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Global Helicopter Market has a high Demand Growth in Several Countries in their Defense Sector
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The highest growth of civil helicopter is attributed to the increasing demand in law enforcement, tourism, medical services, general utility and firefighting. However, the ongoing crisis in the oil and gas industry may lead to slower adoption of new fleet, especially large and heavy helicopters.
Geographically, North America has been the largest market for helicopter, with the U.S. being the larger contributor to the regional market, compared to Canada. Retirement of old generation helicopters is expected to create opportunities for the North American helicopter market. The emerging economies of Latin America and Asia-Pacific, especially Brazil, China and India, are expected to witness high demand for civil helicopters for various applications such as law enforcement, tourism, medical services, general utility and firefighting. Latin American civil helicopter market is expected to witness the highest growth during 2017 - 2023.
The market is expected to be positively impacted by growing helicopter market in emerging economies. The increasing compliance for helicopters in the emerging economies is expected to provide growth potential for the market during the forecast years. Countries such as China, Brazil and India have a huge market potential, as the government is spending huge capital for developing their civil and military helicopter fleet.
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Some of the other key players in the helicopter market include Korea Aerospace Industries, Ltd., Robinson Helicopter Company, Hindustan Aeronautics Limited, MD Helicopters, Inc., and Kaman Corporation.
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