153 AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.4.7 REST OF ASIA PACIFIC
                        TABLE 154 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 155 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 156 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 157 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 158 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 159 REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
     14.5 MIDDLE EAST
             14.5.1 PESTLE ANALYSIS: MIDDLE EAST
                        FIGURE 32 MIDDLE EAST: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 160 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 161 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 162 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 163 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 164 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 165 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 166 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 167 MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.5.2 SAUDI ARABIA
                        14.5.2.1 Increasing demand for ISR drives market
                                     TABLE 168 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 169 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 170 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 171 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 172 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 173 SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.5.3 ISRAEL
                        14.5.3.1 Increased spending on R&D for military and commercial applications drives market
                                     TABLE 174 ISRAEL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 175 ISRAEL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 176 ISRAEL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 177 ISRAEL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 178 ISRAEL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 179 ISRAEL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.5.4 TURKEY
                        14.5.4.1 Increasing focus on indigenization of platforms and subsystems fuels market
                                     TABLE 180 TURKEY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 181 TURKEY: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 182 TURKEY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 183 TURKEY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 184 TURKEY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 185 TURKEY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.5.5 UAE
                        14.5.5.1 Market driven by increasing procurement for law enforcement applications
                                     TABLE 186 UAE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 187 UAE: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 188 UAE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 189 UAE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 190 UAE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 191 UAE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.5.6 REST OF MIDDLE EAST
                        14.5.6.1 Flexible drone regulations fuel market
                                     TABLE 192 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 193 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 194 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 195 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 196 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 197 REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
     14.6 LATIN AMERICA
             14.6.1 PESTLE ANALYSIS – LATIN AMERICA
                        FIGURE 33 LATIN AMERICA: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 198 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 199 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 200 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 201 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 202 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 203 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 204 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 205 LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.6.2 BRAZIL
                        14.6.2.1 Use for monitoring and intelligence gathering drives market
                                     TABLE 206 BRAZIL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 207 BRAZIL: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 208 BRAZIL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 209 BRAZIL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 210 BRAZIL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 211 BRAZIL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.6.3 MEXICO
                        14.6.3.1 Increased use for surveillance and public safety applications – major driver
                                     TABLE 212 MEXICO: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 213 MEXICO: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 214 MEXICO: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 215 MEXICO: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 216 MEXICO: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 217 MEXICO: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.6.4 ARGENTINA
                        14.6.4.1 Deployment by government authorities for quick development of hospitals during COVID-19
                                     TABLE 218 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 219 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 220 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 221 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 222 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 223 ARGENTINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.6.5 REST OF LATIN AMERICA
                        14.6.5.1 Adoption for surveillance and agricultural activities boosts demand
                                     TABLE 224 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 225 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 226 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 227 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 228 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 229 REST OF LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
     14.7 AFRICA
             14.7.1 PESTLE ANALYSIS - AFRICA
                        FIGURE 34 AFRICA: FIXED-WING VTOL UAV MARKET SNAPSHOT
                        TABLE 230 AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 231 AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                        TABLE 232 AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                        TABLE 233 AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                        TABLE 234 AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                        TABLE 235 AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
                        TABLE 236 AFRICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 237 AFRICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
             14.7.2 SOUTH AFRICA
                        14.7.2.1 Increased focus of government on UAV-based initiatives contributes to market growth
                                     TABLE 238 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 239 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 240 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 241 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 242 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 243 SOUTH AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.7.3 NIGERIA
                        14.7.3.1 Healthcare deliveries in rugged landscapes to drive market
                                     TABLE 244 NIGERIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 245 NIGERIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 246 NIGERIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 247 NIGERIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 248 NIGERIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 249 NIGERIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)
             14.7.4 REST OF AFRICA
                        14.7.4.1 Demand for supply of COVID-19 vaccines during pandemic fuels market
                                     TABLE 250 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 251 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
                                     TABLE 252 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2019–2021 (USD MILLION)
                                     TABLE 253 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2022–2030 (USD MILLION)
                                     TABLE 254 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2019–2021 (USD MILLION)
                                     TABLE 255 REST OF AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2022–2030 (USD MILLION)

15 COMPETITIVE LANDSCAPE (Page No. - 209)
     15.1 INTRODUCTION
             TABLE 256 KEY DEVELOPMENTS BY LEADING PLAYERS BETWEEN 2018 AND 2022
     15.2 MARKET SHARE ANALYSIS
             FIGURE 35 FIXED-WING VTOL UAV: MARKET SHARE ANALYSIS
             TABLE 257 FIXED-WING VTOL UAV MARKET: DEGREE OF COMPETITION
     15.3 COMPANY EVALUATION QUADRANT
             15.3.1 STAR
             15.3.2 PERVASIVE
             15.3.3 EMERGING LEADER
             15.3.4 PARTICIPANT
                        FIGURE 36 FIXED-WING VTOL UAV MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021
     15.4 START-UP EVALUATION QUADRANT
             15.4.1 PROGRESSIVE COMPANIES
             15.4.2 RESPONSIVE COMPANIES
             15.4.3 STARTING BLOCKS
             15.4.4 DYNAMIC COMPANIES
                        FIGURE 37 FIXED-WING VTOL UAV MARKET COMPETITIVE LEADERSHIP MAPPING (SME)
                        TABLE 258 FIXED-WING VTOL UAV MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 259 FIXED-WING VTOL UAV MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
                        15.4.4.1 Competitive benchmarking
                        TABLE 260 COMPANY PRODUCT FOOTPRINT (25 COMPANIES)
                        TABLE 261 COMPANY APPLICATION FOOTPRINT
                        TABLE 262 COMPANY PRODUCT FOOTPRINT
                        TABLE 263 COMPANY REGION FOOTPRINT
     15.5 COMPETITIVE SCENARIO AND TRENDS
             15.5.1 PRODUCT LAUNCHES
                        TABLE 264 FIXED-WING VTOL UAV MARKET: PRODUCT LAUNCHES, 2018–APRIL 2022
             15.5.2 DEALS
                        TABLE 265 FIXED-WING VTOL UAV MARKET: DEALS, 2018–APRIL 2022

16 COMPANY PROFILES (Page No. - 225)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) * 
     16.1 INTRODUCTION
     16.2 KEY PLAYERS
             16.2.1 ALTI UAS
                        TABLE 266 ALTI UAS: BUSINESS OVERVIEW
                        TABLE 267 ALTI UAS: PRODUCT LAUNCHES
             16.2.2 UKRSPECSYSTEMS LLC
                        TABLE 268 UKRSPECSYSTEMS LLC: BUSINESS OVERVIEW
                        TABLE 269 UKRSPECSYSTEMS LLC: PRODUCT LAUNCHES
             16.2.3 AEROVIRONMENT, INC
                        TABLE 270 AEROVIRONMENT, INC: BUSINESS OVERVIEW
                        FIGURE 38 AEROVIRONMENT, INC.: COMPANY SNAPSHOT
                        TABLE 271 AEROVIRONMENT, INC.: DEALS
             16.2.4 LOCKHEED MARTIN CORPORATION
                        TABLE 272 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 39 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
             16.2.5 TEXTRON INC.
                        TABLE 273 TEXTRON, INC.: BUSINESS OVERVIEW
                        FIGURE 40 TEXTRON, INC.: COMPANY SNAPSHOT
             16.2.6 VERTICAL TECHNOLOGIES
                        TABLE 274 VERTICAL TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 275 VERTICAL TECHNOLOGIES: DEALS
             16.2.7 CARBONIX
                        TABLE 276 CARBONIX: BUSINESS OVERVIEW
                        TABLE 277 CARBONIX: DEALS
             16.2.8 ZEROTECH
                        TABLE 278 ZEROTECH: BUSINESS OVERVIEW
             16.2.9 IDEAFORGE
                        TABLE 279 IDEAFORGE: BUSINESS OVERVIEW
                        TABLE 280 IDEAFORGE: DEALS
             16.2.10 QUANTUM SYSTEMS GMBH
                        TABLE 281 QUANTUM-SYSTEMS GMBH: BUSINESS OVERVIEW
                        TABLE 282 QUANTUM-SYSTEMS GMBH: PRODUCT LAUNCHES
             16.2.11 BLUEBIRD AERO SYSTEMS LTD
                        TABLE 283 BLUEBIRD AERO SYSTEMS LTD: BUSINESS OVERVIEW
                        TABLE 284 BLUEBIRD AERO SYSTEMS LTD.: DEALS
             16.2.12 AUTELROBOTICS
                        TABLE 285 AUTEL ROBOTICS: BUSINESS OVERVIEW
             16.2.13 THREOD SYSTEMS
                        TABLE 286 THREOD SYSTEMS: BUSINESS OVERVIEW
             16.2.14 SUNBIRDS
                        TABLE 287 SUNBIRDS: BUSINESS OVERVIEW
             16.2.15 LATITUDE ENGINEERING
                        TABLE 288 LATITUDE ENGINEERING: BUSINESS OVERVIEW
                        TABLE 289 LATITUDE ENGINEERING: DEALS
             16.2.16 HEIGHT TECHNOLOGIES
                        TABLE 290 HEIGHT TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 291 HEIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     16.3 OTHER PLAYERS
             16.3.1 A-TECHSYN
                        TABLE 292 A-TECHSYN: COMPANY OVERVIEW
             16.3.2 ULC ROBOTICS
                        TABLE 293 ULC ROBOTICS: COMPANY OVERVIEW
             16.3.3 AVY
                        TABLE 294 AVY: COMPANY OVERVIEW
             16.3.4 ELROY AIR
                        TABLE 295 ELROY AIR: COMPANY OVERVIEW
             16.3.5 WINGTRA
                        TABLE 296 WINGTRA: COMPANY OVERVIEW
             16.3.6 CHALLENGER AEROSPACE SYSTEMS
                        TABLE 297 CHALLENGER AEROSPACE SYSTEMS: COMPANY OVERVIEW
             16.3.7 FLIGHTWAVE AEROSPACE SYSTEMS
                        TABLE 298 FLIGHTWAVE AEROSPACE SYSTEMS: COMPANY OVERVIEW
             16.3.8 AZUR DRONES SAS
                        TABLE 299 AZUR DRONES SAS: COMPANY OVERVIEW
             16.3.9 ATMOS UAV
                        TABLE 300 ATMOS UAV: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies. 

17 APPENDIX (Page No. - 259)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS 

Exhaustive secondary research was undertaken to collect information on the fixed-wing VTOL UAV market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Drones Journals & Magazines were referred to, to identify and collect information for this study. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

The fixed-wing VTOL UAV market comprises several stakeholders, such as raw material suppliers, processors, and regulatory organizations in the supply chain. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Fixed-wing VTOL UAV Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the fixed-wing VTOL UAV market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size included the following.

  • Key players in the market were identified through secondary research, and their market ranking determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, and analyzed by MarketsandMarkets and presented in this report.

Bottom- Up Approach

The bottom-up approach was employed to arrive at the overall size of the global fixed-wing VTOL UAV market. It was also implemented to extract data from secondary research to validate the revenue of various market segments. The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the size of the market and each segment were determined and confirmed.

Steps involved in the bottom-up approach:

Step – 1

Initially, the parent UAV market demand was estimated for military, commercial, and government & law enforcement applications using the bottom-up approach. Independent demand for each vertical was identified, and market numbers for each vertical were identified. 

Global UAV Market = Military + Government & Law Enforcement + Commercial + Consumer

Estimating the market size for the military vertical was carried out by considering several parameters such as the % spent on UAVs, new contracts, current or future UAV programs, defense budget analysis, and current UAV inventory. These parameters were studied for each country considered. The country-level market size was arrived at, the other summation of which led to the global numbers by adding all country-wise market sizes.

The estimation of the market size for the commercial vertical was triangulated using three approaches simultaneously. The sales data of commercial drones was estimated and multiplied by the average selling price to arrive at the final numbers. The second approach used the total investment in the drone industry between 2019 and 2021 and the estimated investment until 2030. This investment consists of research & development and procurement as major parameters. The procurement was considered, and the global numbers were obtained. A revenue analysis of companies was carried out for the last few years, and year-on-year growth was considered to forecast the revenue of commercial drone manufacturers. Triangulations of these three approaches helped us arrive at a global market size for the commercial vertical.

The estimation of the market size for the government & law enforcement vertical was based on the supply chain analysis. The drones used in this vertical are manufactured by companies operating in the military and commercial verticals. According to the revenue generated by the sale of drones for government & law enforcement verticals, the revenue split among military and commercial drone manufacturers was obtained and summing those led to the market size of the government & law enforcement verticals.

Step – 2

The breakdown of the global fixed-wing VTOL UAV market was carried out from the parent UAV market based on different pointers such as products offered by different manufacturers, verticals adopting fixed-wing VTOL UAVs, and contracts and new product developments.

Step – 3

An independent analysis of each vertical was carried out based on different applications; for example, the military vertical covers intelligence, surveillance, reconnaissance (ISR), combat operations, and battlefield management. Each application was analyzed using matrix modeling based on the chosen parameters to arrive at a percentage adoption of fixed-wing VTOL UAVs in that application. A similar methodology was repeated for the commercial and government & law enforcement verticals.

Step – 4

Data triangulation was carried out using the three steps mentioned above to arrive at the final size of the fixed-wing VTOL UAV market.

Market Size Estimation: Bottom-Up

Fixed-wing VTOL UAV Market Size, and Bottom-Up

Top-Down Approach

  • In the top-down approach, the size of the fixed-wing VTOL UAV market was used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. To calculate the size of specific market segments, the size of the most appropriate immediate parent market was used to implement the top-down approach. The bottom-up approach was also implemented to validate the revenue obtained for various market segments.
  • Market share was estimated for each company to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the size of the parent market and each segment was determined and confirmed in this study.

Market Size Estimation: Top-Down

Fixed-wing VTOL UAV Market Size, and Top-Down

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides in the fixed-wing VTOL UAV industry.

Report Objectives

  • To define, segment, and project the global market size for fixed-wing VTOL UAVs
  • To understand the structure of the fixed-wing VTOL UAV market by identifying the subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, challenges, and industry-specific challenges)
  • To analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the five regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze competitive developments such as new product launches, contracts, agreements, acquisition, collaboration, and joint ventures in the fixed-wing VTOL UAV market

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
AS 7469
Published ON
May, 2022
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