SandlerResearch.org adds Global VTOL UAV Market 2016-2020 a new research reports in its store. 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.
Complete report on VTOL UAV market spread across 71 pages, analyzing 5 major companies and provides 38 data exhibits is now available at http://www.sandlerresearch.org/global-vtol-uav-market-2016-2020.html .
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.
In terms of geography, the global VTOL UAV market is dominated by the Americas. In the Americas, the US is the major revenue contributor as most VTOL UAVs are used in the military and defense sectors. Additionally, the collaboration between DARPA and the manufacturers of UAV has led to the development of many VTOL UAV designs, which in turn fosters its adoption during the predicted period.
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The global VTOL UAV market is highly competitive as many prominent players compete to gain maximum market shares during the forecast period. However, in the military and defense sector, only a certain number of vendors dominate the market. Therefore, it can be concluded that the vendors that have the capability to acquire major military projects will thrive in this market until the end of 2020.
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.
Further, the report states that defense budget cut is one of the major challenges faced by vendors.
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