Global Fixed-Wing VTOL Aircraft Market 2018-2028: Significant Growth Expected for the $2 Billion Industry

DUBLIN, July 17, 2018 /PRNewswire/ --

The "Global Fixed-Wing VTOL Aircraft Market: Focus on Type and End-User- Analysis and Forecast from 2018 to 2028" report has been added to ResearchAndMarkets.com's offering.

The market reported a revenue of $2,009.6 million in 2017 and is expected to grow at a significant CAGR during the forecast period 2018-2028. Military, commercial, and law enforcement are the three major end-users of these aircraft.

Aircraft are the most valuable asset in the global aviation industry and are used across various military as well as commercial applications. The aviation industry mainly offers two types of aircraft such as fixed-wings and rotorcraft which can be used for military as well as commercial applications. Fixed-wing aircraft are majorly used for commercial air passenger transport to cover longer distances. These can be used for military applications in transporting the troops from place to place.

A fixed-wing aircraft requires proper runways for its takeoff and landing. Rotorcraft are another category which is majorly utilized for defense applications including intelligence, surveillance, and reconnaissance, among others. Rotorcraft are best-suited for such applications due to their hovering capability and vertical takeoff and landing (VTOL) capabilities. However, these are not as fast as compared to the fixed-wing aircraft. Therefore, the combination of both the technologies gives rise to the development of hybrid kind of aircraft which is named as fixed-wing VTOL aircraft.

Fixed-wing VTOL aircraft are capable of vertical takeoff and landing along with the higher endurance and speed due to their aerodynamic structure. After the vertical takeoff, these aircraft transit into horizontal flight to attain the desired speed and altitude. Fixed-wing VTOL aircraft are more beneficial than the other traditional aircraft as they are not dependent on any runway infrastructure. Military is the prominent end-user of fixed-wing VTOL aircraft that enables them to carry their troops to any location as and when required. The manufacturers of unmanned aerial vehicles are also using the hybrid technology for better endurance and speed. These hybrid UAVs can be deployed in various industries such as military, commercial, and law enforcement.

There are many research and development organizations that are continuously putting their efforts in developing more efficient fixed-wing hybrid VTOL UAVs. Furthermore, the manufacturers and research organizations are focused on developing electric fixed-wing VTOL aircraft which is more cost-effective and is commercialized for various industries. This will also help in enhancing the endurance for the requirement of longer flights. The global fixed-wing VTOL aircraft market is expected to show robust growth in the areas that do not have runways due to increasing usage in military, commercial, and law enforcement applications.

AeroVironment, Airbus, Arcturus UAV, Aurora Flight Sciences, BAE Systems, Boeing, Leonardo, Lockheed Martin, Israel Aerospace Industries, Textron Inc., ALTI UAS, Autel Robotics, Lilium, XTI Aircraft, and Kitty Hawk, among others, are some of the major players in the fixed-wing VTOL aircraft market.

The emergence of hybrid VTOL technology has increased the potential of fixed-wing aircraft because of combined advantage of vertical lift with forward flight. The application of fixed-wing hybrid VTOL UAVs has been actively adopted by commercial, military, and law enforcement users to carry out operations including search and rescue, reconnaissance, surveillance and situational awareness, and survey and monitoring, among others. The fixed-wing hybrid VTOL UAVs in the commercial sector are expected to have the highest demand during the forecast period and, hence, will prove as the largest potential market segment for the utilization of fixed-wing hybrid VTOL UAVs. The fixed-wing VTOL manned aircraft have only been adopted by military end-user as of now. However, the law enforcement and commercial end-user sectors are also expected to have the demand for fixed-wing manned VTOL aircraft during the forecast period 2018-2028.

North America is expected to have the highest market during the forecast period (2018-2028), followed by Asia-Pacific, Europe, and the Rest of the World (RoW). The increase in the demand for fixed-wing VTOL aircraft in North America is due to the need for commercial and military applications. The commercial market for fixed-wing hybrid VTOL UAVs in the U.S. is increasing due their incorporation in oil and gas and agricultural applications. The U.S. is expected to dominate the overall market during the forecast period 2017-2026. The U.K., one of the prominent countries in Europe, is currently focusing on the development of fixed-wing VTOL aircraft for public safety and security. Some of the other countries include Germany and France.

The Asia-Pacific region majorly consists of China, Australia, India, and South Korea in the fixed-wing VTOL aircraft market. The countries in the region are experiencing a trend of extensive investment in all forms of fixed-wing VTOL aircraft technology. China, currently, is having a large number of manufacturers while Australia is expected to grow at the highest rate. Moreover, there are ample opportunities for new entrants in this region as the demand for fixed-wing hybrid VTOL UAVs is increasing for both commercial and military applications.

Key Topics Covered:

1 Market Dynamics
1.1 Market Drivers
1.1.1 Growing Demand for Fixed-Wing VTOL Aircraft in Defense Applications
1.1.2 Runway-less Platforms
1.1.3 Increasing Demand for Fixed-Wing Hybrid VTOL UAVs in Agriculture
1.2 Market Challenges
1.2.1 Regulatory Challenges Associated with UAVs
1.2.2 Privacy & Safety Concerns with Fixed-Wing VTOL Aircraft
1.2.3 Infrastructural Challenges Associated with Flying Cars
1.3 Market Opportunities
1.3.1 Emergence of More Electric Aircraft (MEA)
1.3.2 Development of New Commercial Applications of Fixed-Wing VTOL Aircraft
1.3.3 On-Demand Urban Air Transportation
1.3.4 Growing Importance of Fixed-Wing VTOL Drones in Cargo Transportation
1.3.5 Increasing Usage in Humanitarian Relief Operations

2 Competitive Insights
2.1 Key Market Strategies and Developments
2.1.1 Partnerships, Agreements, and Contracts
2.1.2 Product Launches
2.1.3 Mergers and Acquisitions
2.1.4 Other Developments
2.2 Competitive Benchmarking Map

3 Industry Analysis
3.1 Evolution of VTOL Aircraft
3.2 Product Overview & Pricing Analysis
3.2.1 Engine Analysis: Fixed-Wing VTOL Aircraft Market
3.3 Startups & Investment Scenario
3.4 Regulatory Environment
3.4.1 Global Drone Regulatory Authorities by Country
3.4.2 Global Drone Regulations by Application
3.5 Industry Attractiveness (Porter's Five Forces Analysis)
3.6 Value Chain Analysis

4 Global Fixed-Wing VTOL Aircraft Market, 2018-2028
4.1 Assumptions and Limitations
4.2 Market Overview

5 Global Fixed-Wing VTOL Aircraft Market by Type
5.1 Market Overview
5.2 Fixed-Wing VTOL Manned Aircraft
5.3 Fixed-Wing Hybrid VTOL UAV

6 Global Fixed-Wing VTOL Aircraft Market by End-User
6.1 Market Overview
6.2 Fixed-Wing VTOL Manned Aircraft Market by End-User
6.2.1 Military
6.3 Fixed-Wing Hybrid VTOL UAV Market by End-User
6.3.1 Commercial
6.3.2 Law-enforcement
6.3.3 Military

7 Global Fixed-Wing VTOL Aircraft Market by Region

8 Global electric VTOL (eVTOL) Aircraft Market
8.1 Market Overview
8.2 The Case of Uber: Future of Urban Air Mobility

9 Company Profiles

• AeroVironment
• Airbus Group SE
• ALTI UAS
• Arcturus UAV
• Aurora Flight Science
• Autel Robotics
• BAE Systems plc
• Boeing
• Israel Aerospace Industries (IAI)
• Kitty Hawk
• Leonardo Group
• Lilium Aviation
• Lockheed Martin Corporation
• Textron Inc.
• XTI Aircraft Company

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