Fixed-Wing VTOL Aircraft Market Analysis and Forecast - 2018 to 2028

The fixed-wing VTOL aircraft market is significantly growing due to increasing requirement in different industries. The requirement for fixed-wing VTOL aircraft is gradually emerging across different applications because of the following advantages:

• Ease of use
• Vertical Takeoff and Landing (VTOL) and hover flight
• Improved aerodynamics
• Ability to operate in confined area

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Bell Boeing V-22 Osprey is the only fixed-wing VTOL manned aircraft that is used by military. This aircraft is only operated by the U.S. marines, air force, and navy. For instance, in March 2018, the joint venture of Bell Helicopter and Textron System received an order of worth $XX million from the U.S. Navy for repairing the parts of V-22 Osprey. This section is only focused on the military applications of fixed-wing VTOL manned aircraft. However, some of the ongoing developments which focus on its applications in law-enforcement industry are also included in this section.

Military is the most potential end user segment for the use of fixed-wing VTOL manned aircraft due to better aerodynamics structure of such aircraft as compared to that of the helicopters. The military segment initiated its interest toward the use of fixed-wing VTOL manned aircraft for carrying out various operations in difficult circumstances. Apart from the U.S., several other nations such as Japan and Israel are also developing their interest in procurement of fixed-wing VTOL manned aircraft primarily for military operations.

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