A tilt rotor aircraft generates its lift and propulsion with the help of rotors that are mounted at the end of the fixed wing. The rotors are vertically tilted to generate lift and further the aircraft gradually gains forward momentum as the rotors are tilted in horizontal direction. Thus, this enables the aircraft to have vertical take-off and landing capability (VTOL) of a rotary wing aircraft and the range & speed of a fixed wing aircraft.
The tilt rotor aircraft market is experiencing significant growth owing to increasing year-on-year government budgets for national security. Governments across the world are significantly investing for the procurement of advanced state of the art aircraft fleet. To cater to the dynamic challenges of defence industry, market players are investing to develop robust and innovative aircraft including tilt rotor aircraft. Additionally, the robust adoption of military unmanned aerial vehicles across the world is fuelling the growth of the tilt rotor aircraft market.
Bell Helicopters, Boeing, Leonardo, Rostec, and China Aerospace Science and Technology Corporation – PROMINENT MARKET PARTICIPANTS IN TILT ROTOR AIRCRAFT MARKET
Bell Helicopters, Boeing, Leonardo, Rostec, and China Aerospace Science and Technology Corporation are some of the key market players operating in the global tilt rotor aircraft market. The listing of key players is derived by considering multiple factors such as overall revenue, current indoor flooring product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the tilt rotor aircraft ecosystems which were studies analyzed during the course of this market research study, such as, BAE Systems; Israel Aerospace Industries; Lockheed Martin Corporation; and Northrop Grumman Corporation.. Further, in 2021, 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.
Most of the market initiatives were observed in North American and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
|
Year |
News |
Country |
|
2020 |
US Department of Defense awarded Bell-Boeing a US$ 4.2 billion fixed-price multiyear contract modification for the production and delivery of 58 Ospreys, including four for the government of Japan. |
North America |
|
2018 |
Leonardo S.p.A. had selected GE Aviation CT7 turboshaft to power its NextGenCTR technology demonstrator. NextGenCTR would leverage Leonardo’s unique capabilities and leadership in the development of commercial tiltrotors. The NextGenCTR tilting mechanism incorporates a fixed engine installation with a split gearbox to provide a prop-rotor swivel. |
Europe |
