Asia-Pacific Tilt Rotor Aircraft Market Growth Drivers and Forecast by 2028

The tilt rotor aircraft market in APAC is expected to grow from US$ 87.84 million in 2021 to US$ 136.08 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.

The China and Japan are major economies in APAC. Evolution of Tilt Rotor Aircraft for Civil Application. Owing to the growing number of high net individual and ultra-high net individuals across the globe, especially in emerging economies of Asia Pacific, the adoption of tilt rotor aircraft is anticipated to witness a steady growth. Until now the tilt rotor aircraft was majorly used for military application; however, recently, Leonardo S.p.A launched AW609, a tilt rotor aircraft. The tilt rotor aircraft can play a vital role in search and rescue (SAR) as well as emergency medical services (EMS) operations owing to aircraft’s long range and VTOL capabilities, with which it can potentially replace helicopters. Also, the tilt rotor aircraft can be utilized in the forthcoming urban ariel mobility industry as these aircraft have longer range compared to rotor wing aircraft, thus allowing to save significant amount of operational cost. Thus, all these factors are projected to drive the market growth in the coming years. is also bolstering the growth of the industry.

The tilt rotor aircraft market in APAC suffered minimal disruption as the number of on-going projects and development of such aircraft models is less. China is one of the prominent countries with a number of projects. The country experienced substantial loss during the 1st quarter of 2020. However, Chinese tilt rotor aircraft manufacturers revived their process and have stabilized their development processes. Apart from China, another development in the tilt rotor aircraft market in 2020 took place in Japan, where the country has taken delivery of two V-22 Osprey from Bell-Boeing in May 2020. This development has also stabilized the regions tilt rotor market.

APAC Tilt Rotor Aircraft Market Segmentation      

APAC Tilt Rotor Aircraft Market – By Type

• Unmanned Aerial Vehicle
• Manned Aerial Vehicle

APAC Tilt Rotor Aircraft Market – By End User

• Civil
• Military

APAC Tilt Rotor Aircraft Market, by Country

• China
• Japan
• Rest of APAC

APAC Tilt Rotor Aircraft Market Mentioned

• Aviation Industry Corporation of China, Ltd. (AVIC)
• BAE Systems plc
• Boeing
• Honeywell International Inc.
• Israel Aerospace Industries Ltd.
• Leonardo S.p.A
• Lockheed Martin Corporation
• Northrop Grumman Corporation

Asia-Pacific Tilt Rotor Aircraft Report Scope