The tilt rotor aircraft market in North America is expected to grow from US$ 854.02 million in 2021 to US$ 1,506.46 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.
The tilt rotor aircraft market in North America is sub segmented into the US, Canada, and Mexico. The US is one of the countries with highest defense spending in the world, which is a key force driving the market growth in the region. The presence of giant defense manufacturers makes North America a hub for the innovation and manufacturing of technologically advanced military aircraft, vehicles, and defense systems. In 2020, the military expenditure of the US and Canada reached US$ 778 billion and US$ 23 billion, respectively.
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Major key players covered in this report:
• BAE Systems plc
• Bell Textron Inc
• Honeywell International Inc.
• Israel Aerospace Industries Ltd.
• Leonardo S.p.A
• Lockheed Martin Corporation
• Northrop Grumman Corporation
NORTH AMERICA TILT ROTOR AIRCRAFT MARKETSEGMENTATION
North America Tilt Rotor Aircraft Market – By Type
- Unmanned Aerial Vehicle
- Manned Aerial Vehicle
North America Tilt Rotor Aircraft Market – By End User
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