The global tilt rotor aircraft market value is projected to reach $2,830.4 million by 2031,according to CRI’s new report. The study also highlights that the market value is set to witness a CAGR of 13.47% between 2021 and 2031.
• elaborated classification of the aircraft based on end-user, technology, application, and type
• a detailed regional market share analysis, including the scrutiny of more than ten countries
• an extensive analysis of competitive benchmarking of 16 key players in the industry
• a detailed analysis of the eVTOL aircraft and drone market
The report encompasses market drivers, challenges, opportunities, competition mapping, benchmarking, and segmental analysis of regions.
This report indicates that the rising demand for tilt rotor aircraft in defense applications and improved performance compared to conventional aircraft are fueling the growth of the market.
Along with the drivers, the study highlights opportunities in the market, such as heavy investments by governments in urban air mobility and the increasing importance of tilt rotor aircraft in cargo transportation is allowing key manufacturers to expand their operations among different customers.
To gain a holistic view of the market, data from various segments have been analyzed. These segments include end-user, application, technology, type, and region. The segments are further categorized into sub-segments to get an in-depth analysis of the study.
Nilopal Ojha, the Lead Analyst, states, “The global tilt rotor aircraft market is expected to grow at a significant growth rate due to the increased capabilities of the technology compared to the conventional aircraft present in the market. The tilt rotor aircraft combines the advantages of stability and range of fixed-wing aircraft with the vertical take-off and land capabilities of a helicopter. Thus, more companies are likely to invest in this technology to expand their operations and generate huge revenues by offering solutions to numerous applications such as air taxis, air ambulance, and cargo air vehicles.
Key insights and data triangulation are done from in-depth interviews with leaders of the leading companies and market participants. The key players profiled in the report include Acubed by Airbus, BAE Systems, Bell Textron Inc., Boeing, GE Aviation, General Dynamics Corporation, Honeywell International Inc., IAI, Joby Aviation, Kitty Hawk, Leonardo S.p.A, Lilium GmbH, Lockheed Martin Corporation, Northrop Grumman, Overair, among others.
The report also offers strategic recommendations that can help the companies to track various trends, technologies, and products that are changing the market dynamics. The recommendations offer bespoke research services to help companies meet their objectives.
Who should buy this report?
• Aircraft manufacturers and component providers of tilt rotor technology
• Emerging start-ups that are trying to penetrate the market with tilt rotor technology
• Government agencies that are interested in replacing the conventional helicopters with tilt rotor aircraft for search and rescue operations, logistics and transportation services, and others
How can market intelligence on the global tilt rotor aircraft market add value to an organization’s decision-making process?
• Aid in targeting the appropriate markets for business expansion.
• Help in understanding the technological trends in the market.
• Help in the decision-making of companies to adopt various business and corporate strategies.
• Help in understanding the geographical scenario of the market.
• Helps in analyzing the competitors’ strengths and weaknesses.
Insightful Questions Covered to Enable Companies to take Strategic Decisions
• What are the major drivers, challenges, and opportunities for the global tilt rotor aircraft market during the forecast period 2021-2031?
• Who are the key players in the global tilt rotor aircraft market, and what is their competitive benchmarking?
• Which end-user (commercial, government & military) is expected to generate the maximum revenue in the near term?
• What are the recent trends in the global tilt rotor aircraft technology?
• What is the expected revenue generated by the global tilt rotor aircraft market during the forecast period 2021-2031?
• What are the strategies adopted by the key players in the market to increase their market presence in the industry?
• Which technology (manned, unmanned) in the global tilt rotor aircraft is expected to dominate the market in 2031?
• What is the revenue generated by the global tiltrotor aircraft market, by technology, by type, by application, and by end user in 2021, and what are the estimates till 2031?
• What are the competitive strengths of the key players in the global tilt rotor aircraft?
• What would be the aggravated revenue generated by the global tilt rotor aircraft market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) till 2031?
• Which region would dominate the global tilt rotor aircraft market during the forecast period?