Global Helicopter Market Opportunities and Forecast 2023-2030

Helicopter Market Overview

The global Helicopter market is predicted to grow as these flying machines have cost-effective maintenance which will positively impact the general growth of the market. an easy design and usage of minimum moving parts within the Helicopter as compared with the winged aircraft and planes is one among the prominent advantages for the increasing adoption of Helicopters within the global aircraft market. Moreover, the Helicopter has the simpler operation of the engine which provides better reliability. The helicopter is understood for long operational life and therefore the working time and overhaul (TBO) for this technique as compared with the opposite aircraft engines which have comparatively less TBO. After analyzing the above factors, it shows that the Helicopter has lower maintenance costs than the opposite aircraft engines within the global market which successively will boost the general market growth of helicopters within the global market. The prominent trend for the Helicopter is that the execution of improved blade designs to realize better fuel efficiency and this trend will still contribute to the expansion of the worldwide Helicopter market over the forthcoming years. The stable growth in global gross domestic product, stronger urge of travel demand from the worldwide consumers, and therefore the relatively lower commodity prices like petroleum, lubricants, etc. is anticipated to drive the helicopter market over the forecast period.
 
With the expansion of the aviation industry and therefore the lesser travel times to anywhere on the world, the planet has metaphorically become a smaller place. it's also given growth to the private horizons, expanding exponentially to the places, cultures, people, or experiences as travelers can get right of entry by just booking the flights. The increasing per capita income including the aging fleet is predicted to fuel the demand for the worldwide helicopter market. Moreover, the growing tourism industry is further expected to upsurge the demand for the commercial helicopter market during the forecast period. However, stringent emission norms and high costs related to helicopters can act as challenges for the expansion of the helicopter market. Most of the countries impose a tax on commercial helicopters, thereby hampering the expansion to an extent.
 
Covid-19 Impact on Helicopter Market:

As the COVID-19 pandemic continuing its effect around the world, many defence and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from a 3,000 to 4,000 aircrafts during the pandemic period. On the defence side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constrains affecting the production as in aircraft manufacturing.
 
Helicopter Market Segment Overview

Based on type, the worldwide helicopter market is split into civil & commercial, and military. By application, the market is assessed into emergency medical service (EMS), corporate services, search and rescue operations, oil and gas, defense, and Homeland Security. supported system analysis, the market is segregated into the airframe, engine, avionics, landing gear system, and cabin interiors. Geographically, the market is separated into North America, Europe, Asia Pacific, and therefore the Middle East & Africa.

The worldwide market is categorized into OEM and aftermarket. Between the two, OEM is estimated to carry the majority helicopter market share within the upcoming years. this is often owing to the high demand for advanced technological military and commercial helicopters within the Asian region, specifically in nations like China and India.

Market Analysis, Insights and Forecast – By Helicopter Type
·       Light Helicopter (< 4.5 T)
·       Medium Helicopter (4.5 to 8.5 T)
·       Heavy Helicopter (> 8.5 T)

Market Analysis, Insights and Forecast – By Sales Channel
·       OEM
·       MRO (Maintenance, Repair and Operation)

Market Analysis, Insights and Forecast – By Application
·       Military
·       Civil & Commercial
 
Helicopter Market Regional Overview

Region-wise, in terms of regions, North America, at the present, has the highest market share within the military rotorcraft market. US has the most important number of military rotorcrafts within the world, and it is constantly procuring new military rotorcraft per annum in huge quantities. Furthermore, through Foreign Military Sales (FMS), the US sells its military rotorcraft on an outsized scale to countries across the world. However, during the forecast period, the revenues from Asia-Pacific are expected to extend with a better rate of growth than North America. The revenues from Asia-Pacific are driven by the high demand from the countries within the region.

Helicopter Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Helicopter Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Helicopter are highlighted below.
 
·       In June 2020, Lockheed Martin Corporation signed an agreement worth USD 375 million with the Indian Navy. The contract stated that the customization of the warfare anti-submarine aircraft 24 Sikorsky MH-60R is going to be done by the involved company.

Helicopter Market, Key Players

·       Airbus Helicopter Inc. (Airbus Group)
·       Lockheed Martin Corporation (Sikorsky)
·       Leonardo S.p.A.
·       Bell Helicopter Textron Inc.
·       MD Helicopters Inc.
·       Russian Helicopters, JSC
·       Robinson Helicopter Company
·       Kawasaki Heavy industries, Ltd.
·       Columbia Helicopters
·       Boeing Rotorcraft Systems
·       Jiangxi Changhe Aviation Industry Co., Ltd.