What is Tilt Rotor Aircraft Market?
Tilt Rotor aircrafts have two horizontal wings with powerful engines and propellers, which can rotate vertically when landing or take off and horizontally while cruising at high speed in air. They can perform both the role of hovering like a helicopter and cruising like a propeller based fixed wing aircraft. This dynamism of tilt rotor aircraft increases its value, giving it higher distance, higher speed capabilities with the feature of landing and taking off from anywhere. Although the tilt rotor aircrafts are also comprised of complex technology which limits the growth of the tilt rotor aircraft as it increases both its costs and maintenance. Geographically, North America is the biggest market of Tilt Rotor Aircraft.
Manned Aircraft Accounts for Largest Market Share
Advancement in Defence Technology due to Comprehensive Research and Development in the Field and Increased Military Spending Around the World
Unmanned Aerial Reconnaissance and Armed Segment are expected to Attract Huge Potential Growth over the Coming Years
The Manufacturers Covered in the Study are:
Bell Textron Inc. (United States), Boeing Company (United States), Lockheed Martin Corporation (United States), Leonardo S.p.A. (Italy), American Dynamics Flight Systems, Inc. (United States), Curtiss-Wright Corporation (United States), Israel Aerospace Industries (Israel) and China Aerospace Science and Technology (China)