Global Military Vertical Take-off and Landing Aircraft Market 2016-2020

Global outlook of the military vertical take-off and landing (VTOL) aircraft market

Technavio’s market research analysts predict 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. The advantages of VTOL aircraft especially in terms of aircraft capability and performance will induce defense agencies across the world to initiate new programs towards the replacement of old aircrafts with VTOL aircraft. As a part of the US army’s Joint-MultiRole Technology Demonstrator (JMR-TD) program, the Department of Defense (DoD) has already initiated the development of the tiltrotor V-280 Valor. Such programs will increase investments towards the development and deployment of next-generation vertical takeoff aircraft, in turn, propelling market growth.

One of the major trends that will gain traction in this market in the coming years is the development of fully electrical vertical lift aircrafts. The efficiency of electric systems over combustion systems and the constantly increasing demand for environment-friendly aircrafts that are fuel efficient will demand the development of electrical aircrafts. With the development of hybrid electric vehicles such as the Model S from Tesla that uses almost 90% of the energy into motion using the electric system, players in the aerospace industry will start focusing on the development of similar engines that can increase aircraft efficiency by enhancing the power generated by the engine. Additionally, benefits such as effective aerodynamic forces and reduced operating costs will also induce defense companies to focus on increasing their investments towards the development of electric VTOL aircrafts.

Competitive landscape and key vendors

The market is highly competitive and vendors mainly compete on the basis of various features such as cost, reliability, product quality, and aftermarket service. To gain a compeitve edge over their competitors, vendors in the market have started focusing on improving their manufacturing capabilities and enhacing their product offerings, which will also help them increase their customer base. Also, since the growth of the market players is highly-dependent on the market conditions and government support, vendors also have the need to provide cost-effective and advanced fighter aircraft equipped with latest technologie and also have to focus on increasing their customer base acorss various geographical regions.

The leading vendors in the market are -

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

Segmentation by VTOL aircraft type and analysis of the military VTOL aircraft market

• Powered-lift VTOL aircraft
• Rotorcraft

During 2015, the powered-lift VTOL aircraft segment accounted for the major market shares and dominated the market. The powered-lift VTOL aircraft can take the vertical position using rotors and operates similar to a helicopter during take-off, landing, and hovering. Once airborne, the aircraft converts to a turboprop airplane and is capable of high-altitude flight. This led to the deployment of such aircrafts in niche operations. This will result in increasing the number of partnerships and joint ventures among prime defense contractors for the development VTOL aircrafts, in turn, driving market growth in the coming years.

Geographical segmentation and analysis of the military VTOL aircraft market

• Americas
• APAC
• EMEA

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the military VTOL aircraft market throughout the next four years. The US is the major market contributor in the region, where increased investments from the US defense ministry towards a number of VTOL aircraft development projects will drive market growth during the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global military VTOL aircraft market?
• What are the key market trends impacting the growth of the global military VTOL aircraft market?
• What are the challenges to market growth?
• Who are the key vendors in the global military VTOL aircraft market?
• What are the market opportunities and threats faced by the vendors in the global military VTOL aircraft market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global military VTOL aircraft market?

Technavio also offers customization on reports based on specific client requirement.

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