Global Military Vertical Take-off and Landing Aircraft Market 2016-2020
About Military VTOL Aircraft
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).
Technavio’s analysts forecast the global military VTOL aircraft market to grow at a CAGR of 3.94% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global military VTOL aircraft market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military VTOL Aircraft Market 2016-2020
Technavio recognizes the following companies as the key players in the global military VTOL aircraft market: Aurora Flight Sciences, Bell Helicopter, Boeing, and Lockheed Martin.
Commenting on the report, an analyst from Technavio’s team said: “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. Additionally, the growing focus on using environmentally friendly platforms are driving the market. This technology, which is currently used for commercial purposes, is also driving the military applications VTOL aircraft, as it allows VTOL aircraft hovering.”
According to the report, one driver in the market is arms race among countries to develop advanced aircraft. Aircraft and helicopters are largely used for aerial combat as well as for support missions. Hence, most nations are investing a considerable portion of their budget for the development and upgrade of these platforms. It has been observed that focus by any specific country on development of a particular platform is likely to push other countries toward the same direction. This is mainly because of the growing arms race among countries to attain military supremacy. Although initially, only the US, Russia, and a few other countries were developing and using VTOL aircraft, over the past few years, a number of other countries have shown interest in procuring VTOL jets. This is driving the overall of market heavy-lift VTOL, tiltrotor, and other VTOL aircraft.
Further, the report states that one challenge in the market is technological roadblocks. Growing technological advancements have considerably improved the aerodynamic performance of VTOL aircraft. Nevertheless, there are few constraints that are challenging.Forward flight poses the biggest challenge for VTOL aircraft. Owing to heavy payloads, these VTOL aircraft cannot generate enough lift. This is because of the low transition between horizontal and vertical thrust, which causes the weight of the aircraft to exert pressure and result in high drag, retarding the jet. Also, the aircraft's speed and hover are conceptually conflicting parameters. If the aircraft hover time has to be increased, the speed of the aircraft is compromised and vice-versa. Thus, it is impossible to achieve efficient speed as well as hover.
Aurora Flight Sciences, Bell Helicopter, Boeing, Lockheed Martin.