The global tilt rotor aircraft market value is projected to reach $2,830.4 million by 2031, reveals the premium market intelligence study. The study also highlights that the market value is set to witness a CAGR of 13.47% between 2021 and 2031.
The comprehensive research study of the global tilt rotor aircraft market covers:
The report encompasses market drivers, challenges, opportunities, competition mapping, benchmarking, and segmental analysis of regions.
This study 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, 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.
Source: ASDReports - Market Research
Date: May 3, 2021
Share this news: