Military Vertical Take-Off and Landing Aircraft Market Size, Share, and Research Report
Military Vertical Take-Off and Landing Aircraft Market Report by Aircraft Type (Rotorcraft, Powered-Lift), Application (Combat Operations, Agriculture and Mining, Border Management, Battle Damage Management, and Others), End User (Military, Civil and Commercial, Homeland Security, and Others), and Region 2024-2032
The global military vertical take-off and landing aircraft market size reached US$ 44.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 84.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 44.7 Billion
Market Forecast in 2032
US$ 84.1 Billion
Market Growth Rate 2024-2032
7.1%
Military vertical take-off and landing (VTOL) aircraft operates, takes off and lands from the same place, small pad or unprepared site without the requirement of a long runway. It contains lightweight and efficient turbofans and can perform more maneuvers compared to conventional aircraft. It is widely utilized to transport troops quickly, easily and safely from a base location or aircraft carriers to battlefronts. It is also used for providing essential supplies to victims of natural calamities during rescue missions. Presently, VTOL unmanned aerial vehicles (UAVs), such as drones, that use electric motors are gaining widespread adoption in the defense and military sector worldwide as they are more energy-efficient than jet engines.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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With rising international border disputes, governing agencies of several counties are procuring and replacing existing aircraft with next-generation military equipment and weapons. This represents one of the major factors propelling the market growth. Moreover, as VTOL UAVs can land in difficult and compact areas, they are used in counterterrorism to provide surveillance and tracking terrorism activities in remote areas. Apart from this, the rising demand for military aircraft that can operate from austere bases and in the front-line combat zone is influencing the market growth positively. Their demand is also increasing in natural disaster vulnerable areas to mitigate the damage. Furthermore, due to the rising environmental concerns, manufacturers are using different technologies and production strategies to develop hybrid-electric VTOL aircraft with effective aerodynamic forces and reduced operating costs.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global military vertical take-off and landing aircraft market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on aircraft type, application and end user.
Breakup by Aircraft Type:
Rotorcraft
Powered-Lift
Breakup by Application:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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. and The Boeing Company.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Aircraft Type, Application, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global military vertical take-off and landing aircraft market was valued at US$ 44.7 Billion in 2023.
We expect the global military vertical take-off and landing aircraft market to exhibit a CAGR of 7.1% during 2024-2032.
The rising adoption of military vertical take-off and landing aircraft for transporting troops quickly, efficiently, and safely from a base location and providing essential supplies to victims of natural calamities is primarily driving the global military vertical take-off and landing aircraft market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of various aviation activities, thereby negatively impacting the global market for military vertical take-off and landing aircraft.
Based on the aircraft type, the global military vertical take-off and landing aircraft market can be categorized into rotorcraft and powered-lift. Currently, powered-lift accounts for the majority of the global market share.
Based on the application, the global military vertical take-off and landing aircraft market has been segregated into combat operations, agriculture and mining, border management, battle damage management, and others. Among these, agriculture and mining currently exhibits a clear dominance in the market.
Based on the end user, the global military vertical take-off and landing aircraft market can be bifurcated into military, civil and commercial, homeland security, and others. Currently, the civil and commercial sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global military vertical take-off and landing aircraft market include 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., and The Boeing Company.
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