GLOBAL FIXED WING VTOL AIRCRAFT MARKET FORECAST 2019-2027

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GLOBAL FIXED WING VTOL AIRCRAFT MARKET FORECAST 2019-2027

Fixed-wing VTOL aircraft is capable of vertical takeoff and landing. After vertical takeoff, these aircraft transit into the horizontal flight to attain the desired speed and altitude. Fixed-wing VTOL aircraft are more beneficial than the traditional aircraft as they are not dependent on any runway infrastructure. The global fixed-wing VTOL market was valued at $2334.82 million in 2018 & is estimated to generate net revenue of approximately $10647.11 million by 2027, growing at a CAGR of 19.11%.

GLOBAL FIXED WING VTOL AIRCRAFT MARKET FORECAST 2019-2027

Global Fixed Wing Vtol Aircraft Market by Type (Fixed-wing Vtol Manned Aircraft, Fixed-wing Hybrid Vtol Uav(Military, Law Enforcement, Commercial)) by Geography.

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Fixed-wing VTOL aircraft is capable of vertical takeoff and landing. After vertical takeoff, these aircraft transit into the horizontal flight to attain the desired speed and altitude. Fixed-wing VTOL aircraft are more beneficial than the traditional aircraft as they are not dependent on any runway infrastructure. The global fixed-wing VTOL market was valued at $2334.82 million in 2018 & is estimated to generate net revenue of approximately $10647.11 million by 2027, growing at a CAGR of 19.11%. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. The following factors drive the growth of this market:

  • Demand from defense applications
  • Advantages of fixed-wing VTOL over helicopters
  • Increasing demand from the agriculture sector

The most important driver is demand from defense applications. Fixed-wing VTOL aircraft are able to hover in the air along with vertical takeoff and landing capabilities which makes them ideal for the defense industry. Some of the defense applications where fixed-wing VTOL aircraft have been deployed are Intelligence, Surveillance, and Reconnaissance (ISR) operations, nuclear facility management, and armed & ammunitions monitoring, among others. Fixed-wing VTOL aircraft are capable of hovering around a place and help to carry out specified military operations that require close monitoring of a particular area. These aircraft can be equipped with cameras and sensors to capture the required images for gathering information. Fixed-wing VTOL aircraft can also help in taking steps for reducing terrorist attacks by deploying them in bomb investigating operations. Thus, the defense applications are major drivers for fixed-wing VTOL.

The largest segment by type is fixed-wing VTOL manned aircraft. The demand for fixed-wing VTOL manned aircraft is primarily driven by the increasing need in military applications across various countries. Several nations across the globe have increased their focus on strengthening national security. This gradually emphasizes the demand for fixed-wing VTOL manned aircraft that can carry troops to different locations as and when required. The fixed-wing hybrid VTOL UAV is the fastest growing type. Fixed-wing hybrid VTOL Unmanned Aerial Vehicle (UAV) is a new class of unmanned aerial system that can take off and land vertically. Fixed-wing hybrid VTOL UAV has efficient aerodynamics that helps in longer flight duration at higher speeds. Therefore, this type of UAV is ideal for applications that require a longer period to complete an operation. Several companies are developing fixed-wing hybrid VTOL UAV to be used for different applications.

The restraints & challenges for fixed-wing VTOL aircraft market are privacy & safety concerns, infrastructural challenges for urban air taxi and regulatory issues. The main restraint is privacy and safety concerns. Fixed-wing hybrid VTOL UAVs provide services in various sectors including law-enforcement, agriculture, and military, among others. Along with these positive characteristics, there also exists the risk to the breach of individual privacy. Small fixed-wing hybrid VTOL UAVs that are equipped with cameras and sensors are used to carry out operations for collecting the data, videos, and images. Drone cameras could invade public privacy at certain locations such as near the residential buildings and beach areas, among others. The growing use of drones has made it difficult for agencies to protect privacy. Small fixed-wing hybrid VTOL UAVs can be operated anywhere from a distance and raise the concerns about personal privacy, data privacy, and private property rights. This also makes it difficult for the manufacturers to gain the confidence of the consumers to use such aircraft.

The report on global fixed wing VTOL aircraft includes segmentation based on type:

Type is sub-segmented into:

  • Fixed-Wing VTOL Manned Aircraft
  • Fixed-Wing Hybrid VTOL UAV
    • Military
    • Law enforcement
    • Commercial

Geographically, the global fixed wing VTOL aircraft market has been segmented on the basis of four major regions, which includes:

North America is the largest market for fixed-wing VTOL. This region consists of countries such as the United States and Canada. The United States contributes the majority of market share. The U.S. is the first country which is currently manufacturing and operating fixed-wing VTOL manned aircraft named V-22 Osprey. The aircraft is currently operated by the U.S. military, the U.S. Navy and the U.S. Air Force. The military market for the fixed-wing VTOL manned aircraft has gained importance gradually with the rising need for security in the areas where the development of runways is difficult.

Europe is the fastest growing region for the market. The market for fixed-wing VTOL manned aircraft in Europe had grown significantly in 2018. Presently, various European countries are interested in procuring fixed-wing VTOL manned aircraft for military operations. For instance, the U.K. is focusing on strengthening its national security by enhancing its manned aircraft fleet. The U.K. Navy showed its interest in the procurement of V-22 Osprey in January 2017. Further, Germany is currently increasing the defense budgets for enhancing its national security. For instance, Bell Helicopter, in July 2017, offered its V-22 tiltrotor to the German air force for their heavy lift rotorcraft requirement.

The major market players of the global fixed wing VTOL aircraft market are:

  • Airbus Group SE
  • BAE System
  • Boeing
  • Israel Aerospace Industries
  • Others

Company profiles cover the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in February 2019, Aerovironment introduced the next generation of its Quantix VTOL hybrid drone and the AeroVironment Decision Support System (AV DSS) for precision agriculture. In November 2018, Alti UAS launched Search and Rescue version of the ALTI Transition VTOL UAV. In January 2019, Aurora Flight Sciences successfully completed the first test flight of its autonomous passenger air vehicle (PAV) prototype in Manassas, Virginia.

Key Findings of the global Fixed Wing VTOL Aircraft market are

  • Developments in urban air transportations
  • Strategies adopted by players involved in fixed-wing VTOL aircraft market
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • URBAN AIR TRANSPORTATION
      • STRATEGIES ADOPTED
  1. MARKET DYNAMICS
    • HISTORY OF FIXED WING VTOL AIRCRAFT
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • DEMAND FROM DEFENSE APPLICATIONS
      • ADVANTAGES OF FIXED WING VTOL OVER HELICOPTERS
      • INCREASING DEMAND FROM AGRICULTURE SECTOR
    • MARKET RESTRAINTS
      • PRIVACY & SAFETY CONCERNS
      • INFRASTRUCTURAL CHALLENGES FOR URBAN AIR MOBILITY
    • MARKET OPPORTUNITIES
      • OPPORTUNITIES FROM MORE ELECTRIC AIRCRAFT (MEA)
      • INCREASED APPLICATIONS OF FIXED-WING VTOL AIRCRAFT
      • INCREASING NEED OF FIXED- WING VTOL DRONES IN CARGO TRANSPORTATION
      • DEMAND FROM HUMANITARIAN RELIEF OPERATIONS
    • MARKET CHALLENGES
      • REGULATORY ISSUES
  1. MARKET BY TYPE
    • FIXED-WING VTOL MANNED AIRCRAFT
    • FIXED-WING HYBRID VTOL UAV
      • MILITARY
      • LAW ENFORCEMENT
      • COMMERCIAL
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  2. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA (EXCEPT ISRAEL)
      • ISRAEL
  1. COMPANY PROFILES
    • AEROVIRONMENT
    • AIRBUS GROUP SE
    • ALTI UAS
    • ARCTURUS UAV
    • AURORA FLIGHT SCIENCE (ACQUIRED BY BOEING)
    • AUTEL ROBOTICS
    • BAE SYSTEMS PLC
    • BOEING
    • ISRAEL AEROSPACE INDUSTRIES (IAI)
    • KITTY HAWK
    • LEONARDO GROUP
    • LILIUM AVIATION
    • LOCKHEED MARTIN CORPORATION
    • TEXTRON INC.
    • XTI AIRCRAFT COMPANY

TABLE LIST 

TABLE 1:       GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2:       GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

TABLE 3:       GLOBAL FIXED WING VTOL MANNED AIRCRAFT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4:       GLOBAL FIXED-WING HYBRID VTOL UAV MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

TABLE 5:       OPPORTUNITY MATRIX

TABLE 6:       VENDOR LANDSCAPE

TABLE 7:       LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 8:       GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 9:       NORTH AMERICA FIXED WING VTOL AIRCRAFT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 10:     EUROPE FIXED WING VTOL AIRCRAFT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 11:     ASIA PACIFIC FIXED WING VTOL AIRCRAFT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 12:     REST OF WORLD FIXED WING VTOL AIRCRAFT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

FIGURES LIST

FIGURE 1:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY TYPE, 2019-2027 (IN MILLIONS)

FIGURE 2:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY FIXED-WING VTOL MANNED AIRCRAFT, 2019-2027 (IN $ MILLION)

FIGURE 3:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY FIXED-WING HYBRID VTOL UAV, 2019-2027 (IN $ MILLION)

FIGURE 4:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY MILITARY, 2019-2027 (IN $ MILLION)

FIGURE 5:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY LAW ENFORCEMENT, 2019-2027 (IN $ MILLION)

FIGURE 6:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, BY COMMERCIAL, 2019-2027 (IN $ MILLION)

FIGURE 7:     PORTER’S FIVE FORCE ANALYSIS

FIGURE 8:     VALUE CHAIN ANALYSIS

FIGURE 9:     GLOBAL FIXED WING VTOL AIRCRAFT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 10:  UNITED STATES FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 11:  CANADA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 12:  UNITED KINGDOM FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 13:  GERMANY FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14:  FRANCE FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15:  SPAIN FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16:  ITALY FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17:  RUSSIA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18:  REST OF EUROPE FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19:  CHINA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20:  JAPAN FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21:  INDIA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22:  AUSTRALIA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23:  SOUTH KOREA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24:  REST OF ASIA PACIFIC FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25:  LATIN AMERICA FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26:  MIDDLE EAST & AFRICA (EXCEPT ISRAEL) FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27:  ISRAEL FIXED WING VTOL AIRCRAFT MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY TYPE
    • FIXED-WING VTOL MANNED AIRCRAFT
    • FIXED-WING HYBRID VTOL UAV
      • MILITARY
      • LAW ENFORCEMENT
      • COMMERCIAL
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA (EXCEPT ISRAEL)
      • ISRAEL

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