Helicopter Market Will Grow at a Healthy CAGR by 2027
A detailed analysis of the helicopter market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.
The global helicopter market is touted to register appreciable growth through the forthcoming years, owing to the escalating integration of progressive technologies comprising sensors, IoT, and automated control systems in helicopters.
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With respect to the component, the engine segment has seen key enormous developments due to the inevitable need for these parts in the helicopters. There has been considerable and growing investment in research and development by various market players. In June 2019, French company Safran Helicopter Engines gained the European Aviation Safety Agency certification for its H160 twin-engine helicopter of the Arrano turboshaft.
Several developments in the healthcare industry have been made to cater to the growing need for emergency medical services due to rising cases of accidents and chronic illnesses. In places that may be inaccessible to proper healthcare services, helicopters are needed to accelerate the movement of patients from one place to another in a shorter time period.
To promote the same, governments in different countries are funding to promote the use of the transport for medical purposes. The Department of Health, Northern Ireland had reportedly announced a £1 million funding to boost the region’s air ambulance services. This service has operated throughout the COVID-19 pandemic and experienced a nearly 20% increase in its operations.
Efforts like these will support the demand for helicopters in the coming years. The helicopter market is endowed with many leading companies that are constantly working towards improving their product offerings and meeting the rapidly increasing demands from various industries.
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Regionally speaking, Asia Pacific has emerged as a key consumption belt for helicopters due to the rapid increase in government spending on defense, as well as from the private sector. The changing regulations set by the governments towards the prevailing aviation policies will supplement the demand for helicopters.
Major players in the helicopter market comprise Robinson Helicopter Company, Vietnam Helicopter Corporation, Kawasaki Heavy Industries, Lockheed Martin Corporation, Universal Helicopters, Babcock International Group PLC, Bell Helicopter, Boeing, Md Helicopters, Hindustan Aeronautics Limited (HAL), Mitsubishi Heavy Industries Limited, and Airbus Helicopters SAS.
Major Key Points from Table of Content:
Chapter 6 Helicopter Market, By End-Use
6.1 Key trends, by end-use
6.2 Commercial
6.2.1 Market estimates and forecast, 2016 - 2027
6.2.2 Transport
6.2.2.1 Market estimates and forecast, 2016 - 2027
6.2.3 Medical Services/Search & Rescue
6.2.3.1 Market estimates and forecast, 2016 - 2027
6.2.4 Offshore sector
6.2.4.1 Market estimates and forecast, 2016 - 2027
6.2.5 Others
6.2.5.1 Market estimates and forecast, 2016 - 2027
6.3 Military
6.3.1 Market estimates and forecast, 2016 - 2027
6.3.2 Reconnaissance
6.3.2.1 Market estimates and forecast, 2016 - 2027
6.3.3 Maritime surveillance
6.3.3.1 Market estimates and forecast, 2016 - 2027
6.3.4 Others
6.3.4.1 Market estimates and forecast, 2016 - 2027
Chapter 7 Helicopter Market, By Sales Channel
7.1 Key trends, by sales channel
7.2 OEM
7.2.1 Market estimates and forecast, 2016 - 2027
7.3 MRO
7.3.1 Market estimates and forecast, 2016 - 2027
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