DUBLIN, April 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global VTOL UAV Market 2016-2020" report to their offering.
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The global VTOL UAV market to grow at a CAGR of 10.83% during the period 2016-2020
Global VTOL UAV Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
VTOL UAVs are capable of performing vertical take-off and landing and do not require a runway. VTOL UAVs can be further classified into multi-rotors (quadcopters, hexacopters, and octocopters), helicopter-configured UAVs, and tiltrotor VTOL UAVs. These UAVs are mostly used for applications where stability and hover capability is crucial.
One of the major trends has been the rapid development of high-performance VTOL UAVs. For example, the Northrop Grumman MQ-8 Fire Scout is a helicopter-configured UAV, which is primarily used by the US Navy. This UAV can be utilized for observation and monitoring; situational awareness; and precision targeting support for ground, air, and sea forces.
According to the report, one of the drivers of the global VTOL UAV market is its suitability for urban applications. Unlike fixed-wing UAVs, VTOL UAVs can take-off and land without a runway. As a result, there has been an increased demand for these UAVs for civil-commercial applications. Commercial VTOL UAVs are used for surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, real estate survey, and many other similar applications.
Further, the report states that defense budget cut is one of the major challenges faced by vendors.
- Israel Aerospace Industries
- Lockheed Martin
- Northrop Grumman
Other prominent vendors
- Aeyron Labs
- American Dynamics
- BAE Systems
- Prox Dynamics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Aerospace and defense supply chain system
Part 07: Aerospace and defense value chain system
Part 08: Market segmentation by application
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Appendix
For more information visit http://www.researchandmarkets.com/research/4256mb/global_vtol_uav
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SOURCE Research and Markets