Fixed-wing VTOL aircraft are able to take off vertically and can land in the same manner. The Asia Pacific fixed wing VTOL aircraft market is estimated to grow with 22.82% CAGR during the forecasting year 2019-2027. The market is anticipated to grow to $XX million in 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.
Asia Pacific region will show rising trends for fixed wing VTOL aircraft market in the upcoming years. Apart from several developments, various other nations in the APAC region are also rigorously undertaking developmental initiatives. The economies of China, India, Japan, South Korea, Australia, and the remaining countries collectively considered to belong to the Rest of APAC regional segment are the major influencers of the fixed-wing VTOL aircraft market in Asia Pacific region.
China is one of the prominent countries in the APAC region with a significant number of drone manufacturers, which contributes magnanimously to the growth of the UAV industry in the region. There is a growing number of UAV manufacturers who, in turn, develop the fixed-wing VTOL drones for various applications.
Some of the established companies are Autel Robotics, Boeing, Bae Systems PLC, Airbus Group SE, Kitty Hawk, Leonardo Group, Aerovironment, Aurora Flight Science (acquired by Boeing), Alti UAS, XTI Aircraft Company, Textron Inc., Lilium Aviation, Israel Aerospace Industries (IAI), Lockheed Martin Corporation, and Arcturus UAV.