固定翼VTOL無人航空機(ドローン)市場規模、シェア、動向、2030年までの世界予測

Fixed-wing VTOL UAV (Drone) Market - Global Forecast To 2030

Fixed-Wing VTOL UAV Market by Range (VLOS, EVLOS, BVLOS), MTOW (<25 Kg, 25-170 Kg, >170 Kg), Application (Military, Government & Law Enforcement, Commercial), Endurance, Mode of Operation, Propulsion, Point of Sale, and Region - Global Forecast to 2030

商品番号 : SMB-15833

出版社MarketsandMarkets
出版年月2025年11月
ページ数248
図表数323
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

固定翼VTOL無人航空機(ドローン)市場 – 航続距離(VLOS、EVLOS、BVLOS)、最大離陸重量(<25 kg、25~170 kg、>170 kg)、用途(軍事、政府機関および法執行機関、商業)、耐久性、運用モード、推進力、販売時点、および地域別 – 2030年までの世界予測

固定翼VTOL無人航空機(UAV)市場は、2025年の6億9,000万米ドルから2030年には12億米ドルに達すると予測されており、予測期間中は年平均成長率(CAGR)11.7%を記録します。市場拡大の原動力となっているのは、防衛、法執行、そして商業運用における長航続距離と高い信頼性を備えたUAVへの需要の高まりです。無人ISRミッションへの投資増加に加え、ハイブリッド電気推進および自律飛行技術の急速な導入により、運用の柔軟性と航続距離が向上しています。さらに、新興国における無人航空システムに対する規制支援と航空機インフラの近代化も、市場の成長を加速させています。

調査対象範囲:

本市場調査は、固定翼VTOL無人航空機(UAV)市場を様々なセグメントおよびサブセグメントにわたって網羅しています。本調査は、様々な分野および地域における市場規模と成長の可能性を予測することを目的としています。また、本調査には、市場の主要プレーヤー、企業概要、製品および事業内容に関する主要な考察、最近の動向、そして主要な市場戦略に関する詳細な競合分析も含まれています。

このレポートを購入する理由:

本レポートは、固定翼VTOL無人航空機(UAV)市場全体の収益予測値に関する近似値を提供することで、市場リーダー企業や新規参入企業にとって有益な情報となります。また、ステークホルダーが競争環境を理解し、自社のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深める上でも役立ちます。さらに、本レポートは、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供する上でも役立ちます。

本レポートでは、以下の点について洞察を提供しています。

市場牽引要因(軍事・安全保障分野での利用増加、目視外飛行(BVLOS)および自律飛行規制の拡大、ハイブリッド電気および分散型推進システムの進歩、高度な航空検査・監視の需要増加、商用およびデュアルユース用途の増加)、制約要因(断片化された規制枠組みと認証の遅延、電気システムのエネルギー密度および電力制限、開発・保守コストの高騰、熟練技術者および運用専門知識への依存)、機会(ハイブリッド電気および水素推進技術の進歩、防衛近代化プログラムの拡大、クラウドベースの分析とAI駆動型ミッションシステムの統合)、課題(VTOL構成の複雑な耐空証明、競合するプラットフォームアーキテクチャ間の市場の断片化、サプライチェーンにおける先進部品への依存、社会受容性および空域統合の制約)

  • 市場浸透:市場トップ企業が提供する固定翼VTOL無人航空機(UAV)に関する包括的な情報
  • 製品開発/イノベーション:固定翼VTOL無人航空機(UAV)市場における今後の技術、研究開発活動、製品投入に関する詳細な洞察
  • 市場開発:様々な地域における収益性の高い市場に関する包括的な情報
  • 市場多様化:固定翼VTOL無人航空機(UAV)市場における新製品、未開拓地域、最近の開発状況、投資に関する網羅的な情報
  • 競合評価:固定翼VTOL無人航空機(UAV)市場における主要企業の市場シェア、成長戦略、製品、製造能力に関する詳細な評価

Report Description

The fixed-wing VTOL UAV market is projected to reach USD 1.20 billion by 2030 from USD 0.69 billion in 2025, registering a CAGR of 11.7% during the forecast period. Market expansion is driven by the rising demand for long-endurance and high-reliability UAVs across defense, law enforcement, and commercial operations. Increasing investments in unmanned ISR missions, coupled with the rapid adoption of hybrid-electric propulsion and autonomous flight technologies, are enhancing operational flexibility and range. Additionally, regulatory support for unmanned aerial systems and modernization of fleet infrastructure across emerging economies is accelerating market growth.

固定翼VTOL無人航空機(ドローン)市場規模、シェア、動向、2030年までの世界予測
Fixed-wing VTOL UAV (Drone) Market – Global Forecast To 2030

“By application, the military segment is projected to account for the largest market share during the forecast period.”

The military application segment is expected to remain the dominant contributor to the fixed-wing VTOL UAV market, driven by the growing emphasis on intelligence, surveillance, target acquisition, and reconnaissance operations. Defense organizations are increasingly deploying these UAVs for tactical missions that demand vertical take-off and landing capability, high payload endurance, and long operational range. The integration of electro-optical, infrared, and synthetic aperture radar payloads is enhancing mission precision and situational awareness.

Furthermore, the introduction of hybrid-electric propulsion systems and AI-enabled autonomous navigation is optimizing power management and endurance in military UAV fleets. Programs emphasizing persistent ISR, border security, and battlefield support continue to drive procurement. As countries invest in fleet modernization and next-generation tactical UAV programs, the military segment’s share is reinforced by sustained defense spending and rapid advancements in vertical-lift and fixed-wing hybrid architectures.

固定翼VTOL無人航空機(ドローン)市場規模、シェア、動向、2030年までの世界予測 - by application
Fixed-wing VTOL UAV (Drone) Market – Global Forecast To 2030 – by application

“By MTOW, the >170 kilograms segment is projected to grow at the highest CAGR during the forecast period.”

The >170 kilograms segment is projected to register the fastest growth in the fixed-wing VTOL UAV market between 2025 and 2030, driven by the increasing deployment of large UAV platforms capable of carrying heavier payloads for extended missions. These systems are being integrated into intelligence, surveillance, and logistics operations where endurance, range, and multi-sensor capabilities are critical. The adoption of hybrid-electric propulsion and advanced aerodynamic designs allows these UAVs to achieve superior flight efficiency while meeting evolving military and commercial requirements. Additionally, major defense organizations and aerospace manufacturers are investing in scalable heavy-lift VTOL systems for persistent ISR, cargo delivery, and maritime applications, reinforcing the segment’s position as the key growth driver in the global fixed-wing VTOL UAV market.

固定翼VTOL無人航空機(ドローン)市場規模、シェア、動向、2030年までの世界予測 - 地域
Fixed-wing VTOL UAV (Drone) Market – Global Forecast To 2030 – region

“The Middle East is projected to grow at the highest rate during the forecast period.”

The Middle East is projected to register the highest growth rate in the fixed-wing VTOL UAV market through 2030, driven by accelerating defense modernization, heightened border surveillance needs, and the growing adoption of unmanned systems for ISR operations. Governments of many countries in the region are actively investing in indigenous UAV production programs and collaborative ventures with international manufacturers to strengthen tactical and long-range aerial capabilities.

The market’s rapid expansion is further supported by the region’s evolving counter-terrorism initiatives, cross-border security monitoring, and investments in autonomous aerial systems for reconnaissance and logistics. Countries such as the UAE, Saudi Arabia, and Israel are at the forefront of this growth, leveraging hybrid-electric propulsion technologies and endurance-optimized UAVs for multi-mission use.

On the commercial front, the integration of UAVs into infrastructure inspection, pipeline monitoring, and environmental assessment projects is broadening the regional application base. Combined, these factors position the Middle East as the fastest-growing market for fixed-wing VTOL UAVs, supported by defense-led procurement, cross-sector operational adoption, and strong government emphasis on unmanned capability development.

The breakdown of profiles for primary participants in the fixed-wing VTOL UAV market is provided below:

  • By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
  • By Designation: C Level – 75%, Manager Level – 75%
  • By Region: North America – 20%, Europe – 25%, Asia Pacific – 30%, Middle East – 10%, Latin America – 10%, Africa – 5%
固定翼VTOL無人航空機(ドローン)市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Fixed-wing VTOL UAV (Drone) Market – Global Forecast To 2030 – ecosystem

Research Coverage:

This market study covers the fixed-wing VTOL UAV market across various segments and subsegments. It aims to estimate the size and growth potential of this market across different parts and regions. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their products and business offerings, recent developments, and key market strategies they adopted.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall fixed-wing VTOL UAV market. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the market pulse and will provide information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

Market drivers (Increasing use in military and security applications, expansion of BVLOS and autonomous flight regulations, advancements in hybrid electric and distributed propulsion systems, rising demand for advanced aerial inspection and monitoring, growing commercial and dual use applications), restraints (fragmented regulatory frameworks and certification delays, energy density and power limitations of electric systems, high development and maintenance costs, dependence on skilled technicians and operational expertise), opportunities (advancements in hybrid electric and hydrogen propulsion technologies, growth of defense modernization programs, integration of cloud-based analytics and AI-driven mission systems), challenges (complex airworthiness certification for VTOL configurations, market fragmentation across competing platform architecture, supply chain dependence on advanced components, public acceptance and airspace integration constraints)

  • Market Penetration: Comprehensive information on fixed-wing VTOL UAVs offered by the top players in the market
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product launches in the fixed-wing VTOL UAV market
  • Market Development: Comprehensive information about lucrative markets across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the fixed-wing VTOL UAV market
  • Competitive Assessment: In-depth assessment of market share, growth strategies, products, and manufacturing capabilities of leading players in the fixed-wing VTOL UAV market

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKET SEGMENTATION AND REGIONAL SNAPSHOT                 29

1.3.2        YEARS CONSIDERED      30

1.3.3        INCLUSIONS AND EXCLUSIONS 30

1.4           CURRENCY CONSIDERED            31

1.5           STAKEHOLDERS               32

1.6           SUMMARY OF CHANGES               32

2               EXECUTIVE SUMMARY  33

2.1           KEY INSIGHTS AND MARKET HIGHLIGHTS          33

2.2           HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS                 35

2.3           SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE,  AND FORECAST                36

3               PREMIUM INSIGHTS       37

3.1           BUSINESS MODELS         37

3.2           TOTAL COST OF OWNERSHIP   39

3.3           BILL OF MATERIALS       40

4               CUSTOMER LANDSCAPE & BUYER BEHAVIOR    43

4.1           DECISION-MAKING PROCESS     43

4.2           BUYERS STAKEHOLDERS AND BUYING EVALUATION CRITERIA             44

4.2.1        BUYING EVALUATION CRITERIA               44

4.3           ADOPTION BARRIERS & INTERNAL CHALLENGES                 45

4.4           KEY EMERGING TECHNOLOGIES              46

4.4.1        ARTIFICIAL INTELLIGENCE IN UNMANNED AERIAL VEHICLE (UAV) 46

4.4.2        MID-AIR REFUELING OF DRONES             47

4.4.3        UAV WITH LIDAR SYSTEM           47

4.5           COMPLEMENTARY TECHNOLOGIES       47

4.5.1        BEYOND VISUAL LINE OF SIGHT (BVLOS) OPERATIONS                 47

4.5.2        INCREASED AUTONOMY IN TRAFFIC MANAGEMENT                 47

4.5.3        ENERGY HARVESTING   48

4.6           ADJACENT TECHNOLOGIES       48

4.6.1        SATELLITE COMMUNICATION (SATCOM) SYSTEMS                 48

4.6.2        ELECTRO-OPTICAL/INFRARED (EO/IR) SENSOR PAYLOADS          48

4.7           TECHNOLOGY ROADMAP            48

4.8           EMERGING TECHNOLOGY TRENDS        49

4.9           PATENT ANALYSIS          49

4.10         IMPACT OF AI/ GENERATIVE AI ON FIXED-WING VTOL UAV MARKET     52

4.10.1      USE CASES AND MARKET POTENTIAL   52

4.10.2      BEST PRACTICES IN FIXED-WING VTOL UAV DEVELOPMENT                53

4.10.3      INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS  53

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Increasing use in military and security applications        56

5.2.1.2    Expansion of beyond visual line of sight and autonomous flight regulations             56

5.2.1.3    Advancements in hybrid-electric and distributed propulsion systems  56

5.2.1.4    Rising demand for advanced aerial inspection and monitoring                 56

5.2.1.5    Growing commercial and dual-use applications              57

5.2.2        RESTRAINTS      57

5.2.2.1    Fragmented regulatory frameworks and certification delays                 57

5.2.2.2    Energy density and power limitations of electric systems                 57

5.2.2.3    High development and maintenance costs       57

5.2.2.4    Shortage of trained personnel and operational expertise                 58

5.2.3        OPPORTUNITIES              58

5.2.3.1    Expansion of fixed-wing VTOL leasing and service-based business model      58

5.2.3.2    Integration with national digital infrastructure and emerging aerospace ecosystems           58

5.2.3.3    Integration of cloud-based analytics and AI-driven mission systems  58

5.2.4        CHALLENGES    59

5.2.4.1    Complex airworthiness certification for VTOL configurations                 59

5.2.4.2    Market fragmentation across competing platform architectures                 59

5.2.4.3    Supply chain dependence on advanced components      59

5.2.4.4    Public acceptance and airspace integration issues          59

5.3           ECOSYSTEM ANALYSIS  60

5.3.1        PROMINENT COMPANIES            60

5.3.2        PRIVATE AND SMALL ENTERPRISES        60

5.3.3        END USERS         61

5.4           VALUE CHAIN ANALYSIS               62

5.4.1        RAW MATERIALS              62

5.4.2        RESEARCH & DEVELOPMENT (R&D)       63

5.4.3        COMPONENT MANUFACTURING             63

5.4.4        OEMS    63

5.4.5        END USERS         63

5.4.6        AFTER-SALES SERVICES                63

5.5           TARIFF AND REGULATORY LANDSCAPE               64

5.5.1        TARIFF DATA    64

5.5.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             65

5.5.3        REGULATORY FRAMEWORK       68

5.6           INDICATIVE PRICING ANALYSIS                68

5.6.1        INDICATIVE PRICING ANALYSIS, BY MTOW         69

5.6.2        INDICATIVE PRICING ANALYSIS BY ENDURANCE                 69

5.7           TRADE ANALYSIS             69

5.7.1        IMPORT SCENARIO (HS CODE 8806)        69

5.7.2        EXPORT SCENARIO (HS CODE 8806)        71

5.8           USE CASE ANALYSIS        73

5.8.1        QUANTUM SYSTEMS’ TRINITY PRO FOR LONG-ENDURANCE MAPPING MISSIONS            73

5.8.2        WINGTRAONE GEN II FOR ENVIRONMENTAL MONITORING AND FORESTRY OPERATIONS      74

5.8.3        TEXTRON SYSTEMS’ AEROSONDE HYBRID VTOL FOR MARITIME INTELLIGENCE MISSIONS     74

5.8.4        ALTI TRANSITION FOR BORDER SURVEILLANCE AND RAPID RESPONSE MISSIONS       75

5.9           VOLUME DATA 75

5.10         KEY CONFERENCES AND EVENTS, 2025–2026        76

5.11         INVESTMENT AND FUNDING SCENARIO               76

5.12         MACROECONOMIC OUTLOOK  77

5.12.1      INTRODUCTION              77

5.12.2      NORTH AMERICA             77

5.12.3      EUROPE               78

5.12.4      ASIA PACIFIC     78

5.12.5      MIDDLE EAST   78

5.12.6      REST OF THE WORLD    78

5.13         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            79

5.14         IMPACT OF 2025 US TARIFFS      80

5.14.1      INTRODUCTION              80

5.14.2      KEY TARIFF RATES          81

5.14.3      PRICE IMPACT ANALYSIS             81

5.14.4      IMPACT ON COUNTRY/REGION                82

5.14.4.1  US           82

5.14.4.2  Europe   82

5.14.4.3  Asia Pacific            83

5.14.5      IMPACT ON END-USE INDUSTRIES          83

5.14.5.1  Commercial           83

5.14.5.2  Government and military    83

6               FIXED-WING VTOL UAV MARKET, BY APPLICATION                 84

6.1           INTRODUCTION              85

6.2           MILITARY            85

6.2.1        USE CASE- JUMP 20 BY AEROVIRONMENT INC.  86

6.2.2        INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE (ISR)               86

6.2.2.1    Increasing defense investments in long-endurance ISR assets to drive growth          86

6.2.3        COMBAT OPERATIONS 87

6.2.3.1    Ongoing military modernization programs emphasizing autonomous strike capability to drive growth  87

6.2.4        DELIVERY            87

6.2.4.1    Defense initiatives aimed at reducing human involvement in supply chain operations to drive growth           87

6.3           COMMERCIAL   87

6.3.1        USE CASE: CW-007 BY JOUAV      88

6.3.2        REMOTE SENSING           89

6.3.2.1    Enables repeatable flight paths with reduced operational fatigue compared to rotary systems                 89

6.3.3        INSPECTION & MONITORING    89

6.3.3.1    Enhances accuracy and reduces inspection downtime   89

6.3.4        PRODUCT DELIVERY     89

6.3.4.1    Transition toward automated and sustainable supply chain systems to drive growth       89

6.3.5        SURVEYING & MAPPING                89

6.3.5.1    Hybrid configuration supports high-efficiency flight paths                 89

6.3.6        AERIAL IMAGING             90

6.3.6.1    Combination of endurance, stability, and image accuracy to drive growth    90

6.3.7        INDUSTRIAL WAREHOUSING     90

6.3.7.1    Hybrid mobility enables efficient navigation between indoor and outdoor zones        90

6.3.8        PASSENGER & PUBLIC TRANSPORTATION           90

6.3.8.1    Exploring advanced air mobility solutions for sustainable urban transport                 90

6.3.9        OTHERS                90

6.4           GOVERNMENT & LAW ENFORCEMENT  91

6.4.1        USE CASE: PD-2 UAS BY UKRSPECSYSTEMS          92

6.4.2        BORDER MANAGEMENT               92

6.4.2.1    Advancements in encrypted communication links and all-weather endurance technologies to drive growth           92

6.4.3        TRAFFIC MONITORING 92

6.4.3.1    Growing urban surveillance demand supporting UAV integration in smart mobility programs to drive growth     92

6.4.4        FIREFIGHTING & DISASTER MANAGEMENT        93

6.4.4.1    Hybrid configuration supports extended surveillance of affected zones      93

6.4.5        SEARCH & RESCUE          93

6.4.5.1    Technological advances in AI-assisted detection and autonomous navigation to drive growth  93

6.4.6        POLICE OPERATIONS & INVESTIGATION              93

6.4.6.1    Growing deployment of fixed-wing VTOL UAVs enhancing investigative efficiency and urban policing capabilities 93

6.4.7        MARITIME SECURITY     94

6.4.7.1    Expanding maritime domain awareness initiatives to drive UAV procurement across coastal regions   94

7               FIXED-WING VTOL UAV MARKET, BY ENDURANCE                 95

7.1           INTRODUCTION              96

7.2           <5 HOURS            97

7.2.1        GOVERNMENT INITIATIVES PROMOTING UAV-BASED URBAN OPERATIONS TO DRIVE GROWTH            97

7.3           5-10 HOURS        97

7.3.1        RISING DEMAND FOR MID-ENDURANCE UAVS SUPPORTING DIVERSE SURVEILLANCE AND MAPPING APPLICATIONS TO DRIVE GROWTH       97

7.4           >10 HOURS         97

7.4.1        INCREASING FOCUS ON LONG-ENDURANCE UAVS TO DRIVE MARKET PENETRATION IN DEFENSE AND STRATEGIC APPLICATIONS 97

8               FIXED-WING VTOL UAV MARKET, BY MTOW      98

8.1           INTRODUCTION              99

8.2           <25 KILOGRAMS               100

8.2.1        RISING ADOPTION OF LIGHTWEIGHT UAVS IN AGRICULTURE, SURVEYING, AND EMERGENCY RESPONSE TO DRIVE SEGMENTAL GROWTH    100

8.3           25-170 KILOGRAMS          100

8.3.1        RISING DEFENSE PROCUREMENT, INFRASTRUCTURE MONITORING, AND COMMERCIAL INSPECTION CONTRACTS TO DRIVE DEMAND FOR MEDIUM-WEIGHT UAVS            100

8.4           >170 KILOGRAMS             100

8.4.1        EMERGING DEMAND FOR UNMANNED CARGO DELIVERY IN REMOTE REGIONS TO DRIVE DEMAND FOR HEAVY-LIFT UAVS           100

9               FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION       101

9.1           INTRODUCTION              102

9.2           REMOTELY PILOTED     103

9.2.1        INDUSTRIAL OPERATORS PRIORITIZING REAL-TIME SITUATIONAL CONTROL AND ACCOUNTABILITY TO DRIVE GROWTH             103

9.3           OPTIONALLY PILOTED 103

9.3.1        INCREASING USE IN RESEARCH, DEFENSE TESTING, AND LONG-DURATION SURVEILLANCE APPLICATIONS TO DRIVE GROWTH               103

9.4           FULLY AUTONOMOUS  103

9.4.1        ADVANCEMENTS IN ONBOARD PROCESSING, AI, AND AUTONOMOUS DECISION-MAKING TO DRIVE GROWTH                 103

10            FIXED-WING VTOL UAV MARKET, BY PROPULSION                 104

10.1         INTRODUCTION              105

10.2         ELECTRIC            106

10.2.1      EXPANDING USE OF ELECTRIC PROPULSION SYSTEMS SUPPORTING LOW-EMISSION AND SHORT-RANGE UAV OPERATIONS     106

10.3         HYBRID                106

10.3.1      DEFENSE AND INDUSTRIAL USERS SEEKING RELIABILITY UNDER VARIABLE MISSION PROFILES TO DRIVE GROWTH             106

10.4         GASOLINE           106

10.4.1      WIDE UTILIZATION IN DEFENSE SURVEILLANCE, BORDER PATROL, AND LONG-RANGE RECONNAISSANCE TO DRIVE GROWTH               106

11            FIXED-WING VTOL UAV MARKET, BY RANGE      107

11.1         INTRODUCTION              108

11.2         VISUAL LINE OF SIGHT (VLOS)  109

11.2.1      WIDESPREAD OPERATOR TRAINING PROGRAMS AND INCREASING GOVERNMENT PERMISSIONS FOR LOW-ALTITUDE UAV ACTIVITY TO DRIVE GROWTH  109

11.3         EXTENDED VISUAL LINE OF SIGHT (EVLOS)       109

11.3.1      GROWING REGULATORY ACCEPTANCE OF EVLOS FRAMEWORKS FOR INSPECTION, MAPPING, AND INFRASTRUCTURE MONITORING TASKS TO DRIVE GROWTH                 109

11.4         BEYOND VISUAL LINE OF SIGHT (BVLOS)            109

11.4.1      SUITABLE FOR LONG-RANGE SURVEILLANCE, LOGISTICS, AND DEFENSE OPERATIONS              109

12            FIXED-WING VTOL UAV MARKET, BY POINT OF SALE                 110

12.1         INTRODUCTION              111

12.2         OEM      112

12.2.1      COLLABORATIONS BETWEEN AEROSPACE FIRMS AND TECHNOLOGY PROVIDERS TO ENHANCE VERTICAL TAKE-OFF EFFICIENCY AND AUTOMATION TO DRIVE GROWTH    112

12.3         AFTERMARKET 112

12.3.1      INTRODUCTION OF PREDICTIVE MAINTENANCE PROGRAMS USING AI-BASED DIAGNOSTICS AND CONDITION-MONITORING SYSTEMS TO DRIVE GROWTH      112

13            FIXED-WING VTOL UAV MARKET, BY REGION   113

13.1         INTRODUCTION              114

13.2         NORTH AMERICA             115

13.2.1      US           118

13.2.1.1  Defense modernization and commercial integration to drive market    118

13.2.2      CANADA               120

13.2.2.1  Expanding commercial UAV use and government-led innovation to drive market      120

13.3         EUROPE               122

13.3.1      UK          125

13.3.1.1  Investments in electric and hybrid propulsion technologies to drive market          125

13.3.2      FRANCE                127

13.3.2.1  Defense-led development and strong industrial ecosystem to drive market          127

13.3.3      GERMANY           129

13.3.3.1  Industrial strength and defense collaboration to reinforce UAV advancement         129

13.3.4      ITALY    131

13.3.4.1  Expanding defense programs and technology partnerships to strengthen national UAV capability  131

13.3.5      RUSSIA 133

13.3.5.1  Indigenous development and defense procurement to shape national UAV landscape      133

13.3.6      SWEDEN              135

13.3.6.1  Need for defense innovation and cross-border collaboration to drive UAV development      135

13.3.7      REST OF EUROPE             136

13.4         ASIA PACIFIC     138

13.4.1      CHINA  141

13.4.1.1  Rapid indigenous scaling and export-oriented production to drive market    141

13.4.2      INDIA    143

13.4.2.1  Expanding defense procurement and indigenous manufacturing to drive market      143

13.4.3      JAPAN   145

13.4.3.1  Technological advancements and regulatory clarity to accelerate UAV integration   145

13.4.4      SOUTH KOREA  147

13.4.4.1  Defense modernization and innovation-led industry to shape UAV ecosystem’s growth    147

13.4.5      AUSTRALIA         149

13.4.5.1  Expanding defense programs and commercial integration to advance UAV capability      149

13.4.6      REST OF ASIA PACIFIC   151

13.5         MIDDLE EAST   153

13.5.1      UAE        156

13.5.1.1  Indigenous manufacturing and defense partnerships to advance UAV capability     156

13.5.2      SAUDI ARABIA  158

13.5.2.1  Defense diversification and local production initiatives to strengthen UAV ecosystem 158

13.5.3      ISRAEL  160

13.5.3.1  Advanced R&D and global exports to reinforce UAV leadership                 160

13.5.4      TURKEY                162

13.5.4.1  Indigenous development and defense export to drive UAV prominence            162

13.5.5      REST OF MIDDLE EAST 164

13.6         REST OF THE WORLD    166

13.6.1      LATIN AMERICA                169

13.6.1.1  Focus on defense modernization and industrial collaboration to support growth      169

13.6.2      AFRICA 171

13.6.2.1  Emphasis on security modernization and regional cooperation to foster UAV adoption            171

14            COMPETITIVE LANDSCAPE         174

14.1         INTRODUCTION              174

14.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025                 174

14.3         REVENUE ANALYSIS       175

14.4         MARKET SHARE ANALYSIS           176

14.5         BRAND/PRODUCT COMPARISON             179

14.6         COMPANY VALUATION AND FINANCIAL METRICS                 179

14.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 180

14.7.1      STARS   180

14.7.2      EMERGING LEADERS     181

14.7.3      PERVASIVE PLAYERS      181

14.7.4      PARTICIPANTS 181

14.7.5      COMPANY FOOTPRINT 182

14.7.5.1  Company footprint               182

14.7.5.2  Region footprint   182

14.7.5.3  Application footprint            183

14.7.5.4  Propulsion footprint             184

14.7.5.5  Point of sale footprint          184

14.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        185

14.8.1      PROGRESSIVE COMPANIES         185

14.8.2      RESPONSIVE COMPANIES            185

14.8.3      DYNAMIC COMPANIES  185

14.8.4      STARTING BLOCKS         185

14.8.5      COMPETITIVE BENCHMARKING               186

14.8.5.1  List of startups/SMEs          186

14.8.5.2  Competitive benchmarking of startups/SMEs 187

14.9         COMPETITIVE SCENARIO             188

14.9.1      DEALS  188

14.9.2      OTHER DEVELOPMENTS              190

15            COMPANY PROFILES      191

15.1         KEY PLAYERS     191

15.1.1      ALTI UNMANNED            191

15.1.1.1  Business overview 191

15.1.1.2  Products offered   191

15.1.1.3  Recent developments           192

15.1.1.3.1                Deals      192

15.1.1.4  MnM view              192

15.1.1.4.1                Right to win           192

15.1.1.4.2                Strategic choices   192

15.1.1.4.3                Weaknesses and competitive threats 192

15.1.2      UKRSPECSYSTEMS          193

15.1.2.1  Business overview 193

15.1.2.2  Products offered   193

15.1.2.3  Recent developments           194

15.1.2.3.1                Deals      194

15.1.2.4  MnM view              194

15.1.2.4.1                Right to win           194

15.1.2.4.2                Strategic choices   194

15.1.2.4.3                Weaknesses and competitive threats 194

15.1.3      AEROVIRONMENT, INC.                195

15.1.3.1  Business overview 195

15.1.3.2  Products offered   196

15.1.3.3  Recent developments           197

15.1.3.3.1                Deals      197

15.1.3.3.2                Others    197

15.1.3.4  MnM view              197

15.1.3.4.1                Right to win           197

15.1.3.4.2                Strategic choices   197

15.1.3.4.3                Weaknesses and competitive threats 198

15.1.4      LOCKHEED MARTIN CORPORATION      199

15.1.4.1  Business overview 199

15.1.4.2  Products offered   200

15.1.4.3  Recent developments           200

15.1.4.3.1                Product Launches 200

15.1.4.3.2                Deals      201

15.1.4.4  MnM view              201

15.1.4.4.1                Right to win           201

15.1.4.4.2                Strategic choices   201

15.1.4.4.3                Weaknesses and competitive threats 201

15.1.5      TEXTRON SYSTEMS        202

15.1.5.1  Business overview 202

15.1.5.2  Products offered   203

15.1.5.3  Recent developments           204

15.1.5.3.1                Others    204

15.1.5.4  MnM view              204

15.1.5.4.1                Right to win           204

15.1.5.4.2                Strategic choices   204

15.1.5.4.3                Weaknesses and competitive threats 204

15.1.6      VERTICAL TECHNOLOGIES         205

15.1.6.1  Business overview 205

15.1.6.2  Products offered   205

15.1.7      CARBONIX          207

15.1.7.1  Business overview 207

15.1.7.2  Products offered   207

15.1.8      IDEAFORGE TECHNOLOGY INC.               208

15.1.8.1  Business overview 208

15.1.8.2  Products offered   208

15.1.8.3  Recent developments           209

15.1.8.3.1                Others    209

15.1.9      QUANTUM-SYSTEMS GMBH       210

15.1.9.1  Business overview 210

15.1.9.2  Products offered   210

15.1.9.3  Recent developments           211

15.1.9.3.1                Deals      211

15.1.9.3.2                Others    212

15.1.10   BLUEBIRD AERO SYSTEMS           213

15.1.10.1                 Business overview 213

15.1.10.2                 Products offered   213

15.1.10.3                 Recent developments           214

15.1.10.3.1             Deals      214

15.1.11   AUTEL ROBOTICS            215

15.1.11.1                 Business overview 215

15.1.11.2                 Products offered   215

15.1.12   THREOD SYSTEMS AS    216

15.1.12.1                 Business overview 216

15.1.12.2                 Products offered   216

15.1.13   JOUAV  217

15.1.13.1                 Business overview 217

15.1.13.2                 Products offered   217

15.1.14   GARUDA ROBOTICS PTE. LTD.  219

15.1.14.1                 Business overview 219

15.1.14.2                 Products offered   219

15.1.15   ASTERIA AEROSPACE LIMITED 220

15.1.15.1                 Business overview 220

15.1.15.2                 Products offered   220

15.1.15.3                 Recent developments           221

15.1.15.3.1             Others    221

15.2         OTHER PLAYERS              222

15.2.1      A-TECHSYN        222

15.2.2      AVY BY 223

15.2.3      ELROY AIR           224

15.2.4      WINGTRA AG     225

15.2.5      FLIGHTWAVE AEROSPACE SYSTEMS       226

15.2.6      ELEVONX             227

15.2.7      FIXAR-AERO LLC               228

15.2.8      CENSYS TECHNOLOGIES              229

15.2.9      SKYETON             230

15.2.10   VTOL AVIATION INDIA PVT. LTD.            231

16            RESEARCH METHODOLOGY       232

16.1         RESEARCH DATA              232

16.1.1      SECONDARY DATA          233

16.1.1.1  Key data from secondary sources       234

16.1.2      PRIMARY DATA 234

16.1.2.1  Key data from primary sources           235

16.1.2.2  Breakdown of primaries      235

16.2         FACTOR ANALYSIS          236

16.2.1      INTRODUCTION              236

16.2.2      DEMAND-SIDE INDICATORS      236

16.2.3      SUPPLY-SIDE INDICATORS          236

16.3         MARKET SIZE ESTIMATION         237

16.3.1      BOTTOM-UP APPROACH              237

16.3.2      TOP-DOWN APPROACH                238

16.4         MARKET BREAKDOWN AND DATA TRIANGULATION                 239

16.5         RISK ANALYSIS  240

16.6         RESEARCH LIMITATIONS             240

16.7         RESEARCH ASSUMPTIONS           240

17            APPENDIX           241

17.1         DISCUSSION GUIDE        241

17.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                244

17.3         CUSTOMIZATION OPTIONS        246

17.4         RELATED REPORTS         246

17.5         AUTHOR DETAILS           247

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 30

TABLE 2                USD EXCHANGE RATES, 2020-2024             31

TABLE 3                COMPARISON BETWEEN BUSINESS MODELS                 38

TABLE 4                COST BREAKDOWN OF VTOL UAV, BY WEIGHT CLASS (TYPICAL RANGES)           42

TABLE 5                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)                 44

TABLE 6                KEY BUYING CRITERIA, BY APPLICATION                 45

TABLE 7                LIST OF MAJOR PATENTS FOR FIXED-WING VTOL UAV, 2020-2025      50

TABLE 8                TOP USE CASES AND MARKET POTENTIAL                 52

TABLE 9                BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           53

TABLE 10              INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS        53

TABLE 11              FIXED-WING VTOL UAV MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM              61

TABLE 12              TARIFF DATA FOR FIXED-WING VTOL UAV, HS CODE 8806, 2024                64

TABLE 13              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHERS              65

TABLE 14              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHERS              65

TABLE 15              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHERS              66

TABLE 16              MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHERS              67

TABLE 17              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHERS              67

TABLE 18              INDICATIVE PRICING ANALYSIS, BY MTOW, 2025 (USD MILLION) 69

TABLE 19              INDICATIVE PRICING ANALYSIS, BY ENDURANCE, 2025 (USD MILLION)          69

TABLE 20             IMPORT DATA FOR HS CODE 8806, BY COUNTRY, 2020–2024 (USD THOUSAND)      71

TABLE 21             EXPORT DATA FOR HS CODE 8806, BY COUNTRY, 2020–2024 (USD THOUSAND)      73

TABLE 22              FIXED-WING VTOL UAV MARKET, VOLUME DATA, 2021–2024 (UNITS)              75

TABLE 23              FIXED-WING VTOL UAV MARKET, VOLUME DATA, 2025–2030 (UNITS)              75

TABLE 24              FIXED-WING VTOL UAV MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 76

TABLE 25              IMPOSED BY US FOR DRONES AND THEIR SYSTEMS, BY COUNTRY                 81

TABLE 26              KEY MODEL-WISE PRICE IMPACT ANALYSIS                 82

TABLE 27              FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              85

TABLE 28              FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              85

TABLE 29              FIXED-WING VTOL UAV MARKET, BY MILITARY APPLICATION,

2021–2024 (USD MILLION)            86

TABLE 30              FIXED-WING VTOL UAV MARKET, BY MILITARY APPLICATION,

2025–2030 (USD MILLION)            86

TABLE 31              FIXED-WING VTOL UAV MARKET, BY COMMERCIAL APPLICATION,

2021–2024 (USD MILLION)            88

TABLE 32              FIXED-WING VTOL UAV MARKET, BY COMMERCIAL APPLICATION,

2025–2030 (USD MILLION)            88

TABLE 33              FIXED-WING VTOL UAV MARKET, BY GOVERNMENT & LAW ENFORCEMENT APPLICATION, 2021–2024 (USD MILLION) 91

TABLE 34              FIXED-WING VTOL UAV MARKET, BY GOVERNMENT & LAW ENFORCEMENT,

2025–2030 (USD MILLION)            91

TABLE 35              FIXED-WING VTOL UAV MARKET, BY ENDURANCE, 2021–2024 (USD MILLION)                96

TABLE 36              FIXED-WING VTOL UAV MARKET, BY ENDURANCE, 2025–2030 (USD MILLION)                96

TABLE 37              FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            99

TABLE 38              FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            99

TABLE 39              FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            102

TABLE 40              FIXED-WING VTOL UAV MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            102

TABLE 41              FIXED-WING VTOL UAV MARKET, BY PROPULSION, 2021–2024 (USD MILLION)               105

TABLE 42              FIXED-WING VTOL UAV MARKET, BY PROPULSION, 2025–2030 (USD MILLION)               105

TABLE 43              FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            108

TABLE 44              FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            108

TABLE 45              FIXED-WING VTOL UAV MARKET, BY POINT OF SALE, 2021–2024 (USD MILLION)                111

TABLE 46              FIXED-WING VTOL UAV MARKET, BY POINT OF SALE, 2025–2030 (USD MILLION)                111

TABLE 47              FIXED-WING VTOL UAV MARKET, BY REGION, 2021–2024 (USD MILLION)            115

TABLE 48              FIXED-WING VTOL UAV MARKET, BY REGION, 2025–2030 (USD MILLION)            115

TABLE 49              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            116

TABLE 50              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            116

TABLE 51              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            117

TABLE 52              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            117

TABLE 53              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            117

TABLE 54              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            117

TABLE 55              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            118

TABLE 56              NORTH AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            118

TABLE 57              US: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              119

TABLE 58              US: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              119

TABLE 59             US: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            119

TABLE 60             US: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            119

TABLE 61              US: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            120

TABLE 62              US: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            120

TABLE 63              CANADA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            121

TABLE 64              CANADA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            121

TABLE 65              CANADA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            121

TABLE 66              CANADA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            121

TABLE 67              CANADA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            122

TABLE 68              CANADA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            122

TABLE 69              EUROPE: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            123

TABLE 70              EUROPE: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            124

TABLE 71              EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            124

TABLE 72              EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            124

TABLE 73              EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            124

TABLE 74              EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            125

TABLE 75              EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            125

TABLE 76              EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            125

TABLE 77              UK: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              126

TABLE 78              UK: FIXED-WING VTOL UAV MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              126

TABLE 79              UK: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            126

TABLE 80              UK: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            127

TABLE 81             UK: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            127

TABLE 82             UK: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            127

TABLE 83              FRANCE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            128

TABLE 84              FRANCE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            128

TABLE 85              FRANCE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            128

TABLE 86              FRANCE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            128

TABLE 87              FRANCE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            129

TABLE 88              FRANCE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            129

TABLE 89              GERMANY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            130

TABLE 90              GERMANY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            130

TABLE 91              GERMANY: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            130

TABLE 92              GERMANY: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            130

TABLE 93              GERMANY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            131

TABLE 94              GERMANY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            131

TABLE 95              ITALY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            131

TABLE 96              ITALY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            132

TABLE 97              ITALY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            132

TABLE 98              ITALY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            132

TABLE 99              ITALY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            132

TABLE 100            ITALY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            133

TABLE 101            RUSSIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            133

TABLE 102            RUSSIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            133

TABLE 103            RUSSIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            134

TABLE 104            RUSSIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            134

TABLE 105            RUSSIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            134

TABLE 106            RUSSIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            134

TABLE 107            SWEDEN: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            135

TABLE 108            SWEDEN: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            135

TABLE 109            SWEDEN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            135

TABLE 110            SWEDEN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            136

TABLE 111            SWEDEN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            136

TABLE 112            SWEDEN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            136

TABLE 113            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            137

TABLE 114            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            137

TABLE 115            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            137

TABLE 116            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            137

TABLE 117            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            138

TABLE 118            REST OF EUROPE: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            138

TABLE 119            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            139

TABLE 120            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            140

TABLE 121            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            140

TABLE 122            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            140

TABLE 123            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            140

TABLE 124            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            141

TABLE 125            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            141

TABLE 126            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            141

TABLE 127            CHINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            142

TABLE 128            CHINA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            142

TABLE 129            CHINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            142

TABLE 130            CHINA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            142

TABLE 131            CHINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            143

TABLE 132            CHINA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            143

TABLE 133            INDIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            144

TABLE 134            INDIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            144

TABLE 135            INDIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            144

TABLE 136            INDIA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            144

TABLE 137            INDIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            145

TABLE 138            INDIA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            145

TABLE 139            JAPAN: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            146

TABLE 140            JAPAN: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            146

TABLE 141            JAPAN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            146

TABLE 142            JAPAN: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            146

TABLE 143            JAPAN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            147

TABLE 144            JAPAN: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            147

TABLE 145            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            148

TABLE 146            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            148

TABLE 147            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            148

TABLE 148            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            148

TABLE 149            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            149

TABLE 150            SOUTH KOREA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            149

TABLE 151            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            150

TABLE 152            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 153            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            150

TABLE 154            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            150

TABLE 155            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            151

TABLE 156            AUSTRALIA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            151

TABLE 157            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            151

TABLE 158            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            152

TABLE 159            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            152

TABLE 160            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            152

TABLE 161            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            152

TABLE 162            REST OF ASIA PACIFIC: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            153

TABLE 163          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            154

TABLE 164          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            155

TABLE 165          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            155

TABLE 166          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            155

TABLE 167          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            155

TABLE 168          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            156

TABLE 169          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            156

TABLE 170          MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            156

TABLE 171            UAE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            157

TABLE 172            UAE: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            157

TABLE 173            UAE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            157

TABLE 174            UAE: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            157

TABLE 175            UAE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            158

TABLE 176            UAE: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            158

TABLE 177            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            159

TABLE 178            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            159

TABLE 179            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            159

TABLE 180            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            159

TABLE 181            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            160

TABLE 182            SAUDI ARABIA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            160

TABLE 183            ISRAEL: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            161

TABLE 184            ISRAEL: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            161

TABLE 185            ISRAEL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            161

TABLE 186            ISRAEL: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            161

TABLE 187            ISRAEL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            162

TABLE 188            ISRAEL: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            162

TABLE 189            TURKEY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            163

TABLE 190            TURKEY: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            163

TABLE 191            TURKEY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            163

TABLE 192            TURKEY: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            163

TABLE 193            TURKEY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            164

TABLE 194            TURKEY: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            164

TABLE 195            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            165

TABLE 196            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            165

TABLE 197            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            165

TABLE 198            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            165

TABLE 199            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            166

TABLE 200            REST OF MIDDLE EAST: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            166

TABLE 201            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY REGION,

2021–2024 (USD MILLION)            167

TABLE 202            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY REGION,

2025–2030 (USD MILLION)            167

TABLE 203            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            168

TABLE 204            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            168

TABLE 205            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            168

TABLE 206            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            168

TABLE 207            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            169

TABLE 208            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            169

TABLE 209            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            170

TABLE 210            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            170

TABLE 211            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2021–2024 (USD MILLION)            170

TABLE 212            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY RANGE,

2025–2030 (USD MILLION)            170

TABLE 213            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2021–2024 (USD MILLION)            171

TABLE 214            LATIN AMERICA: FIXED-WING VTOL UAV MARKET, BY MTOW,

2025–2030 (USD MILLION)            171

TABLE 215            AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            172

TABLE 216            AFRICA: FIXED-WING VTOL UAV MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            172

TABLE 217            AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2021–2024 (USD MILLION)            172

TABLE 218            AFRICA: FIXED-WING VTOL UAV MARKET, BY RANGE, 2025–2030 (USD MILLION)            172

TABLE 219            AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2021–2024 (USD MILLION)            173

TABLE 220            AFRICA: FIXED-WING VTOL UAV MARKET, BY MTOW, 2025–2030 (USD MILLION)            173

TABLE 221            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025        174

TABLE 222            FIXED-WING VTOL UAV MARKET: DEGREE OF COMPETITION 176

TABLE 223            FIXED-WING VTOL UAV MARKET: REGION FOOTPRINT       182

TABLE 224            FIXED-WING VTOL UAV MARKET: APPLICATION FOOTPRINT         183

TABLE 225            FIXED-WING VTOL UAV MARKET: PROPULSION FOOTPRINT       184

TABLE 226            FIXED-WING VTOL UAV MARKET: POINT OF SALE FOOTPRINT            184

TABLE 227            FIXED-WING VTOL UAV MARKET: LIST OF START-UPS/SMES            186

TABLE 228            FIXED-WING VTOL UAV MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES    187

TABLE 229            FIXED-WING VTOL UAV MARKET: DEALS, JANUARY 2021–SEPTEMBER 2025                188

TABLE 230            FIXED-WING VTOL UAV MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–SEPTEMBER 2025                190

TABLE 231            ALTI UNMANNED: COMPANY OVERVIEW                 191

TABLE 232            ALTI UNMANNED: PRODUCTS OFFERED                 191

TABLE 233            ALTI UNMANNED: DEALS            192

TABLE 234            UKRSPECSYSTEMS: COMPANY OVERVIEW                 193

TABLE 235            UKRSPECSYSTEMS: PRODUCTS OFFERED                 193

TABLE 236            UKRSPECSYSTEMS: DEALS           194

TABLE 237            AEROVIRONMENT, INC.: COMPANY OVERVIEW                 195

TABLE 238            AEROVIRONMENT, INC.: PRODUCTS OFFERED                 196

TABLE 239            AEROVIRONMENT, INC.: DEALS                197

TABLE 240            AEROVIRONMENT, INC.: OTHERS             197

TABLE 241            LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW          199

TABLE 242            LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED    200

TABLE 243            LOCKHEED MARTIN CORPORATION: PRODUCT LAUNCHES          200

TABLE 244            LOCKHEED MARTIN CORPORATION: DEALS                 201

TABLE 245            TEXTRON SYSTEMS: COMPANY OVERVIEW                 202

TABLE 246            TEXTRON SYSTEMS: PRODUCTS OFFERED                 203

TABLE 247            TEXTRON SYSTEMS: OTHERS     204

TABLE 248            VERTICAL TECHNOLOGIES: COMPANY OVERVIEW          205

TABLE 249            VERTICAL TECHNOLOGIES: PRODUCTS OFFERED             205

TABLE 250            CARBONIX: COMPANY OVERVIEW           207

TABLE 251            CARBONIX: PRODUCTS OFFERED            207

TABLE 252            IDEAFORGE TECHNOLOGY INC.: COMPANY OVERVIEW          208

TABLE 253            IDEAFORGE TECHNOLOGY INC.: PRODUCTS OFFERED             208

TABLE 254            IDEAFORGE TECHNOLOGY INC: OTHERS                 209

TABLE 255            QUANTUM-SYSTEMS GMBH: COMPANY OVERVIEW          210

TABLE 256            QUANTUM-SYSTEMS GMBH: PRODUCTS OFFERED             210

TABLE 257            QUANTUM-SYSTEMS GMBH: DEALS       211

TABLE 258            QUANTUM-SYSTEMS GMBH: OTHERS    212

TABLE 259            BLUEBIRD AERO SYSTEMS: COMPANY OVERVIEW          213

TABLE 260            BLUEBIRD AERO SYSTEMS: PRODUCTS OFFERED             213

TABLE 261            BLUEBIRD AERO SYSTEMS: DEALS           214

TABLE 262            AUTEL ROBOTICS: COMPANY OVERVIEW                 215

TABLE 263            AUTEL ROBOTICS: PRODUCTS OFFERED                 215

TABLE 264            THREOD SYSTEMS AS: COMPANY OVERVIEW                 216

TABLE 265            THREOD SYSTEMS AS: PRODUCTS OFFERED                 216

TABLE 266            JOUAV: COMPANY OVERVIEW   217

TABLE 267            JOUAV: PRODUCTS OFFERED    217

TABLE 268            GARUDA ROBOTICS PTE. LTD.: COMPANY OVERVIEW          219

TABLE 269            GARUDA ROBOTICS PTE. LTD.: PRODUCTS OFFERED             219

TABLE 270            ASTERIA AEROSPACE LIMITED: COMPANY OVERVIEW          220

TABLE 271            ASTERIA AEROSPACE LIMITED: PRODUCTS OFFERED             220

TABLE 272            ASTERIA AEROSPACE LIMITED: OTHERS                 221

LIST OF FIGURES

FIGURE 1              FIXED-WING VTOL UAV MARKET SEGMENTATION AND REGIONAL SNAPSHOT    29

FIGURE 2              KEY INSIGHTS AND MARKET HIGHLIGHTS                 34

FIGURE 3              OEM TO ACCOUNT FOR LARGER MARKET SHARE IN 2025   35

FIGURE 4              MIDDLE EAST TO BE DOMINANT REGIONAL MARKET DURING FORECAST PERIOD    36

FIGURE 5              BUSINESS MODELS IN FIXED-WING VTOL UAV MARKET               37

FIGURE 6              TOTAL COST OF OWNERSHIP FOR FIXED-WING VTOL UAV           40

FIGURE 7              FIXED-WING VTOL UAV MARKET DECISION-MAKING FACTORS           43

FIGURE 8              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        44

FIGURE 9              KEY BUYING CRITERIA, BY APPLICATION                 45

FIGURE 10            ADOPTION BARRIERS & INTERNAL CHALLENGES    46

FIGURE 11            TECHNOLOGY ROADMAP (2020-2035)     48

FIGURE 12            EMERGING TECHNOLOGY TRENDS        49

FIGURE 13            TOP 10 PATENT APPLICANTS IN LAST 10 YEARS                 50

FIGURE 14            FIXED-WING VTOL UAV MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          55

FIGURE 15            FIXED-WING VTOL UAV MARKET: ECOSYSTEM ANALYSIS            60

FIGURE 16            FIXED-WING VTOL UAV MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM              61

FIGURE 17            FIXED-WING VTOL UAV MARKET: VALUE CHAIN ANALYSIS            62

FIGURE 18           IMPORT DATA FOR HS CODE 8806, BY COUNTRY, 2021–2024 (USD THOUSAND)      70

FIGURE 19           EXPORT DATA FOR HS CODE 8806, BY COUNTRY,  2021–2024 (USD THOUSAND)      72

FIGURE 20            FIXED-WING VTOL UAV MARKET: INVESTMENT AND FUNDING LANDSCAPE

(2019-2024)           77

FIGURE 21            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   80

FIGURE 22            COMMERCIAL SEGMENT TO LEAD MARKET N 2025        85

FIGURE 23            < 5 HOURS SEGMENT TO LEAD MARKET IN 2025                 96

FIGURE 24            >170 KG SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          99

FIGURE 25            FULLY AUTONOMOUS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025             102

FIGURE 26            ELECTRIC SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD     105

FIGURE 27            BEYOND VISUAL LINE OF SIGHT SEGMENT TO HOLD LARGEST MARKET

SHARE IN 2025   108

FIGURE 28            OEM SEGMENT TO HOLD DOMINANT MARKET SHARE IN 2025   111

FIGURE 29            NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2025   114

FIGURE 30            NORTH AMERICA: FIXED-WING VTOL UAV MARKET SNAPSHOT       116

FIGURE 31            EUROPE: FIXED-WING VTOL UAV MARKET SNAPSHOT          123

FIGURE 32            ASIA PACIFIC: FIXED-WING VTOL UAV MARKET SNAPSHOT          139

FIGURE 33            MIDDLE EAST: FIXED-WING VTOL UAV MARKET SNAPSHOT          154

FIGURE 34            REST OF THE WORLD: FIXED-WING VTOL UAV MARKET SNAPSHOT       167

FIGURE 35            REVENUE ANALYSIS OF FIXED-WING VTOL UAV MARKET,

2021–2024 (USD MILLION)            175

FIGURE 36            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        176

FIGURE 37            BRAND/PRODUCT COMPARISON             179

FIGURE 38            COMPANY VALUATION (USD BILLION), 2025                 180

FIGURE 39            FINANCIAL METRICS (EV/EBIDTA), 2025                 180

FIGURE 40            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  181

FIGURE 41            FIXED-WING VTOL UAV MARKET: COMPANY FOOTPRINT       182

FIGURE 42            COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                186

FIGURE 43            AEROVIRONMENT, INC.: COMPANY SNAPSHOT                 196

FIGURE 44            LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT          200

FIGURE 45            TEXTRON SYSTEMS: COMPANY SNAPSHOT                 203

FIGURE 46            RESEARCH FLOW             232

FIGURE 47            RESEARCH DESIGN         233

FIGURE 48            BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION,  AND REGION     235

FIGURE 49            MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH         238

FIGURE 50            MARKET SIZE ESTIMATION: TOP-DOWN APPROACH         238

FIGURE 51            DATA TRIANGULATION                239