Helicopters Market Size to Amount US$ 56,597.5 Million, at 6.1% CAGR by Forecast 2028 - The Insight Partners

The helicopters market expected to grow from US$ 37,355.5 million in 2021 to US$ 56,597.5 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

Helicopters Market report by "The Insight Partners" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future. The document entails a detailed rundown of the impact of the key factors on the development and growth of the of the business sphere over the forecast timeframe. Promising opportunities in the Helicopters Market have also been mentioned in the study.

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Companies Profiled in Helicopters Market report includes:

• Airbus S.A.S.
• Leonardo S.p.A.
• Bell Textron Inc.
• Russian Helicopters
• Lockheed Martin Corporation
• Boeing
• Enstrom Helicopter Corp.
• Kaman Corporation
• MD Helicopters, Inc.
• Robinson Helicopter Company

The helicopters market has been segmented as follows:

Helicopters Market- by Type:
Single Rotor
Multi Rotor
Tilt Rotor

Helicopters Market - by Weight:
Light Weight
Medium Weight
Heavy Weight

Helicopters Market - by Application:
Commercial and Civil - Transport, Emergency Rescue, Utility, Training.

The increasing need for helicopters for various search and rescue operations (SAR) is driving the global helicopter market. Countries located in various regions, including Asia Pacific, Europe, North America, Middle East & Africa, and South America, are heavily investing in procuring the most advanced and highly capable helicopters. Due to the growing demand for new and advanced SAR helicopters, the overall Helicopters market is growing. In 2020, a comprehensive rescue operation was conducted for rescue and oil-spill clean-up operations at Mauritius Reef. Advanced light helicopters with pre-equipped support system were used to efficiently accomplish the operation. In 2021, the Indian Air Force procured Mi-17 helicopters to help the paramilitary forces in rescue operations in Sukma where 5 Indian soldiers were killed in an encounter with Naxals.

These helicopters were heavily equipped with advanced solutions including reliable and powerful rescue hoists and winches. The SAR helicopters are used for medical emergency/evacuation, firefighting and law enforcement, utility, and search and rescue operation. Helicopters are being significantly used for medical emergency or medical evacuation as well. Medical evacuation is the process of safely evacuating wounded people by medical personnel with assistance from military forces. During any kind of natural calamities or man-made calamities, there is a heavy requirement for medical evacuation team. The team consists of medical professionals and military personnel who provide the needed medical care to the victims of any disaster. The team uses aircraft/helicopter fleet to evacuate the disaster-prone area. For law enforcement and firefighting, the helicopter is used for fire or other emergencies, patrol duties, and back up to ground unit. For utility application, helicopters are used for lifting operation that happens during oil & gas offshore processing. The helicopters are deployed by military personnel to rescue and search operations. Helicopters are used for all types of search and rescue processes including mountain rescue, disaster rescue, and natural calamity rescue.

Helicopters Market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.
Furthermore, the Helicopters Market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

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Impact of COVID-19 Pandemic on Helicopters Market:

The recent outbreak of the COVID-19 has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the aerospace industry was experiencing substantial growth in terms of production and services. Despite huge backlogs from the aircraft (both fixed wing aircraft and helicopters) manufacturers; the global aviation industry witnessed a significant rise in the number aircraft procurement (both commercial and military), as well as growth in MRO activities.

Unfortunately, the COVID-19 outbreak has decimated the demand for aircraft (both fixed wing aircraft and helicopters) globally, which reflected significantly lower volumes of orders among the airframe manufacturers, resulting in a lower number of airframe production. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturers (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the Helicopter market players' businesses have been severely affected.
Helicopters are electro-mechanical products. The disruption in electronics and mechanical parts supply chain due to border closures has negatively impacted the overall production process of helicopters. According to the General Aviation Manufacturers Association (GAMA), the helicopter shipment dropped by 19.2% from 2019 to 2020. Thus, less demand for fixed wing aircraft and helicopters negatively impacted the growth of the market in 2020.

Essential points covered in Helicopters Market report are:-

1 What will the Helicopters Market size and the growth rate be in 2028?
2 What are the key growth stimulants of Helicopters Market?
3 What are the key market trends impacting Helicopters Market valuation?
4 What are the challenges to market proliferation?
5 Who are the key vendors in the Helicopters Market?
6 Which are the leading companies contributing to Helicopters valuation?
7 What was the market share held by each region in 2021?
8 What is the estimated growth rate and valuation of Helicopters in 2028?

The report also puts forward the current and future market scenario derived after a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. PEST analysis for each region is incorporated as well.

Moreover, key companies contributing to Helicopters Market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

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Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Helicopters Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Helicopters Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Contact Us:
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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

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