PUNE,
India, July 17, 2024 /PRNewswire/ --
The Helicopter Market size was valued at USD 31.85 Billion in 2023 and the total
Helicopter Market revenue is expected to grow at a CAGR of 4.7%
from 2024 to 2030, reaching nearly USD 43.92
Billion.
Reports on competitive analyses encompass company overviews,
financial performances, product portfolios, and strategies of key
players in the Helicopter market. To assess strengths and
weaknesses, a comprehensive SWOT analysis was conducted, while a
PESTLE analysis was carried out to understand the impact of
macroeconomic factors on the market. Also, the report includes
detailed analyses of investments made by market players to enhance
their global presence.
The research methodology utilized in analysing the Helicopter
market encompasses a thorough approach that combines primary data
which is often collected through surveys, interviews, and focus
groups with industry experts and stakeholders such as
manufacturers, maintenance, repair, and overhaul providers,
regulatory authorities, investors and financial institutions
research and development organizations. This allows for firsthand
insights into market trends, consumer behaviour, and regulatory
challenges and secondary research utilizing reports from government
sources, industry publications, and financial statements. Market
sizing and forecasting techniques are employed alongside
competitive analysis to provide valuable insights into the market
landscape. It also includes trade balance, market entry strategies,
costs in different region, technology adoption, regulatory
framework, compliance requirements and customer demographics which
makes it an investor's guide. The report encompasses Weight, Number
of Engine, Application segments and their analysis, which
elucidates their influence on the market. The estimation
methodology often adopts a bottom-up approach to accurately
determine market sizes.
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Global Helicopter Market 2023-2030: Key Highlights
Market Size in
2023:
|
USD 31.85 Bn
|
Market Size in
2030:
|
USD 43.92 Bn
|
CAGR:
|
4.7 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
229
|
No. of
Tables:
|
138
|
No. of Charts and
Figures:
|
193
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030
- Detailed information on factors that will assist Helicopter
market growth during the next seven years
- An estimation of the Helicopter market size
- Forecasts on upcoming trends and changes in consumer
behaviour
- The growth of the Helicopter market
- Analysis of the competitive landscape and detailed information
on companies
- Comprehensive details of factors that will impede the growth of
Helicopter companies
Competitive Landscape
The Helicopter Market includes the presence of several global as
well as regional key players. A few prominent players that offer
Helicopter in the market are Airbus Helicopter Inc.
(France and Germany), AgustaWestland (Italy) (part of Leonardo S.p.A.), Bell
Helicopter (United States), Korea
Aerospace Industries (KAI) (South
Korea), Avicopter (China),
PZL Swidnik (Poland) (part of
Leonardo S.p.A.), Enstrom Helicopter Corporation (United States), Kaman Aerospace (United States) and others.
What's New: Recent Additions and Updates
- Technological Advancements
- New Streaming Partnerships and Platforms
- Innovative Marketing Strategies
- Financial Performance and Investment
- Consumer Behaviour and Trends
- Regulatory Changes and Challenges
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report
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Market Overview
In recent years, helicopter air transportation has risen, with
updated, expanded, and increased services. Speed is key in
helicopter aviation, generating high demand due to its efficiency
and flexibility. This increasing demand is driving growth in the
helicopter market in the transport sector. Helicopters have
smoother take-off and landing times than conventional aircraft, and
geographic restrictions do not change, making them ideal for hops
and short trips. Moreover, the introduction of luxury helicopters
by industry leaders for public transport is poised to further spur
the growth of the helicopter market. For example, Airbus announced
the ACH160, a $14 million luxury
helicopter, designed for commercial or private use, which employs
10 passengers by September 2020. The
increasing demand for customized luxury helicopters, coupled with
innovative trends, is expected to drive strong growth in the global
helicopter market during the forecast period.
The Indian Multi-Role Helicopter (IMRH) developed by Hindustan
Aeronautics Limited (HAL) is a milestone in the Indian aerospace
industry, especially in the lift helicopter segment. The ambitious
project, scheduled for completion by 2027, will not only replace
the aging Mi-17 helicopter but position India to build imports worth Rs 4 lakh crore place in military helicopter.
With a large export plan and a target of manufacturing at least 500
products, IMRH's strategy is in line with India's 'Make in India' campaign, enhancing HAL's position as
the leading company in the global helicopter market. The IMRH
project represents a leap forward for India's space capabilities, promising to
enhance national security by boosting economic growth through
indigenous manufacturing and technology development.
As HAL progresses with its ambitious helicopter designs, the
ripple effects on the helicopter market are expected to include
heightened competition, technological innovation, and expanded
global market reach, positioning India as a key player in the global helicopter
industry landscape.
At the 4th China Helicopter Exposition in Tianjin, China showcased several advancements
in aviation technology. Highlights include a high-speed dual-rotor
cound system helicopter, the Z-19A attack helicopter equipped with
advanced radar, the upgraded Z-10 attack helicopter, and the
Tengoen TB-001 attack helicopter which was revealed. In addition,
China and Russia developed a pilot helicopter to develop
the Mi-46 heavy payload, designed for combat and logistics.
China's advances in helicopter
technology, as showcased at the Expo, are poised to have a
significant impact on the global helicopter market. The
introduction of high-speed helicopters, advanced radar systems and
improved operational capabilities in helicopters not only enhances
China's domestic defence
capabilities but also builds Chinese manufacturers formidable
competitors in the international market. These developments
can stimulate innovation, competition and strategic cooperation,
and affect the future landscape of helicopter development and
deployment worldwide.
In conclusion, the demand for helicopters is constantly
increasing worldwide, driven by factors such as the integration of
advanced AI systems and automation capabilities, which are pivotal
trends driving the growth of the helicopter market globally. The
Maximize Market Research report captures these trends in detail
across various regions. It provides a comprehensive analysis of
market trends, consumer preferences and competitive landscape in
each category. This comprehensive perspective provides stakeholders
with valuable information to navigate opportunities and challenges,
and ensures strategic decisions for sustainable growth in the
global Helicopter market.
Segment Overview
MMR has segmented the market based on
By
Type
- Civil and Commercial
- Military
By Weight
- Lightweight
- Medium Weight
- Heavy Weight
By Number of Engine
- Twin Engine
- Single Engine
By Application
- Emergency Medical Service
- Oil and Gas
- Defense
- Homeland Security
- Others
By Type, the Civil and Commercial segment held the largest
Helicopter Market share of about 65% for the Helicopter Market in
2023 and is expected to dominate the market at the end of the
forecast period. The growth is driven by growing need for emergency
services and a rising need for air transportation. The demand for
quick transportation and efficient grows as the population raises
and urban areas expand.
The military segment is expected to grow moderately over
2024-2030. The Helicopter Market is growing as an aging fleet is
replaced and modernized, including increased use in disaster relief
and humanitarian missions.
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Detailed segmentation values for each segment and
explanations for growth are provided in the final report.
Geography Overview
North America held the largest
market share of about xx% in 2023 for the Helicopter Market and is
expected to dominate the market at the end of the forecast period.
This dominance is attributed to the U.S. having the largest
helicopter fleet and a raising reliance on helicopters for air
ambulance services. The U.S. presently operates a fleet of nearly
7,014 helicopters, with over 1,000 dedicated to air ambulance
duties. The increase in demand for helicopter services is further
propelled by the developing offshore wind farm projects across the
country, driven by developing demands for cleaner and more viable
energy sources. This has led to a surge in new contracts and
partnerships, substantially boosting Helicopter Market value.
Five European and NATO members are moving forward to finalize an
agreement aimed at providing a framework for the integration of
next-generation medium-lift helicopters by the mid-2030s. Known as
the Next Generation Rotorcraft Capability (NGRC), it was launched
with initial talks in November 2020
between France, Germany, Greece, Italy
and the UK and later joined by the
Netherlands, Spain and the
US as observers. This milestone will kick off the concept phase,
where a request for proposals is planned for six to eight studies
critical to future rotorcraft design. The project aims to reach
initial production by 2035, with potential growth expanding
production by three stages by the end of the century. This program
seeks to avoid the complexities of the past and aims for a
helicopter that can fly faster, modular design and future electric
or hybrid power integration. As the NGRC progresses towards its
goals, stakeholders across the helicopter industry are likely to
witness a period of dynamic advancement and strategic partnerships,
shaping the future of aerial mobility across defence and civilian
sectors alike.
In the final report, past and future numbers and explanations
are incorporated seamlessly to provide a comprehensive
understanding of the Global Helicopter market.
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