Helicopter market was valued at USD 33.76 billion in 2022 and expected to grow at a CAGR of 6.3% during the forecast period.
A helicopter is a type of aircraft that uses rotating blades to take off, hover, and land vertically. It is also known as a chopper, whirlybird, or rotorcraft. Unlike fixed-wing aircraft, helicopters are able to take off and land from almost any surface and can hover in one spot. They are commonly used for a wide range of purposes, including military operations, search and rescue, transportation of people and cargo, aerial photography, firefighting, and medical evacuation. Helicopters come in various sizes and designs, ranging from small personal helicopters to large military transport helicopters.
The helicopter market is influenced by various factors such as increasing demand for helicopters in the military and defense sector, the growing popularity of helicopter tourism, and the rising demand for emergency medical services. Technological advancements in the design and production of helicopters have also contributed to the growth of the market.
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One of the major factors driving the helicopter market is the increasing demand from the military and defense sector. Helicopters are extensively used in various military operations such as troop transportation, search and rescue, and medical evacuation. Additionally, the increasing geopolitical tensions across the world have led to an increase in defense spending, which is expected to drive the demand for military helicopters.
Another important factor driving the growth of the helicopter market is the growing popularity of helicopter tourism. Helicopter tourism provides an opportunity for tourists to experience the beauty of popular tourist destinations from the air. This has led to an increase in demand for helicopters in the tourism industry.
Furthermore, the rising demand for emergency medical services has also contributed to the growth of the helicopter market. Helicopters are extensively used in medical emergency services, especially in areas where access to medical facilities is limited.
However, the high cost of acquisition and maintenance of helicopters is a major restraint for the growth of the market. Additionally, stringent government regulations and safety standards may also hamper the growth of the market.
Impact of COVID
The COVID-19 pandemic has significantly impacted the helicopter market. The decline in global economic growth and disruptions in the supply chain have resulted in a decrease in demand for helicopters. The pandemic has affected the aviation industry as a whole, and the helicopter market has not been an exception. The travel restrictions and lockdown measures have led to a reduction in commercial helicopter flights, which has negatively affected the revenue of helicopter operators.
Furthermore, the pandemic has led to the cancellation of several helicopter orders and deliveries, resulting in a decrease in the growth of the market. The uncertain economic situation and reduced demand for air travel have made it difficult for helicopter manufacturers to predict their future production levels.
However, the pandemic has also highlighted the importance of helicopters in emergency medical services, search and rescue operations, and law enforcement. This has increased the demand for helicopters in these sectors, which has partially offset the decline in demand in other areas. Additionally, the increasing focus on urban air mobility and the development of eVTOLs (electric vertical takeoff and landing aircraft) is expected to provide new growth opportunities for the helicopter market in the post-COVID-19 era.
Market Segmentation:
Helicopter type:
- Commercial Helicopters: Divided into categories according to their intended usage, which includes law enforcement, offshore oil and gas activities, tourism, medical transport, and more.
- Military Helicopters: Organized according to their intended use, including attack, transport, reconnaissance, and search and rescue helicopters.
Amount and Dimensions:
- Light Helicopters: Usually employed for small-scale commercial operations, training, or personal transportation.
- Medium helicopters are frequently utilized for business travel, emergency medical services, and other commercial purposes.
- Heavy helicopters: Suitable for heavy-lift tasks including hauling freight, building structures, and supporting offshore rigs.
Consumer Type:
- Private persons, businesses, and organizations who use helicopters for non-military objectives are considered civil customers.
- Government and Military: Emphasizing the purchase of helicopters by government and military organizations for use in defense, search and rescue, and other capacities.
Objectivity and application:
- Segmenting clients who use helicopters for search and rescue activities, such as the coast guard and emergency services providers.
- Separating those who use helicopters for executive transportation, shuttles for passing passengers, and cargo transportation.
- Targeting the agricultural industry, which includes spraying pesticides and dusting crops.
Features and Technology:
- dividing up the market based on the sophistication of the technology and the functions it offers, such as avionics, navigation systems, safety features, and fuel efficiency.
Possession Model:
- targeting buyers who would prefer to buy helicopters outright.
- Focusing on consumers who choose to lease or rent helicopters for use over a shorter period of time.
Key Player:
Some of the major companies operating within the market are
Airbus,
bell Textron Inc,
Helicopters Guimbal,
Kaman Corporation,
Kawasaki Heavy Industries Ltd,
Leonardo SpA,
MD Helicopters Inc,
Mitsubishi Heavy Industries Ltd,
Robinson Helicopter Company The Boeing Company,.
These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Helicopter globally.
Regional Analysis:
North America: The North American region is expected to hold a significant share in the helicopter market. The region has a strong presence of helicopter manufacturers, such as Bell Helicopter, Sikorsky Aircraft Corporation, and Robinson Helicopter Company. The demand for helicopters is high in North America due to their extensive use in the oil and gas industry, emergency medical services, and law enforcement.
Europe: Europe is expected to witness steady growth in the helicopter market. The region has a significant number of helicopter manufacturers, including Airbus Helicopters and Leonardo S.p.A. The demand for helicopters is high in Europe due to their use in search and rescue operations, law enforcement, and tourism.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the helicopter market. The region has a large number of emerging economies, such as China and India, which are investing heavily in their defense and commercial sectors. The demand for helicopters is high in the region due to their use in transportation, tourism, and disaster relief operations.
Middle East and Africa: The Middle East and Africa region is expected to witness steady growth in the helicopter market. The region has a significant demand for helicopters in the oil and gas industry, tourism, and law enforcement.
Latin America: Latin America is expected to witness moderate growth in the helicopter market. The region has a significant demand for helicopters in the defense sector, law enforcement, and search and rescue operations.
Overall, the helicopter market is expected to witness steady growth in the coming years, driven by the increasing demand for helicopters in the defense, oil and gas, and emergency services sectors.
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Reasons to Purchase this Report:
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in-depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
Key Points:
- Define, describe and forecast Helicopter Market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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