Helicopter Market Size, Share, Growth Analysis, By Point Of Sale (OEM, And Aftermarket), By OEM By Type Military (Heavy Helicopters (>8.5 Tons), Medium Helicopters (4.5 -8.5 Tons), Light Helicopters (<4.5 Tons)), Civil & Commercial (Heavy Helicopters (>9.0 Tons), Medium Helicopters (3.1 –9.0 Tons), Light Helicopters (<3.1 Tons), By Region - Industry Forecast 2024-2031

Global Helicopters Market size was valued at around USD 30.5 billion in 2022 and is expected to rise from USD 32.3 billion in 2023 to reach a value of USD 51.9 billion by 2031, at a CAGR of 6.1% over the forecast period (2024–2031).

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. 'Airbus Helicopters SAS  ', 'Leonardo S.p.A. ', 'Bell Helicopter ', 'Lockheed Martin Corporation ', 'The Boeing Company ', 'Kawasaki Heavy Industries, Ltd. ', 'MD Helicopters ', 'Hindustan Aeronautics Limited ', 'Russian Helicopters, JSC ', 'Korea Aerospace Industries ', 'Mitsubishi Heavy Industries, Ltd. ', 'Robinson Helicopter Company ', 'Kaman Corporation ', 'Aviation Industry Corporation of China, Ltd. ', 'Fama Helicopters ', 'Safari Helicopter ', 'Changhe Aircraft Industries Corporation ', 'Lilium GmbH ', 'EHang ', 'Volocopter GmbH ', 'Workhorse Group ', 'Neva Aerospace ', 'Opener ', 'Kitty Hawk ', 'Joby Aviation'

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.

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.

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.