Europe Tilt Rotor Aircraft Market Growth and Recent Trends by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Europe Tilt Rotor Aircraft Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Unmanned Aerial Vehicle and Manned Aerial Vehicle) and End User (Civil and Military)

Report Date : Jun 2021
Report Code : TIPRE00023041

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 81

Page Updated: Jun 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The tilt rotor aircraft market in Europe is expected to grow from US$ 57.37million in 2021 to US$ 93.33 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

The UK, Germany, France and Italy are major economies in Europe. Increasing Military Spending for Procurement of Advanced Aircraft. As global tensions have persisted over the last few years, various affected nations plan and take measures to improve and recapitalize the defense status. Threats are continually evolving, i.e., from the conventional land-based force on force to hybrid warfare. To address security threats and tackle terrorism, governments of several nations have already started to increase their defense budgets. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure rose to US$ 1,981 billion in 2020, which represents 2.6% increase from 2020. The increasing geopolitical tensions and trade wars among major countries are driving high investments in the defense sector. A significant portion of the investment is dedicated for the procurement of advanced military aircraft and tilt rotor aircraft. For instance, the deliveries of Bell Boeing V-22 Osprey, a military tilt rotor aircraft, reached 400 in June 2020, and some of recent deliveries of Bell Boeing V-22 Osprey in 2020 were to the US and Japan armed forces. Thus, the growing procurement of tilt rotor aircraft for military application is projected to drive the growth of the market during the forecast period. is also bolstering the growth of the industry.

The European tilt rotor aircraft market also had minimal impact on the market growth throughout 2020 as the majority of the products are in development stage or in prototype phase. Countries such as the UK, Italy, and Russia have a notable number of players with prominent product developments. Several manufacturers have postponed their product launch initiatives or product deliveries, which had a negative impact on the tilt rotor market. Russia launched it unmanned tilt rotor aircraft in April 2021, that was scheduled to be launched in mid-2020. The component suppliers and OEMs of tilt rotor aircraft faced challenges in supplying parts and components to the OEMs due to disruption in the supply chain. This hampered the growth of the tilt rotor market.

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Europe Tilt Rotor Aircraft Market Segmentation

Europe Tilt Rotor Aircraft Market – By Type

Unmanned Aerial Vehicle
Manned Aerial Vehicle

Europe Tilt Rotor Aircraft Market – By End User

Civil
Military

Europe Tilt Rotor Aircraft Market, by Country

France
Germany
Italy
UK
Russia
Rest of Europe

Europe Tilt Rotor Aircraft Market Mentioned

BAE Systems plc
Boeing
Honeywell International Inc.
Israel Aerospace Industries Ltd.
Leonardo S.p.A
Lockheed Martin Corporation
Northrop Grumman Corporation
Rostec

Europe Tilt Rotor Aircraft Report Scope

Report Attribute	Details
Market size in 2021	US$ 57.37 Million
Market Size by 2028	US$ 93.33 Million
Global CAGR (2021 - 2028)	7.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Unmanned Aerial Vehicle and Manned Aerial Vehicle By End User Civil and Military
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	BAE Systems plc Boeing Honeywell International Inc. Israel Aerospace Industries Ltd. Leonardo S.p.A Lockheed Martin Corporation Northrop Grumman Corporation Rostec

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Tilt Rotor Aircraft Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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