In today’s scenario a lot of missions are required to be carried out civil, military and also humanitarian in rugged and Inhospitable Terrain. A fixed wing plane needs a proper runway to land and a helicopter has lower range and speed as well as low capacity, so a requirement arose for fixed wing that could land like a helicopter. This requirement resulted in the production of the Tilt Rotor Aircraft. The Asia Pacific tilt rotor aircraft marekt is estimated to register a CAGR of over 6% in the forecast period 2018 - 2023, based on current project progress.
In a Tilt Rotor Aircraft lift and propulsion is generated by its powered rotors which are usually mounted at the end of a fixed iings. This enables the aircraft to achieve vertical lift off and then work as a conventional fixed wing aircraft. It combines the advantages of a Fixed Wing Aircraft and Helicopter but without their shortcomings. In a Tilt Wing Aircraft the entire wing pivots while in a Tilt Rotor Aircraft only the rotor pivots.
The V22 Osprey which is currently the only production tilt rotor aircraft is an expensive (but capable) aircraft, both in terms of per unit cost as well as maintenance. It costs over USD 70 million per unit to purchase and its running costs are in excess of USD 83,000 per hour, and even considering the cost of running military aircraft (its cost is huge). This aspect is one of the most worrying aspect and the most major obstacle to the future of the Tilt Rotor Market. Bell needs an order of 20 per year to keep its factory running at capacity but the actual demand figure is nowhere close to that at a maximum of 5-6 per year. Same is true for the AW 609 which is an upcoming Civilian Tilt rotor Aircraft which has been built upon the experience gained on the V22 Osprey.
Cab hailing services have been designing cheap and easy to maintain, tilt rotor type aircraft and are expected to lauch first tilt rotor cab services by 2020, thus paving the way for tiltrotor aicraft market expansion in the Asia Pacific where traffic congestions are the biggest unsolved problems across most countries.
With a population of 4.2 Billion, Asia Pacific is the biggest market in the world by population and soon with the exponential growth within the future for some of its economies like India, Vietnam etc. It is on course to becoming the most economically significant region in the world.
Defence budgets of Asia Pacific countries are expected to grow at a CAGR of more than 4.5% until 2023 and Indonesia will be the fastest growing market with annual growth rates averaging about 13% a year up until 2023. The major problem in this part of the world is infrastructure and the comparatively low social overhead capital, in other words there is a shortage of runways and thus poor connectivity. Thus a market for a tilt rotor aircraft is enormous in this region as these don’t require a fully fledged runway which is difficult to make in mountainous regions and also due to low funds. But the tilt rotor can land in a helipad as easily as a helicopter and carry more transport and payload at higher speeds than a regular chopper. Hence the Tilt rotor Aircraft is perfectly suited for the Asia Pacific countries and helps them achieve their goals.
Key Players : Bell, Boeing, Lockheed Martin are some of the key players in the market.
Recent Developments
May 2018: Uber unveiled the electric flying taxi it wants to rule the skies with.
Reasons to Purchase this Report
Customization of the Report
This report can be customized to meet your requirements. Please contact us for more information.
This product will be delivered within 2 business days.
In a Tilt Rotor Aircraft lift and propulsion is generated by its powered rotors which are usually mounted at the end of a fixed iings. This enables the aircraft to achieve vertical lift off and then work as a conventional fixed wing aircraft. It combines the advantages of a Fixed Wing Aircraft and Helicopter but without their shortcomings. In a Tilt Wing Aircraft the entire wing pivots while in a Tilt Rotor Aircraft only the rotor pivots.
The V22 Osprey which is currently the only production tilt rotor aircraft is an expensive (but capable) aircraft, both in terms of per unit cost as well as maintenance. It costs over USD 70 million per unit to purchase and its running costs are in excess of USD 83,000 per hour, and even considering the cost of running military aircraft (its cost is huge). This aspect is one of the most worrying aspect and the most major obstacle to the future of the Tilt Rotor Market. Bell needs an order of 20 per year to keep its factory running at capacity but the actual demand figure is nowhere close to that at a maximum of 5-6 per year. Same is true for the AW 609 which is an upcoming Civilian Tilt rotor Aircraft which has been built upon the experience gained on the V22 Osprey.
Cab hailing services have been designing cheap and easy to maintain, tilt rotor type aircraft and are expected to lauch first tilt rotor cab services by 2020, thus paving the way for tiltrotor aicraft market expansion in the Asia Pacific where traffic congestions are the biggest unsolved problems across most countries.
With a population of 4.2 Billion, Asia Pacific is the biggest market in the world by population and soon with the exponential growth within the future for some of its economies like India, Vietnam etc. It is on course to becoming the most economically significant region in the world.
Defence budgets of Asia Pacific countries are expected to grow at a CAGR of more than 4.5% until 2023 and Indonesia will be the fastest growing market with annual growth rates averaging about 13% a year up until 2023. The major problem in this part of the world is infrastructure and the comparatively low social overhead capital, in other words there is a shortage of runways and thus poor connectivity. Thus a market for a tilt rotor aircraft is enormous in this region as these don’t require a fully fledged runway which is difficult to make in mountainous regions and also due to low funds. But the tilt rotor can land in a helipad as easily as a helicopter and carry more transport and payload at higher speeds than a regular chopper. Hence the Tilt rotor Aircraft is perfectly suited for the Asia Pacific countries and helps them achieve their goals.
Key Players : Bell, Boeing, Lockheed Martin are some of the key players in the market.
Recent Developments
May 2018: Uber unveiled the electric flying taxi it wants to rule the skies with.
Reasons to Purchase this Report
- Provides Latest Insights into the Asia Pacific tilt rotor aircraft market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Provides Latest Insights into the Tilt rotor aircraft market in Asia Pacific countries.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please contact us for more information.
This product will be delivered within 2 business days.
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. Market Overview
4. Market Dynamics
5. Tilt Rotor Aircraft Market, Segmentation By Type
6. Tilt Rotor Aircraft Market, Segmentation By Purpose
7. Titl Rotor Aicraft Market, Segmentaton By Country
8. Competitive Landscape
8. Competitive Intelligence – Company Profiles
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Boeing
- Bell
- Agusta Westland
- Raytheon
- Lockheed Martin
- GE Aviation Systems
- Israel Aerospace Industries
- Northrop Grumman
- General Dynamics Corporation
- Korea Aerospace Research Institute
- Honeywell Aerospace
- BAE Systems
Methodology
LOADING...
