The report, now available on ASDReports, recognizes the following companies as the key players in the Global VTOL UAV Market: AeroVironment, Israel Aerospace Industries, Lockheed Martin, SAAB, and Northrop Grumman.
Other Prominent Vendors in the market are: Aeronautics, Aeyron Labs, Aibotrix, American Dynamics, BAE Systems, DJI, and Prox Dynamics.
Commenting on the report, an analyst said: “. 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Apr 25, 2016