Commercial Helicopters Market to Reach $47.69B by 2028 with 4.6% CAGR - Key Drivers and Innovations

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Commercial Helicopters Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $47.69 billion In 2028 At A CAGR Of 4.6%:

The commercial helicopters market size has grown exponentially in recent years. It will grow from $31.98 billion in 2023 to $39.89 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. The growth in the historic period can be attributed to increased use of helicopters in search and rescue (sar), growing demand for air ambulance services, government support and rising number of tourist destinations.

The commercial helicopters market size is expected to see steady growth in the next few years. It will grow to $47.69 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising demand for air taxi, rise in air transportation, increasing commercial aircraft orders, growth in offshore oil and gas industry and growing urbanization. Major trends in the forecast period include development of drone taxis, development of uav commercial helicopters, use of artificial intelligence technology, product innovations, use of internet of things (iot), development of hybrid-electric demonstrator for commercial missions, strategic partnerships and collaborations and development of flying laboratories to test next generation of innovations.

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Commercial Helicopters Market Major Segments
The commercial helicopters market covered in this report is segmented -
1) By Type: Light-Weight Commercial Helicopter, Medium-Weight Commercial Helicopter, Heavy-Weight Commercial Helicopter
2) By Number Of Engines: Single-Engine, Multi-Engine
3) By Application: Oil And Gas, Transport, Medical Services, Law Enforcement And Public Safety, Other Applications

Key Driver - Rising Use Of Helicopters In Critical Services Drives Growth In The Commercial Helicopters Market

Rising usage of helicopters in emergency medical services (EMS), search and rescue (SAR), and firefighting operations is expected to drive the growth of the commercial helicopters market. Air EMS creates a significant part of the medical transport system that assists in shuttling patients, equipment, supplies, and medical personnel throughout the medical network for time-critical emergency transport as well as long-distance scheduled transfers. According to the MIT International Center for Air Transportation (ICAT), air ambulances transport approximately 400,000 patients by rotary-wing and 150,000 by fixed-wing aircraft each year in the USA, compared to 36 million transported by ground. Thus, the ever-increasing number of helicopters in EMS is one of the key drivers for the growth of the commercial helicopters market.

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Prominent Trend - Technological Innovations Drive Competitive Advantage In The Commercial Helicopters Market

Major companies operating in the industry are focusing on introducing technological innovations to maintain their position in the competitive business environment, which is gaining significant popularity in the commercial helicopters market. For instance, Bell, part of Textron, is developing a new technology called electrically distributed anti-torque (EDAT) to decrease the sound problem. The new system ensures enhancements to safety and operating cost, as well as a decrease in sound compared to an aircraft with a conventional tail rotor. The 429, built with EDAT technology, features four fans, electrically driven, in the back of the helicopter instead of the conventional rotor setup. It provides key benefits to the traditional tail rotor.

Commercial Helicopters Market Players
Major companies operating in the commercial helicopters market report are Airbus SE, Leonardo SpA, Russian Helicopters, Textron, Lockheed Martin Corporation, Kawasaki Heavy Industries Ltd, Aviation Industry Corporation of China (AVIC), Robinson Helicopter Company, MD Helicopters Inc, Kaman Corporation, Airbus Helicopters India Pvt Ltd, Bell Helicopter India, Eurocopter India Pvt Ltd, HAL, Indian Rotorcraft, Indocopters, Mahindra, Ramco, TataCitic Offshore Helicopter (COHC), China Flying Dragon General Aviation, China Southern Zhuhai Helicopter Company, Reignwood, Sichuan Xilin Fengteng, China Eastern GA, Citic Offshore Helicopter (COHC), Aerospeed Ltd, Aeroventure Museum, Air Alderney, Air Harrods Ltd, Airwork (Helicopters) Ltd, Atlas Helicopters, Avincis Group, Babcock International, Bond Aviation Group, Boscombe Down Aviation Collection, Bournemouth Helicopters Ltd, Brintel Helicopters, Bristow, British Airways Helicopters, British Caledonian Helicopter, British European Airways, British Executive Air Services, Kazan Helicopters, Mil Moscow Helicopter Plant, Kamov Design Bureau, Motor Sich JSC, Antonov State Enterprise, Brantly International, the Boeing Company, Magellan Aerospace, Northstar Aerospace Inc, Bombardier Inc, Era Group Inc, Vector Aerospace, Flapper, Helibras, Turkish Aerospace Industries Inc., Gulf Helicopters Company (GHC), Ayezan E Gistics Llc, Transworld Aviation FZE, Abu Dhabi Aviation.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the commercial helicopters market in 2023. North America is expected to be the fastest-growing region in the global commercial helicopters market share during the forecast period. The regions covered in the commercial helicopters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

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