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Helicopter Market Size, Industry Analysis Report By type (Civil and commercial, Military), By weight (Lightweight, Medium weight, Heavy weight), By number of engines (Twin engine, Single engine), By application (Emergency medical service, Oil and gas, Défense, Homeland security) & Region – Forecasts

  • PUBLISHED ON
  • 30/08/2022
  • NO OF PAGES
  • 247
  • CATEGORY
  • Aerospace & Defense

Market Overview

The global Helicopter market was valued at USD 33.76 billion in 2022 and expected to grow at a CAGR of 6.3% during the forecast period. A helicopter is a type of aircraft that uses rotating blades to take off, hover, and land vertically. It is also known as a chopper, whirlybird, or rotorcraft. Unlike fixed-wing aircraft, helicopters are able to take off and land from almost any surface and can hover in one spot. They are commonly used for a wide range of purposes, including military operations, search and rescue, transportation of people and cargo, aerial photography, firefighting, and medical evacuation. Helicopters come in various sizes and designs, ranging from small personal helicopters to large military transport helicopters.

The helicopter market is influenced by various factors such as increasing demand for helicopters in the military and defense sector, the growing popularity of helicopter tourism, and the rising demand for emergency medical services. Technological advancements in the design and production of helicopters have also contributed to the growth of the market.

One of the major factors driving the helicopter market is the increasing demand from the military and defense sector. Helicopters are extensively used in various military operations such as troop transportation, search and rescue, and medical evacuation. Additionally, the increasing geopolitical tensions across the world have led to an increase in defense spending, which is expected to drive the demand for military helicopters.

Another important factor driving the growth of the helicopter market is the growing popularity of helicopter tourism. Helicopter tourism provides an opportunity for tourists to experience the beauty of popular tourist destinations from the air. This has led to an increase in demand for helicopters in the tourism industry.

Furthermore, the rising demand for emergency medical services has also contributed to the growth of the helicopter market. Helicopters are extensively used in medical emergency services, especially in areas where access to medical facilities is limited.

However, the high cost of acquisition and maintenance of helicopters is a major restraint for the growth of the market. Additionally, stringent government regulations and safety standards may also hamper the growth of the market.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 33.76 Billion

Market Forecast in 2031

USD 54.63 Billion

CAGR % 2023-2031

7.3%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2031

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By type (Civil and commercial, Military), By weight (Lightweight, Medium weight, Heavy weight), By number of engines (Twin engine, Single engine), By application (Emergency medical service, Oil and gas, Défense, Homeland security, Others)

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Airbus, bell Textron Inc, Helicopters Guimbal, Kaman Corporation, Kawasaki Heavy Industries Ltd, Leonardo SpA, MD Helicopters Inc, Mitsubishi Heavy Industries Ltd, Robinson Helicopter Company The Boeing Company, and others.

 

Impact of COVID

The COVID-19 pandemic has significantly impacted the helicopter market. The decline in global economic growth and disruptions in the supply chain have resulted in a decrease in demand for helicopters. The pandemic has affected the aviation industry as a whole, and the helicopter market has not been an exception. The travel restrictions and lockdown measures have led to a reduction in commercial helicopter flights, which has negatively affected the revenue of helicopter operators.

Furthermore, the pandemic has led to the cancellation of several helicopter orders and deliveries, resulting in a decrease in the growth of the market. The uncertain economic situation and reduced demand for air travel have made it difficult for helicopter manufacturers to predict their future production levels.

However, the pandemic has also highlighted the importance of helicopters in emergency medical services, search and rescue operations, and law enforcement. This has increased the demand for helicopters in these sectors, which has partially offset the decline in demand in other areas. Additionally, the increasing focus on urban air mobility and the development of eVTOLs (electric vertical takeoff and landing aircraft) is expected to provide new growth opportunities for the helicopter market in the post-COVID-19 era.

Type Insights

Civil and commercial: This segment includes helicopters used for passenger transportation, emergency medical services, search and rescue operations, law enforcement, firefighting, and other commercial purposes. The market share of this segment is expected to be around 70-75% in the global helicopter market.

 

Military: This segment includes helicopters used for defense purposes such as troop transportation, reconnaissance, combat search and rescue, and other military operations. The market share of this segment is expected to be around 25-30% in the global helicopter market.

Weight Insights

Lightweight: This segment includes helicopters with a takeoff weight of up to 4,500 kg.

Medium weight: This segment includes helicopters with a takeoff weight between 4,500 kg and 15,000 kg.

Heavy weight: This segment includes helicopters with a takeoff weight above 15,000 kg.\

Number of Engine Insights

Twin engine helicopters: Twin engine helicopters are generally larger and have better safety features as compared to single engine helicopters. They are preferred for operations that require high power and speed. The market share of twin engine helicopters is expected to be around 70%.

Single engine helicopters: Single engine helicopters are smaller and less expensive than twin engine helicopters. They are preferred for shorter flights and operations that do not require high speed or power. The market share of single engine helicopters is expected to be around 30%.

Regional Insights

North America: The North American region is expected to hold a significant share in the helicopter market. The region has a strong presence of helicopter manufacturers, such as Bell Helicopter, Sikorsky Aircraft Corporation, and Robinson Helicopter Company. The demand for helicopters is high in North America due to their extensive use in the oil and gas industry, emergency medical services, and law enforcement.

Europe: Europe is expected to witness steady growth in the helicopter market. The region has a significant number of helicopter manufacturers, including Airbus Helicopters and Leonardo S.p.A. The demand for helicopters is high in Europe due to their use in search and rescue operations, law enforcement, and tourism.

Asia Pacific: The Asia Pacific region is expected to witness significant growth in the helicopter market. The region has a large number of emerging economies, such as China and India, which are investing heavily in their defense and commercial sectors. The demand for helicopters is high in the region due to their use in transportation, tourism, and disaster relief operations.

Middle East and Africa: The Middle East and Africa region is expected to witness steady growth in the helicopter market. The region has a significant demand for helicopters in the oil and gas industry, tourism, and law enforcement.

Latin America: Latin America is expected to witness moderate growth in the helicopter market. The region has a significant demand for helicopters in the defense sector, law enforcement, and search and rescue operations.

Overall, the helicopter market is expected to witness steady growth in the coming years, driven by the increasing demand for helicopters in the defense, oil and gas, and emergency services sectors.

Competitive Analysis

Some of the major companies operating within the market are Airbus, bell Textron Inc, Helicopters Guimbal, Kaman Corporation, Kawasaki Heavy Industries Ltd, Leonardo SpA, MD Helicopters Inc, Mitsubishi Heavy Industries Ltd, Robinson Helicopter Company The Boeing Company, and others. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Helicopter globally.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

Frequently Asked Questions

·         What is the market size and growth projections?

·         What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?

·         What are the top performing segments, and countries / regions of each of the markets?

·         What is the market size and growth rate across key countries / regions?

·         How big is the global & regional market in terms of revenue and volume?

·         How far market will grow in forecast period in terms of revenue and volume?

·         What factors will influence demand and supply trends across each markets during the forecast period?

·         What are the technology trends shaping various markets?

·         Which country / region has more opportunities?

·         What is the COVID-19 impact on the market and how long will it take to recover?

·         Who are the key competitors of market Players?

·         What are the market share (%) of Key Players?

·         What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?

·         What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

 

 

 


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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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