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Global Tilt Rotor Aircraft Market Overview
The Global Tilt Rotor Aircraft Market size is estimated to reach $1654.1 Million by 2026, growing at a CAGR of 9.1% over the forecast period of 2021-2026. A tilt-rotor is a kind of aircraft that uses one or more powered rotors (also known as prop rotors) installed on rotating shafts or nacelles, generally at the ends of a fixed-wing, to provide lift and propulsion. Except for a few tilt-rotors that employ different multirotor layouts, almost all tilt-rotors use a transverse rotor architecture. The VTOL capabilities are combined with the speed and range of a normal fixed-wing aircraft in the tilt-rotor design. The rotors are oriented for the vertical flight so that the axis of rotation is horizontal, providing lift in the same manner as a typical helicopter rotor does. The rotors gradually tilt forward as the aircraft speeds up, with the plane of rotation finally becoming vertical.
Impact of COVID-19 on Tilt Rotor Aircraft Market
The COVID-19 epidemic has had a major impact on the world and affects many nations. The defence sector witnessed significant expansion in production and services before the pandemic. Because of the transit prohibition, services have come to a standstill worldwide. Airlines and ships suspended operations in several nations, making freight transit difficult. It is expected to have an impact on the producers. Automobile companies, consumer electronics companies, and pharmaceutical companies rely on China and other industrialized nations for various raw resources. However, progress was hampered owing to the epidemic significantly. Furthermore, numerous nations have cut defence spending, favouring investing in technology to prevent the spread of COVID-19, a new coronavirus.
Key Takeaways from Global Tilt Rotor Aircraft Market Report:
By End Users, the market for the Military is estimated to grow at the highest CAGR during the forecast period.
Based on End Users, Global Tilt Rotor Aircraft Market is segmented into Civil and Military. The military sector now leads the market and is likely to continue to do so during the projected period with a CAGR of 9.6%. BELL-BOEING offers the V-22 Osprey to the US Department of Defense at $75 million per unit. Some other firms worldwide are also heavily investing in developing military tilt-rotor aircraft. This element contributes to the military segment's dominance in the tilt-rotor industry.
The Asia Pacific to account for the largest market share during the forecast period
North America dominated the Global Tilt Rotor Aircraft Market with 34.9% in 2020. The presence of a large and well-established aerospace and military sector, as well as favourable economic policies, contribute to North America'sAmerica's good market performance. Furthermore, the United States is the only country with many V-22 Ospreys in its armed forces. Textron Inc. and Boeing, which jointly provide the V-22 Osprey, are also based in North America.
However, Asia Pacific is the fastest-growing over 2021-2026. It is owing to the increasing number of investments in developing nations such as China, India and Japan.
Market Dynamics
Driver: When tilt-rotor aircraft are used for transportation, end users can save a large amount of money while maintaining high operating efficiency drives the market demand
Rotors installed at the ends of the fixed wings provide lift and propulsion for tilt-rotor aircraft. The rotors are vertically slanted to produce lift, and as the rotors are tilted horizontally, the aircraft progressively builds forward speed. As a result, the aircraft can perform vertical take-off and landing (VTOL) like a rotary-wing aircraft while also having the range and speed of a fixed-wing aircraft. This capability eliminates the requirement for a specialized landing strip in such aircraft. In addition, these aircraft are regarded as more efficient than rotary-wing aircraft for short-distance transportation of people and commodities. Because they are primarily employed for short-distance operations, rotary-wing aircraft have a greater operational cost than fixed-wing aircraft.
Key Market Players
Key Players in Global Tilt Rotor Aircraft Market consist of BAE Systems; Bell Textron Inc.; Boeing; Israel Aerospace Industries; Leonardo; Lockheed Martin Corporation; Northrop Grumman Corporation; ROSTEC; and Aviation Industry Corporation of China, Ltd. (AVIC) are among the key market players in the global tilt-rotor aircraft market among others.
Developments
ZALA Aero, based in Russia, debuted tilt-rotor hybrid-power drones in 2021. The ZALA VTOL tilt-rotor combines the greatest features of an aircraft-type drone with a tilt-rotor, and it can change its configuration depending on the task at hand.
Report Coverage and Scope
The report "Global Tilt Rotor Aircraft Market," by Research Informatic, covers an in-depth detailed analysis for the following segment, covered under the scope.
By Type
By End-Use
By Material
By Propulsions
Geography
Chapter 1 Tilt Rotor Aircraft Market Overview
1.1 Product Overview and Scope of Tilt Rotor Aircraft
1.2 Tilt Rotor Aircraft Market Segmentation By Product Type
1.2.1 Unmanned Aerial Vehicle
1.2.2 Manned Aerial Vehicle
1.3 Tilt Rotor Aircraft Market Segmentation By End User
1.3.1 Civil
1.3.2 Military
1.4 Tilt Rotor Aircraft Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Tilt Rotor Aircraft (2015-2027)
Chapter 2 Global Economic Impact on Tilt Rotor Aircraft Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Tilt Rotor Aircraft Market Competition by Manufacturers
3.1 Global Tilt Rotor Aircraft Production and Share by Manufacturers (2021 and 2021)
3.2 Global Tilt Rotor Aircraft Revenue and Share by Manufacturers (2021 and 2021)
3.3 Global Tilt Rotor Aircraft Average Price by Manufacturers (2021 and 2021)
3.4 Manufacturers Tilt Rotor Aircraft Manufacturing Base Distribution, Production Area and Product Type
3.5 Tilt Rotor Aircraft Market Competitive Situation and Trends
3.5.1 Tilt Rotor Aircraft Market Concentration Rate
3.5.2 Tilt Rotor Aircraft Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Tilt Rotor Aircraft Production, Revenue (Value) by Region (2015-2021)
4.1 Global Tilt Rotor Aircraft Production by Region (2015-2021)
4.2 Global Tilt Rotor Aircraft Production Market Share by Region (2015-2021)
4.3 Global Tilt Rotor Aircraft Revenue (Value) and Market Share by Region (2015-2021)
4.4 Global Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.5 North America Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.6 Europe Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.7 China Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.8 Japan Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.9 Southeast Asia Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
4.10 India Tilt Rotor Aircraft Production, Revenue, Price and Gross Margin (2015-2021)
Chapter 5 Global Tilt Rotor Aircraft Supply (Production), Consumption, Export, Import by Regions (2015-2021)
5.1 Global Tilt Rotor Aircraft Consumption by Regions (2015-2021)
5.2 North America Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
5.3 Europe Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
5.4 China Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
5.5 Japan Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
5.6 Southeast Asia Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
5.7 India Tilt Rotor Aircraft Production, Consumption, Export, Import by Regions (2015-2021)
Chapter 6 Global Tilt Rotor Aircraft Production, Revenue (Value), Price Trend by Type
6.1 Global Tilt Rotor Aircraft Production and Market Share by Type (2015-2021)
6.2 Global Tilt Rotor Aircraft Revenue and Market Share by Type (2015-2021)
6.3 Global Tilt Rotor Aircraft Price by Type (2015-2021)
6.4 Global Tilt Rotor Aircraft Production Growth by Type (2015-2021)
Chapter 7 Global Tilt Rotor Aircraft Market Analysis by Application
7.1 Global Tilt Rotor Aircraft Consumption and Market Share by Application (2015-2021)
7.2 Global Tilt Rotor Aircraft Consumption Growth Rate by Application (2015-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Tilt Rotor Aircraft Manufacturing Cost Analysis
8.1 Tilt Rotor Aircraft Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labour Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Tilt Rotor Aircraft
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Tilt Rotor Aircraft Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Tilt Rotor Aircraft Major Manufacturers in 2021
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Tilt Rotor Aircraft Market Forecast (2021-2027)
12.1 Global Tilt Rotor Aircraft Production, Revenue Forecast (2021-2027)
12.2 Global Tilt Rotor Aircraft Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Tilt Rotor Aircraft Production Forecast by Type (2021-2027)
12.4 Global Tilt Rotor Aircraft Consumption Forecast by Application (2021-2027)
12.5 Tilt Rotor Aircraft Price Forecast (2021-2027)
Chapter 13 Appendix
The defence sector witnessed significant expansion in production and services before the pandemic. Because of the transit prohibition, services have come to a standstill worldwide. Airlines and ships suspended operations in several nations, making freight transit difficult. It is expected to have an impact on the producers.
The Global Tilt Rotor Aircraft Market is growing at a CAGR of 9.1% over the forecast period of 2021-2026.
The Global Tilt Rotor Aircraft Market size is estimated to reach $1654.1 Million by 2026.Â
Key Players in Global Tilt Rotor Aircraft Market consist of BAE Systems; Bell Textron Inc.; Boeing; Israel Aerospace Industries; Leonardo; Lockheed Martin Corporation; Northrop Grumman Corporation; ROSTEC; and Aviation Industry Corporation of China, Ltd. (AVIC) are among the key market players in the global tilt-rotor aircraft market among others.
Published On:Dec-21
Base Year:2020
Historical Data:2017 - 2019
No of Pages:120
Tilt Rotor Aircraft Market By Type (Unmanned Aeria...
RD Code : AD22