Technavio Estimates Global Military Vertical Take-Off, Landing Aircraft Market CAGR at 4% in 2016-2020

Technavio has released a new report that indicates the global military vertical take-off and landing aircraft market will reach a compound annual growth rate of nearly 4 percent from 2016 through 2020.

Technavio said Wednesday the market is segmented into military powered-lift VTOL aircraft and military rotorcraft VTOL aircraft market, with the former accounting for 70 percent of the total market as of 2016.

The report spilts the global military VTOL aircraft market into the Americas, Asia Pacific and Europe, the Middle East and Africa regions.

“The Americas occupy the largest market share in VTOL aircrafts, with the highest contribution from the U.S.,” said Moutushi Saha, lead analyst at Technavio for defense research.

For example, the U.S. Air Force and Marine Corps use the V-22 Osprey aircraft – a medium-lift, multi-mission tiltrotor aircraft built by Boeing and Bell Helicopter – for various missions.

Saha added that VTOL aircraft development projects account for more than 80 percent of the U.S. military’s investments and that Latin American countries also plan to invest in the market during the forecast period.

Technavio’s report also forecasts Russia will dominate the EMEA market, whose CAGR Technavio projects at 4.48 percent due to development and procurement of aircraft that operate from bases and in combat zones.

In APAC, China represents the largest defense investments in VTOL aircraft with support from Russia in the transfer of technology used in Yak-141 supersonic VTOL fighter jet.

“With countries fighting for dominance, the market here will show the highest growth rate with a CAGR of 4.62 percent,” said Moutushi.

The report cited Aurora Flight Sciences, Bell Helicopter, Boeing and Lockheed Martin as the tier-one vendors in the global military VTOL aircraft market.

You may also be interested in...

Coalfire Federal

Coalfire Federal Certified to Offer Consulting on DOD’s Contractor Cybersecurity Standards

Coalfire Federal has been certified to provide advisory services that help businesses comply with the Department of Defense's new standards for supply chain cybersecurity. The Cybersecurity Maturity Model Certification Accreditation Body named Coalfire Federal a registered provider organization that will assist businesses in following DOD's CMMC standards, the company said Wednesday.

Nova-C lunar lander

SpaceX to Support Intuitive Machines’ Second NASA Lunar Payload Delivery Mission

Intuitive Machines has selected SpaceX’s Falcon 9 rocket to deploy a lunar lander that will carry an ice drilling instrument and a mass spectrometer as part of NASA’s Commercial Lunar Payload Services program.

Simba Chain

Simba Chain Awarded Navy Contract to Continue Dev’t of Blockhain-Based Logistics Monitoring Tech

Simba Chain has secured a $1.5M contract with the Office of Naval Research to further develop a blockchain-driven inventory surveillance technology for the Defense Logistics Agency.