North America Fixed Wing VTOL Aircraft Market is Estimated to Grow 13.15% CAGR By 2027.

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KEY FINDINGS
After vertical takeoff, Fixed-wing VTOL aircraft transit into the horizontal flight to attain the desired speed and altitude. North America fixed wing VTOL aircraft market is estimated to grow with 13.15% CAGR during the forecasting years of 2019-2027. The market is anticipated to capture around $XX million as revenue by the end of 2027. The base year considered for the study is 2018 and the estimated period is between 2019-2027.


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MARKET INSIGHTS
The growth of this market is driven by factors like demand from defense applications, advantages of fixed-wing VTOL over helicopters and increasing demand from the agriculture sector, out of which, the most important driver is demand from defence applications. The economies of the United States and Canada are the major influencers of the regional market growth in North America. The United States market contributes to the majority of market share. The military market for the fixed-wing VTOL manned aircraft has gained importance in the country gradually with the rising need for security in the areas where the development of runways is difficult.

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


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