Pune, India, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The global helicopter market size was valued at USD 56.87 billion in 2022 and is projected to grow from USD 58.87 billion in 2023 to USD 76.16 billion by 2030, exhibiting a CAGR of 3.7% during the forecast period. A helicopter is a type of vertical take-off and landing (VTOL) aircraft that uses one or more horizontal rotors to generate lift and propulsion. They have a wide range of applications such as ambulance services, and search, and rescue operations. Increasing demand from defense and commercial segments is anticipated to fuel market development. Fortune Business Insights™ shares this information in its report titled “Helicopter Market, 2023-2030.”
The helicopter market encompasses the manufacturing, sales, and maintenance of rotorcraft used for various purposes. It includes civil and military helicopters, as well as related services such as maintenance, repair, and overhaul (MRO).
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List of Key Players Profiled in the Helicopter Market Report:
- Airbus S.A.S (Netherlands)
- Textron Inc. (U.S.)
- Leonardo S.p.A. (Italy)
- Lockheed Martin Corporation (U.S.)
- The Boeing Company (U.S.)
- Rostec (Russia)
- The Robinson Helicopter Company (U.S.)
- Kawasaki Heavy Industries Ltd. (Japan)
- Hindustan Aeronautics Limited. (India)
- Kaman Corporation (U.S.)
Report Scope and Segmentation-
| Report Coverage | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 3.7% |
| 2030 Value Projection | USD 76.16 billion |
| Market Size in 2023 | USD 58.87 Billion |
| Historical Data | 2019- 2021 |
| No. of Pages | 180 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Helicopter Market Growth Drivers | Growing Demand for Air Ambulance Services is Expected to Propel the Market Progress |
| Rising Demand from Military and Defense is Expected to Drive the Market Growth |
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Helicopter Market Trends:
Electric and Hybrid Helicopters
There is a growing trend toward the development of electric and hybrid-electric helicopters to reduce emissions and operating costs. Several manufacturers are investing in research and development to bring eco-friendly rotorcraft to the market.
Autonomous and Unmanned Helicopters
Advancements in autonomous and unmanned helicopter technology are opening up new possibilities for applications such as cargo delivery, surveillance, and reconnaissance.
Digitalization and Connectivity
Integration of advanced digital systems and connectivity solutions is enhancing operational efficiency, safety, and maintenance in the helicopter industry.
Segments:
Civil & Commercial Segment to be Prime Part due to Rising Demand for Emergency Services
According to type, the market is bifurcated into civil & commercial and military. The civil & commercial segment holds the largest share in the segment due to rising demand for emergency services and air transportation. The military segment is estimated to have moderate growth with use in disaster relief and humanitarian missions.
Light to Lead Due to Demand for Civil and Commercial Helicopters
According to weight, the market is divided into light, medium, and heavy. Light segment dominated in 2022 due to growing demand for civil and commercial helicopters in sightseeing, aerial photography, and transportation of small groups and cargo.
EMS to Lead Due to Increasing Applications in Healthcare
Based on application, the market is divided into Emergency Medical Service (EMS), corporate service search and rescue operation, oil & gas, defense, homeland security, and others. The Emergency Medical Service (EMS) segment is set to dominate due to increasing applications in healthcare. The search and rescue operation segment has the second largest share owing to its applications in disaster management, aerial firefighting activities, and others.
Pre-Owned to Lead the Segment Due to Various Benefits
Based on point of sale, the market is divided into new and pre-owned. Pre-owned segment is set to dominate due to cost-effectiveness of pre-owned and increased backlog deliveries by OEMs.
In terms of geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Opportunities and Future Outlook:
- The helicopter market offers several opportunities, including:
- Expansion of urban air mobility services.
- Growth in demand for unmanned and autonomous helicopters.
- Increased focus on sustainability and eco-friendly rotorcraft.
- Emerging markets in Asia-Pacific and Latin America.
Market Dynamics:
Market Drivers:
Increasing Demand for Urban Air Mobility: The concept of urban air mobility (UAM) is gaining traction, driving the demand for helicopters for intra-city transportation.
Military Modernization Programs: Many countries are investing in the modernization of their military fleets, leading to increased procurement of military helicopters.
Rising Tourism: The tourism industry's growth, especially in scenic and remote areas, has spurred the demand for helicopters for sightseeing and transport.
Market Restraints:
High Acquisition and Operating Costs: Helicopters are expensive to acquire and maintain, which can be a significant barrier for potential buyers.
Environmental Concerns: The environmental impact of helicopters, including noise pollution and emissions, has raised concerns and regulatory challenges.
Safety Concerns: Safety remains a critical issue in the helicopter industry, impacting its adoption in some segments.
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Detailed Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Value Chain/Supply Chain Analysis
- Qualitative Insights - Impact of Russia-Ukraine War & the COVID-19 Pandemic on the Global Helicopter Market
- Impact of the COVID-19 Pandemic on the Global Helicopter Market
- Impact of Russia-Ukraine War on the Global Helicopter Market
- Global Helicopter Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Definition
- Market Analysis, Insights and Forecast – By Type
- Civil & Commercial
- Military
- Market Analysis, Insights and Forecast – By Weight
- Light
- Medium
- Heavy
- Market Analysis, Insights and Forecast – By Application
- Emergency Medical Services (EMS)
- Corporate Services
- Search and Rescue Operations
- Oil & Gas
- Defense
- Homeland Security
- Others
- Market Analysis, Insights and Forecast – By Point of Sale
- New
- Pre-Owned
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
TOC Continued...!
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Competitive Landscape
New Product Launches by the Key Market Players to Boost Market Progress
The market has key players such as Airbus S.A.S, Textron Inc., Leonardo S.p.A., Lockheed Martin Corporation, The Boeing Company, and others. The key players have been adopting strategies such as mergers, acquisitions, product launches, collaborations, and partnerships. In December 2022, Airbus SAS launched DisruptiveLab for the improvement of rotorcraft performance. DisruptiveLab is a flying laboratory that is designed to test technologies that can enhance the performance of aircraft and reduce CO2 emissions.
Key Industry Development:
- February 2023: Hindustan Aeronautics Limited (HAL) unveiled a new manufacturing unit in Karnataka, India. HAL intends to manufacture more than 1,000 rotary-wing aircraft, with different load capacities and generate revenue of over USD 4 billion over the next two decades.
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