The global helicopter blade MRO services market size is anticipated to inflate on account of the surging demand for choppers in the aerospace and defense sector throughout the globe and hence its elevated usage requires maintenance after certain intervals. This information is provided by Fortune Business Insights, in its upcoming report, titled, “Helicopter Blade MRO Services Market, 2022-2029.”
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COVID-19 Impacts:
Adverse Effect Observed on Market Owing to Financial Disruption Caused by COVID-19
The global influence of COVID-19 has been unparalleled and overwhelming, with helicopter blade MRO services observing a severe influence on demand throughout all regions amid the pandemic. In the past few months, the aspects of the MRO industry have fluctuated exponentially. Corporations are looking forward to overcoming the pandemic effect on financial commotion by merging with other important companies. Firms are also engaged in restructuring their product portfolio and supply chain ecosystem to curtail the effect of the pandemic.
Report Coverage:
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for helicopter blade MRO services in the forthcoming years.
Segmentation:
Based on type, the helicopter blade MRO services segment is classified into base maintenance and line maintenance.
Based on the helicopter type, the market is segmented into lightweight helicopters, medium-weight helicopters, and heavyweight helicopters.
Based on the application, the market is divided into a set of maintenance activities such as inspection, performance monitoring, and repairs.
In terms of geography, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Drivers and Restraints:
Surging Adoption of Digital and Modern Technologies in Helicopter Industry to Motivate Growth
The helicopter blade is made up of light composite material and necessitates maintenance at consistent intervals. While executing maintenance on a blade, the structural engineers and technicians perform a detailed examination to discover any scratches and cracks on the helicopter blade. The aerospace industry is observing significant progress in developing advanced technologies and using them while performing considerable maintenance activities. The increasing implementation of digital and modern methods for blade maintenance operations and surging global demand for helicopters are estimated to drive the growth of the helicopter blade MRO industry.
However, the great cost of equipment and installation pooled with all the severe government guidelines are expected to obstruct the helicopter blade MRO services market growth.
Regional Insights:
North America to Lead Stoked by Presence of Key Players
North America is estimated to lead the market owing to the existence of prime players such as Columbia Helicopters and Bell Helicopter. Also, the growth of the market in the region is accredited to the elevated acceptance of digital and modern procedures for blade maintenance operations.
The market in Europe is estimated to grow reasonably due to fundamental service providers such as Airbus SAS is predicted to navigate the market growth in this region. It is estimated to hold the second-largest helicopter blade MRO services market share during the forecast period.
The market in the Asia Pacific region is projected to record the highest CAGR during the forecast period. Nations such as China and Japan are anticipated to maintain their position as prime players in this region, whereas India, owing to its prompt growth in the heavy helicopter sector is developing as the fastest-growing market over the same period.
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Competitive Landscape:
Vital Business-related Declarations by Key Players to Impact Market Dynamics
Important companies in the market often make pivotal declarations regarding some business moves that in turn impact the market either affirmatively or adversely. Companies attain other firms, launch novel products, involve in partnership deals, and engage in contracts with government organizations.
Key Industry Developments:
December 2020: Erickson Integrated, the world’s dominating utility aircraft operator, maintainer, and producer, announced final FAA sanction for the S-64F and CH-54B composite main rotor blades. The progressive design of the blades, particularly in hot and high temperatures offers a considerable performance advantage.
List of Key Players Mentioned in the Report:
- Airbus SAS (France)
- Heli-One (Canada)
- Standard Aero (U.S.)
- Leonardo SpA (Italy)
- Standard Aero (U.S.)
- TAIGLOBAL Group (U.S.)
- Global Star Aerospace (U.S.)
- Textron Inc. (U.S.)
- Columbia Helicopters (U.S.)
- Bell Helicopter (U.S.)
- Transwest Helicopters(Canada)
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