sales@businessmarketinsights.com     UK: +442081254005
   

Europe 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)

Code: TIPRE00023041 | Pages: 81 | Industry: Aerospace and Defense | Date: Jun 2021
Covid

Market Introduction

Europe comprises some of strongest military power nations such as Germany, France, Italy, the UK, Spain, and Russia. The Rest of Europe countries with high military expenditure include Spain, Poland, Switzerland, Norway, Sweden, Greece, Netherlands, and Denmark. According to SIPRI, Germany, France, Italy, the UK, and Russia were among the prominent spenders in military expenditure in 2020, spending US$ 52.8 billion, US$ 52.7 billion, US$ 28.9 billion, US$ 59.2 billion, and US$ 61.7 billion, respectively.

Increase in military expenditure and significant steps to support soldiers by adoption of UAV in the field are expected to positively influence the growth of market in various European countries. Also, in Europe, various members of NATO such as France are increasing their defence budgets and planning to reach a defence spending target that will contribute 2% of the GDP. Furthermore, Furthermore, the presence of large number robust aerospace component supplier in countries such as Germany, France, Russia, and the UK, will support the ecosystem of tilt rotor aircraft. Moreover, the Italian Aircraft giant, Leonardo S.p.A has recently introduced AW609, a tilt rotor aircraft which is powered by Pratt & Whitney engine for civilian application. Furthermore, Russian defence contractor, Rostec in September 2018 announced that it is developing its own version on V-22 which will be electrically powered. Also, Russia’s ZALA, unveiled its unmanned tilt rotor aircraft in early 2021. The European air ambulance industry is one of flourishing industries in the current scenario. Numerous air ambulance service providers are operating in the industry and are experiencing rise in demand for their services. Currently, the air ambulance service providers are using either fixed wing aircraft fleet or helicopter fleet or a mix of both. The development and commercialization of civilian/commercial tilt rotor aircraft would be highly beneficial for the air ambulance service providers, as the tilt rotor aircraft fleet has the capability of both, a fixed wing aircraft and helicopter. Thus, the tilt rotor aircraft manufacturers in Europe have the opportunity to attract the European air ambulance service providers to gain customer base and annual revenues.

 

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.

 

Market Overview and Dynamics

The tilt rotor aircraft market in Europe is expected to grow from US$ 57.37million in 2021 to US$ 93.33 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.Advancement of Tilt Rotor Aircraft for Civil Application; Owing to the growing number of high net individual and ultra-high net individuals across the globe, especially in emerging economies, the adoption of tilt rotor aircraft is anticipated to witness a steady growth. Until now the tilt rotor aircraft was majorly used for military application; however, recently, Leonardo S.p.A launched AW609, a tilt rotor aircraft. The tilt rotor aircraft can play a vital role in search and rescue (SAR) as well as emergency medical services (EMS) operations owing to aircraft’s long range and VTOL capabilities, with which it can potentially replace helicopters. Also, the tilt rotor aircraft can be utilized in the forthcoming urban ariel mobility industry as these aircraft have longer range compared to rotor wing aircraft, thus allowing to save significant amount of operational cost. Thus, all these factors are projected to drive the market growth in the coming years. This is bolstering the growth of the tilt rotor aircraft market.

Key Market Segments

In terms of type, the Manned Aerial Vehicle segment accounted for the largest share of the Europe tilt rotor aircraft market in 2020. In terms of end user type, the Military segment held a larger market share of the tilt rotor aircraft market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe tilt rotor aircraft market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems plc, Boeing, Honeywell International Inc., Israel Aerospace Industries Ltd., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation

 

 

 

Reasons to buy report

  • To understand the Europe tilt rotor aircraft market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe tilt rotor aircraft market
  • Efficiently plan M&A and partnership deals in Europe Tilt Rotor Aircraft Market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe tilt rotor aircraft market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPETILT ROTOR AIRCRAFT MARKETSEGMENTATION

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

Europe Tilt Rotor Aircraft Market Company Mentioned

  • BAE Systems plc
  • Boeing
  • Honeywell International Inc.
  • Israel Aerospace Industries Ltd.
  • Leonardo S.p.A
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Rostec  

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Tilt Rotor Aircraft Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat of New Entrants

4.2.4        Threat of Substitutes

4.2.5        Competitive Rivalry

4.3         Ecosystem Analysis

5.           Europe Tilt Rotor Aircraft Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Lower Operating Cost of Tilt Rotor Aircraft

5.1.2        Increasing Military Spending for Procurement of Advanced Aircraft

5.2         Market Restraints

5.2.1        Restricted Adoption by Armed Forces of Major Countries

5.3         Market Opportunities

5.3.1        Emergence of Unmanned Tilt Rotor Aircraft

5.4         Future Trends

5.4.1        Advancement of Tilt Rotor Aircraft for Civil Application

5.5         Impact Analysis of Drivers and Restraints

6.           Tilt Rotor Aircraft – Europe Market Analysis

6.1         Europe Tilt Rotor Aircraft Market Overview

6.2         Europe Tilt Rotor Aircraft Market Revenue Forecast and Analysis

7.           Europe Tilt Rotor Aircraft Market Revenue and Forecast To 2028 – Type

7.1         Overview

7.2         Europe Tilt Rotor Aircraft Market, By Type (2020 & 2028)

7.3         Unmanned Aerial Vehicle

7.3.1        Overview

7.3.2        Unmanned Aerial Vehicle: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

7.4         Manned Aerial Vehicle

7.4.1        Overview

7.4.2        Manned Aerial Vehicle: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

8.           Europe Tilt Rotor Aircraft Market Analysis and Forecast To 2028 – End User

8.1         Overview

8.2         Europe Tilt Rotor Aircraft Market, By End User (2020 & 2028)

8.3         Civil

8.3.1        Overview

8.3.2        Civil: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

8.4         Military

8.4.1        Overview

8.4.2        Military: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

9.           Europe Tilt Rotor Aircraft Market – Country Analysis

9.1         Overview

9.1.1        Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2        Europe: Tilt Rotor Aircraft Market, by Key Country

9.1.3        France: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1          France: Tilt Rotor Aircraft Market, by Type

9.1.3.2          France: Tilt Rotor Aircraft Market, by End User

9.1.4        Germany: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.1          Germany: Tilt Rotor Aircraft Market, by Type

9.1.4.2          Germany: Tilt Rotor Aircraft Market, by End User

9.1.5        Italy: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.5.1          Italy: Tilt Rotor Aircraft Market, by Type

9.1.5.2          Italy: Tilt Rotor Aircraft Market, by End User

9.1.6        K: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.6.1          UK: Tilt Rotor Aircraft Market, by Type

9.1.6.2          UK: Tilt Rotor Aircraft Market, by End User

9.1.7        Russia: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.7.1          Russia: Tilt Rotor Aircraft Market, by Type

9.1.7.2          Russia: Tilt Rotor Aircraft Market, by End User

9.1.8        Rest of Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.1.8.1          Rest of Europe: Tilt Rotor Aircraft Market, by Type

9.1.8.2          Rest of Europe: Tilt Rotor Aircraft Market, by End User

10.        Europe Tilt Rotor Aircraft Market - COVID-19 Impact Analysis

10.1      Overview

10.1.1     Europe: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      BAE Systems plc

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Boeing

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Honeywell International Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Israel Aerospace Industries Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Leonardo S.p.A.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Lockheed Martin Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Northrop Grumman Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Rostec

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe: Tilt Rotor Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             France: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             France: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Germany: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Italy: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Italy: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 9.             UK: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          UK: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Russia: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Russia: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of Europe: Tilt Rotor Aircraft Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of Europe: Tilt Rotor Aircraft Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Tilt Rotor Aircraft Market Segmentation

Figure 2.           Europe Tilt Rotor Aircraft Market Segmentation – By Country

Figure 3.           Europe Tilt Rotor Aircraft Market Overview

Figure 4.           Europe Tilt Rotor Aircraft Market, by Type

Figure 5.           Europe Tilt Rotor Aircraft Market, by End User

Figure 6.           Europe Tilt Rotor Aircraft Market, By Country

Figure 7.           Porter’s Five Forces Analysis

Figure 8.           Tilt Rotor Aircraft Market: Ecosystem Analysis

Figure 9.           Tilt Rotor Aircraft Market Impact Analysis of Drivers and Restraints

Figure 10.        Europe Tilt Rotor Aircraft Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        Europe Tilt Rotor Aircraft Market, by Type (2020 & 2028)

Figure 12.        Unmanned Aerial Vehicle: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Manned Aerial Vehicle: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Europe Tilt Rotor Aircraft Market, By End User (2020 & 2028)

Figure 15.        Civil: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Military: Europe Tilt Rotor Aircraft Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe: Tilt Rotor Aircraft Market – Revenue by Country to 2028 (US$ Million)

Figure 18.        Europe: Tilt Rotor Aircraft Market Revenue Share, by Key Country (2020 & 2028)

Figure 19.        France: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Germany: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Italy: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        UK: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Russia: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Rest of Europe: Tilt Rotor Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic in Europe Country Markets

 

  1. BAE Systems plc
  2. Boeing
  3. Honeywell International Inc.
  4. Israel Aerospace Industries Ltd.
  5. Leonardo S.p.A
  6. Lockheed Martin Corporation
  7. Northrop Grumman Corporation
  8. Rostec
  • To understand the Europe tilt rotor aircraft market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe tilt rotor aircraft market
  • Efficiently plan M&A and partnership deals in Europe Tilt Rotor Aircraft Market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe tilt rotor aircraft market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Related Tags Europe Tilt Rotor Aircraft Market Europe Tilt Rotor Aircraft Market Research Europe Tilt Rotor Aircraft Market Insight Europe Tilt Rotor Aircraft Market Trends Europe Tilt Rotor Aircraft Market Forecast Europe Tilt Rotor Aircraft Market Share Europe Tilt Rotor Aircraft Market 2028 Europe Tilt Rotor Aircraft Market Growth Europe Tilt Rotor Aircraft Industry Sector Europe Tilt Rotor Aircraft PDF Report Europe Tilt Rotor Aircraft Analysis Europe Tilt Rotor Aircraft Research Competitive Analysis

Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000