Press Release

Fixed-Wing Vertical Take-Off & Landing (VTOL) Market to Reach USD 3.6 Billion by 2030 With an Anticipated CAGR of 20%

The Global Fixed-Wing Vertical Take-Off & Landing (VTOL) Market was valued at around USD1.2 Billion in 2024 and is projected to reach USD3.6 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 20% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The ease of take-off and land operations without any requirement of runway patches is the main reason for the high use of fixed-wing VTOL crafts in defense as well as the commercial sector.

Moreover, various metro cities around the world experience high traffic jams regularly, mainly during office working hours. As a result, it takes several minutes to travel a few kilometers by road. It makes it difficult for people to reach their destinations on time. As a result, air taxis would be the best replacement as they can pick up and drop the passengers at their desired location while avoiding the traffic and hence saving their time. Additionally, as they have electric rotors, they do not cause air pollution and hence align with the sustainability goals of various countries. Not only working people, these air taxis are also expected to witness growth due to the increasing tourism sector. Billions of people visit foreign countries every year and their number is continuously increasing over the years.  As a result, the demand for Urban Air Mobility (UAM) will also increase to ensure fast travel, sightseeing for various tourist attractions, and so on.

Furthermore, the rising e-commerce sector will provide lucrative growth opportunities for the market. As people are inclined toward online shopping, there will be increasing demand for superfast deliveries. Unmanned fixed-wing VTOL drones can be the best alternative to address such requirements. They can reach the address in a few minutes and can land there to ensure safe delivery of the product. Therefore, the take-off and landing operations of fixed-wing VTOLs have made them the best alternative for air taxis, cargo drones, naval fighter jets, etc., and this trend is expected to continue in the forecast period as well, further states the research report, “Global Fixed-Wing Vertical Take-Off & Landing (VTOL) Market Analysis, 2025.”

Global Fixed-Wing Vertical Take-Off & Landing (VTOL) Market Segmentation Analysis

Electric Fixed-Wing (VTOL) to Hold a Major Market Share During Forecast Period

Based on the type, the market is further bifurcated into Electric Fixed-Wing VTOL, Conventional Fixed-Wing VTOL, and Hybrid Fixed-Wing VTOL. Here, the electric VTOLs are expected to dominate the market with a market share of around 67%. This is because electric VTOLs have very low operational costs as compared to conventional ones such as helicopters and private jets. In 2025, air taxis are expected to launch at a price of around USD3 per person per mile, which is highly reasonable. Moreover, these are equipped with electric rotors that do not cause any carbon emissions. Hence, their operations align with the sustainability goals of various regions, especially in the metro cities where car traffic is the main reason for pollution. Therefore, the advantages offered by eVTOLs would result in their high use. As a result, their production will also increase, thus fueling their dominance.

North America is the Epicenter of the Fixed-Wing VTOL Industry

Regionally, North America dominates the fixed-wing vertical take-off & landing (VTOL) industry with a market share of around 41%. This is because of the presence of major VTOL air taxi manufacturers in this region. Companies such as Joby Aviation, Urban Aeronautics, Lilium Aviation, etc., are present in North America and perform regular innovations in their crafts that are mostly tested and used in this region only. The high earning of people in this region further supports the operation of such companies. Moreover, the US in this region has the highest number of VTOL-based fighter jets such as F-35B VTOL aircraft, Boeing AV-8B Harrier GR5, AV-8B Harrier II, etc. Therefore, North America is the most prominent producer and user of fixed-wing VTOLs, thus leading the market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Bell Textron, Joby Aviation, Vertical Aerospace, Lockheed Martin, Aurora Flight Sciences, EHang, Karem Aircraft, AeroVironment, Urban Aeronautics, Hyundai Motor Group, Lilium, Pipistrel, Beta Technologies, Wisk Aero, Volocopter, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?