A military vertical take-off and landing aircraft is one that can land, take off and hover vertically. Based on aircraft type, the market is segmented into rotorcraft and powered-lift VTOL aircraft. In 2016, in terms of aircraft type, the powered-lift VTOL aircraft segment dominated the market followed by rotorcraft and is anticipated to remain the dominant segment in the near future as well. The powered-lift VTOL aircraft can take the vertical position using operates and rotors similar to a helicopter during hovering, landing and take-off. Due to this factor, the powered-lift VTOL aircraft segment in military vertical take-off and landing aircraft market is expected to dominate in the near future.
Based on end user, the market is segmented into military, commercial and law enforcement. In 2016, in terms of platform, the commercial segment dominated the market followed by military segment and is anticipated to remain the dominant segment in the near future as well. Faster travel & runway-less platforms and increase in the demand of powered-lift VTOL aircraft are some of the key factor boosting the demand of commercial segment in military vertical take-off and landing aircraft market for the forecast period of 2017 – 2025.
Based on application, the market is segmented into combat operations, agriculture, mining, oil & gas, border management, battle damage management, search & rescue and others. In 2016, in terms of application, the agriculture segment dominated the market followed by combat operations segment and is anticipated to remain the dominant segment in the near future as well. Growing utilization of powered-lift VTOL aircraft in agriculture is one of the major factor boosting the demand military vertical take-off and landing aircraft in agriculture segment for the forecast period of 2017 – 2025.
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One of the major trends boosting the market for the military vertical take-off and landing aircraft is the growth of fully electrical vertical lift aircrafts. The effectiveness of electric systems over combustion systems and growing demand for fuel efficient environment-friendly aircrafts are some of the key factors boosting the demand of military vertical take-off and landing aircraft market for the forecast period of 2017 – 2025.
The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, the North America dominated the market followed by Europe and is anticipated to remain the dominant region in the near future as well. The U.S. is expected to be the key market of the North America region. Increasing demand of powered-lift VTOL aircraft in military applications is one of the major factor boosting the demand of military vertical take-off and landing aircraft market in North America. Increase in the investments from the US defense government towards VTOL aircraft development projects is anticipated to be the major factor driving the market for the military vertical take-off and landing aircraft in the U.S. as well as in North America.
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