Military Segment to Dominate Europe Tilt Rotor Aircraft Market during 2020–2028

According to a new market research study on “Europe Tilt Rotor Aircraft Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User,” is expected to reach US$ 93.33 million by 2028 from US$ 57.37 million in 2021. The market is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The report provides trends prevailing in the Europe tilt rotor aircraft market along with the drivers and restraints pertaining to the market growth. Increasing Military Spending for Procurement of Advanced Aircraft are the major factor driving the growth of the Europe tilt rotor aircraft market. However, Restricted Adoption by Armed Forces of Major Countries hinder the growth of Europe tilt rotor aircraft market

The European tilt rotor aircraft market also had minimal impact on the market growth throughout 2020 as the majority of the products are in development stage or in prototype phase. Countries such as the UK, Italy, and Russia have a notable number of players with prominent product developments. Several manufacturers have postponed their product launch initiatives or product deliveries, which had a negative impact on the tilt rotor market. Russia launched it unmanned tilt rotor aircraft in April 2021, that was scheduled to be launched in mid-2020. The component suppliers and OEMs of tilt rotor aircraft faced challenges in supplying parts and components to the OEMs due to disruption in the supply chain. This hampered the growth of the tilt rotor market.

The Europe tilt rotor aircraft market is segmented based on type, end user, and country. Based on type, the tilt rotor aircraft market is segmented into manned aerial vehicles and unmanned aerial vehicles. The manned aerial vehicles segment held the largest share in 2020 based on type. Based on end user, the tilt rotor aircraft market is segmented as civil and military. The military segment held the largest share in 2020 based on end user

BAE Systems plc, Boeing, Honeywell International Inc., Israel Aerospace Industries Ltd., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation are among the leading companies in the Europe tilt rotor aircraft market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Russia’s ZALA Aero Unveils Tilt rotor, hybrid-power Drones. The tilt rotor ZALA VTOL combines the best qualities of an aircraft-type drone and a tilt rotor, and also has the ability to change the configuration depending upon the task being performed.

The report segments the Europe Tilt Rotor Aircraft Market as follows:

Europe Tilt Rotor Aircraft Market – By Type

• Unmanned Aerial Vehicle
• Manned Aerial Vehicle

Europe Tilt Rotor Aircraft Market – By End User

• Civil
• Military

Europe Tilt Rotor Aircraft Market – By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe