Research and Markets - Global VTOL UAV Market 2016-2020 with AeroVironment, Israel Aerospace Industries, Lockheed Martin, SAAB & Northrop Grumman Dominating

Apr 28, 2016, 14:16 ET from Research and Markets

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.

Key vendors

- AeroVironment
- Israel Aerospace Industries
- Lockheed Martin
- Northrop Grumman

Other prominent vendors

- Aeronautics
- Aeyron Labs
- Aibotrix
- 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

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SOURCE Research and Markets