Military Vertical Take-Off and Landing Aircraft Market Report 2023-2028 | CAGR of 7.9%

PRESS RELEASE

Published March 22, 2023

According to the latest report by IMARC Group, titled "Military Vertical Take-Off and Landing Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global military vertical take-off and landing aircraft market size reached US$ 41.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 65.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028. Military vertical take-off and landing (VTOL) aircraft are aircraft variants that can take off, hover and land vertically without the need for a runway or other conventional take-off and landing infrastructure. It contains lightweight and efficient turbofans and can perform more maneuvers compared to conventional aircraft. It offers several advantages, including the ability to operate in areas where runways are unavailable, the capability to hover in place for extended periods of time, and increased flexibility in deployment. It is used to transport troops quickly and safely from base locations or aircraft carriers to combat zones. They are also utilized during rescue missions to deliver vital supplies to those affected by natural disasters.

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Military Vertical Take-off And Landing Aircraft Market Report 2023

Industry Growth:

The increasing geopolitical tensions among several countries are driving the global market. Moreover, the rising investment by governments and defense organizations in military modernization programs is also contributing to the growth of the VTOL aircraft market. Furthermore, due to the rising environmental concerns, several major companies are using different technologies and production strategies to develop hybrid-electric VTOL aircraft with effective aerodynamic forces and reduced operating costs, thus creating a positive market outlook. Besides, the growing demand for unmanned aerial vehicles (UAVs) with VTOL capabilities, such as drones, is significantly supporting the market as they offer increased efficiency and reduced risk to human life.

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Key Market Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

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
Market Outlook
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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