Helicopter Engines Market 2024 - Examining Share Dynamics, Profiling Top Companies, Presenting Revenue Outlook, and Growth Forecast Until 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Helicopter Engines 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 helicopter engines market size has grown steadily in recent years. It will grow from $22.48 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to commercial aviation growth, increased search and rescue operations, increased use in law enforcement, border patrol and homeland security needs, increased offshore operations.

The helicopter engines market size is expected to see steady growth in the next few years. It will grow to $26.89 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to urban air mobility (uam) initiatives, renewal of aging helicopter fleets, growing demand for unmanned helicopters, focus on fuel efficiency and environmental sustainability. Major trends in the forecast period include advanced engine technologies, integration of digital technologies, hybrid and electric propulsion, retrofitting and engine upgrades, global expansion in civil aviation.

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Market Segmentation:
The helicopter engines market covered in this report is segmented -

1) By Type: Piston Engine, Gas Turbine Engine, Stamping Engine
2) By Weight: Light, Medium, Heavy
3) By Point Of Sale: New, Pre-Owned
4) By Application: Emergency Medical Services, Corporate Services, Search And Rescue Operations, Oil And Gas, Defense, Homeland Security, Other Applications

Major Driver - Growing Helicopter Usage Propels Expansion In The Helicopter Engines Market
The increasing usage of helicopters is expected to drive the growth of the helicopter engines market going forward. Helicopters are a type of aircraft that is used to fly to and from private residences with a limited number of passengers. Helicopters can be used for many applications, such as emergency medical services, corporate services, search and rescue operations, and many others. For instance, in January 2023, according to a report shared by Airbus, a France-based aerospace company, with a record-breaking 216 light single-engine helicopters supplied in 2022, Airbus Helicopters reported 374 gross orders (net: 362), demonstrating the continuous market recovery. Therefore, the increasing usage of helicopters will contribute to the growth of the helicopter engines market.

Competitive Landscape:
Major companies operating in the helicopter engines market report are Aviation Industry Corporation of China, Raytheon Technologies Corp., Airbus Helicopters SAS, Honeywell Aerospace, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, Safran S.A., Rolls-Royce PLC, Kawasaki Heavy Industries Ltd., IHI Corporation, GE Aerospace, TransDigm Group, StandardAero, Hindustan Aeronautics Limited, Woodward Inc., Pratt & Whitney Canada, Hamilton Sundstrand, MTU Aero Engines, Triumph Group Inc., ITP Aero, Aircraft Specialities Services Inc., ULPower Aero Engines, Rotax Aircraft Engines, Lycoming Engines, United Engine Corporation, Rotor X Aircraft Manufacturing Co., JSCKlimov, Tulsa Propulsion Engines, The Omsk Engine Design Bereau, Sunrise Helicopter Inc.

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Top Trend - Strategic Collaborations Propel Advancements In The Helicopter Engines Market
Strategic collaborations have emerged as a key trend gaining popularity in the helicopter engines market. Companies operating in the helicopter engines market are entering into strategic partnerships and collaborations to enhance their capabilities and competitiveness. For instance, in January 2023, Leonardo S.p.A., an Italy-based aerospace company, partnered with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, to produce the next-generation AW09 single-engine helicopter. The combined Leonardo and Safran Helicopter Engines support network will offer cutting-edge, straightforward, and cost-effective maintenance solutions, supported by customized PBH (Power-By-The-Hour) and SBH (Support-By-the-Hour) contracts and a wide range of digital services. Furthermore, in July 2022, Hindustan Aeronautics Limited (HAL), an India-based public sector aerospace and defense company, collaborated with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, to jointly develop the engine for the 13-ton IMRH (Indian Multi-Role Helicopter) and its DBMRH (Deck Based Multi-Role Helicopter) navy versions. To further increase the amount of domestic content in the Shakti engine of the Dhruv and Light Combat Helicopter (LCH) programs, both parties additionally agreed to a requirement for transferring to HAL the manufacturing rights for seven essential forging and casting raw parts.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Helicopter Engines Market Characteristics
3. Helicopter Engines Market Trends And Strategies
4. Helicopter Engines Market - Macro Economic Scenario
5. Helicopter Engines Market Size And Growth
…..
27. Helicopter Engines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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