Helicopter Engines Market Size, Analysis, Trends, Overview And Forecast To 2033

"The new report published by The Business Research Company, titled Helicopter Engines Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 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

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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.

Contents of the report:
1. Executive Summary
2. Helicopter Engines Market Report Structure
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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