Asia-Pacific Tilt Rotor Aircraft Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Unmanned Aerial Vehicle and Manned Aerial Vehicle) and End User (Civil and Military)

Military Segment to Dominate APAC Tilt Rotor Aircraft Market during 2020-2028.



According to a new market research study on “APAC Tilt Rotor Aircraft Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-user,” is expected to reach US$ 136.08 million by 2028 from US$ 87.84 million in 2021. The market is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report provides trends prevailing in the APAC tilt rotor aircraft market along with the drivers and restraints pertaining to the market growth. Evolution of Tilt Rotor Aircraft for Civil Application are the major factor driving the growth of the APAC tilt rotor aircraft market. However, Narrow Adoption by Armed Forces of Major Countries hinder the growth of APAC tilt rotor aircraft market.

The tilt rotor aircraft market in APAC suffered minimal disruption as the number of on-going projects and development of such aircraft models is less. China is one of the prominent countries with a number of projects. The country experienced substantial loss during the 1st quarter of 2020. However, Chinese tilt rotor aircraft manufacturers revived their process and have stabilized their development processes. Apart from China, another development in the tilt rotor aircraft market in 2020 took place in Japan, where the country has taken delivery of two V-22 Osprey from Bell-Boeing in May 2020. This development has also stabilized the regions tilt rotor market.

The APAC 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, Aviation Industry Corporation of China, Ltd. (AVIC) are among the leading companies in the APAC 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, China Aerospace Science and Technology Corporation unveiled its CH-10 unmanned tilt rotor aircraft, designed for tactical application.

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

APAC Tilt Rotor Aircraft Market - By Type

• Unmanned Aerial Vehicle
• Manned Aerial Vehicle

APAC Tilt Rotor Aircraft Market - By End-user

• Civil
• Military

APAC Tilt Rotor Aircraft Market - By Country

• China
• Japan
• Rest of APAC

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