The global market for fixed-wing VTOL drones, or uncrewed aerial vehicles (UAVs), is expected to grow from $750 million in 2021 to nearly $4.5 billion by 2030, according to a new market research report from The Brainy Insights.
Fixed-wing VTOL UAVs, which employ tilting rotors to take off and land vertically, are used for a growing number of applications, such as defense, border control, agriculture, and environmental protection. More recently, UAVs have become involved in commercial cargo delivery and shipping operations as well.
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