The global helicopter market size was US$ 51.5 billion in 2021. The global helicopter market is forecast to grow to US$ 81.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.1 % during the forecast period from 2022 to 2030.
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Factors Influencing the Market
In-service emergency medical (EMS), firefighting activities, and search and rescue (SAR) will be the primary factors driving the growth of the global helicopter market.
Growing demand for oil and gas rotorcrafts for various types of offshore applications will also contribute to the growth of the global helicopter market. In addition to that, wide applications of helicopters in carrying out legal compliance and for public protection will drive the helicopter market forward.
The rising demand for technological advancements, mainly in the defense sector, will benefit the global helicopter market. In addition, growing investments in the aerospace sector will drive the helicopter market forward. For instance, Honeywell unveiled its latest communication technology Aspire 200 satellite communications system, specifically designed for the Bell B429 helicopter, in 2019.
COVID-19 Impact Analysis
The automotive and travel industries were among the most impacted industries during the COVID-19 pandemic, which also impacted the growth of the global helicopter market. Furthermore, challenges related to the unavailability of raw materials and workforce further hampered the growth of the global helicopter market. The market also experienced a substantial downturn due to a decline in government investments. However, the demand for the military sector remained the same amid the COVID-19 pandemic, which has been beneficial for the global helicopter market.
Regional Analysis
North America and Europe are expected to hold the largest shares in the global helicopter market. The growth of the European market is attributed to the rising range of technological upgrades in the avionics segment. Moreover, The North American helicopter market is forecast to record a significant growth rate due to the growing range of recreational activities in the region. Furthermore, a rising range of air sports activities such as aerobatics, parachuting, and paragliding will bring lucrative growth opportunities for the market. In addition to that, the presence of several prominent industry players, such as Bell Textron, Boeing, Robinson Helicopter Company, Lockheed Martin, MD Helicopters, etc., will drive the helicopter market forward. Further, the contribution of long-term strategic partnerships will benefit the market in the coming years. For instance, MD Helicopters, Inc. and the U.S. Army inked a partnership agreement in 2020 with the aim to provide logistics support for the MD 530F Cayuse Warrior reconnaissance and light attack helicopter fleet for Afghanistan Air Force. Thus, such agreements will be beneficial for the helicopter market during the study period.
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Competitors in the Market
• Russian Helicopters, JSC
• Leonardo SPA
• MD Helicopters, Inc.
• Robinson Helicopter Company
• Kawasaki Heavy Industries, Ltd.
• Airbus SAS
• Hindustan Aeronautics Limited (HAL)
• Lockheed Martin Corporation
• Korea Aerospace Industries, Ltd.
• Bell Helicopter Textron
• Boeing Company
• Other prominent players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Helicopter industry experienced notable growth in its workforce. Starting in January, employment within the Helicopter sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Helicopter output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Helicopter output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Helicopter market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Helicopter market.
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Market Segmentation
The global helicopter market segmentation focuses on Type, Application, and Region.
By Type:
• Light
• Medium
• Heavy
• very large
By Application:
• Civil & Commercial
• Military
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Helicopter Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Helicopter Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Helicopter Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Helicopter Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Helicopter market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Helicopter market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Helicopter business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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