The Global Electric Vertical Take-Off and Landing (VTOL) Vehicle Market is anticipated to develop at a significant growth rate over the analysis period 2022-2028.
Market Definition
Vertical take- off and landing aircraft is that aircraft that can take- off and land vertically. They are of different types like helicopter, fixed wing aircraft, cyclocopters etc. In military there are mainly two types of VTOL aircraft- tiltrotor and jet thrust. They usually are safe and have efficiency and speed. They are widely used by military due to which this market growing tremendously.
COVID-19 Impact on the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market
COVID-19's effects have significantly altered the business environment for 2020 and had a detrimental effect on both production and sales across the board for the automobile industry. The COVID-19 epidemic caused a significant blow to the global economy. Global sales of electric vehicles were, on average, 15% lower in the first half of 2020 than in 2019. The growth of the Electric Vertical Take-Off and Landing (VTOL) Vehicle business was adversely impacted by the drop in electric car sales. However, it is anticipated that future market acceptance would be favored by the economic recovery and governments gradually removing lockup restrictions.
Some Of The Major Players Operating In The Electric Vertical Take-Off And Landing Market Are:
- Turkish Aerospace Industries Inc
- IdeaForge
- Schiebel Elektronische Gerate GmbH
- Israel Aerospace Industries Ltd
- Boeing Company
- Textron Inc
- Saab Group
- AeroVironment Inc
- Lockheed Martin Corporation
- DJI Innovations
- Latitude Engineering
- Northrop Grumman Corporation Other Major Players.
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Market Segmentation:
By Type
- Fixed-Wing
- Multi-rotor
By Application
- Military
- Government
- Commercial
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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