Pune, May 19, 2020 (GLOBE NEWSWIRE) -- The global helicopter market is set to gain traction from the rising adoption of ultra-light multi-mode radar flight vision systems (EFVS), electronic flight instruments (EFI), electro-optical and infrared systems (EOIR), autonomous flight, and hybrid-electric propulsion technologies. This information is given by Fortune Business Insights™ in a published report, titled, “Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026.” The report further states that the helicopter market size stood at USD 48.19 billion in 2018 and is projected to reach USD 68.36 billion by 2026, thereby exhibiting a CAGR of 4.47% during the forecast period.
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This Report Answers the Following Questions:
- Which companies are set to top the charts in terms of revenue?
- How are the key helicopter manufacturers intensifying competition in the market?
- Which segment is set to lead the market in terms of share?
- What are the market trends, challenges, opportunities, growth drivers, and barriers?
Drivers & Restraints-
Increasing Demand for Air Ambulance Services to Propel Growth
In the developing countries, such as China and India, the governments are taking several initiatives to enhance the available medical facilities. Private hospitals are also surging the expenditure on infrastructure development. It is set to increase the demand for emergency medical service (EMS) helicopters. Coupled with this, the increasing number of smart city projects would also bolster the helicopter market growth. EMS helicopters are preferred more to operate as air ambulances, as compared to the conventional mode of road transport. It is because they can take the emergency response team at any remote part of the world very quickly. Air ambulance services also provide safe transportation of patients in critical conditions to the hospitals.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
Regional Analysis-
Investment in High Quality Helicopters to Favor Growth in North America
Geographically, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. North America procured USD 18.64 billion revenue in 2018 stoked by the presence of reputed manufacturers, such as Lockheed Martin Corporation, Boeing, and Bell Helicopter Textron Inc. in this region. Additionally, the increasing expenditure by the governments of various countries in this region on military helicopters, coupled with the high demand for EMS would augment growth. In the U.S., the government is investing hefty amounts of money to refine the effectiveness and quality of helicopters and their components.
Asia Pacific, on the other hand, is set to grow at a fast pace on account of the rising investment by the Indian government in the development of defense. It is, in turn, surging the demand for military helicopters. In China, the government is upgrading the country’s military equipment and it is set to be complete in the next five years. Also, many prominent companies are investing to conduct simulator training facilities in this country. It would contribute to the growth of market in this region.
Competitive Landscape-
Key Companies Aim to Gain Competitive Edge through New Acquisitions
The market consists of a large number of manufacturers that are mainly focusing on introducing new product lines and acquiring other companies and services to cater to the rising demand from their consumers. Below are a couple of the key industry developments:
- December 2019: AirMed International announced its plans to expand its services by acquiring Lifeguard Flying ICU in Las Vegas and AMR Air in Denver. These medical transport services are a part of Global Medical Response. This new addition would help the company in meeting the requirements of transportation.
- August 2019: AirLife North Carolina inaugurated its new base in Lumberton to provide services to the surrounding community. It will ensure that the masses residing in the area get access to air medical services. This new location would also enable quicker response time for trauma and emergency situations.
Fortune Business Insights™ lists out the names of all the helicopter market manufacturers as follows:
- Russian Helicopters, JSC
- Airbus SAS
- Leonardo SPA
- Bell Helicopter Textron
- Lockheed Martin Corporation
- Kawasaki Heavy Industries, Ltd.
- Boeing Company
- Robinson Helicopter Company
- Hindustan Aeronautics Limited (HAL)
- MD Helicopters, Inc.
- Korea Aerospace Industries, Ltd.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Technological Trends
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Value Chain Analysis/Supply China Analysis
- Country-wise Helicopter Fleet Data (2010-2018)
- Global Helicopter Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Civil & Commercial
- Military
- Market Analysis, Insights and Forecast – By Application
- Emergency Medical Services (EMS)
- Corporate Services
- Search & Rescue Operation
- Oil and Gas
- Defense
- Homeland Security
- Others (Tourism, Agriculture, Training)
- Market Analysis, Insights and Forecast – By System
- Airframe
- Engine
- Avionics
- Landing Gear System
- Cabin Interiors
- Market Analysis, Insights and Forecast – By Weight
- Light Weight
- Medium Weight
- Heavy Weight
- Market Analysis, Insights and Forecast – By Point of Sale
- OEM
- Aftermarket
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia-Pacific
- Rest of the world
TOC Continued…!
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