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Military Helicopter Contributes Largest Revenue to the Global Helicopter Market

04-06-2017 07:44 PM CET | Logistics & Transport

Press release from: P&S Market Research - Aviation & Naval

Military Helicopter Contributes Largest Revenue to the Global

The global helicopter market is expected to grow at a CAGR of 3.4% during 2017 - 2023.

Global helicopter market is growing at a CAGR of 3.4% during 2017 - 2023

According to the study, the global helicopter market is likely to grow at a CAGR of 3.4% during 2017 – 2023. Technological advancements, ageing helicopter fleet, and increasing usage of helicopters in disaster relief are driving the global helicopter market. The market is further expected to gain revenue due to the increasing customer compliance for more equipped and sophisticated avionics and flight safety. Although, there has been a drop in the number of new fleet during 2013 – 2016, increased demand from developing nations would create ample opportunities for the global helicopter manufacturers.

Browse Detailed Report Description at: www.psmarketresearch.com/market-analysis/helicopters-market

Insights on market segments

As per the findings of research, military helicopter held the larger share in the global helicopter market in 2016, primarily due to high value to volume ratio and increased demand from emerging economies in Asia-Pacific and increased need for advanced defense equipment. Civil helicopters market is expected to witness higher growth during 2017 – 2023. The highest growth of civil helicopter is attributed to the increasing demand in law enforcement, tourism, medical services, general utility and firefighting. However, the ongoing crisis in the oil and gas industry may lead to slower adoption of new fleet, especially large and heavy helicopters.

Browse report Sample at: www.psmarketresearch.com/market-analysis/helicopters-market/report-sample

Advancement in combat helicopter technology expected to have significant impact on the helicopter market

There have been many technological innovations and advancements taking place in the helicopter market. The latest advancements in combat helicopter technology have enabled adoption of helicopters in harsh environmental conditions. The innovation in engine, airframe, performance, responsiveness, mission systems have enabled helicopters to operate in harsh environmental conditions. Military forces across the globe, especially in developing economies, are focusing on upgrading and acquiring military helicopters, which are required to have advanced features and are capable or operating in harsh environments. These countries are filling gap in their military operation requirements, which illustrate demand for technologically advanced military helicopters.

Browse Other Related report at: www.psmarketresearch.com/industry-report/automotive-and-transportation

Key players focusing on the development of medium helicopters

The global helicopter manufacturers are actively involved in the development of medium helicopters for civil or military purpose with increased focus on security and technology. Operators are specifically showing interest in intermediate and medium civil helicopters in law enforcement, firefighting, and medical services. The global market especially Asia-Pacific and Latin American market exhibit strong purchase intentions for intermediate and medium helicopters. Therefore, helicopter manufacturers are focusing on the medium civil helicopter segment to increase their revenues. In March 2015, Airbus Helicopters introduced H160, a twin-engine medium class helicopter. The company claimed that the H160 represents its strategy to provide the efficient solutions for its customers to safely carry passengers in the demanding environments.

Some of the other key players in the market include Sikorsky Aircraft, Bell Helicopter, Airbus Group, Leonardo, Russian Helicopters, The Boeing Company, Hindustan Aeronautics Limited, Kaman Corporation, MD Helicopters, Inc., and Robinson Helicopter Company.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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