Albany, NY -- (SBWIRE) -- 03/15/2019 -- An unmanned aerial vehicle (UAV), commonly known as a drone, as an unmanned aircraft system (UAS), or by several other names, is an aircraft without a human pilot aboard. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator, or fully or intermittently autonomously, by onboard computers. Compared to manned aircraft, UAVs are often preferred for missions that are too "dull, dirty or dangerous" for humans. They originated mostly in military applications, although their use is expanding in commercial, scientific, recreational, agricultural, and other applications, such as policing and surveillance, aerial photography, agriculture and drone racing.

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Scope of the Report:
- This report focuses on the VTOL UAV in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- As for the global VTOL UAV industry, the top three manufacturers have 82.79% revenue market share in 2015. The Chinese giant DJI, which has 62.03% market share in 2015, is the leader in the VTOL UAV industry. The manufacturers following are Parrot SA, 3D Robotics and AscTec, which respectively has 14.66%, 2.10% and 0.68% market share globally.

The revenue of global VTOL UAV sales market has a rising from 709.31 m dollars in 2014 to 1235.00 m dollars in 2015, and its respected to reach 2049.42 m dollars in 2021. The high suitability of VTOL UAVs for civil applications is one of the key drivers for this market.

The downstream industries of VTOL UAV products are Military, Homeland Security and Civil & Commercial. In the recent years, the demand of for VTOL UAVs for civil and commercial applications is growing, and the ability of VTOL UAVs to aid in these industries, will certainly result in market growth during the predicted period too.

Although sales of VTOL UAV products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the VTOL UAV field hastily.

The worldwide market for VTOL UAV is expected to grow at a CAGR of roughly 8.6% over the next five years, will reach 2340 million US$ in 2023, from 1430 million US$ in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers
- DJI
- PARROT
- 3D Robotics
- AscTec
- Yamaha
- XAIRCRAFT
- ZERO TECH
- Ehang
- IAI
- CybAero
- Alpha Unmanned Systems
- Microdrones
- Ewatt
- Hanhe
- GoPro
- LONCIN MOTOR

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Market Segment by Type, covers
- Small Sized VTOL UAV (<150 Kg)
- Large Sized VTOL UAV (150 Kg)

Market Segment by Applications, can be divided into
- Military
- Homeland Security
- Civil & Commercial

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