Fixed-wing VTOL UAVs can fly autonomously or can be piloted remotely and play a significant role in the defense as well as commercial sectors. These UAVs sometimes feature independent or a combination of two propulsion systems. The fixed-wing VTOL UAV market includes various players, such as product manufacturers and solution providers. The 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%.
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. These players are focused on developing new products to enhance their product offerings across different applications by increasing their investment in R&D activities.
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ALTI UAS (South Africa) provides a single point of contact for all things VTOL and a wide range of multi-rotor, fixed-wing, and hybrid systems, payloads, and communication options. For the most demanding operations worldwide, they design, build, source, and provide industry-leading unmanned aircraft systems.
AeroVironment, Inc.(US) develops, manufactures, supports, and operates unmanned aircraft systems and electric transportation solutions. By acquiring Arturus UAV Inc. in 2021, the firm is catering to the fixed-wing VTOL UAV industry.
Textron Inc. (US) is a multi-industry company with a global network of aircraft, defense, industrial, and financial businesses that provides innovative products and solutions to customers across the globe. It also provides maintenance and business development services across the globe to support its products. The company’s fixed-wing VTOL UAV products are capable of intelligence, surveillance & reconnaissance, and border security missions.
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
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