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Helicopter Blades Market Will Grow at a Healthy CAGR by 2025 Profiling Airbus, Bell Helicopter Textron, Boeing, Carson Helicopters, Ducommun Incorporated, Eagle Aviation Technologies, Erickson, Kaman, Lockheed Martin, Robinson Helicopter Company, Van Horn

04-03-2020 12:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

/ PR Agency: Helicopter Blades Market
Helicopter Blades Market

Helicopter Blades Market

Helicopter blades market may to accrue significant returns from the military sector. Increase in defense spending and rising military budget worldwide will positively influence industry trends. Rise in number of advanced combat helicopters orders is expected to supplement market share. According to credible reports, around 500 helicopters are expected to be delivered to eastern European countries by 2030, creating opportunities for U.S. manufacturers. While, in 2019, the German government released its tender for military helicopter which includes procurement of 45-60 choppers by 2023 and beyond.

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The Major Key Players in the Helicopter blades market are as follows:
Airbus, Bell Helicopter Textron, Boeing, Carson Helicopters, Ducommun Incorporated, Eagle Aviation Technologies, Erickson, Kaman, Lockheed Martin, Robinson Helicopter Company, Van Horn Aviation

The global helicopter blades market is slated to amass substantial gains in the coming years, on account of surging demand for helicopters from the tourism and transportation industry. Also, increasing utilization of helicopters for medical emergency and defense purposes has further bolstered the remuneration scope of this industry vertical.

The growing demand for helicopter blades has prompted market behemoths to invest heavily in research and development to increase operational efficiency and speed of the helicopters. Several giants are also deploying 3D printing & additive manufacturing techniques, so as to considerably reduce production time and accelerate prototype creation. In a recent example, Thermwood Corporation declared that it is producing helicopter blades for America based aerospace manufacturer Bell Helicopter Textron Inc. by utilizing large scale additive manufacturing 3D printing technologies.

North America helicopter blades market is anticipated to add impetus to the global revenue share, primarily due to the presence of key helicopter manufacturers like Boeing Rotorcraft Systems, Lockheed Martin and more. Increasing prominence of app-based, on-demand helicopter hailing services will supplement regional helicopter blades market growth.

Rising defense budget across the region will positively influence helicopter blades market share. For instance, the Pentagon FY 2020 budget proposes allocation of $790 million for R&D in Future Vertical Lift (FVL) military helicopters. The budget also includes nearly $1.7 billion for 73 U.S. Army UH-60M Black Hawk helicopters by Sikorsky.

Development of advanced manufacturing processes along with rising helicopter production worldwide will drive market growth. Use of FAA certified helicopter blades will ensure enhanced safety and reliability to operators. The development of 3D printed blade technologies will also enhance the helicopter blades market outlook.

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Moreover, long-term contracts with helicopter manufacturers and increasing investment in R&D to develop advanced combat helicopters will improve industry share. Helicopter blades market is estimated to surpass US $685 million by 2025.

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