VTOL Drone Market Reaches Operational Maturity

Vertical take-off and landing (VTOL) drone adoption has surged, with the global market at about $8.3 billion in 2023 and projected to reach $16.7 billion by 2030, according to Grand View Research. Technological advances — battery energy-density enabling 90+ minute flights, hybrid propulsion exceeding four hours, and improved autonomy — are driving rapid military and commercial procurements and broader infrastructure and logistics applications.