To get more information on Helicopters Market - Request Free Sample Report
The Helicopters Market Size was valued at USD 28.030 billion in 2023 and is expected to reach USD 72.817 billion by 2031 with a growing CAGR of 12.02% over the forecast period 2024-2031.
The helicopter is also called the chopper in the world market and is a type of rotor-craft where thrust and lift are provided by rotors. This allows the helicopter to take off and land directly, to fly forward, to retreat, and to take off. These features allow helicopters to be used in crowded or adjoining areas where fixed-wing aircraft and more Vertical Take Off and Landing (VTOL) aircraft can be manufactured. A major factor contributing to the growth of the helicopter market is the increased demand for helicopter services, medical and emergency services, and helicopter services. In addition, growth in the tourism industry is expected to increase the demand for helicopter market during the forecast period. In addition, replacement of worn-out helicopters is expected to support market growth. However, higher travel costs limit market growth.
MARKET DYNAMICS
KEY DRIVERS
There is an increasing demand for emergency medical service helicopters.
Depending on the helicopter type and application, a helicopter engine weighs about 10-15% of the total operating weight.
RESTRAINTS
OPPORTUNITIES
Commercialization of urban air mobility and electric vertical takeoff and landing can serve as an alternative to helicopters.
This is expected to provide opportunities for helicopter market players who have the design and manufacturing capabilities to integrate electric-hybrid propulsion as well as autonomous flight capabilities in their helicopters in order to increase their market share.
CHALLENGES
Strict regulations govern the manufacture of helicopter components.
Before they can be assembled in a helicopter, all components must go through a one-time inspection.
THE IMPACT OF COVID-19
The rapid spread of the novel COVID-19 in markets such as Europe, the United States, and Asia Pacific has resulted in a significant drop in global demand for helicopters. Due to factors such as late delivery and manufacturing shutdown, there has also been a corresponding reduction in the revenue quantum for various helicopter suppliers, followed by service providers across all market locations. Furthermore, the availability of limited staff at manufacturing facilities, as well as limited availability of equipment, is impeding market growth.
Civil, commercial, and military helicopters have seen significant growth in recent years. The increased demand for light helicopters for civil and commercial applications such as transport and offshore is one of the major factors driving this growth. Military helicopter procurement by military around the world, particularly demand for attack helicopters from emerging economies, has increased the order book of military helicopters. This demand, which has resulted in an increase in helicopter deliveries, is expected to propel the OEM market during the forecast period. Because of the increase in offshore activities and demand from offshore rigs, civil and commercial offshore helicopters are expected to have the highest CAGR. The number of global offshore rigs has steadily increased in recent years and is expected to rise further during the forecast period. Demand for offshore helicopters is expected to rise as offshore activities expand. With the growth of the aviation industry and relatively short travel times to any part of the world, the world has become a relatively small area. It also provided a boost to the personal atmosphere, a significant expansion of places, cultures, people, or a sense of humor as travelers could gain access by simply booking flights. Individual rising incomes associated with aging vessels are expected to further the market demand for helicopters. In addition, the growing tourism industry is expected to increase the demand for the helicopter market during the forecast period. However, tight ventilation systems and the high costs associated with helicopters can serve as challenges to the growth of the helicopter market market. Most countries pay taxes on commercial helicopters, thus hampering growth at some point. Helicopters produce noise levels up to 110 decibels slightly lower than the sound produced by a large chainsaw. The pressure on manufacturers of helicopters to design environmentally friendly helicopters is likely to increase in the near future due to the increase in the number of helicopters entering the service.
Developing countries such as Brazil, India and China are facing increasing demand for commercial helicopters due to the growth of the tourism industry. In addition, manufacturers expect that attractive financial systems will boost market share, as consumers find favorable targets for buying new helicopters.
By Helicopter Type
Light Helicopter (< 4.5 T)
Medium Helicopter (4.5 to 8.5 T)
Heavy Helicopter (> 8.5 T)
By Application
Military
Civil & Commercial
By Sales Channel
OEM (Original Equipment Manufacturer)
MRO (Maintenance, Repair and Operation)
By Component
Main Air-frame
Engine
REGIONAL ANALYSIS
The helicopter market is divided worldwide based on the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and the African region. The largest market share in the global market is occupied by the North American region due to the presence of countries such as Mexico, Canada, and the US with high rates of urbanization and that is why it creates a great demand for this region. The presence of various key players is another factor driving the market demand. Rising air travel and rental services also drive market demand.
The largest market share in the global market is occupied by the Asia-Pacific region due to the presence of densely populated countries such as China, India and Japan, South Korea and many others driving market demand in the region. In addition, the growth of trade, military, and civil society is another factor driving market demand.
The third largest market share in the world market is held by the European region due to the presence of well-developed infrastructure that requires a helicopter market to develop and create more opportunities for growth in the region. The Middle East and Africa region, as well as the Latin American region, show a very small market share due to the availability of low infrastructure in both regions. Low per capita income is another factor that hinders market growth in these regions.
Need any customization research on Helicopters Market - Enquiry Now
REGIONAL COVEREGE:
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Textron Inc., Airbus SAS, Lockheed Martin Corporation, Leonardo SpA, Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc., Korea Aerospace Industries, Ltd., Enstrom Helicopter Corporation and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 28.030 Billion |
| Market Size by 2031 | US$ 72.817 Billion |
| CAGR | CAGR of 12.02% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Helicopter Type (Light Helicopter (< 4> 8.5 T)) • By Application (Military, Civil & Commercial) • By Sales Channel (OEM (Original Equipment Manufacturer), MRO (Maintenance, Repair and Operation)) • By Component (Main Air-frame, Engine) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Textron Inc., Airbus SAS, Lockheed Martin Corporation, Leonardo SpA, Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc., Korea Aerospace Industries, Ltd., Enstrom Helicopter Corporation, |
| DRIVERS | • There is an increasing demand for emergency medical service helicopters. • Depending on the helicopter type and application, a helicopter engine weighs about 10-15% of the total operating weight. |
| RESTRAINTS | • Defense budget cuts in developed countries |
The market size for the Helicopters Market was valued at USD 28.030 billion in 2023.
The expected CAGR of the Helicopters Market is 12.02% during the forecast period 2024-2031.
The leading players in the Helicopters Market include Textron Inc., Airbus SAS, Lockheed Martin Corporation, Leonardo SpA, Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc., Korea Aerospace Industries, Ltd., and Enstrom Helicopter Corporation.
Strict regulations govern the manufacturing of helicopter components is the key challenge for the Helicopters Market.
North American region dominated the Helicopters Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Helicopters Market Segmentation, By Helicopter Type
8.1 Light Helicopter (< 4.5 T)
8.2 Medium Helicopter (4.5 to 8.5 T)
8.3 Heavy Helicopter (> 8.5 T)
9. Helicopters Market Segmentation, By Application
9.1 Military
9.2 Civil & Commercial
10. Helicopters Market Segmentation, By Sales Channel
10.1 OEM (Original Equipment Manufacturer)
10.2 MRO (Maintenance, Repair and Operation)
11. Helicopters Market Segmentation, By Component
11.1 Main Air-frame
11.2 Engine
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Textron Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Airbus SAS
13.3 Lockheed Martin Corporation
13.4 Leonardo SpA
13.5 Hindustan Aeronautics Limited
13.6 Boeing
13.7 Aviation Industry Corporation
13.8 Russian Helicopters
13.9 JSC
13.10 Robinson Helicopter Company
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Unmanned Underwater Vehicles (UUV) Market Size was valued at USD 4.12 billion in 2023 and is expected to reach USD 13.29 billion by 2031 with an emerging CAGR of 15.8% over the forecast period 2024-2031.
The Aircraft Filters Market Size was valued at USD 889.52 million in 2023 and is expected to reach USD 1228.23 million by 2031 and grow at a CAGR of 4.2% over the forecast period 2024-2031.
The Aircraft Seat Actuation System Market Size was valued at USD 655.5 million in 2023 and is expected to reach USD 1569.21 million by 2032 with a growing CAGR of 10% over the forecast period 2024-2032.
The eVTOL Aircraft Market size was valued at USD 1.2 billion in 2023 and is projected to reach USD 8.1 billion by 2031 with a growing CAGR of 26.9% during the forecast period 2024-2031.
The Marine Interiors Market size was valued at USD 3.66 billion in 2023 and is expected to reach USD 8.37 billion by 2032 with a growing CAGR of 9.64% over the forecast period 2024-2032.
The Electric Ship Market size was valued at USD 3.90 billion in 2023 and is projected to reach USD 18.77 billion by 2032, growing at an impressive CAGR of 19.2% during the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
