Dublin, June 23, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Fixed-Wing VTOL Aircraft Market - Analysis and Forecast 2017-2026 (Major Focus on Type and End-Users)" report to their offering.

The global fixed-wing VTOL aircraft market reported a revenue of $1,982.5 million in 2016

Aircrafts have been the most powerful tool for various military and non-military applications. These systems have constantly been evolving at a rapid pace, due to their extensive growth in the military and commercial sector. With various forms of innovations in the field of aircraft technology, advanced systems are being developed that are highly autonomous, have longer duration, higher speed and are easy to operate. The market of fixed-wing VTOL aircraft is expected to show robust growth due to increasing usage in military, commercial and law enforcement applications in the areas that do not have runways. AeroVironment, Textron Systems, Bell, Boeing, Arcturus UAV, Leonardo, Aurora Flight Sciences and Airbus Group, among others, are some of the major players of the fixed-wing VTOL aircraft market.

Commercial segment is expected to account for the highest revenue by the forecast year, 2026. Military segment is likely to grow at the highest rate owing to its increasing usage in the Inspection, Surveillance and Reconnaissance (ISR) applications.

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 VTOL aircrafts has been actively adopted by commercial, military and law enforcement users to carry out operations including search and rescue, reconnaissance, surveillance and situational awareness, survey and monitoring, among others. The fixed-wing VTOL aircrafts 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 VTOL aircrafts.

North America is expected to have the highest market during the forecast period (2017-2026), followed by Europe, Asia and the Rest of the World (RoW). The increase in the demand for fixed-wing VTOL aircrafts in North America is due to the need for commercial and military applications. The commercial market for fixed-wing VTOL aircrafts in the U.S. is increasing due its adaptation in oil and gas, and agricultural applications. The United States is expected to dominate the market during the forecast period 2017-2026.

The U.K. is one of the prominent countries in Europe, which is, currently, focusing on the development of fixed-wing VTOL aircraft for public safety and security.

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 aircrafts 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 VTOL aircrafts is increasing for both commercial as well as military applications.

Market Dynamics

Market Drivers

• Growing Demand of Fixed-wing VTOL Aircrafts in Defense Applications
• Faster Travel and Runway-less Platforms
• Increasing Utilization of Fixed-Wing Hybrid VTOL UAVs in Agriculture

Market Challenges

• Strict Government Regulations for Fixed-Wing Hybrid VTOL UAV
• Privacy Concerns with Small Fixed-Wing Hybrid VTOL UAV

Market Opportunities

• Emergence of More Electric Aircrafts(MEA)
• Increasing Use of Fixed-Wing Hybrid VTOL UAV in Other Commercial Applications

Key Topics Covered:

Executive Summary

1 Research Scope & Methodology

2 Market Dynamics

3 Competitive Insights

4 Industry Analysis

5 Global Fixed-Wing VTOL Aircraft Market, 2017-2026

6 Global Fixed-Wing VTOL Aircraft Market by Type

7 Global Fixed-Wing VTOL Aircraft Market by End-User

8 Fixed-Wing VTOL Aircraft Market By Geography

9 Future Opportunities

10 Company Profiles

• AeroVironment, Inc.
• Airbus Group SE
• Arcturus UAV
• Aurora Flight Sciences
• BAE Systems
• Boeing
• Israel Aerospace Industries (IAI)
• Leonardo Group
• Lockheed Martin Corporation
• Textron Inc.

For more information about this report visit https://www.researchandmarkets.com/research/7wxpx8/global_fixedwing

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