Product Code: SR112024A3053
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.
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.
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:
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
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.
Key Questions Answered in This Report
- 1. What was the size of the global military vertical take-off and landing aircraft market in 2023?
- 2. What is the expected growth rate of the global military vertical take-off and landing aircraft market during 2024-2032?
- 3. What are the key factors driving the global military vertical take-off and landing aircraft market?
- 4. What has been the impact of COVID-19 on the global military vertical take-off and landing aircraft market?
- 5. What is the breakup of the global military vertical take-off and landing aircraft market based on the aircraft type?
- 6. What is the breakup of the global military vertical take-off and landing aircraft market based on the application?
- 7. What is the breakup of the global military vertical take-off and landing aircraft market based on the end user?
- 8. What are the key regions in the global military vertical take-off and landing aircraft market?
- 9. Who are the key players/companies in the global military vertical take-off and landing aircraft market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Military Vertical Take-Off and Landing Aircraft Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Aircraft Type
- 6.1 Rotorcraft
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Powered-Lift
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Combat Operations
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Agriculture and Mining
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Border Management
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Battle Damage Management
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Military
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Civil and Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Homeland Security
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AeroVironment Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Airbus SE (Airbus Group)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BAE Systems Plc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Israel Aerospace Industries Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Lockheed Martin Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Neva Aerospace Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Northrop Grumman Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Saab AB
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Textron Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 The Boeing Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis