Helicopter Market Size to Be Valued at USD 97.13 billion by 2032; Rising Demand for Air Ambulance Services to Augment Market Growth: Fortune Business Insights™

The helicopter market size was valued at USD 67.46 billion in 2023 and is expected to be worth USD 74.52 billion in 2024. The market is projected to reach USD 97.13 billion by 2032, recording a CAGR of 3.4% during the forecast period.

A helicopter is a type of aircraft that has one or more rotors that help it generate propulsion and lift, thereby allowing it to hover, take off, and fly in any direction, including backward, forward, and sideways. There are different types of airborne vehicles used for various purposes, such as military, commercial, and civilian activities. The growing demand for a faster mode of transport during emergency situations, such as medical emergencies and search & rescue operations will boost the use of these aircrafts.

The ongoing war between Russia and Ukraine had a favorable impact on the helicopter market growth as there was a high demand for combat aircraft during this period. After invading Ukraine, Russia has increased its production of weapons and aircraft by setting up new factories to cater to the rising demand for ammunitions and air transport vehicles. This factor will positively impact the demand for military rotorcrafts.

Fortune Business Insights™ displays this information in a report titled, "Helicopter Market Size, 2024-2032."

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/helicopter-market-101685

𝐋𝐢𝐬𝐭 𝐎𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐈𝐧 𝐓𝐡𝐞 𝐇𝐞𝐥𝐢𝐜𝐨𝐩𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭
◾ Airbus S.A.S (Netherlands)
◾ Textron Inc. (U.S.)
◾ Leonardo S.p.A. (Italy)
◾ Lockheed Martin Corporation (U.S.)
◾ The Boeing Company (U.S.)
◾ Rostec (Russia)
◾ Hindustan Aeronautics Limited. (India)
◾ Kaman Corporation (U.S.)
◾ The Robinson Helicopter Company (U.S.)
◾ Enstrom Helicopter Corporation (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
Rising Demand for Emergency Services Boosted Adoption of Civil & Commercial Rotorcrafts
By type, the market is segmented into civil & commercial, and military. The civil & commercial helicopters segment dominated the market in 2023 due to the growing need for quicker means of air transportation and high demand for emergency services.

Adoption of Twin-Engine Rotorcrafts Grew Due to Increasing Demand for Aircraft for SAR Operations
By number of engines, the market is segmented into single engine and twin engine. The twin engine segment dominated the market due to the rising demand for long-range rotor-wing aircraft to carry out Search and Rescue (SAR) missions.

Growing Need for On-Demand Rotorcraft Services Amplified Adoption of Rotorcrafts With Less Than 3,000 kg MTOW
By Maximum Take-Off Weight (MTOW), the market is segmented into less than 3,000 kg, 3,000 kg to 9,000 kg, and greater than 9,000 kg. The less than 3,000 kg segment held a dominant helicopter market share in 2023 due to the increasing demand for on-demand rotorcraft services.

Product Use Increased in Defense Applications Due to Growing Govt. Support for Aircraft Modernization
Based on application, the market is categorized into Emergency Medical Service (EMS), corporate service, search & rescue operations, oil & gas, defense, homeland security, and others. The defense segment dominated the market as governments across the world are showing their support for modernizing the existing aircraft to boost their performance and lifespan.

Increasing Backlogs of OEMs and Affordability Helped Pre-Owned Aircraft Dominate Market
Based on point of sale, the market is segmented into pre-owned and new. The pre-owned segment registered a higher growth rate in 2023 due to the affordability of these airplanes and rising backlogs deliveries by OEMs.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/helicopter-market-101685

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report studies the market in detail and focuses on many crucial areas, such as leading applications, number of engines, types, and top market players. It provides valuable information regarding the latest industry developments and the key market trends. Besides the factors, mentioned above, the report covers many other factors that have helped the market grow.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐢𝐫 𝐀𝐦𝐛𝐮𝐥𝐚𝐧𝐜𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The demand for air ambulance services is growing at a strong pace across the world as the field of medical technology is undergoing some major advancements. Moreover, these services help critically ill patients gain access to hospitals without any delay. Air ambulance services can also reach remote and inaccessible areas, making them ideal for quickly transporting patients to nearby medical facilities. These advantages have made these services quite popular among patients, which has boosted the demand for these aircrafts as they are widely used by air ambulance service providers to transport patients during medical emergencies.
However, high operational & maintenance costs and rising safety concerns can hinder the demand for this aircraft.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/helicopter-market-101685

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐮𝐞 𝐭𝐨 𝐑𝐢𝐬𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐬
North America captured the largest global market share in 2023 as this region is witnessing a robust rise in the number of military drills or programs. Many companies across North America are obtaining contracts from the defense forces to manufacture advanced rotorcrafts for military operations. This factor will also contribute to the regional market's dominance.
Europe captured the second-largest market share due to the growing demand for replacing the aging fleets and rising presence of reputed rotorcraft manufacturers.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐑&𝐃 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐃𝐞𝐯𝐞𝐥𝐨𝐩 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬
The helicopter market has a notable presence of leading companies, such as Textron Inc., Airbus S.A.S., Lockheed Martin Corporation, Leonardo S.p.A., and The Boeing Company, among others. These firms are increasing their investments in their research & development programs to create sustainable air transport operations. This move will help the market leaders cement their dominance and expand their customer base.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
In Flight Entertainment and Connectivity Market
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Aircraft Sensors Market
https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816

𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 - Airbus Helicopters entered an agreement with Aerovel to acquire Aerovel and its Unmanned Aerial System (UAS), Flexrotor. This move is aligned with Airbus' aim to enhance its range of tactical unmanned solutions. Flexrotor, a compact tactical unmanned aerial system, is designed for Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR) missions both at sea and on land. The Flexrotor is a contemporary Vertical Takeoff and Landing (VTOL) unmanned aircraft with a maximum launch weight of 25 kg.

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This release was published on openPR.