VTOL UAV Market Surges to USD 21.70 Billion by 2031, Propelled by 19.17% CAGR – Verified Market Research®

The VTOL UAV market is driven by advancements in drone technology, increased demand for surveillance and reconnaissance, and applications in agriculture, logistics, and disaster management. However, market growth is restrained by high development and maintenance costs, regulatory hurdles, and concerns over privacy and safety. Additionally, limited battery life and payload capacity pose significant technical challenges. Ongoing research and investments aim to address these issues, potentially boosting market expansion.

The Global VTOL UAV Market is projected to grow at a CAGR of 19.17% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 6.36 billion in 2024 and is expected to reach USD 21.70 billion by the end of the forecast period.