The Global Electric Vertical Take-Off and Landing (VTOL) Vehicle Market size is expected to grow from USD 0.78 billion in 2022 to USD 23.77 billion by 2030, at a CAGR of 53.2 % during the forecast period (2023-2030).
Aircraft that can take off, hover, and land vertically are referred to as vertical take-off and landing, or VTOL aircraft. Planes are significantly more versatile because they can take off and land practically anywhere thanks to VTOL technology. Additionally, they are capable of maneuvers that a normal plane cannot, which gives aircraft a major advantage in warfare. Moreover, VTOL aircraft with electric motor propulsion—like drones—use less energy than those with jet engines. Precision farming, which enables farmers to track irrigation equipment, identify different kinds of weeds, and check crop health, is one outcome of the use of UAVs in agriculture.
Key Players for the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market
Turkish Aerospace Industries Inc, IdeaForge, Schiebel Elektronische Gerate GmbH, Israel Aerospace Industries Ltd, Boeing Company, Textron Inc, Saab Group, AeroVironment Inc, Lockheed Martin Corporation, DJI Innovations, Latitude Engineering, Northrop Grumman Corporation, Other Major Players.
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The latest research on the Global Electric Vertical Take-Off And Landing (VTOL) Vehicle Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Electric Vertical Take-Off And Landing (VTOL) Vehicle industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Electric Vertical Take-Off And Landing (VTOL) Vehicle Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation Analysis of the Electric Vertical Take-Off And Landing (VTOL) Vehicle Market
By Type
· Fixed-Wing
· Multi-rotor
By Application
· Military
· Government
· Commercial
By Maximum takeoff weight
· < 25 Kilograms
· 25-170 Kilograms
· 170 kilograms
By Range
· Beyond Line of Sight
· Visual Line of Sight
· Extended Visual Line of Sight
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market
In January 2021, 'Undisclosed quantities' of SWITCH high-altitude UAVs were purchased by the Indian Army through a contract with IdeaForge, and they were delivered in January 2022.
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