Press release
Helicopter Market Report 2020-2026: CHC Helicopters, Columbia Helicopters, Ehang, Gulf Helicopters, Hindustan Aeronautics Limited (HAL), Joby Aviation, Kaman Corporation, Karem Aircraft, Kawasaki Heavy Industries Ltd., Kitty Hawk, Korea Aerospace Industri
Helicopter Market
Generally, helicopters are used across wide range of applications like search and rescue operations, transportation, recreational activities, tourism, agriculture, law enforcement, media, aerial photography, cargo, Emergency Medical Services (EMS), military, and in the construction sector.
The need for design modifications in helicopters, mostly to enhance its operational efficiency, could boost the demand for aerostructure & airframe components over the coming years. Studies suggest that the aerostructure & airframe components segment could observe rampant growth, recording more than 4% CAGR by 2026.
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Manufacturer are actively engaging in design modification to enhance product performance. In October 2018, Boeing revealed plans to create a new high-speed Apache gunship that would exhibit a pusher prop on its tail. This upgrade would enable Apache helicopters to remain in service until 2050. The need to change existing airframes and aerostructures due to adverse environmental effects like corrosion and rust could further broaden the prospects of MRO segment in the helicopter market.
Modern helicopters can easily be modified as per requirement, a key feature that makes them a more desirable option compared to other flying alternatives. To develop more versatile military helicopters, aerospace firms are actively collaborating with defense agencies. Citing an instance, in 2020, Airbus Helicopters joined forces with the French Armament General Directorate (DGA) to initiate a study on enhancing the militarization of H160.
Meanwhile, other factors like technological innovation and developing connectivity abilities like C4ISR could expand the horizon of defense helicopters. The need for upgrading aging helicopter fleets could also stimulate the demand for MROs (maintenance, repair and overhaul). The helicopter market size could cross USD 57 billion by 2026.
Over the past few years, the oil & gas sector has observed significant growth, with new offshore sites being discovered worldwide. Increasing number of mining activities across offshore sites is boosting the deployment of helicopters. In 2019, the offshore segment recorded more than 23% of the overall helicopter market share, and is predicted to gross over 4% CAGR within the projected timeframe.
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The MEA helicopter market is projected to record lucrative growth rates by 2026, garnering over 2% CAGR over the estimated period. This growth can be contributed to the dominance of the Organization of the Petroleum Exporting Countries (OPEC) in the region.
Some Point from Table of Contents:
Chapter 5. Helicopter Market, By Component
5.1. Key trends, by component
5.2. Aerostructures/Airframe
5.2.1. Market estimates and forecast, 2015 - 2026
5.3. Rotary system
5.3.1. Market estimates and forecast, 2015 - 2026
5.4. Engine
5.4.1. Market estimates and forecast, 2015 - 2026
5.5. Undercarriage
5.5.1. Market estimates and forecast, 2015 - 2026
5.6. Avionics
5.6.1. Market estimates and forecast, 2015 - 2026
5.7. Cabin interiors
5.7.1. Market estimates and forecast, 2015 - 2026
5.8. Environmental control system
5.8.1. Market estimates and forecast, 2015 - 2026
5.9. Others
5.9.1. Market estimates and forecast, 2015 - 2026
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