Global Helicopter Market Size By Type (Light, Medium, Heavy), By Application (Oil and Gas, Transport, Medical Services, Law Enforcement), By Geographic Scope And Forecast
Global Helicopter Market Size By Type (Light, Medium, Heavy), By Application (Oil and Gas, Transport, Medical Services, Law Enforcement), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Helicopter Market size was valued at USD 6165.71 Million in 2021 and is projected to reach USD 10067.27 Million by 2030, growing at a CAGR of 5.70% from 2023 to 2030.
The major factors that drive the growth of the global Helicopter Market are the increase in demand for military Helicopter usage, medical and emergency rescue services, and also offshore Helicopter services. The Global Helicopter Market report offers a holistic evaluation of the market. The report provides a comprehensive analysis of key segments, drivers, restraints, trends, competitive landscape, and factors that are playing a crucial role in the market.
Global Helicopter Market Definition
A Helicopter is also termed as a chopper in the global market and is a type of rotorcraft in which thrust and lift are supplied by the rotors. This allows the Helicopter to take off and land vertically, to hover, and to fly forward, backward, and laterally. These attributes allow Helicopters to be used in congested areas where fixed-wing aircraft and many forms of Vertical Take Off and Landing (VTOL) aircraft cannot be performed.
A Helicopter aircraft which uses the rotating or spinning motion of its wings called blades for take-off and fly. The rotating blades, or rotors, allows the Helicopters to perform tasks that airplanes cannot.
Global Helicopter Market Overview
We've seen a big jump in how often helicopters are used for getting around, sightseeing, and moving VIPs – and that's really changed what people want from helicopters these days. Helicopters are super useful in emergencies, too. They're incredibly flexible, especially in tight spots, and can get to almost any disaster area, skipping all the traffic and even navigating around things like earthquakes and floods. Plus, these days you'll find Helicopters with comfy passenger seats, great soundproofing, and air conditioning. Manufacturers are even working on making them look nicer inside, with things like carpeted interiors and glossy finishes for commercial Helicopters. Speaking of which, you can use them in tourism, for ferrying people in the oil & gas industry, or as a fancy VIP or corporate shuttle.
The major factors that drive the growth of the global Helicopter Market are the increase in demand for military Helicopter usage, medical and emergency rescue services, and also offshore Helicopter services. In addition, growth in the tourism industry is further expected to increase the demand for the commercial Helicopter Market during the forecast period. Furthermore, the replacement of aging commercial Helicopters is expected to support the growth of the market. Therefore, high fare limits the market growth.
Defense budgets of developed countries have gradually declined due to budget sequestration in the defense sector. The US Department of Defence proposed a reduction in Defence funding. A few developed countries are expected to undertake further reductions to help optimize their defense budgets.
Global Helicopter MarketSegmentation Analysis
The Global Helicopter Market is segmented based on Type, Application, and Geography.
Helicopter Market, By Type
• Light• Medium• Heavy• Very Large
Based on the Type, the market is bifurcated into Light, Medium, Heavy, and Very Lage. The light segment held more market. The demand for such rotorcraft in commercial aerial for photography and videography, as well as event logistics, such as transport of equipment and personnel, is expected to drive the growth. Moreover, the growing leisure tourism industry is expected to upsurge the demand for light commercial Helicopters over the forecast period.
Mission versatility, cost efficiency, and reduced maintenance cycle are expected to drive the adoption of medium commercial Helicopters. Medium-sized Helicopters are often used as a transportation option to reach remote areas and hence play a crucial role by supporting lifesaving missions, such as SAR operations and medical emergencies.
Helicopter Market, By Application
• Oil & Gas• Transport• Medical Services• Law Enforcement & Public Safety• Others
When we look at how helicopters are used, or their Application, the market kind of splits into a few main areasthings like Oil and Gas, keeping Transport moving, helping out with Medical Services, supporting Law Enforcement and Public Safety, and, well, others. The whole oil and gas scene is really booming, with more and more projects digging deep to find those hydrocarbon deposits. All this activity is expected to really boost the need for helicopters, especially for those tricky remote and offshore oil and gas jobs. With more and more of those deep-water oil extraction projects popping up way offshore, we expect that to be a big reason why helicopters will be in demand. After all, you often need dedicated helicopters to ferry people and equipment back and forth to shore!
Helicopter Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
When we look at where helicopters are selling around the globe, we can break it down by geographyNorth America, Europe, Asia Pacific, and the Rest of the world. Right now, Europe is the biggest market, and they're likely to stay that way for a while. A big reason for this is the Clean Sky initiative there. It's a joint effort between the EC and European aviation companies to create greener, quieter helicopters. Meanwhile, North America also holds a significant chunk of the global market, and experts think it's going to grow quite a bit. A major reason for that growth is the need to replace older Helicopters, especially in the U.S.
Asia Pacific is expected to witness the fastest CAGR over the forecast period. 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. The sale of rotorcraft in the Middle East and Africa is expected to witness steady growth due to the stable economic growth of the oil and gas industry in the Middle Eastern countries.
Key Players
Want to know what's happening in the "Global Helicopter Market?" Our study gives you the inside scoop, focusing on the global scene. We're talking big names like Airbus Helicopters SAS (France), Bell Helicopters (US), The Boeing Company (US), Leonardo S.p.A. (Italy), Sirkorsky-Lockheed Martin (US), Russian Helicopters (Russia), and Kawasaki Heavy Industries (Japan), Bell Helicopter-Textron, Leonardo S.P.A and Lockheed Martin Corporation, among others. We've even got a whole section just for these major players, where our analysts dig into their financial statements, compare their products, and break down their strengths, weaknesses, opportunities, and threats (SWOT). Plus, we look at their key strategies, market share, and how they rank against each other worldwide in the competitive landscape section.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Airbus Helicopters SAS (France), Bell Helicopters (US), The Boeing Company (US), Leonardo S.p.A. (Italy), Sirkorsky-Lockheed Martin (US), Russian Helicopters (Russia), and Kawasaki Heavy Industries (Japan).
SEGMENTS COVERED
By Type
By Application
By Geography
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We'll dive deep into the market, looking at both the numbers (quantitative) and the more nuanced stuff (qualitative), using segmentation based on economics and other factors. You'll get market value data (in USD Billion) for every segment and sub-segment. We'll also pinpoint which regions and segments are likely to grow the fastest and lead the pack. Expect a geographical breakdown analyzing product/service consumption and the factors influencing each region's market. We'll cover the competitive scene, including market rankings of the big players, their new offerings, partnerships, expansions, and acquisitions over the last five years. You'll find detailed company profiles with overviews, insights, product comparisons, and SWOT analyses for key players. We'll give you our take on the current and future market outlook, considering recent developments, growth opportunities, and the challenges and limitations in both emerging and developed regions. Plus, we'll provide an in-depth look at the market from multiple angles using Porter's five forces analysis and explore the market's Value Chain. Finally, we'll outline market dynamics and upcoming growth opportunities, and you'll get 6 months of post-sales support from our analysts.
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