Global VTOL UAV Market 2016-2020

Outlook of the global VTOL UAV market

Technavio’s market research analyst anticipates the global vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) market to grow at an impressive CAGR of around 11% by 2020. The high suitability of VTOL UAVs for urban applications is one of the key drivers for this market. Since VTOL UAVs can take-off and land without a runway, they are highly suitable for operations in urban areas. The VTOL UAV’s ease of operation in urban environments, especially when compared to other fixed-wing UAVs, will lead to its augmented adoption during the forecast period.

There is a growing demand for VTOL UAVs for civil and commercial applications. The ability of these UAVs to aid in surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, and real estate survey will result in market growth during the predicted period. Since VTOL UAVs have the ability to carry out various ISR and spy missions, they are increasingly being adopted by defense forces to assist the military in search and rescue operations.  

Geographical segmentation of the VTOL UAV market

• Americas
• APAC
• EMEA