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

Publication Month: May 2021 | Report Code: TIPRE00018641 | No. of Pages: 122 | Category: Aerospace and Defense | Status: Published

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The tilt rotor aircraft market was valued at US$ 992.61 million in 2020 and is projected to reach US$ 1,766.18 million in 2028. The market it expected to grow at a CAGR of 8.1% during 2021–2028.

 

A tilt rotor aircraft generates its lift and propulsion with the help of rotors that are mounted at the end of the fixed wing. The rotors are vertically tilted to generate lift and further the aircraft gradually gains forward momentum as the rotors are tilted in horizontal direction. Thus, this enables the aircraft to have vertical take-off and landing capability (VTOL) of a rotary wing aircraft and the range & speed of a fixed wing aircraft. This capability eliminates the need for dedicated landing strip for such aircraft. Also, such aircraft are considered more efficient compared to a rotary wing aircraft when it comes to transporting people and goods within short distance. As rotary wing aircraft are widely used for travelling shorter distance, the operating cost of rotary wing aircraft is generally at higher side compared to fixed wing aircraft. Thus, utilizing tilt rotor aircraft for transportation application enables end users to save significant amount of operation cost. Owing to the aforementioned advantages of tilt rotor aircraft, the market is anticipated to witness steady growth during the forecast period.

 

 

Impact of COVID-19 Pandemic on Tilt Rotor Aircraft Market

The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak, the defense industry was experiencing substantial growth in terms of production and services. However, the outbreak has disrupted the supply chain. In addition, several governments have deprioritized defense spending; instead, they are investing in technologies to combat the spread of novel coronavirus that causes COVID-19. This factor weakened the production and R&D of various defense equipment during 2020, which hindered the growth of the tilt rotor aircraft market.

 

Lucrative Regional Markets for Tilt Rotor Aircraft Providers

Lucrative Regional Markets for Tilt Rotor Aircraft Providers

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Tilt Rotor Aircraft Market Insights

Growing Military Spending for Procurement of Advanced Aircraft

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.

 

Type-Based Market Insights

Based on type, the tilt rotor aircraft market is bifurcated into unmanned arial vehicle and manned ariel vehicle. Owing to the capabilities of fixed wing aircraft and rotor wing aircraft such as VTOL and long range, the tilt rotor aircraft are anticipated to gain significant traction. At present, companies such as Bell Textron Inc. along with Boeing are offering tilt rotor aircraft V-22 Osprey for military application, and recently Leonardo S.p.A. launched its AW609 for civil and military applications. The tilt rotor aircraft is majorly used for the transportation of goods and people. The V-22 Osprey aircraft is majorly used by the US armed forces. Also, in 2020, the V-22 Osprey aircraft were delivered to Japanese defense forces. Thus, the growing deployment of tilt rotor aircraft is projected to propel the growth of the market.

 

Tilt Rotor Aircraft Market, by End User– 2020 and 2028

Tilt Rotor Aircraft Market, by End User– 2020 and 2028

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Strategic Insights

The players operating in the tilt rotor aircraft market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In 2021, Russia’s ZALA Aero unveiled tilt rotor, hybrid-power drones. The tilt rotor ZALA VTOL combines the best qualities of an aircraft-type drone and a tilt rotor, and has an ability to change the configuration depending upon the task being performed.
  • In 2020, US Department of Defense awarded Bell–Boeing a US$ 4.2 billion fixed-price multiyear contract modification for the production and delivery of 58 Ospreys, including four for the government of Japan.

The report segments the global tilt rotor aircraft market as follows:

 

By Type

  • Unmanned Aerial Vehicle
  • Manned Aerial Vehicle

By End User

  • Civil
  • Military

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Rest of APAC
  • Rest of World (RoW)
    • Israel
    •  Rest of RoW

 

Company Profiles

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

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Tilt Rotor Aircraft Market Landscape

4.1       Market Overview

4.1       Porter’s Five Forces Analysis

4.1.1        Bargaining Power of Buyers

4.1.2        Bargaining Power of Suppliers

4.1.3        Threat of New Entrants

4.1.4        Threat of Substitutes

4.1.5        Competitive Rivalry

4.2       Ecosystem Analysis

5.             Tilt Rotor Aircraft Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Lower Operating Cost of Tilt Rotor Aircraft

5.1.2        Growing Military Spending for Procurement of Advanced Aircraft

5.2       Market Restraints

5.2.1        Limited Adoption by Armed Forces of Major Countries

5.3       Market Opportunities

5.3.1        Emergence of Unmanned Tilt Rotor Aircraft

5.4       Future Trends

5.4.1        Development of Tilt Rotor Aircraft for Civil Application

5.5       Impact Analysis of Drivers and Restraints

6.             Tilt Rotor Aircraft – Global Market Analysis

6.1       Global Tilt Rotor Aircraft Market Overview

6.2       Global Tilt Rotor Aircraft Market Revenue Forecast and Analysis

6.3       Market Positioning – Five Key Players

7.             Tilt Rotor Aircraft Market Revenue and Forecast To 2028 – Type

7.1       Overview

7.2       Tilt Rotor Aircraft Market, By Type (2020 & 2028)

7.3       Unmanned Aerial Vehicle

7.3.1        Overview

7.3.2        Unmanned Aerial Vehicle: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

7.4       Manned Aerial Vehicle

7.4.1        Overview

7.4.2        Manned Aerial Vehicle: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

8.             Tilt Rotor Aircraft Market Analysis and Forecast To 2028 – End User

8.1       Overview

8.2       Tilt Rotor Aircraft Market, By End User (2020 & 2028)

8.3       Civil

8.3.1        Overview

8.3.2        Civil: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

8.4       Military

8.4.1        Overview

8.4.2        Military: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

9.             Tilt Rotor Aircraft Market – Geographic Analysis

9.1       Overview

9.2       North America: Tilt Rotor Aircraft Market

9.2.1        North America: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2        North America: Tilt Rotor Aircraft Market, by Type

9.2.3        North America: Tilt Rotor Aircraft Market, by End User

9.2.4        North America: Tilt Rotor Aircraft Market, by Key Country

9.2.5        US: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.2.5.1      US: Tilt Rotor Aircraft Market, by Type

9.2.5.2      US: Tilt Rotor Aircraft Market, by End User

9.2.6        Canada: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.2.6.1      Canada: Tilt Rotor Aircraft Market, by Type

9.2.6.2      Canada: Tilt Rotor Aircraft Market, by End User

9.2.7        Mexico: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.2.7.1      Mexico: Tilt Rotor Aircraft Market, by Type

9.2.7.2      Mexico: Tilt Rotor Aircraft Market, by End User

9.3       Europe: Tilt Rotor Aircraft Market

9.3.1        Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2        Europe: Tilt Rotor Aircraft Market, by Type

9.3.3        Europe: Tilt Rotor Aircraft Market, by End User

9.3.4        Europe: Tilt Rotor Aircraft Market, by Key Country

9.3.5        France: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.5.1      France: Tilt Rotor Aircraft Market, by Type

9.3.5.2      France: Tilt Rotor Aircraft Market, by End User

9.3.6        Germany: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.6.1      Germany: Tilt Rotor Aircraft Market, by Type

9.3.6.2      Germany: Tilt Rotor Aircraft Market, by End User

9.3.7        Italy: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.7.1      Italy: Tilt Rotor Aircraft Market, by Type

9.3.7.2      Italy: Tilt Rotor Aircraft Market, by End User

9.3.8        UK: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.8.1      UK: Tilt Rotor Aircraft Market, by Type

9.3.8.2      UK: Tilt Rotor Aircraft Market, by End User

9.3.9        Russia: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.9.1      Russia: Tilt Rotor Aircraft Market, by Type

9.3.9.2      Russia: Tilt Rotor Aircraft Market, by End User

9.3.10     Rest of Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3.10.1    Rest of Europe: Tilt Rotor Aircraft Market, by Type

9.3.10.2    Rest of Europe: Tilt Rotor Aircraft Market, by End User

9.4       Asia Pacific: Tilt Rotor Aircraft Market

9.4.1        Asia Pacific: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2        Asia Pacific: Tilt Rotor Aircraft Market, by Type

9.4.3        Asia Pacific: Tilt Rotor Aircraft Market, by End User

9.4.4        Asia Pacific: Tilt Rotor Aircraft Market, by Key Country

9.4.5        China: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.4.5.1      China: Tilt Rotor Aircraft Market, by Type

9.4.5.2      China: Tilt Rotor Aircraft Market, by End User

9.4.6        Japan: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.4.6.1      Japan: Tilt Rotor Aircraft Market, by Type

9.4.6.2      Japan: Tilt Rotor Aircraft Market, by End User

9.4.7        Rest of APAC: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.4.7.1      Rest of APAC: Tilt Rotor Aircraft Market, by Type

9.4.7.2      Rest of APAC: Tilt Rotor Aircraft Market, by End User

9.5       RoW: Tilt Rotor Aircraft Market

9.5.1        RoW: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2        RoW: Tilt Rotor Aircraft Market, by Type

9.5.3        RoW: Tilt Rotor Aircraft Market, by End User

9.5.4        RoW: Tilt Rotor Aircraft Market, by Key Country

9.5.5        Israel: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.5.5.1      Israel: Tilt Rotor Aircraft Market, by Type

9.5.5.2      Israel: Tilt Rotor Aircraft Market, by End User

9.5.6        Rest of RoW: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.5.6.1      Rest of RoW: Tilt Rotor Aircraft Market, by Type

9.5.6.2      Rest of RoW: Tilt Rotor Aircraft Market, by End User

10.          Tilt Rotor Aircraft Market - COVID-19 Impact Analysis

10.1    Overview

10.1.1     North America: Impact Assessment of COVID-19 Pandemic

10.1.2     Europe: Impact Assessment of COVID-19 Pandemic

10.1.3     Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.1.4     Rest of World (RoW): Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    New Product Development

12.          Company Profiles

12.1    BAE Systems plc

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Bell Textron Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Boeing

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Honeywell International Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Israel Aerospace Industries Ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Leonardo S.p.A.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Lockheed Martin Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Northrop Grumman Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Rostec

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Aviation Industry Corporation of China, Ltd. (AVIC)

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index


LIST OF TABLES

Table 1.             Global Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Tilt Rotor Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Europe: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Europe: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Europe: Tilt Rotor Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 14.          France: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          France: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Germany: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Germany: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Italy: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Italy: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 20.          UK: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 21.          UK: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Russia: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Russia: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Rest of Europe: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Rest of Europe: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Asia Pacific: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Asia Pacific: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 28.          Asia Pacific: Tilt Rotor Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 29.          China: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 30.          China: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 31.          Japan: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32.          Japan: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 33.          Rest of APAC: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 34.          Rest of APAC: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 35.          RoW: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 36.          RoW: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 37.          RoW: Tilt Rotor Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 38.          Israel: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 39.          Israel: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 40.          Rest of RoW: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 41.          Rest of RoW: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 42.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           Tilt Rotor Aircraft Market Segmentation

Figure 2.           Tilt Rotor Aircraft Market Segmentation – By Geography

Figure 3.           Global Tilt Rotor Aircraft Market Overview

Figure 4.           Tilt Rotor Aircraft Market, by Type

Figure 5.           Tilt Rotor Aircraft Market, by End User

Figure 6.           Tilt Rotor Aircraft Market, By Geography

Figure 1.           Porter’s Five Forces Analysis

Figure 2.           Tilt Rotor Aircraft Market: Ecosystem Analysis

Figure 3.           Tilt Rotor Aircraft Market Impact Analysis of Drivers and Restraints

Figure 4.           Geographic Overview of Tilt Rotor Aircraft Market

Figure 5.           Global Tilt Rotor Aircraft Market Revenue Forecast and Analysis (US$ Million)

Figure 6.           Tilt Rotor Aircraft Market, by Type (2020 & 2028)

Figure 7.           Unmanned Aerial Vehicle: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 8.           Manned Aerial Vehicle: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 9.           Tilt Rotor Aircraft Market, By End User (2020 & 2028)

Figure 10.        Civil: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Military: Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Global Tilt Rotor Aircraft Market Revenue Share, By Region (2020 & 2028)

Figure 13.        North America: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America: Tilt Rotor Aircraft Market Revenue Share, by Type (2020 & 2028)

Figure 15.        North America: Tilt Rotor Aircraft Market Revenue Share, by End User (2020 & 2028)

Figure 16.        North America: Tilt Rotor Aircraft Market Revenue Share, by Key Country (2020 & 2028)

Figure 17.        US: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Canada: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Mexico: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe: Tilt Rotor Aircraft Market Revenue Share, by Type (2020 & 2028)

Figure 22.        Europe: Tilt Rotor Aircraft Market Revenue Share, by End User (2020 & 2028)

Figure 23.        Europe: Tilt Rotor Aircraft Market Revenue Share, by Key Country (2020 & 2028)

Figure 24.        France: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Germany: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Italy: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        UK: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Russia: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Rest of Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Asia Pacific: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Asia Pacific: Tilt Rotor Aircraft Market Revenue Share, by Type (2020 & 2028)

Figure 32.        Asia Pacific: Tilt Rotor Aircraft Market Revenue Share, by End User (2020 & 2028)

Figure 33.        Asia Pacific: Tilt Rotor Aircraft Market Revenue Share, by Key Country (2020 & 2028)

Figure 34.        China: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Japan: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Rest of APAC: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        RoW: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        RoW: Tilt Rotor Aircraft Market Revenue Share, by Type (2020 & 2028)

Figure 39.        RoW: Tilt Rotor Aircraft Market Revenue Share, by End User (2020 & 2028)

Figure 40.        RoW: Tilt Rotor Aircraft Market Revenue Share, by Key Country (2020 & 2028)

Figure 41.        Israel: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Rest of RoW: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 44.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 45.        Impact of COVID-19 Pandemic in APAC Country Markets

Figure 46.        Impact of COVID-19 Pandemic in Rest of World (RoW) Country Markets

The List of Companies - Tilt Rotor Aircraft Market

  1. BAE Systems
  2. Bell Textron Inc.
  3. Boeing
  4. Honeywell International Inc.
  5. Israel Aerospace Industries
  6. Leonardo SPA
  7. Lockheed Martin Corporation
  8. Northrop Grumman Corporation
  9. Rostec
  10. Aviation Industry Corporation of China Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global tilt rotor aircraft market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global tilt rotor aircraft market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

Based on type, the tilt rotor aircraft market is segmented into unmanned aerial vehicle and manned aerial vehicle. The tilt rotor aircraft market is experiencing steady growth owing to the increasing delivers of tilt rotor aircraft coupled with the increasing use of drones for military and civil operations. Moreover, growing R&D activities pertaining to civil tilt rotor aircraft is the other factor propelling the growth of the tilt rotor aircraft market. Further, the manned aerial vehicle segment led the market in 2020 with a highest market share.

The tilt rotor aircraft market is anticipated to witness an impressive growth rate during 2021–2028. Lower operating cost of tilt rotor aircraft and growing military spending for procurement of advanced aircraft are the primary factors contributing to the market growth. However, limited adoption by armed forces of major countries might hinder the market growth in the coming years. Despite the restraining factor, emergence of unmanned tilt rotor aircraft and development of tilt rotor aircraft for civil application are expected to fuel the future growth of the tilt rotor aircraft market.

The global tilt rotor aircraft market is fragmented into major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In 2020, the North America segment accounted for a significant share in the global tilt rotor aircraft market. Owing to the presence, robust well-established aerospace and defense industry coupled with favorable economic policies are the major reason for the largest market in North America. Moreover, the US is only country which has significant number of V-22 Osprey deployed in their armed forces. Further, the Textron Inc. along with Boeing who offer V-22 Osprey have their headquarters in North America.

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