The report "VTOL UAV Market by Application (Military, Civil &
Commercial, Homeland Security), Type (Multicopter, Helicopter, Hybrid), Size
(Large, Medium, Small, Micro), Propulsion, Payloads, Geography - Global
Forecast to 2020" ,analyzes
and studies the major market drivers, restraints, opportunities, and challenges
in North America, Europe, Asia-Pacific, Latin America, and Africa.
Browse 78 tables and 99 figures spread
through 178 Pages and in-depth TOC on "VTOL UAV Market - Global Forecast to 2020"
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The global VTOL UAV market is estimated to be valued at USD
2,235.40 Million in 2015 and is projected to reach USD 5,500 Million by 2020,
at a CAGR of 19.73% from 2015 to 2020.
The report discusses about the market opportunities that exist in
the VTOL UAV over the forecast period, 2015-2020. We have segmented the VTOL
UAV market based on application, by type, by size, by payloads and by region.
The report identifies the market opportunities for the above VTOL UAV across
the five geographic sectors namely North America (NA), Latin America (LA),
European Union (EU), Asia-Pacific (APAC), and Africa. Also, we have identified
the major applications of VTOL UAV as military, Homeland Security, and Civil
& Commercial.
The demand for VTOL UAVs has been increasing rapidly; however,
certain restrictions are still imposed by governments and civil authorities.
They are used in various commercial and civil applications such as
surveillance, reconnaissance, exploration, and mapping, among others. The UAV’s
fly at a low level, and therefore masses could be at risk. To avoid people from
this danger, in January 2010, U.K’s Civil Aviation Authority (CAA) introduced
new regulations that require operators of VTOL UAV to obtain permission from
the CAA before commencing a flight within a congested area or in proximity to
people or property.
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The global VTOL UAV market by application type is the
fastest-growing countries in the Asia-Pacific region. The VTOL UAV market in
the countries, such as Japan and India of the Asia-Pacific region, is projected
to grow at a faster pace from 2015 to 2020. The VTOL UAV market in these
countries is expected grow for military and commercial applications in the next
five years.
The VTOL UAV market is diversified and competitive, however, its
influence is high in the North American and European regions. The VTOL UAV
market is dominated by key global players such as Northrop Grumman Corporation
(U.S.), DJI (China), Lockheed Martin Corporation (U.S.), Israel Aerospace
Industries Limited (Israel), Schiebel Corporation (Austria), AeroVironment,
Inc. (U.S.), Turkish Aerospace Industries, Inc. (Turkey), Saab AB (Sweden), The
Boeing Company (U.S.), Textron, Inc. (U.S.), Parrot SA (France), 3D Robotics,
Inc. (U.S.), and Xaircraft Technology Co. Ltd (China).
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