Press release
Search And Rescue Helicopter Market Size, Share, Demand Patterns, Future Growth And Forecasts 2024-2033 | Key Players: Airbus S.A.S., Lockheed Martin Corporation, Leonardo S.p.A., Bell Textron Inc., Hindustan Aeronautics Limited
Search And Rescue Helicopter Market Report
The Business Research Company offers in-depth market insights through Search And Rescue Helicopter Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The search and rescue helicopter market size has grown strongly in recent years. It will grow from $2.25 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing natural disasters, military and defense operations, growing maritime activities, population growth in coastal areas, international humanitarian missions, global terrorism threats.
The search and rescue helicopter market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising global security concerns, focus on humanitarian aid efforts, enhanced training programs for sar crews, focus on long-range and endurance, international cooperation in sar missions. Major trends in the forecast period include adoption of advanced sensor technologies, multi-mission capabilities, night vision and thermal imaging, lightweight construction materials, integration of artificial intelligence, collaboration with satellite systems.
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Market Segmentation:
The search and rescue helicopter market covered in this report is segmented -
1) By Type: Light, Medium, Heavy
2) By Component: Aero Structures, Engine, Avionics, Rescue Equipment, Electrical System, Other Components
3) By Technology: Night Vision Devices, Forward-Looking Infrared (FLIR) Cameras, Wireless Communication System, Multifunction Displays, Advanced Direction Finding Capabilities
4) By End-Use: Commercial And Civil, Military
Major Driver - Global Surge In Demand For Advanced Search And Rescue Helicopters Drives Market Growth
The increasing demand for advanced search and rescue helicopters by various countries is expected to propel the growth of the search and rescue helicopter market going forward. Search and rescue helicopters are widely used in search and rescue operations, and they cover the entire civilized world, meeting the demand for quick and secure transportation for the military, law enforcement, public safety, and other search and rescue applications. For instance, in July 2022, Bristow Helicopters Ltd., a UK-based civil helicopter operator company, signed a £1.6 billion agreement with the Maritime and Coastguard Agency (MCA), an executive agency of the United Kingdom. The ten-year agreement combines the delivery of 18 helicopters, including existing Leonardo AW189s and Sikorsky S92As, augmented by the introduction of Leonardo AW139 helicopters, and one mobile, deployable Schiebel S-100 drone system. Therefore, the increasing demand for advanced search and rescue helicopters by various countries across the world is driving the growth of the search and rescue helicopter market.
Competitive Landscape:
Major companies operating in the search and rescue helicopter market report are Airbus S.A.S., Lockheed Martin Corporation, Leonardo S.p.A., Bell Textron Inc., Hindustan Aeronautics Limited, Enstrom Helicopter Corporation, Korea Aerospace Industries, McDonnell Douglas Helicopter Systems, Robinson Helicopter Company, Russian Helicopters JSC, Sikorsky Aircraft, Marenco Swiss Helicopter, Elbit Systems Ltd., Bristow Group Inc., Helicopteres Guimbal, Kaman Corporation, Kawasaki Heavy Industries Ltd., The Boeing Company, Everett Aviation Ltd., Petroleum Helicopters International Inc., Babcock International, CHC Helicopter Group, Milestone Aviation, Bristow Helicopters Ltd., Air Methods Corporation, Life Flight Network, Metro Aviation, REACH Air Medical Services, Survival Flight Inc. .
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Top Trend - Emerging Trends Integration Of Advanced Technologies Elevates Search And Rescue Helicopters In Global Markets
Integration of advanced technologies in search and rescue helicopters is gaining popularity as a major trend in the global search and rescue helicopter market. SAR teams are increasingly incorporating new technologies to perform lifesaving search and rescue missions and aid disaster relief efforts within devastated communities and inaccessible locations. Integration of advanced technologies such as next-generation helicopter avionics control display units with night vision devices, self-sealing fuel tanks, forward-looking infrared (FLIR) cameras, wireless communication systems, multifunction displays, and advanced direction-finding capabilities For instance, in November 2022, Bristow Group Inc., a US-based innovative and sustainable vertical flight solutions company, launched search and rescue (SAR) helicopter services for the Netherlands coastguard. The Coastguard agreement provides SAR-configured AW189 helicopters with mission management and data-link systems, as well as 24/7 all-weather search and rescue service at the Den Helder and Midden Zeeland Airports.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Search And Rescue Helicopter Market Characteristics
3. Search And Rescue Helicopter Market Trends And Strategies
4. Search And Rescue Helicopter Market - Macro Economic Scenario
5. Search And Rescue Helicopter Market Size And Growth
…..
27. Search And Rescue Helicopter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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