Europe Fixed Wing VTOL Aircraft Market to Grow at a 32.21% of CAGR by 2027

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KEY FINDINGS
Fixed-wing VTOL aircraft is capable of vertical takeoff and landing along with the higher endurance and speed due to its aerodynamic structure. Fixed wing VTOL aircraft market by Europe is anticipated to grow with a CAGR of about 32.21% during the forecasting period of 2019-2027. The market has been valued at $XX million in the year 2018 and is depicted to generate a revenue of about $XX million by 2027.


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MARKET INSIGHTS
Some of the defence applications where fixed-wing VTOL aircraft have been deployed are Intelligence, Surveillance and Reconnaissance (ISR) operations, nuclear facility management, and armed & ammunitions monitoring, among others. Germany, the United Kingdom, France, Spain, Italy, Russia and the Rest of Europe are considered for the market analysis. The market for fixed-wing VTOL manned aircraft in Europe is expected to grow in 2018. Presently, there are various European countries that are interested in procuring fixed-wing VTOL manned aircraft for military operations. Germany is currently increasing the defence budgets for enhancing its national security.

COMPETITIVE INSIGHTS
Arcturus UAV, Bae Systems PLC, Kitty Hawk, XTI Aircraft Company, Autel Robotics, Boeing, Aurora Flight Science (acquired by Boeing), Textron Inc., Leonardo Group, Airbus Group SE, Aerovironment, Lilium Aviation, Alti UAS, Lockheed Martin Corporation, and Israel Aerospace Industries (IAI) are the core companies that have been operational in the region, which has been thoroughly profiled in the report.

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