VTOL UAV Market to showcase 18.1% CAGR between 2018-2024
As per this study, global VTOL UAV Market is projected to reach USD 10,160.3 BN by 2024, with a CAGR of 18.1% from USD 3,155.4 BN in 2017. The report offers in-depth details over the forecast period with market size, share, growth and trends. This market report is formulated to provide accurate, and quality research data that will assist in keeping the marketer relevant, future-oriented and smart decision maker allowing to tune with the dynamic market scenario. Moreover, it delivers comprehensive data analysis that helps to gain a competitive edge and potential profit in the market. Further adding to this, it also helps to understand industry structure and evaluates the competition intensity attractiveness.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the VTOL UAV market include DJI Company, Israel Aerospace Industries Limited, Lockheed Martin Corporation, and Northrop Grumman Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The global VTOL UAV market is projected to witness a high growth in the years to come. The growth of this market is foreseen to be driven by the rising demand of VTOL UAVs in civil & commercial sector coupled with the technological innovation. Additionally, the growing demand for 3D mapping, oil & gas pipeline inspection, recreational activities, safety, and surveillance is further adding impetus growth to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of VTOL UAV.
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Market Segmentation
The broad VTOL UAV market has been sub-grouped into type, application, size, and payload. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
Helicopter
Multicopter
Hybrid
By Applications
Military
Homeland Security
Civil & Commercial
By Size
Large
Medium
Small
By Payload
Intelligence, Surveillance and Reconnaissance (ISR)
Cameras
Telemetry
Sensors
Autopilot
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for VTOL UAV in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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