The Fixed-wing VTOL UAV 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% from 2022 to 2030. The rise in the adoption of technologically advanced runwayless unmanned aerial military platforms by defense forces is one of the most significant factors projected to drive the growth of the fixed-wing VTOL UAV market. The increasing adoption of fixed-wing VTOL UAVs in various commercial applications, such as monitoring, surveying & mapping, agriculture, aerial remote sensing, and product delivery, is also contributing to the growth of the market. Free Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=173456250 Driver: Wide-scale use in civil & commercial applications Fixed-wing VTOL UAVs are extensively used in various civil & commercial applications such as photography, product delivery, greenhouse emission monitoring, and wildlife research & preservation. They are also being used in the agriculture, real estate, mining, and oil & gas industries. In the agricultural sector, the use of UAVs has led to the evolution of precision farming, which enables farmers to monitor the health of crops, keep track of irrigation equipment, and identify different types of weeds, among others. Rapid industrial developments in the US, China, France, and Japan have increased the demand for automation in various industries. Moreover, increased foreign investments and the transfer of technologies related to fixed-wing VTOL UAV platforms from developed economies to emerging economies are also expected to contribute to increased demand for them in civil & commercial applications. The growing use of these UAVs in civil & commercial applications due to their superior endurance and low operating costs has resulted in increased production, which is the primary factor driving the growth of the market. Threod Systems (Estonia), ALTI UAS (South Africa), Autel Robotics (US), Vertical Technologies (US), Quantum-Systems (Germany), and Wingtra (Switzerland) are significant players in the commercial UAV space. Restraint: Lack of skilled & trained personnel for operation Unlike conventional aircraft, personnel operating fixed-wing VTOL UAVs need to ensure the reliability of the entire unmanned aerial system, which includes UAVs, ground control stations, and communication equipment. These UAVs can fly at different altitudes but require pilots to control and operate them and skilled personnel for remote piloting. The number of pilots available for such high precision operations is comparatively low. An increase in drone adoption in the commercial and law enforcement & government applications adds to the growing need for skilled fixed-wing VTOL UAV pilots. Presently, to reduce the number of accidents caused due to the poor control skills of operators, efforts are being made to improve the autonomy of these systems, thereby reducing the involvement of human operators. Fixed-wing VTOL UAVs should be equipped with systems that offer them autonomous sense and avoid, the capability to avoid collisions during operation alongside manned aircraft in congested airspace and beyond the line of sight of ground control stations. Full Report @ https://www.marketsandmarkets.com/Market-Reports/fixed-wing-vtol-uav-market-173456250.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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