Aspect shares: fixed-wing VTOL UAV first shares.

What does JOUAV do? This is a company that has been listed on the Science and Technology Innovation Board and is engaged in industrial drones' business. In 2015, It pioneered the " Vertical Take-off and Landing Fixed-wing UAV " with a maximum take-off weight of 6.8-105KG and a battery life of 1-8 hours. It is mainly used in surveying and mapping, geographic information, patrol inspection, security, and emergency response. Customers are mainly the departments responsible for geographic information and surveying and mapping in government departments, the State Grid, and the Seismological Bureau.
Classified by purpose, JOUAV's industrial drones for civilian use are different from DJI's consumer drones. They are troublesome to operate and are not used for aerial photography, selfies, or entertainment. The emphasis is on work efficiency.

classification Instructions
Military drone According to different purposes, they carry various professional military equipment, such as various sensors, missiles, materials, etc. These are mainly used for reconnaissance, attack, communication relay, or as a target aircraft.
Consumer drone equip with the camera, camera, and other camera equipment, equipped with PTZ and image transmission radio as needed, to meet the entertainment needs of consumers, emphasizing the portability and easy operation of flight
Industrial drone Carrying different professional loads, such as thermal infrared cameras, hyperspectral cameras, lidars, Guangnan has gold, etc., to meet the industry's application needs, emphasize the integrity of the solution, and generally need to customize production according to application requirements.

From a technical point of view, JOUAV is a "vertical take-off and landing fixed-wing UAV," which can use the fuselage and fixed-wing to generate lift. It has long endurance and is suitable for industrial operations. There is a clear division of labor from common multi-rotor UAV.

Fixed-wing UAV Fixed-wing UAV

The fixed-wing of the fuselage generates an uncrewed aerial vehicle in which thrust or pull is generated by the power plant and lift

Advantages: heavy load, long flight time, long-range, fast flight speed, etc.

Disadvantages: Poor portability, high take-off and landing requirements, inability to hover in the air, etc.

Multi-rotor UAV Multi-rotor UAV

unman aerial vehicle that obtains lift by the reaction to multiple rotors and air relative to the movement

Advantages: vertical take-off and landing, suspended in the air, simple operation, high-cost performance

Disadvantages: short flight time, small working area, slow speed, small load, etc.

Unmanned helicopter Unmanned helicopter

The power-driven rotor provides an uncrewed aerial vehicle whose main lift and propulsion.

Advantages: fast speed, heavy load, vertical take-off and landing, and hovering in the air

disadvantages: high technical complexity, high use, maintenance costs, etc.

VTOL

fixed-wing UAV

VTOL fixed-wing UAV

It adopts a composite layout combining fixed-wing and multi-rotor.

Advantages: It has long flight time, fast speed, and long-range fixed-wing UAV, and the vertical take-off and landing function of multi-rotor UAV.

Disadvantages: complex structure, poor portability, high manufacturing cost, and sales price

75% of JOUAV's business comes from unmanned aerial vehicle systems composed of unmanned aerial vehicle platforms (aircraft subsystems), flight control and navigation subsystems, ground control subsystems, and mission load subsystems.

VTOL fixed-wing industrial UAV system

The simple understanding is that this type of drone is for industrial use, so the " system " has many components, which are different from the consumer drones we usually buy from DJI. For example, the aircraft platform is responsible for take-off. The flight controls and navigation subsystem is responsible for high-precision attitude control and track keeping capabilities to help drones complete high-altitude operations. The ground control system is like the tower of an airport.

UAV system supporting software

Some customers do not know how to use them. So they directly purchase services. For example, electricity and oil require pipeline inspections, and other industries require surveying and mapping. Surveying and mapping, and geographic information are the largest application areas, accounting for 74%, followed by inspections (12%) and security (6.6%).

The difference with multi-rotor drones
Multi-rotor UAV are mature, simple in structure, simple in operation, and cost-effective. Multi-rotor UAV can also be used for small-area geographic surveying and mapping, agriculture, forestry and plant protection, and inspection and security. However, their aerodynamic efficiency and poor endurance make it impossible to work in a large area. The vertical take-off and landing fixed-wing UAV can work in a large area, but it is inflexible, poor in portability, and has a high threshold.

Industry size and growth rate

(1) UAV

UAV In 2019, the military and civilian drone markets totaled 136.68 billion yuan, each accounting for half of the two. The civilian market was 65.738 billion yuan, accounting for 48.31%. It is expected to reach 500 billion yuan by 2024, and the 5-year CAGR=29.73%.

(2) Civil UAV

It is estimated that by 2024, the civilian market will reach 4,157.27 yuan, with a CAGR of 44.61% in the next 5 years.

(3) Civil industrial drones

Among the 65.738 billion yuan civilian market in 2019, industrial drones' market size is 27.597 billion yuan, which is expected to reach 320.82 billion yuan by 2024 CAGR=63.34% in the next five years.

Vertical and horizontal position
JOUAV accounted for 5.4% of China's industrial drone market, ranking second, not to mention DJI, accounting for 55.1%.

In China's vertical take-off and landing fixed-wing industrial UAV market, it accounts for 53.8%, ranking first, and the rest are Guardian Defense (11.7%), Corbett (7.8%), China Haida (5.9%), and China Navigation (5.9%).

Needless to say, the leader of the whole machine is definitely DJI. Since JOUAV pioneered the "vertical take-off and landing fixed-wing industrial drone", it is naturally the leader in this segment. Given the differences in the two types of drones' application fields, it is unlikely to compete with DJI directly. For low-altitude, small-area multi-rotor UAV, high-altitude, large-area, and long-term drones are given to JOUAV.