In 2020, the global revenue of the tilt rotor aircraft market amounted to approximately 986 million U.S. dollars. During that year, the North-American market accounted for around 73.2 percent of the global tilt rotor market, followed by the APAC region with 7.4 percent.
A tiltrotor is an aircraft that has rotors at the end of each wing, oriented either vertically for takeoffs and landings or horizontally for forward flight, or to any other position in between. This type of aircraft are valuable because of its versatility. They have the VTOL capability (vertical takeoff and land like a helicopter), and they can reach a high speed of a conventional fixed-wing aircraft.
Global revenue of the tilt rotor aircraft market in 2020, by region
(in million U.S. dollars)
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BIS Research. (October 29, 2021). Global revenue of the tilt rotor aircraft market in 2020, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/
BIS Research. "Global revenue of the tilt rotor aircraft market in 2020, by region (in million U.S. dollars)." Chart. October 29, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/
BIS Research. (2021). Global revenue of the tilt rotor aircraft market in 2020, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/
BIS Research. "Global Revenue of The Tilt Rotor Aircraft Market in 2020, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 29 Oct 2021, https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/
BIS Research, Global revenue of the tilt rotor aircraft market in 2020, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/ (last visited November 18, 2024)
Global revenue of the tilt rotor aircraft market in 2020, by region (in million U.S. dollars) [Graph], BIS Research, October 29, 2021. [Online]. Available: https://www.statista.com/statistics/1275377/tilt-rotor-aircraft-market-size-global-by-country/
