Tilt Rotor Aircraft Market Forecasts to 2028 – Global Analysis By Type (Twin Tilt Rotors, Quad Tilt Rotors, Mono Rotor), Material (Aluminum, Composites), and By Geography
According to Stratistics MRC, the Global Tilt Rotor Aircraft Market is accounted for $1,010.97 million in 2020 and is expected to reach $2,182.93 million by 2028 growing at a CAGR of 10.1% during the forecast period. Rising year-on-year government budgets for national security and increasing geopolitical tensions and trade wars are driving the market growth. However, limited adoption by armed forces of major countries is hampering the growth of the market.
A tilt-rotor aircraft produces its lift and momentum with the help of rotors that are mounted at the end of the fixed-wing. The rotors are vertically slanted to make the lift and advance the aircraft gradually gains forward momentum as the rotors are tilted in a horizontal path. Hence, this permits the aircraft to have perpendicular take-off and landing capability (VTOL) of a rotary-wing aircraft and the array & speed of a fixed-wing aircraft.
Based on the end-user, the government and military segment is going to have lucrative growth during the forecast period. Growing geopolitical tensions and trade wars among major countries and a significant portion of the investment are dedicated to the procurement of advanced military aircraft and tilt-rotor aircraft. Additionally, numerous companies around the world are capitalizing considerably in the expansion of military tilt-rotor aircraft.
By geography, North America is going to have high growth during the forecast period. The presence of robust well-established aerospace & defence industry, coupled with favourable economic policies, contributes to the strong market performance in North America. Besides, the US is the only country to have a huge number of V-22 Osprey installed in their armed forces.
Some of the key players profiled in the Tilt Rotor Aircraft Market include 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), GE Aviation, General Dynamics, Overair.
• Twin Tilt Rotors
• Quad Tilt Rotors
• Mono Rotor
• Conventional Fuel
• Fixed Wing Base
• Helicopter Base
• Manned Aerial Vehicle
• Unmanned Aerial Vehicle
• Air Ambulance
• Air Taxi
• Cargo Air Vehicle
• Personal Aerial Vehicle (VIP Transportation)
• Search and Rescue
End Users Covered:
• Government and Military
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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