Helicopter Market Size By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]), Industry Analysis Report, Regional Outl
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Helicopter Market Size By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]), Industry Analysis Report, Regional Outl
Helicopter Market Size By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]), Industry Analysis Report, Regional Outl
Helicopter Market Size
Helicopter Market size exceeded USD 29 billion in 2020 and is expected to grow at 4% CAGR between 2021 and 2027. The rising military spending across the globe is driving the industry growth.
Helicopter is a type of aircraft that is installed with horizontally spinning rotors that supply thrust and lift to it. This allow helicopter to land vertically, take-off, hover, to fly forward, backward and laterally.
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The growing application of helicopters in commercial and military activities coupled with the ability of the aircraft to operate in the harsh environment is propelling the market demand. Factors, such as cabin size, range, performance technology upgrades, and brand experience, are significantly contributing to the adoption of new helicopters.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Helicopter Market Size in 2020 | 29 Billion (USD) |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 4% |
| 2027 Value Projection | 39 Billion (USD) |
| Historical Data for | 2016 to 2020 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 553 |
| Segments covered | End-Use, Component, Sales Channel |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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The increasing demand for helicopters for emergency medical services will provide growth opportunities through 2027. Helicopters have the ability to reach at high altitude locations faster than ground vehicles. At times, helicopters are the preferred mode of transport to reach inhospitable terrain in a limited timeframe. Patients receive early medical treatment and their chance of survival in critical cases surges significantly.
The factors hindering the industry growth include high operational and R&D costs associated with helicopters. These helicopters are operational for a long time in the air, increasing the overall maintenance cost owing to frequent wear and tear of vital components including tail rotor systems and engines. Additionally, end-users have to bear a heavy insurance cost and tax while purchasing a new helicopter, affecting the market representation of helicopters.
The aerospace & defense industry has been significantly impacted due to the prevailing situations of COVID-19. The manufacturing plants for various manufacturers have been shut down on account of the implementation of strict pandemic norms. The helicopter market globally has been adversely impacted during the escalating spread of the COVID-19 pandemic. Industry challenges, such as scarcity of labor and raw materials, led to numerous difficulties in the development of new helicopters, creating a vast gap in demand and supply. However, with the leniency on lockdown restrictions imposed by various governments, the market will witness significant growth by 2021.
Helicopter Market Analysis
The commercial end use segment is estimated to witness an upward trend during 2021 to 2027 driven by the increasing adoption of commercial helicopters in tourism, offshore, and transportation helicopter services. In 2020, around 550 commercial helicopters were sold in the U.S. 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.
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The Europe avionics segment accounted for around 20% of the helicopter market share in 2020. The growing market trend of technologically upgrading the existing system is augmenting the demand for the avionics segment. These systems allow to function within recognized safety parameters and to track and report performance measures.
Key players operating in the helicopter industry are upgrading their systems with advanced avionics components. For instance, in March 2019, Honeywell introduced a new communication technology Aspire 200 satellite communications system for Bell B429 helicopter.
The Europe OEM segment held more than 75% of the helicopter market share in 2020 propelled by the increasing adoption in commercial and military sectors. OEMs including Airbus Helicopters SAS, Bell Helicopter, Boeing, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, and Leonardo S.p.A. are the major manufacturers catering to the changing demand.
Leading manufacturers majorly focus on introducing products to enhance their product line and comply with the changing end-user requirements. For instance, in August 2020, Airbus Helicopters SAS introduced a new Lakota helicopter fleet to the U.S. Army and National Guard. The company launched UH-72B Lakota. The acceptance of helicopters in the military sector will spur the market revenue during the forecast timeline.
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The North America helicopter market valued at around USD 10 billion in 2020 Impelled by rapidly increasing recreational activities in the region. Increasing air sports activities such as aerobatics, parachuting, and paragliding are generating lucrative growth opportunities.
The presence of various prominent players, such as Bell Textron, Boeing, Lockheed Martin, MD Helicopters, and Robinson Helicopter Company, in the region is anticipated to enhance the market share. These players focus majorly on building new long-term strategic partnerships to new business avenues and enhance their revenues. For instance, in December 2020, MD Helicopters, Inc. and the U.S. Army signed an agreement to provide logistics support for the MD 530F Cayuse Warrior reconnaissance and light attack helicopter fleet for Afghanistan Air Force. The agreement is worth USD 34 million, contributing positively to the accelerating market revenues.
Helicopter Market Share
Manufacturers in the helicopter industry are focused primarily on adopting strategies, such as product portfolio expansion and strategic partnerships, to enhance their market share. For instance, in December 2019, OCCAR (Organization for Joint Armament Co-operation) and Airbus Helicopters signed a tri-lateral global support contract to provide Tiger helicopters for the German, French, and Spanish Army. The contract includes critical matters such as continuous improvement & obsolescence treatment and secured repair & spares capabilities for the fleet.
The prominent players in the helicopter market include
- Babcock International Group PLC
- Airbus Helicopters SAS
- Bell Helicopter
- Robinson Helicopter Company
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries, Ltd.
- Boeing
- MD Helicopters
- Universal Helicopters
- Vietnam Helicopter Corporation
- Lockheed Martin Corporation.
This market research report on helicopter includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2021 to 2027 for the following segments
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Market, By End-Use
-
Commercial
- Transport
- Medical Services/Search & Rescue
- Offshore Sector
- Others
- Military
- Reconnaissance
- Maritime Surveillance
- Others
Market, By Component
-
Aerostructures/Airframe
- Rotary System
- Engine
- Undercarriage
- Avionics
- Cabin Interiors
- Environmental Control Systems
- Others
Market, By Sales Channel
-
OEM
- Maintenance, Repair and Overhaul (MRO)
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- MEA
- Saudi Arabia
- Qatar
- UAE
- South Africa
- Israel
- Turkey
- Latin America
- Mexico
- Brazil
- Argentina
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.1.1 Definition
1.2 Methodology and forecast parameters
1.3 Data Sources
1.3.1 Secondary
1.3.2 Primary
Chapter 2 Executive Summary
2.1 Global helicopters industry 3600 synopsis, 2016 - 2027
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 End-use trends
2.6 Sales channel trends
Chapter 3 Helicopter Industry Insights
3.1 Introduction
3.2 Industry segmentation
3.3 Impact analysis of COVID-19 pandemic
3.3.1 Global outlook
3.3.2 Regional impact
3.3.2.1 North America
3.3.2.2 Europe
3.3.2.3 Asia Pacific
3.3.2.4 Latin America
3.3.2.5 MEA
3.3.3 Impact on industry value chain
3.3.3.1 Manufacturing
3.3.3.2 Research & development
3.3.3.3 Supply
3.3.3.4 Marketing
3.3.4 Competitive landscape
3.3.4.1 Strategy
3.3.4.2 Distribution network
3.3.4.3 Business growth
3.4 Market Evolution
3.5 Industry ecosystem analysis
3.6 Technology & innovation landscape
3.6.1 Hybrid electric propulsion
3.6.2 Autonomous flight technology
3.6.3 Electronic flight Instrument (EFI)
3.7 Regulatory landscape
3.7.1 North America
3.7.1.1 ISO 90012015 with Design
3.7.1.2 Federal Aviation Administration (FAA), Department of Transportation
3.7.1.3 Title 14, Code of Federal Regulations (14 CFR)
3.7.1.3.1 Section 25.571-Damage-tolerance and fatigue evaluation of structure
3.7.1.3.2 Section 25.903-Engines
3.7.1.3.3 Section 25.905-Propellers
3.7.1.3.4 Section 27.653 Pressure venting and drainage of rotor blades
3.7.1.3.5 Section 27.659 Mass balance
3.7.1.3.6 Section 27.661 Rotor blade clearance
3.7.2 Europe
3.7.2.1 European Union Aviation Safety Agency (EASA)
3.7.2.2 CS-27 - Easy Access Rules for Small Rotorcraft
3.7.2.2.1 CS-27.33 – Main rotor speed and pitch limits
3.7.2.2.2 CS 27.653 Pressure venting and drainage of rotor blades
3.7.2.2.3 CS 27.659 Mass balance
3.7.2.2.4 CS 27.661 Rotor blade clearance
3.7.2.2.5 CS 29.691 Autorotation control mechanism
3.7.2.2.6 CS 27.723 Shock absorption tests
3.7.3 Asia Pacific
3.7.3.1 Director General of Civil Aviation
3.7.4 Latin America
3.7.5 MEA
3.7.5.1 General Civil Aviation Authority (GCAA)
3.7.5.2 CAR OPS 3 Sub Part M Helicopter Maintenance
3.7.5.3 CAR Part VIII Sub Part 8 Search & Rescue Service Regulations
3.7.5.3.1 General Requirements
3.7.5.4 CAR–OPS 3 Operational regulations (Commercial & Private Air Transportation)
3.7.5.4.1 Operating requirements
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Growing demand for helicopter fleet upgradation across the globe
3.8.1.2 Rising penetration of helicopters for Emergency Medical Services (EMS) in North America and Europe
3.8.1.3 Increasing government initiatives to enhance indigenous manufacturing capabilities in Asia Pacific
3.8.1.4 Steadily increasing military sector spending in Asia Pacific and Latin America
3.8.1.5 Supportive government regulations for defense sector
3.8.1.6 Proliferation of helicopters in commercial aviation across MEA
3.8.2 Industry Pitfalls
3.8.2.1 High operational cost of helicopter
3.8.2.2 Limited short-range transportation
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Internal rivalry
3.11 PESTEL Analysis
Chapter 4 Competitive Landscape
4.1 Introduction
4.2 Company market share analysis, 2020
4.3 Competitive analysis of major market players
4.3.1 Lockheed Martin Corporation
4.3.2 Airbus S.A.S.
4.3.3 The Boeing Company
4.3.4 Hindustan Aeronautics Limited (HAL)
4.3.5 Bell Helicopter (Bell Textron Inc.)
4.4 Competitive analysis of other prominent market players
4.4.1 Robinson Helicopter Company
4.4.2 Leonardo S.p.A.
4.4.3 Mitsubishi Heavy Industries, Ltd.
4.4.4 Lilium
4.4.5 Kawasaki Heavy Industries, Ltd.
Chapter 5 Helicopter Market, By Component
5.1 Key trends, by component
5.2 Aerostructures/Airframe
5.2.1 Market estimates and forecast, 2016 - 2027
5.3 Rotary system
5.3.1 Market estimates and forecast, 2016 - 2027
5.4 Engine
5.4.1 Market estimates and forecast, 2016 - 2027
5.5 Undercarriage
5.5.1 Market estimates and forecast, 2016 - 2027
5.6 Avionics
5.6.1 Market estimates and forecast, 2016 - 2027
5.7 Cabin interiors
5.7.1 Market estimates and forecast, 2016 - 2027
5.8 Environmental control systems
5.8.1 Market estimates and forecast, 2016 - 2027
5.9 Others
5.9.1 Market estimates and forecast, 2016 - 2027
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
Chapter 8 Helicopter Market, By Region
8.1 Key trends, by region
8.2 North America
8.2.1 Market estimates and forecast, by component, 2016 - 2027
8.2.2 Market estimates and forecast, by end-use, 2016 - 2027
8.2.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.2.4 U.S.
8.2.4.1 Market estimates and forecast, by component, 2016 - 2027
8.2.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.2.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.2.5 Canada
8.2.5.1 Market estimates and forecast, by component, 2016 - 2027
8.2.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.2.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3 Europe
8.3.1 Market estimates and forecast, by component, 2016 - 2027
8.3.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.4 UK
8.3.4.1 Market estimates and forecast, by component, 2016 - 2027
8.3.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.5 Germany
8.3.5.1 Market estimates and forecast, by component, 2016 - 2027
8.3.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.6 France
8.3.6.1 Market estimates and forecast, by component, 2016 - 2027
8.3.6.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.6.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.7 Russia
8.3.7.1 Market estimates and forecast, by component, 2016 - 2027
8.3.7.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.7.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.8 Italy
8.3.8.1 Market estimates and forecast, by component, 2016 - 2027
8.3.8.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.8.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.9 Spain
8.3.9.1 Market estimates and forecast, by component, 2016 - 2027
8.3.9.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.9.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.3.10 Poland
8.3.10.1 Market estimates and forecast, by component, 2016 - 2027
8.3.10.2 Market estimates and forecast, by end-use, 2016 - 2027
8.3.10.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4 Asia Pacific
8.4.1 Market estimates and forecast, by component, 2016 - 2027
8.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.4 China
8.4.4.1 Market estimates and forecast, by component, 2016 - 2027
8.4.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.5 India
8.4.5.1 Market estimates and forecast, by component, 2016 - 2027
8.4.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.6 Japan
8.4.6.1 Market estimates and forecast, by component, 2016 - 2027
8.4.6.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.6.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.7 South Korea
8.4.7.1 Market estimates and forecast, by component, 2016 - 2027
8.4.7.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.7.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.8 Australia
8.4.8.1 Market estimates and forecast, by component, 2016 - 2027
8.4.8.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.8.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.4.9 Singapore
8.4.9.1 Market estimates and forecast, by component, 2016 - 2027
8.4.9.2 Market estimates and forecast, by end-use, 2016 - 2027
8.4.9.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5 MEA
8.5.1 Market estimates and forecast, by component, 2016 - 2027
8.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.4 Saudi Arabia
8.5.4.1 Market estimates and forecast, by component, 2016 - 2027
8.5.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.5 Qatar
8.5.5.1 Market estimates and forecast, by component, 2016 - 2027
8.5.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.6 UAE
8.5.6.1 Market estimates and forecast, by component, 2016 - 2027
8.5.6.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.6.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.7 South Africa
8.5.7.1 Market estimates and forecast, by component, 2016 - 2027
8.5.7.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.7.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.8 Israel
8.5.8.1 Market estimates and forecast, by component, 2016 - 2027
8.5.8.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.8.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.5.9 Turkey
8.5.9.1 Market estimates and forecast, by component, 2016 - 2027
8.5.9.2 Market estimates and forecast, by end-use, 2016 - 2027
8.5.9.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.6 Latin America
8.6.1 Market estimates and forecast, by component, 2016 - 2027
8.6.2 Market estimates and forecast, by end-use, 2016 - 2027
8.6.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.6.4 Mexico
8.6.4.1 Market estimates and forecast, by component, 2016 - 2027
8.6.4.2 Market estimates and forecast, by end-use, 2016 - 2027
8.6.4.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.6.5 Brazil
8.6.5.1 Market estimates and forecast, by component, 2016 - 2027
8.6.5.2 Market estimates and forecast, by end-use, 2016 - 2027
8.6.5.3 Market estimates and forecast, by sales channel, 2016 - 2027
8.6.6 Argentina
8.6.6.1 Market estimates and forecast, by component, 2016 - 2027
8.6.6.2 Market estimates and forecast, by end-use, 2016 - 2027
8.6.6.3 Market estimates and forecast, by sales channel, 2016 - 2027
Chapter 9 Company Profiles
9.1 Airbus S.A.S.
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Babcock International Group PLC.
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Bell Textron Inc.
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 The Boeing Company
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Hindustan Aeronautics Limited (HAL)
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Kawasaki Heavy Industries, Ltd.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Leonardo S.p.A.
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Lilium GmbH
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 SWOT Analysis
9.9 Lockheed Martin Corporation
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Md Helicopters, Inc.
9.10.1 Business O