According to the latest report by IMARC Group, titled “Military Vertical Take-Off and Landing Aircraft Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global military vertical take-off and landing aircraft market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the global military vertical take-off and landing aircraft market to exhibit moderate growth during 2021-2026. Military
vertical take-off and landing (VTOL) aircraft is a type of aircraft that hovers and lands vertically. There are two different types of VTOL technology, namely rotorcraft and powered-lift. Powered-lift VOTL aircraft is built for carrying heavy payloads and can operate on water, land and desert topographies. On the other hand, rotorcraft aircraft uses lift generated by rotor blades spinning around a central mast. The VTOL aircraft is also equipped with skis that allow fast transitions to take-off and land anywhere.
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Global Military Vertical Take-Off and Landing Aircraft Market Trends:
The global military VTOL aircraft market is primarily driven by the increasing security concerns due to terrorist activities. Military VTOL aircraft is especially useful for a military plane loaded up with heavy weapons to combat situations. Moreover, the leading companies are making extensive investments in research and development (R&D) activities to improve the airframe and fuel economy in military VTOL aircraft. These factors are expected to propel the market growth in the coming years.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- AeroVironment Inc.
- Airbus SE (Airbus Group)
- BAE Systems Plc
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Neva Aerospace Ltd.
- Northrop Grumman Corporation
- Saab AB
- Textron Inc.
- The Boeing Company
Breakup by Aircraft Type:
- Rotorcraft
- Powered-Lift
Breakup by Application:
- Combat Operations
- Agriculture and Mining
- Border Management
- Battle Damage Management
- Others
Breakup by End User:
- Military
- Civil and Commercial
- Homeland Security
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance 2015-2020
- Market Outlook 2021-2026
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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