Helicopter Market is Expected to Reach a Market Value of USD 44.85 Billion by 2028 with Constant CAGR 10.9%

Helicopter Market

According to the most recent analysis by Emergen Research, the worldwide helicopter market size reached USD 20.17 billion in 2020 and is anticipated to experience a revenue CAGR of 10.9% over the projected period. Increasing government spending on military and rising demand for helicopters for emergency medical services (EMS) are the two drivers anticipated to fuel market revenue growth over the forecast period.

Additionally, the market is growing because to the rising use of rotorcraft for commercial purposes in the Middle East, Asia Pacific, and Europe. The introduction of COVID-19 had a significant effect on the industry, particularly in the U.S., Asia-Pacific, and European regions. This affected the demand for helicopters, which led to delayed deliveries, the hiring of few workers at production facilities, the closure of factories, and a limited supply of equipment available in all markets.

The market for military helicopters is predicted to grow as a result of capacity expansion initiatives in developing nations and the replacement of ageing helicopter systems and components. Next-generation compound and tilt helicopters are expected to be developed over the next ten years, which will assist the market for helicopters expand and result in a significant number of helicopter replacements and capability improvements. On combat helicopters, active electronically scanned arrays are taking the place of traditional surveillance systems due to their ability to scatter signal emissions across a wide range of frequencies. China, India, Brazil, and South Africa are among the developing nations investing in the development of electronically scanned array radar systems for combat helicopters.

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Some Key Highlights From the Report :

The Helicopter Company (THC) and Airbus Helicopter inked a second purchase agreement in December 2021. With twenty orders of the recently introduced helicopters, known as the five-bladed H145 and six ACH160 models, the cooperation will aid in the continuous growth of the new path as a general aviation champion.

Based on application, the military, civil & commercial segment is projected to grow at the highest CAGR in the helicopters market during the forecast period

Attack, transit SAR, anti-submarine warfare/maritime, and other categories make up the military section. Many nations have increased their defence spending to enhance border protection and purchase cutting-edge equipment and weapons. This might contribute to the military rotorcraft industry’s future success. Technology developments in aircraft, the necessity to replace ageing rotorcraft, and the recent rise in disasters are some of the factors driving the use of military rotorcraft.

Major companies in the market report include Airbus Helicopters SAS, Leonardo S.p.A, Bell Textron Inc., The Boeing Company, JSC Russian Helicopters, Lockheed Martin Corporation, Schweizer Aircraft, Bristow Group Inc., Carson Helicopters Inc, and Robinson Helicopter Company.

The civic & commercial segment has dominated the market for the past three decades due to the wide range of duties that these sorts of machines can perform, including emergency rescue operations, tourism, and air ambulance services. Civil helicopters have also achieved important advancements and advances. The replacement of outdated models and the development of new rotorcraft models by significant industry players using cutting-edge technology like electric-hybrid propulsion are expected to stimulate future commercial helicopter growth.

Emergen Research has segmented helicopter market on the basis of type, components and system, engine, application, weight, point of sale, and region:

  • Type Outlook (Revenue, USD Billion; 2018–2028)
    • Military
      1. SAR
      2. Attack Helicopter
      3. Anti-Submarine Warfare
      4. Transport Helicopter
    • Civil and Commercial
  • Component and System Outlook (Revenue, USD Billion; 2018–2028)
    • Avionics
    • Engines
    • Airframe
    • Cabin Interiors
    • Emergency System
    • Landing Gear System
    • Aerostructures
    • Main Rotor System
  • Engine Outlook (Revenue, USD Billion; 2018–2028)
    • Single Engine
    • Twin Engine
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Oil and Gas
    • Defense
    • Search and Rescue Helicopters
    • Civil Utility Helicopters
    • Transport Helicopters
    • Emergency Medical Service (EMS)
  • Weight Outlook (Revenue, USD Billion; 2018–2028)
    • Light
    • Medium
    • Heavy
  • Point of Sale Outlook (Revenue, USD Billion; 2018–2028)
    • Aftermarket
    • OEM
  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. US
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/helicopter-market

About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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