PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209835
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209835
Helicopter Market Forecasts to 2028 - Global Analysis By Component, Type, Sales Channel (Maintenance, Repair and Operation, Original Equipment Manufacturer and Other Sales Channels), Application and By Geography
According to Stratistics MRC, the Global Helicopter Market is accounted for $48.74 billion in 2022 and is expected to reach $78.38 billion by 2028 growing at a CAGR of 8.2% during the forecast period. A helicopter is a type of rotorcraft with horizontally spinning rotors that provide lift and thrust. These rotors enable Vertical Takeoff and Landing (VTOL) and allow the aircraft to hover in place for an extended period of time. These rotorcrafts are intended to perform various operations and flights in congested or isolated areas where fixed-wing aircraft cannot fulfil mission requirements. In terms of efficiency and dependability, these aircraft have evolved significantly over the last two decades. They have several applications, namely, military, commercial, and general. In recent years, the general aviation sector has exhibited the most air traffic growth by rotorcraft aviation, including emergency medical services.
According to Helicopter Association International (HAI), sales of military helicopters were approximately 29.2 billion USD and civil helicopters accounted for 17.82 billion USD in terms of sales.
Market Dynamics:
Driver:
Increasing Demand for Emergency Medical Service Helicopters
The use of helicopters is growing for emergency medical services as they offer specialized crew and necessary equipment for emergency situations. In remote locations helicopter emergency medical services play a fundamental role in saving lives. This has led the governments in various countries to support the implementation of helicopters as air ambulances. Technological developments in air ambulance services are projected to boost the growth of the market. Hence, the use of helicopters for Emergency Medical Service is expected to drive market growth of the market.
Restraint:
High Manufacturing Costs
The integration of new and advanced electronics is increasing with a focus on enhancing functionality. These factors result in high manufacturing costs. The manufacturing of helicopters for specialized applications requires specific equipment to test calibration. In addition, manufacturers are also using 3D printing to create lightweight airframes and other components, which further increases costs. Likewise, the increasing use of composite materials for helicopter airframe also tends to increase the overall cost of helicopter. Therefore, the high costs involved in manufacturing the helicopter is expected to hinder market growth.
Opportunity:
Replacement of aging helicopter fleets
The development of next-generation compound and tilt helicopters is expected to drive the growth of the market and result in a significant number of helicopter replacements and capability extensions. Traditional surveillance systems are being replaced with active electronically scanned arrays on combat helicopters, owing to their ability to spread signal emissions across a wide range of frequencies. Emerging economies are investing in the development of electronically scanned array radar systems for combat helicopters. These countries have allocated substantial shares of their defence budgets to augment their existing defence power, which involves upgrading their helicopter fleet.
Threat:
Increased demand for drones and UAVs
Before the drone era, helicopters were used for various applications, including media, entertainment. After that same operations can be performed by using drones instead of a helicopter with reduced maintenance costs. Although drones are not capable of covering distances of hundreds of miles and long flight hours, they are capable of entering high-risk or restricted zones where helicopters cannot otherwise fly. Other than commercial applications, UAVs and drones have replaced helicopters in surveillance and aerial imaging applications for military and other security organizations. Hence, increased demand for drones and UAVs is anticipated to affect the helicopter market share negatively.
COVID-19 Impact
COVID-19 pandemic and lockdowns have resulted in several countries shutting down airports, ports, and commercial and domestic transportation. The majority of significant aircraft assembly plants had to shut down or scale back operations. The helicopter industry as a whole was less impacted than commercial airlines and even gained prominence in several nations by helping to efficiently distribute patients among overburdened medical institutions. However, the helicopter sector has been severely impacted and will likely face challenging times. Supply impacts were further compounded due to challenges on the demand-side owing to reduced disposable income, depleting savings, and increased concerns and uncertainties.
The commercial segment is expected to be the largest during the forecast period
The commercial segment is estimated to have a lucrative growth, due to increasing adoption of commercial helicopters in tourism, offshore, and transportation helicopter services. The market is primarily driven by the rapid utilization of helicopters in public safety, law enforcement, training, tourism, search and rescue, emergency medical services and fire fighting. The expansion of low-noise and environmentally friendly helicopter systems focusing on sustainable development are also providing an impulsion to the market. The commercial helicopters will see surging demand from oil & gas and offshore segments led by the varied usage of these helicopters in inspection and maintenance of offshore oil rigs.
The medical services segment is expected to have the highest CAGR during the forecast period
The medical services segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising demand for air ambulance services. Airborne medical services can travel more rapidly and operate in a broader area than a global ambulance, making them especially useful in low populated rural areas. An air ambulance is a specially equipped aircraft transporting sick or injured people in a medical emergency or long distances or something impossible with a standard ground ambulance. These ambulances are equipped with medical equipment essential for the care and treatment of injured or sick patients, like ground ambulances.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the easing of space rules and the rise of the regional aviation sector, increasing spending by governments of developing nations on the development of their fleet. Factors such as increasing demand for rotorcraft from the tourism industry, relaxation in airspace restrictions, investment in the indigenous aviation industry, and development of infrastructure in emerging economies are projected to fuel the growth.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the replacement of aging helicopters. The Clean Sky initiative in the region involving a public-private partnership between the European Commission and the European aeronautics industry is developing sophisticated technologies to manufacture environmentally friendly and quieter rotorcraft. Therefore, these factors are boosting the growth of the market.
Key players in the market
Some of the key players profiled in the Helicopter Market include Columbia Helicopters, Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Robinson Helicopter Company., Airbus S.A.S., Lockheed Martin Corporation, Boeing Rotorcraft Systems, Bell Helicopter Textron Inc., Aviation Industry Corporation of China, MD Helicopters, Inc., Korea Aerospace Industries, Leonardo S.P.A., Carlson Helicopter Inc., Russian Helicopters, Kaman Aerospace, Mitsubishi Heavy Industries Ltd., Bristow Group Inc., Sikorsky Aircraft Corporation, Kawasaki Heavy Industries, Ltd and Schweizer Aircraft Corp.
Key Developments:
In August 2022, Airbus signed a contract with the Brazil government that will involve the delivery of ACH160 helicopters for the annual Latin America business aviation conference and exhibition.
In December 2021, Textron Inc. announced a contract with the US government for building the AH-1Z flight training devices for Czech Republic's new helicopter fleet.
In April 2020, Leonardo acquired Kopter Group AG, a Switzerland-based helicopter manufacturing company. The acquisition strengthened the company's position in the global helicopter market.
Components Covered:
- Engine
- Airframe
- Other Components
Types Covered:
- Commercial
- Military and Civil
- Other Types
Sales Channels Covered:
- Maintenance, Repair and Operation (MEO)
- Original Equipment Manufacturer (OEM)
- Other Sales Channels
Applications Covered:
- Law Enforcement & Public Safety
- Transport
- Medical Services
- Oil & Gas
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Helicopter Market, By Component
- 5.1 Introduction
- 5.2 Engine
- 5.3 Airframe
- 5.4 Other Components
6 Global Helicopter Market, By Type
- 6.1 Introduction
- 6.2 Commercial
- 6.3 Military and Civil
- 6.4 Other Types
7 Global Helicopter Market, By Sales Channel
- 7.1 Introduction
- 7.2 Maintenance, Repair and Operation (MEO)
- 7.3 Original Equipment Manufacturer (OEM)
- 7.4 Other Sales Channels
8 Global Helicopter Market, By Application
- 8.1 Introduction
- 8.2 Law Enforcement & Public Safety
- 8.3 Transport
- 8.4 Medical Services
- 8.5 Oil & Gas
- 8.6 Other Applications
9 Global Helicopter Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Columbia Helicopters
- 11.2 Enstrom Helicopter Corp.
- 11.3 Hindustan Aeronautics Limited,
- 11.4 Robinson Helicopter Company
- 11.5 Airbus S.A.S.
- 11.6 Lockheed Martin Corporation
- 11.7 Boeing Rotorcraft Systems
- 11.8 Bell Helicopter Textron Inc.
- 11.9 Aviation Industry Corporation of China
- 11.10 MD Helicopters, Inc.
- 11.11 Korea Aerospace Industries
- 11.12 Leonardo S.P.A.
- 11.13 Carlson Helicopter Inc.
- 11.14 Russian Helicopters
- 11.15 Kaman Aerospace
- 11.16 Mitsubishi Heavy Industries Ltd.
- 11.17 Bristow Group Inc.
- 11.18 Sikorsky Aircraft Corporation
- 11.19 Kawasaki Heavy Industries, Ltd
- 11.20 Schweizer Aircraft Corp.
List of Tables
- Table 1 Global Helicopter Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 3 Global Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 4 Global Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 5 Global Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 6 Global Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 7 Global Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 8 Global Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 9 Global Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 10 Global Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 11 Global Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 12 Global Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 13 Global Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 14 Global Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 15 Global Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 16 Global Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 17 Global Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 18 Global Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 19 Global Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 20 North America Helicopter Market Outlook, By Country (2020-2028) ($MN)
- Table 21 North America Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 22 North America Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 23 North America Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 24 North America Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 25 North America Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 26 North America Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 27 North America Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 28 North America Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 29 North America Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 30 North America Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 31 North America Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 32 North America Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 33 North America Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 34 North America Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 35 North America Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 36 North America Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 37 North America Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 38 North America Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 39 Europe Helicopter Market Outlook, By Country (2020-2028) ($MN)
- Table 40 Europe Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 41 Europe Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 42 Europe Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 43 Europe Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 44 Europe Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 45 Europe Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 46 Europe Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 47 Europe Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 48 Europe Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 49 Europe Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 50 Europe Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 51 Europe Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 52 Europe Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 53 Europe Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 54 Europe Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 55 Europe Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 56 Europe Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 57 Europe Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 58 Asia Pacific Helicopter Market Outlook, By Country (2020-2028) ($MN)
- Table 59 Asia Pacific Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 60 Asia Pacific Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 61 Asia Pacific Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 62 Asia Pacific Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 63 Asia Pacific Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 64 Asia Pacific Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 65 Asia Pacific Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 66 Asia Pacific Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 67 Asia Pacific Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 68 Asia Pacific Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 69 Asia Pacific Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 70 Asia Pacific Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 71 Asia Pacific Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 72 Asia Pacific Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 73 Asia Pacific Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 74 Asia Pacific Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 75 Asia Pacific Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 76 Asia Pacific Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 77 South America Helicopter Market Outlook, By Country (2020-2028) ($MN)
- Table 78 South America Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 79 South America Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 80 South America Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 81 South America Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 82 South America Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 83 South America Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 84 South America Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 85 South America Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 86 South America Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 87 South America Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 88 South America Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 89 South America Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 90 South America Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 91 South America Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 92 South America Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 93 South America Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 94 South America Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 95 South America Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 96 Middle East & Africa Helicopter Market Outlook, By Country (2020-2028) ($MN)
- Table 97 Middle East & Africa Helicopter Market Outlook, By Component (2020-2028) ($MN)
- Table 98 Middle East & Africa Helicopter Market Outlook, By Engine (2020-2028) ($MN)
- Table 99 Middle East & Africa Helicopter Market Outlook, By Airframe (2020-2028) ($MN)
- Table 100 Middle East & Africa Helicopter Market Outlook, By Other Components (2020-2028) ($MN)
- Table 101 Middle East & Africa Helicopter Market Outlook, By Type (2020-2028) ($MN)
- Table 102 Middle East & Africa Helicopter Market Outlook, By Commercial (2020-2028) ($MN)
- Table 103 Middle East & Africa Helicopter Market Outlook, By Military and Civil (2020-2028) ($MN)
- Table 104 Middle East & Africa Helicopter Market Outlook, By Other Types (2020-2028) ($MN)
- Table 105 Middle East & Africa Helicopter Market Outlook, By Sales Channel (2020-2028) ($MN)
- Table 106 Middle East & Africa Helicopter Market Outlook, By Maintenance, Repair and Operation (MEO) (2020-2028) ($MN)
- Table 107 Middle East & Africa Helicopter Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
- Table 108 Middle East & Africa Helicopter Market Outlook, By Other Sales Channels (2020-2028) ($MN)
- Table 109 Middle East & Africa Helicopter Market Outlook, By Application (2020-2028) ($MN)
- Table 110 Middle East & Africa Helicopter Market Outlook, By Law Enforcement & Public Safety (2020-2028) ($MN)
- Table 111 Middle East & Africa Helicopter Market Outlook, By Transport (2020-2028) ($MN)
- Table 112 Middle East & Africa Helicopter Market Outlook, By Medical Services (2020-2028) ($MN)
- Table 113 Middle East & Africa Helicopter Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 114 Middle East & Africa Helicopter Market Outlook, By Other Applications (2020-2028) ($MN)
