Civil Helicopter Market 2019-2023 | Competitive Landscape By Bell Helicopter Textron, AVIC Helicopter, Airbus, Leonardo, MD Helicopters, Korea Aerospace, Enstrom Helicopter, Lockheed Martin and Robinson Helicopter
Global Civil Helicopter market is estimated to witness a CAGR of more than 4% during the forecast period from 2018 to 2023.
The key players in the global civil helicopter market are Bell Helicopter Textron Inc., AVIC Helicopter Company (China), Airbus S.A.S (France), Leonardo S.p.A (U.K), MD Helicopters Inc. (U.S.), Korea Aerospace Industries Ltd. (South Korea), Hindustan Aeronautics Ltd. (India), Enstrom Helicopter Corporation (U.S.), Lockheed Martin Corporation (U.S.), Russian Helicopters JSC (Russia), and Robinson Helicopter Company (U.S.)
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Owing to the impact of the global economic crisis, civil helicopter market had acquired a meager share in the aerospace industry in the past few years. Currently, this market has witnessed a considerable growth, owing to its effectiveness in reaching remote, high altitude, and natural disasters affected areas.
In the recent years, there has been a major focus on allowing helicopters to operate in remote areas and in areas where airports are under development or completely non-existent. In such areas, helicopters are very useful as they have vertical take-off and landing capabilities. Moreover, the increasing demand for offshore transportation and demand for helicopters in Emergency Medical Services (EMS) & law enforcement are some of the major factors driving the market growth.
During any disasters, helicopters are the first to look into the overall affected region and assist in the evacuation of injured people. With the high-speed wing-borne flights, helicopters assist people by delivering the needed humanitarian assistance and providing support to infrastructure and repairs.
The global market for civil helicopter seems to be highly competitive with the presence of big companies with global presence, as well as companies with regional existence. Well-established companies incorporate acquisition, partnership, collaboration, expansion, and technology launch to gain a competitive advantage in this market and to maintain their market position with respect to other competitors. Strategic partnerships between major companies support the growth and expansion plans of the major companies during the forecast period. These companies invest heavily in R&D to develop a technology that is completely new in the market as compared to their competitors.
On the basis of application, the civil helicopter market is segmented into airborne law enforcement, fire, forestry & wildlife conservation, Helicopter Emergency Medical Services (HEMS), Search and Rescue (SAR), and others. Bristow Group has been providing search and rescue services as an essential part of its helicopter services in most of the countries, where it operates. Bristow Group has carried out more than 20,100 SAR missions. During these missions, this group had saved more than 10,700 people, globally, with the help of its crew and helicopters. The company supplies a dedicated SAR helicopter and crew to cover exploration projects in remote areas. It requires precise competency to conduct SAR tasks. Bristow has been a world leader in SAR for years, with skilled pilots and engineers, technical crew, paramedics, and ground crew to conduct SAR operations safely and reliably. Due to such companies and missions across the world, there will always be a need for civil helicopters; this will lead to the market growth over the next few years.
The civil helicopter industry is laidback with the recent crashes of prototypes helicopter models over a few under development programs. These programs include the Bell 525 and the H225 Super Puma fleet programs. In April 2016, Airbus started looking forward to a solution to fixing persistent technical issues with the platform.
The renewed and simplified airspace regulations in China, indicates that the government is increasing support for expansion of the general aviation sector in China. However, helicopter operations are still highly restricted in some areas of China, particularly near the major cities. Infrastructure development and expansion supported by local governments have been a key to the rapid growth of the civil helicopter market in China. Despite the fact that the military controls the majority of airspace in China, the Civil Aviation Administration of China (CAAC) has been increasingly taking the initiative for launching low altitude airspace for helicopters.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Intensity of Competitive Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables
Table 1 Global Civil Helicopter Market: by Region, 2018-2023
Table 2 North America Civil Helicopter Market: by Country, 2018-2023
Table 3 Europe Civil Helicopter Market: by Country, 2018-2023
Table 4 Asia Pacific Civil Helicopter Market: by Country, 2018-2023
Table 5 Row Civil Helicopter Market: by Country, 2018-2023
Table 6 Civil Helicopter Market, by Engine Type, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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The global helicopter market is expected to grow at a CAGR of 3.4% during 2017 - 2023. Global helicopter market is growing at a CAGR of 3.4% during 2017 - 2023 According to the study, the global helicopter market is likely to grow at a CAGR of 3.4% during 2017 – 2023. Technological advancements, ageing helicopter fleet, and increasing usage of helicopters in disaster relief are driving the global helicopter market. The