The global helicopter market size was USD 45.21 billion in 2021. The market is expected to grow from USD 48.74 billion in 2022 to USD 74.46 billion in 2029 at a CAGR of 6.24% in the 2022-2029 period. This information is provided by Fortune Business Insights™, in its report titled, “Helicopter Market, 2022-2029.”
According to our researchers, the increasing focus of governments of various nations on securing the defense system of their respective nations is among the top reason that is supporting the product demand.
Russia-Ukraine War Implication
The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
List of Key Players Covered in the Helicopter Market are:
- Airbus S.A.S (Netherlands)
- The Boeing Company (U.S.)
- Textron, Inc. (U.S.)
- Hindustan Aeronautics Limited (HAL) (India)
- Kawasaki Heavy Industries, Ltd (Japan)
- Leonardo SPA (Italy)
- Lockheed Martin Corporation (U.S.)
- MD Helicopters (U.S.)
- Robinson Helicopter Company (U.S.)
- Russian Helicopters, JSC (Russia)
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We curate our reports that are based on an all-inclusive review approach that primarily focuses on delivering accurate material. Our experts have applied a data navigation technique that further aids us to present perfectly reliable predictions, and thus examine the general market aspects precisely. Additionally, our analysts have gained access to various international as well as regionally sponsored lists for providing the up-to-date material so that the stakeholders and entrepreneurs make crucial capitalization only in the functional zones.
|Market size value in 2022||USD 45.21 billion|
|Revenue forecast in 2029||USD 74.46 billion|
|Growth Rate||CAGR of almost 6.24% 2022-2029|
|Historic Years||2018 – 2020|
|Forecast Years||2022 – 2029|
|Segments Covered||By Type, By System, and By Weight|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2022 to 2029|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||Companies covered in Helicopter Market Are Airbus S.A. S (Netherlands), The Boeing Company (U.S.) Textron, Inc. (U.S.), Hindustan Aeronautics Limited (HAL) (India) Kawasaki Heavy Industries, Ltd (Japan) Leonardo SPA (Italy), Lockheed Martin Corporation (U.S.), MD Helicopters (U.S.), Robinson Helicopter Company (U.S.), Russian Helicopters, JSC (Russia)|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Rising Government Expenditure on Border Security to Fast-track Heavy Weight Segment
Based on type, the market is segregated into civil & commercial and military.
On the basis of application, the market is classified into Emergency Medical Service (EMS), corporate service, search and rescue operations, defense, homeland security, oil and gas, and others.
In terms of system, the market is categorized into airframe, engine, avionics, landing gear system, and cabin interior.
By weight, the market is classified into lightweight, medium weight, and heavy weight. The heavy weight segment is anticipated to dominate the market during the forecast period.
By point of sale segment, the market is divided into OEM and aftermarket.
The market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Augmented Demand for Emergency Medical Service (EMS) and Search and Rescue (SAR) Helicopters to Spur Market Growth
Helicopters are expansively utilized in various applications in the military as well as commercial sectors. These days, there has been a surge in the product usage in applications such as Emergency Medical Services (EMS) and search and rescue, which boosts the helicopter market growth. Helicopter Emergency Medical Service (HEMS) and Search and Rescue (SAR) helicopters are utilized for an assortment of uses such as transportation of equipment, personnel, and patients.
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North America to Dominate Backed by Huge Expenditure on Defense Requirements
North America held the largest helicopter market share and dominated the market in 2021 valued at USD 17.15 billion. The growth is owing to the highest defense spending, military modernization agendas, and a huge number of procurement of advanced lightweight helicopters from the U.S. Army.
Asia Pacific is estimated to depict notable growth during 2021-2028. The growth is backed by rising defense spending from developing economies such as China and India.
Europe will demonstrate remarkable growth, owing to the surging defense expenditure from the U.K., Germany, Russia, and other European nations.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights-Impact of COVID-19 Pandemic on Global Helicopter Market
- Impact of COVID-19 Pandemic on Global Helicopter Market
- Steps Taken by Industry/Companies/Government to Overcome the Impact
- Key Development in the industry in Response to COVID-19 Pandemic
- Potential Opportunities due to COVID-19 Outbreak
- Global Helicopter Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Definitions
- Market Analysis, Insights and Forecast – By Type
- Civil & Commercial
- Market Analysis, Insights and Forecast – By Application
- Emergency Medical Services (EMS)
- Corporate Services
- Search and Rescue Operation
- Oil and Gas
- Homeland Security
- Market Analysis, Insights and Forecast – By System
- Landing Gear System
- Cabin Interiors
- Market Analysis, Insights and Forecast – By Weight
- Light Weight
- Medium Weight
- Heavy Weight
- Market Analysis, Insights and Forecast – By Point of Sale
- Market Analysis, Insights and Forecast – By Region
- North America
- Rest of the world
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Prime Players Engage in Considerable Deals to Make Notable Changes in Market
The players functioning in the market often employ several tactics that will assist the market growth and product demand. Among the pool of tactics, one such noteworthy strategy to expand the business prospect is engaging in multimillion contracts with government bodies and safeguarding a profitable revenue for their own company.
Key Industry Development
November 2021 – Lockheed Martin selected Rossell Techsys for support in the manufacturing of MH-60R multi-role helicopters destined for the Indian Navy. Rossell Techsys will support in Built to Print (BTP) production of Electric Wire Harness and Interconnect System (EWIS) for installation in MH-60 R helicopters.
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