Global VTOL UAV Market to Grow at a CAGR of 10.83% During the Period 2016-2020: Key Vendors (AeroVironment, Israel Aerospace Industries, Lockheed Martin, SAAB)
VTOL UAVs are 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.
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