New study estimates that the fixed-wing VTOL UAV market will grow by 23.7% between 2022 and 2030

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A new study published by MarketsandMarkets (“Fixed-Wing VTOL UAV Market”) estimates that the fixed-wing VTOL UAV market will reach USD 4,627 million by 2030. This means that the market will grow by 23.7% between 2022 and 2030.

The publication examined the wide range of applications of fixed-wing VTOL UAVs, including inspection, monitoring, remote sensing, photography, research, and product delivery. Based on their evaluation, the company’s report predicts that mainly the commercial application of fixed-wing VTOL UAVs will grow. Besides, according to the report, the most significant growth will be visible in the North American region.

Fixed-wing drones are becoming more and more popular for delivery purposes. For example, the drone delivery company Wing now delivers groceries and home supplies in Australia, US and Finland.

The entire article is available here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173456250

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