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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, Dfense, 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
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