Press release
Helicopter Market to be worth US$ 52.30 Billion by the year 2022
Helicopter Market
In the worldwide market, a helicopter, often known as a chopper, is a rotorcraft whose thrust and lift are provided by the rotor itself. The helicopter can land and take off vertically, as well as fly laterally, forward, and backwards, thanks to this thrust and lift. Owing to these features and benefits, the helicopter can be employed in remote and congested places where fixed-wing aircraft are difficult to operate and fly. Helicopters can also be used in emergency situations since they have incredible mobility, especially in confined spaces, and can reach any damaged location while avoiding all road traffic and natural disasters such as earthquakes and floods.
Furthermore, modern helicopters come with passenger seats, improved soundproofing, and air conditioning. In the global market, manufacturers are attempting to create more visually appealing helicopters with carpeted interiors and glossy finishes.
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What are Helicopter Market Dynamics:
The global helicopter market is poised for substantial growth, driven by its inherent advantages in cost-effective maintenance. Helicopters, distinguished by their uncomplicated design and fewer moving parts compared to traditional fixed-wing aircraft, have gained traction within the global aviation sector. This simplicity translates into lower maintenance costs, a significant contributing factor to the increasing popularity of helicopters.
The engine technology employed in helicopters further amplifies their appeal, as these engines are renowned for their operational simplicity, resulting in heightened reliability. Notably, helicopters exhibit an extended operational lifespan and a longer time between overhaul (TBO) compared to their aircraft counterparts. This longevity sets them apart from aircraft engines with shorter TBOs, thus offering enhanced value and efficiency.
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What is Helicopter Market Segmentation:
These are rotor aircraft used for non-military purposes. In particular, they are aircraft used by civilian aviation and private companies to transport passengers. Civil helicopters are mainly used for government institutions, emergency services and hospital services. Rising prevalence of COVID pandemic and need for isolated transportation of patients from one hospital to other made possible by civil helicopters in 2020. Also, they played important role in rescue and training in floods situations in Japan, China, Australia and other countries.
by Type
Light
Medium
Heavy
by Point of Sale
OEM
Aftermarket
by Component & System
Airframe
Engine
by Application
Military
Civil
Commercial
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Who are Helicopter Market Key Players:
1. Airbus Helicopter Inc. (Airbus Group)
2. Agusta Westland
3. Bell Helicopter
4. Korea Aerospace Industries (KAI)
5. Avicopter
6. Eurocopter
7. PZL Swidnik
8. Enstrom Helicopter Corporation
9. Kaman Aerospace
10. Sikorsky Aircraft Corporation.
11. Columbia Helicopters
12. Leonardo S.p.A.
13. Lockheed Martin Corporation (Sikorsky)
14. MD Helicopters Inc.
15. Boeing Rotorcraft Systems
16. Jiangxi Changhe Aviation Industry Co., Ltd.
17. Robinson Helicopter Company
18. Russian Helicopters, JSC
19. Bell Helicopter Textron Inc.
Helicopter Market Regional Insights:
North America is leading the helicopter market with CAGR of approximately 8.4%. This is primarily owing to the US's mature helicopter business. As the government is paying more to improve the quality and efficacy of helicopters and their systems, the United States is a lucrative market for helicopter OEMs in the North American region. In order to boost its fleet, the US has likewise allocated a significant portion of its military budget on attack helicopters. Another element driving up demand in the North American region is the demand for light transport helicopters. Major helicopter manufacturers, such as Bell Helicopter, Leonardo, MD and others are also present in North America.
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Key questions answered in the Helicopter Market are:
• What is the current size of the Helicopter market, and what is its projected growth rate over a specific period?
• What was the Helicopter market size in 2022?
• What is the growth rate of the Market?
• Which are the factors expected to drive the Helicopter market growth?
• What are the different segments of the Helicopter Market?
• What growth strategies are the players considering to increase their presence in Helicopter ?
• What are the upcoming industry applications and trends for the Market?
• What major challenges could the Helicopter Market face in the future?
• What segments are covered in the Market?
• Who are the leading companies and what are their portfolios in Helicopter Market?
• What segments are covered in the Market?
• Who are the key players in the market?
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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