Global Tilt Rotor Aircraft market is anticipated to witness the high growth in the forecasted years on account of the burgeoning collaboration between ridesharing company and carmaker to manufacture electric vertical take-off and landing (eVTOL) tilt-rotor aircraft to serve as air taxis, the introduction of new aircraft and increasing expansion in tiltrotor aircraft market in the emerging countries due to rising air traffic congestions.
According to MarkNtel Advisors’ research report “Global Tilt Rotor Aircraft Market Analysis, 2021”, the Global Tilt Rotor Aircraft market is anticipated to grow at a CAGR of around 5% during 2021-26F. Based on Type, Unnamed Aerial Vehicle acquired the significant market share on account to extensive funding provided by the government on the development and in research and development.
“Global Tilt Rotor Aircraft Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Tilt Rotor Aircraft providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Grabbed the Majority Market Share
North America grabbed the majority market share in the Global Tilt Rotor Aircraft in 2019. The US dominated the North America market on account of increasing investment by the government to develop testbed to support designing future tiltrotor aircraft. Moreover, Asia-pacific is also growing at a rapid rate in the forthcoming year due to surging spending toward the development of a new unmanned aerial vehicle integrating helicopter technology and fixed-wing aircraft technology as stated in MarkNtel Advisors’ research report “Global Tilt Rotor Aircraft Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Tilt Rotor Aircraft market are The Boeing Company, Korea Aerospace Research Institute (KARI), Bell Aircraft Corporation, Lockheed Martin Corporation, Honeywell Aerospace, Agusta Westland, GE Aviation, Northrop Grumman Corporation, BAE Systems plc, Raytheon Company, Israel Aerospace Industries etc.
Key questions answered in the study: