The global military vertical take-off and landing aircraft market size reached USD 47.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 88.4 Billion by 2033, exhibiting a growth rate (CAGR) of 6.72% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 47.8 Billion |
Market Forecast in 2033
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USD 88.4 Billion |
Market Growth Rate 2025-2033 | 6.72% |
Military vertical take-off and landing (VTOL) aircraft operates, takes off and lands from the same place, small pad or unprepared site without the requirement of a long runway. It contains lightweight and efficient turbofans and can perform more maneuvers compared to conventional aircraft. It is widely utilized to transport troops quickly, easily and safely from a base location or aircraft carriers to battlefronts. It is also used for providing essential supplies to victims of natural calamities during rescue missions. Presently, VTOL unmanned aerial vehicles (UAVs), such as drones, that use electric motors are gaining widespread adoption in the defense and military sector worldwide as they are more energy-efficient than jet engines.
With rising international border disputes, governing agencies of several counties are procuring and replacing existing aircraft with next-generation military equipment and weapons. This represents one of the major factors propelling the market growth. Moreover, as VTOL UAVs can land in difficult and compact areas, they are used in counterterrorism to provide surveillance and tracking terrorism activities in remote areas. Apart from this, the rising demand for military aircraft that can operate from austere bases and in the front-line combat zone is influencing the market growth positively. Their demand is also increasing in natural disaster vulnerable areas to mitigate the damage. Furthermore, due to the rising environmental concerns, manufacturers are using different technologies and production strategies to develop hybrid-electric VTOL aircraft with effective aerodynamic forces and reduced operating costs.
IMARC Group provides an analysis of the key trends in each sub-segment of the global military vertical take-off and landing aircraft market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on aircraft type, application and end user.
Breakup by Aircraft Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroVironment Inc., Airbus SE (Airbus Group), BAE Systems Plc, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Neva Aerospace Ltd., Northrop Grumman Corporation, Saab AB, Textron Inc. and The Boeing Company.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Aircraft Type, Application, End User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | AeroVironment Inc., Airbus SE (Airbus Group), BAE Systems Plc, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Neva Aerospace Ltd., Northrop Grumman Corporation, Saab AB, Textron Inc., The Boeing Company |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global military vertical take-off and landing aircraft market was valued at USD 47.8 Billion in 2024.
We expect the global military vertical take-off and landing aircraft market to exhibit a CAGR of 6.72% during 2025-2033.
The rising adoption of military vertical take-off and landing aircraft for transporting troops quickly, efficiently, and safely from a base location and providing essential supplies to victims of natural calamities is primarily driving the global military vertical take-off and landing aircraft market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of various aviation activities, thereby negatively impacting the global market for military vertical take-off and landing aircraft.
Based on the aircraft type, the global military vertical take-off and landing aircraft market can be categorized into rotorcraft and powered-lift. Currently, powered-lift accounts for the majority of the global market share.
Based on the application, the global military vertical take-off and landing aircraft market has been segregated into combat operations, agriculture and mining, border management, battle damage management, and others. Among these, agriculture and mining currently exhibits a clear dominance in the market.
Based on the end user, the global military vertical take-off and landing aircraft market can be bifurcated into military, civil and commercial, homeland security, and others. Currently, the civil and commercial sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global military vertical take-off and landing aircraft market include AeroVironment Inc., Airbus SE (Airbus Group), BAE Systems Plc, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Neva Aerospace Ltd., Northrop Grumman Corporation, Saab AB, Textron Inc., and The Boeing Company.