The "Tilt Rotor Aircraft Market in Asia Pacific - Opportunities, Trends and Challenges (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering. The Asia Pacific tilt rotor aircraft market is estimated to register a CAGR of over 6% in the forecast period 2018-2023, based on current project progress. Defence budgets of Asia Pacific countries are expected to grow at a CAGR of more than 4.5% until 2023 and Indonesia will be the fastest growing market with annual growth rates averaging about 13% a year up until 2023.The major problem in this part of the world is infrastructure and the comparatively low social overhead capital, in other words there is a shortage of runways and thus poor connectivity. Thus a market for a tilt rotor aircraft is enormous in this region as these don't require a fully fledged runway which is difficult to make in mountainous regions and also due to low funds.But the tilt rotor can land in a helipad as easily as a helicopter and carry more transport and payload at higher speeds than a regular chopper. Hence the tilt rotor aircraft is perfectly suited for the Asia Pacific countries and helps them achieve their goals.

Recent Market Development

May 2018: Uber unveiled the electric flying taxi it wants to rule the skies withCompanies FeaturedBoeingBellAgusta WestlandRaytheonLockheed MartinGE Aviation SystemsIsrael Aerospace IndustriesNorthrop GrummanGeneral Dynamics CorporationKorea Aerospace Research InstituteHoneywell AerospaceBAE Systems

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Tilt Rotor Aircraft Market, Segmentation By Type

6. Tilt Rotor Aircraft Market, Segmentation By Purpose

7. Tilt Rotor Aircraft Market, Segmentation By Country

8. Competitive Landscape

8. Competitive Intelligence - Company Profiles

9. Investment Analysis

10. Future of the Tilt Rotor Aircraft Market in Asia Pacific

For more information about this report visit https://www.researchandmarkets.com/research/9tbs99/the_tilt_rotor?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005599/en/

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Related Topics:Aircraft

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: TRANSPORT AIR DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/12/2018 08:32 AM/DISC: 09/12/2018 08:32 AM

http://www.businesswire.com/news/home/20180912005599/en