Market Overview:
The global tilt rotor aircraft market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for tilt rotor aircraft for commercial, government and military applications. Based on type, the global tilt rotor aircraft market has been segmented into twin tilt rotors, quad tilt rotors and others. Twin tilt rotors are expected to account for a major share of the market in 2018 owing to their high efficiency and low noise levels as compared to other types of tilrotor aircrafts. Based on application, the global tilted rotor aircraft market has been segmented into commercial, government and military applications. Commercial application is expected to dominate the market duringthe forecast period owingto rising demand from passenger carriersand freight operatorsfor efficient transportation solutions. Government application is projectedto witness highest growth rateduringthe forecast period dueto increasing demand from defense forcesfor aerial reconnaissanceand troop transport operations .
Product Definition:
A tilt rotor aircraft is an aircraft that uses a pair of rotors mounted on horizontal hinges to provide lift and thrust. The rotors can be rotated 90 degrees from vertical for takeoff and landing, allowing the entire aircraft to fit in the same space as a conventional helicopter. Tilt rotor aircraft are important because they offer the performance of a fixed-wing airplane with the versatility of a helicopter.
Twin Tilt Rotors:
The twin-tilt rotor aircraft is a type of helicopter with two main rotors, which are mounted at right angles to each other. These helicopters have better stability and can perform aerobatic manoeuvers easily. The design offers a stable platform for performing aerial photography or video recording, as the camera operator can be positioned directly behind the pilot.
The global twin-tilt rotor aircraft market size was valued at USD 54 million in 2016.
Quad Tilt Rotors:
The global quad tilt rotor aircraft market size was valued at USD 6.5 billion in 2016 and is expected to witness a significant growth owing to the increasing demand for luxury air travel. The growing popularity of commercial aviation as a means of transportation has led to an increase in passenger traffic, thereby driving the need for new and replacement aircraft across various regions globally.
Application Insights:
The commercial application segment held the largest share of 61.5% in 2017. The use of tilt rotor aircraft for commercial transportation is more advantageous than the fixed-winged aircraft as they have superior fuel efficiency and are more economical to operate, which bodes well for the segment growth over the forecast period. Moreover, with improved reliability and lower maintenance cost due to fewer moving parts, these helicopters offer a reliable platform for air taxi services across various applications such as executive transport, sightseeing tours and medical evacuations among others.
The government & military application segment accounted for 32% share in 2017 owing to increased defense expenditure by countries such as China and India on advanced military equipment including armed drones that can be deployed from land or sea platforms thus driving demand over the forecast period. Furthermore, growing global terrorism issue has led several governments around world including U.S.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with a notable increase in military and government spending. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand for helicopters from various sectors including tourism, media, construction and law enforcement.
The Middle East & Africa region is projected to grow at a lucrative rate due to rising oil production coupled with steady government investments aimed at boosting infrastructure development activities across several countries such as Saudi Arabia and UAE.
Growth Factors:
- Increasing demand for air travel: The global air travel market is expected to grow at a CAGR of 5.8% from 2016 to 2021. This growth is primarily driven by the increasing number of passengers traveling for both business and leisure purposes.
- Rising disposable income: The rise in disposable income has led to an increase in the number of people traveling by air, as they can now afford to fly more often.
- Proliferation of low-cost carriers: The proliferation of low-cost carriers (LCCs) has made flying more affordable for a larger segment of the population, thereby contributing to the growth of the global air travel market.
- Development of new airports and expansion of existing ones: To meet the growing demand for air travel, many countries are expanding or developing new airports across their regions. This is helping to drive growth in the Tilt Rotor Aircraft market as well5 . Technological advancements: Ongoing technological advancements are helping Tilt Rotor Aircraft manufacturers reduce costs and improve operational efficiency, thus driving market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Tilt Rotor Aircraft Market Research Report
By Type
Twin Tilt Rotors, Quad Tilt Rotors, Others
By Application
Commercial, Government and Military
By Companies
Acubed, BAE Systems, Bell Textron Inc., Boeing, GE Aviation, General Dynamics, Honeywell Aerospace, Israel Aerospace Industries, Joby Aviation, Kitty Hawk, Acubed, Lilium GmbH, Lockheed Martin, Overair
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Tilt Rotor Aircraft Market Report Segments:
The global Tilt Rotor Aircraft market is segmented on the basis of:
Types
Twin Tilt Rotors, Quad Tilt Rotors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Government and Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acubed
- BAE Systems
- Bell Textron Inc.
- Boeing
- GE Aviation
- General Dynamics
- Honeywell Aerospace
- Israel Aerospace Industries
- Joby Aviation
- Kitty Hawk
- Acubed
- Lilium GmbH
- Lockheed Martin
- Overair
Highlights of The Tilt Rotor Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Twin Tilt Rotors
- Quad Tilt Rotors
- Others
- By Application:
- Commercial
- Government and Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tilt Rotor Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A tilt rotor aircraft is a type of helicopter that uses a tilting rotor to generate lift. This allows the helicopter to fly in any direction, making it an extremely versatile aircraft.
Some of the major companies in the tilt rotor aircraft market are Acubed, BAE Systems, Bell Textron Inc., Boeing, GE Aviation, General Dynamics, Honeywell Aerospace, Israel Aerospace Industries, Joby Aviation, Kitty Hawk, Acubed, Lilium GmbH, Lockheed Martin, Overair.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tilt Rotor Aircraft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tilt Rotor Aircraft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tilt Rotor Aircraft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tilt Rotor Aircraft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tilt Rotor Aircraft Market Size & Forecast, 2018-2028
4.5.1 Tilt Rotor Aircraft Market Size and Y-o-Y Growth
4.5.2 Tilt Rotor Aircraft Market Absolute $ Opportunity
Chapter 5 Global Tilt Rotor Aircraft Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tilt Rotor Aircraft Market Size Forecast by Type
5.2.1 Twin Tilt Rotors
5.2.2 Quad Tilt Rotors
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tilt Rotor Aircraft Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tilt Rotor Aircraft Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Government and Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tilt Rotor Aircraft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tilt Rotor Aircraft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tilt Rotor Aircraft Analysis and Forecast
9.1 Introduction
9.2 North America Tilt Rotor Aircraft Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tilt Rotor Aircraft Market Size Forecast by Type
9.6.1 Twin Tilt Rotors
9.6.2 Quad Tilt Rotors
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tilt Rotor Aircraft Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Government and Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tilt Rotor Aircraft Analysis and Forecast
10.1 Introduction
10.2 Europe Tilt Rotor Aircraft Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tilt Rotor Aircraft Market Size Forecast by Type
10.6.1 Twin Tilt Rotors
10.6.2 Quad Tilt Rotors
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tilt Rotor Aircraft Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Government and Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tilt Rotor Aircraft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tilt Rotor Aircraft Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tilt Rotor Aircraft Market Size Forecast by Type
11.6.1 Twin Tilt Rotors
11.6.2 Quad Tilt Rotors
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tilt Rotor Aircraft Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Government and Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tilt Rotor Aircraft Analysis and Forecast
12.1 Introduction
12.2 Latin America Tilt Rotor Aircraft Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tilt Rotor Aircraft Market Size Forecast by Type
12.6.1 Twin Tilt Rotors
12.6.2 Quad Tilt Rotors
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tilt Rotor Aircraft Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Government and Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tilt Rotor Aircraft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tilt Rotor Aircraft Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tilt Rotor Aircraft Market Size Forecast by Type
13.6.1 Twin Tilt Rotors
13.6.2 Quad Tilt Rotors
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tilt Rotor Aircraft Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Government and Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tilt Rotor Aircraft Market: Competitive Dashboard
14.2 Global Tilt Rotor Aircraft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acubed
14.3.2 BAE Systems
14.3.3 Bell Textron Inc.
14.3.4 Boeing
14.3.5 GE Aviation
14.3.6 General Dynamics
14.3.7 Honeywell Aerospace
14.3.8 Israel Aerospace Industries
14.3.9 Joby Aviation
14.3.10 Kitty Hawk
14.3.11 Acubed
14.3.12 Lilium GmbH
14.3.13 Lockheed Martin
14.3.14 Overair
