Lewes, DE -- (SBWire) -- 01/06/2017 --Report forecast the global military VTOL aircraft market to grow at a CAGR of 3.94% during the period 2016-2020.
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).
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:
- Americas
- APAC
- EMEA
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.
Global Military VTOL Aircraft Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global military VTOL aircraft market: Aurora Flight Sciences, Bell Helicopter, Boeing, and Lockheed Martin.
Market driver
- Arms race among countries to develop advanced aircraft.
- For a full, detailed list, view our report
Market challenge
- Challenge due to downwash effects.
- For a full, detailed list, view our report
Market trend
- Military VTOL aircraft inspired from commercial personal VTOL jets.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 61 pages and 37 Exhibits "Global Military Vertical Take-off and Landing Aircraft Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by VTOL aircraft type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-military-vertical-take-and-landing-aircraft-market-2016-2020
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