Global Military Vertical Take-off and Landing Aircraft Market to Grow at a CAGR of 3.94% during 2016-20

Market Research Hub predicts the global military VTOL aircraft market to grow steadily during the forecast period and post a CAGR of almost 4% by 2020. This industry research report identifies the rise in number of aerial platform replacement projects to be one of the major factors that will have a positive impact on the growth of the VTOL aircraft market in the coming years.

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VTOL aircraft are capable of vertical take-off, landing, and hovering in the air. These can be classified as fixed-wing, rotorcraft, powered-lift aircraft that use powered rotors such as tiltrotor, cyclocopter, tail-sitter, tiltwing, and fan-wing. VTOL aircraft are also capable of short take-off and landing (STOL), conventional take-off and landing (CTOL), and short take-off and vertical landing (STOVL).

Global Military VTOL Aircraft Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is military VTOL aircraft inspired from commercial personal VTOL jets. Currently, having an aircraft for personal use is a growing trend, mostly in North American and European countries. This is driving the VTOL aircraft market as most of the customers are preferring an aircraft with low fuel consumption that do not require any extra place for runway and have low operational cost.
Key Vendors:

• Aurora Flight Sciences
• Bell Helicopter
• Boeing
• Lockheed Martin

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Market driver

Arms race among countries to develop advanced aircraft.
For a full, detailed list, view our report

Market challenge

Challenge due to downwash effects.
For a full, detailed list, view our report

Market trend

Military VTOL aircraft inspired from commercial personal VTOL jets.
For a full, detailed list, view our report
Key questions answered in this report:
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?

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This release was published on openPR.