USD 35.78 billion
Global Helicopter Market Size, Share, Growth Analysis, By Type(Light helicopters, medium helicopters), By Application(Defense and military, civil and commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2189 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
65 |
Figures:
75
Global Helicopter Market Insights
Global Helicopter Market size was valued at USD 35.78 billion in 2022 and is poised to grow from USD 40.59 billion in 2023 to USD 111.22 billion by 2031, at a CAGR of 13.43% during the forecast period (2024-2031).
The global helicopter market is experiencing significant growth globally. Our report contains detailed information on the value chain analysis for the helicopter market, which manufacturers can use to gain a competitive edge during the projected period. Helicopters play a crucial role in providing rapid medical assistance and transportation, particularly in remote areas or during natural disasters where accessibility by traditional means is challenging.
Despite the market's positive growth trajectory, there are several challenges and restraints to be considered. The high acquisition and maintenance costs associated with helicopters pose a significant barrier, particularly for smaller organizations and emerging economies. The stringent regulatory requirements governing helicopter operations, including safety standards, airworthiness certifications, and pilot qualifications, also add to the challenges.
Safety concerns and accidents are another factor that impacts market growth, as they raise questions about the reliability and safety of helicopters. the increasing demand for emergency medical services, investments in defense and military sectors, and the offshore oil and gas industry. Technological advancements have also played a significant role in enhancing the performance and capabilities of helicopters. However, challenges related to high costs, regulatory requirements, and safety concerns should be addressed to sustain and further expand the market. The market's future growth will be influenced by ongoing innovations, emerging trends such as electric and hybrid helicopters, and the demand for autonomous and unmanned solutions in various applications.
Technological advancements in helicopter design have played a significant role in the market's expansion. Manufacturers are continuously investing in research and development to enhance the performance, safety, and operational efficiency of helicopters. Innovations in rotor blade design, propulsion systems, avionics, and materials have led to the development of advanced helicopters with improved capabilities. These advancements have not only increased the operational efficiency but also reduced the environmental impact of helicopters, making them more attractive to buyers.
US Helicopter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
medium helicopters
Fastest Growth
medium helicopters
Growth Rate
13.43% CAGR
Global Helicopter Market ($ Bn)
Country Share for North America Region (%)
Global Helicopter Market By Type ($ Bn)
Global Helicopter Market By Type (%)
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Global Helicopter Market Segmental Analysis
The global helicopter market can be segmented based on type, application, and region. Based on type, the market can be divided into light helicopters, medium helicopters, heavy helicopters. Based on application, the market can be categorized into defense and military, civil and commercial, offshore oil and gas, emergency medical services, law enforcement. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The largest market segment in the helicopter industry is the medium helicopter segment. Medium helicopters have higher payload capacities and greater range capabilities compared to light helicopters. They find applications in various sectors, including offshore oil and gas exploration, corporate transportation, law enforcement, and military operations. The demand for medium helicopters is driven by factors such as the growth of the offshore oil and gas industry, the need for efficient corporate transportation, and the demand for versatile helicopters in military and law enforcement applications.
On the other hand, the fastest-growing segment in the helicopter market by type is the light helicopter segment. Light helicopters are designed for transportation of a small number of passengers and cargo over short distances. They are widely used in tourism, personal transportation, aerial photography, and law enforcement. The increasing adoption of light helicopters for emergency medical services (EMS) and air ambulance applications has further fueled the demand. The growth of the light helicopter segment is driven by factors such as the rising use of helicopters in the tourism industry, advancements in lightweight materials, improved fuel efficiency, and technological advancements.
Analysis By Application
The largest market segment in the helicopter industry by application is the defense and military segment. The defense and military sector accounts for a significant portion of the helicopter market. Helicopters are vital for military operations, including troop transport, reconnaissance, search and rescue missions, and combat support. The demand for helicopters in defense and military applications is driven by governments' investments in modernizing their defense forces and the need for versatile and efficient aerial platforms.
On the other hand, the fastest-growing segment in the helicopter market by application is the emergency medical services (EMS) segment. Helicopters play a crucial role in providing rapid medical assistance and transportation, particularly in remote areas or during natural disasters where accessibility by traditional means is challenging. The ability of helicopters to swiftly reach accident or disaster sites, transport patients to hospitals, and facilitate organ transportation has significantly contributed to the growth of the EMS segment.
Global Helicopter Market By Type, 2023 (%)
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Global Helicopter Market Regional Insights
The largest market region in the global helicopter market is North America. North America has a dominant position in the helicopter industry, driven by factors such as the presence of major helicopter manufacturers, robust defense and military spending, and a developed infrastructure for various applications. The United States, in particular, accounts for a significant share of the North American market, with a strong demand for helicopters in defense and military operations, offshore oil and gas exploration, emergency medical services, and law enforcement. Additionally, North America has a mature tourism industry that contributes to the demand for helicopters in aerial sightseeing and transportation.
On the other hand, the fastest-growing region in the helicopter market is the Asia Pacific. The Asia Pacific region has been witnessing rapid economic growth, which has led to increased investments in various sectors, including defense, infrastructure development, and tourism. Countries like China, India, and Japan have emerged as key growth markets in the region. The expanding middle-class population, rising disposable incomes, and growing tourism industry have fueled the demand for helicopters in the Asia Pacific.
Global Helicopter Market By Geography, 2024-2031
- Largest
- Fastest
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Global Helicopter Market Dynamics
Drivers
Increasing Demand For Emergency Medical Services
- Helicopters play a critical role in providing rapid medical assistance and transportation, especially in remote areas or during natural disasters where access by traditional means is challenging. The ability of helicopters to swiftly reach accident or disaster sites, transport patients to hospitals, and facilitate organ transportation has significantly contributed to the growth of the EMS segment. The growing recognition of the importance of timely medical care and the need for efficient emergency healthcare services have driven the demand for helicopters in EMS applications.
Restraints
High Acquisition And Maintenance Costs
- Helicopters are complex machines that require significant investment for acquisition and ongoing maintenance. The cost of manufacturing and incorporating advanced technologies into helicopters, such as avionics, propulsion systems, and safety features, adds to the overall price of the aircraft. Additionally, the regular maintenance, inspections, and compliance with safety regulations can be expensive. The high costs pose a significant barrier, particularly for smaller organizations, emerging economies, and budget-constrained sectors.
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Global Helicopter Market Competitive Landscape
The competitive landscape of the helicopter market is characterized by the presence of several global and regional players, each striving to gain a competitive edge and capture a significant market share. The competitive landscape is characterized by the presence of established global manufacturers, regional players, and strategic partnerships. The market is driven by continuous innovation, technological advancements, and a focus on meeting specific customer requirements. These companies have established themselves as leaders in the market, leveraging their extensive experience, technological capabilities, and strong brand reputation.
Top Player’s Company Profiles
- Russian Helicopters (Russia)
- Sikorsky Aircraft Corporation (United States)
- Boeing (United States)
- Lockheed Martin (United States)
- Textron Systems (United States)
- Hindustan Aeronautics Limited (India)
- Korea Aerospace Industries (South Korea)
- China Aviation Industry Corporation (China)
- Kawasaki Heavy Industries (Japan)
- MD Helicopters, Inc. (United States)
- Robinson Helicopter Company (United States)
- Enstrom Helicopter Corporation (United States)
- Kaman Corporation (United States)
- NHIndustries (Netherlands)
- AgustaWestland (Italy)
- Airbus Defense and Space (Germany)
- Kamov (Russia)
Recent Developments
- In February 2023, Hindustan Aeronautics Limited (HAL), an aerospace and defense company, unveiled a new manufacturing unit in India. HAL intends to manufacture more than 1,000 rotary-wing aircraft with different load capacities.
- In August 2022, NASA plans to launch two more mini helicopters to Mars to bring back Martian rocks and soil samples to Earth. The helicopter weighs just 4 pounds (1.8 kilograms).
- In July 2022, Elbit Systems Ltd., an Israel-based international defense electronics company, launched an innovative vision suite for military rotorcrafts (a fifth-generation aircraft technology).
Global Helicopter Key Market Trends
- Growing adoption of electric and hybrid propulsion systems: As the industry focuses on sustainability and reducing environmental impact, there is an increasing interest in developing and utilizing electric and hybrid-powered helicopters. These propulsion systems offer several advantages, including reduced emissions, lower operating costs, and improved fuel efficiency. Electric and hybrid helicopters have the potential to revolutionize the industry by addressing concerns related to noise pollution, carbon footprint, and operating expenses. Manufacturers and technology companies are investing in research and development to advance electric and hybrid technologies, aiming to enhance the range, power, and performance of these aircraft.
Global Helicopter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Helicopter market is poised for significant growth in the coming years, driven by various factors and offering substantial future scope. The helicopter market holds promising future prospects, driven by factors such as increasing demand for emergency medical services (EMS), technological advancements, and the pursuit of sustainable aviation. The EMS segment is expected to witness significant growth due to the crucial role helicopters play in providing rapid medical assistance and transportation, particularly in remote and inaccessible areas. Moreover, the market is witnessing a shift towards electric and hybrid propulsion systems, which offer reduced emissions, lower operating costs, and improved fuel efficiency. This trend aligns with the industry's commitment to sustainability and the global focus on cleaner transportation solutions. The medium helicopter segment remains the largest in the market, catering to diverse applications such as offshore oil and gas exploration, corporate transportation, and military operations. However, the light helicopter segment is experiencing the fastest growth, driven by the rising popularity of helicopters in tourism and advancements in lightweight materials and technology. North America dominates the helicopter market, with a strong presence of major manufacturers and a robust defense and military sector. The region benefits from established infrastructure and a mature tourism industry. Looking ahead, the helicopter market is poised for continuous growth, fueled by advancements in technology, emerging economies' demand, and the increasing need for versatile aerial platforms across various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 35.78 billion |
| Market size value in 2031 | USD 111.22 billion |
| Growth Rate | 13.43% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Helicopter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Helicopter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Helicopter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Helicopter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Helicopter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Helicopter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Helicopter Market Report Snapshots
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