Fixed-wing VTOL UAV Market

ALTI UAS (South Africa) and Arcturus UAV (US) are Leading Players in the Fixed-wing VTOL UAV Market

Fixed-wing VTOL UAVs are fixed-wing aircraft that take off and land vertically. These vehicles can fly autonomously or can be piloted remotely and play a significant role in the defense as well as commercial sectors. The fixed-wing VTOL UAV market is estimated at USD 498 million in 2019 and is projected to reach USD 3,583 million by 2030, at a CAGR of 19.7% from 2019 to 2030. The increasing adoption of fixed-wing VTOL UAVs for commercial applications such as product delivery, agriculture, aerial imaging, and inspection & monitoring, among others, is one of the factors driving the growth of the fixed-wing VTOL UAV market. The increasing use of fixed-wing drone to carry out advanced patrolling of marine borders is also a significant factor projected to drive the growth of the market.

ALTI UAS (South Africa), UKRSPECSystems (Ukraine), Threod Systems (Estonia), Quantum Systems (Germany), Vertical Technologies (Netherlands), Arcturus UAV (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) is one of the key players in the fixed-wing VTOL UAV market. The company offers a wide range of fixed-wing VTOL UAVs with wide applications such as security & surveillance, mapping & photography, and agriculture,among others. In November 2018, the company launched a Search and Rescue version of the ALTI Transition VTOL UAV which is designed for search and rescue missions. It also intends to expand its core business by developing new products in the UAV market. The company has excellent R&D capabilities and a strong brand image in the fixed-wing VTOL UAV market.

Arcturus UAV (US) is one of the key manufacturers in the fixed-wing VTOL UAV market. The company offers products in this market for military applications. Its strategy for sustainable long-term growth involves undertaking joint ventures and partnerships. In May 2019, Arcturus UAV entered a joint venture with Textron (US) and Insitu (US) to provide the Jump 20 UAV to the US. In December 2016, the company also entered a partnered with Hydrogen Engine Center (HEC-TINA) to develop a hydrogen fueled internal combustion engine that can support the T-20 family of unmanned aircraft.

Related Reports:

Fixed-wing VTOL UAV Market by Vertical (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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Report Code
AS 7469
RI Published ON
12/5/2019
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