USD 8.3 billion
Report ID:
SQMIG20R2014 |
Region:
Global |
Published Date: January, 2025
Pages:
165
|Tables:
91
|Figures:
67
Global Helicopter MRO Services Market size was valued at USD 8.3 billion in 2023 and is poised to grow from USD 8.67 billion in 2024 to USD 12.23 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
MRO, or maintenance, repair, and overhaul is the phrase used to describe a variety of maintenance procedures performed to maintain an aeroplane’s safety, functionality, and airworthiness. The activity of a helicopter requires regular maintenance and repair. To guarantee the safety of operations, travellers, and teams, it makes sure that rotorcraft are maintained in predefined airworthiness circumstances. A greater number of flights use enhanced composite materials every year. Particularly, the proportion of parts composed of glass, wood, or aramid fibres in helicopters has accelerated.
Digital MRO is the practice of performing maintenance, repair, and overhaul (MRO) operations using digital technologies like the Internet of Things, blockchain, artificial intelligence, robotics, augmented reality, virtual reality, digital twins, and 3D printing. These technologies speed up turnaround times and boost productivity. The MRO sector is evolving due to technology improvements, which are also spurring the creation of creative solutions.
US Helicopter MRO Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 8.3 billion
Largest Segment
Lightweight
Fastest Growth
Lightweight
Growth Rate
4.4% CAGR
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Global Helicopter MRO Services Market is segmented by Helicopter Type, MRO Service Operators, Application and region. Based on Helicopter Type, the market is segmented into Light Weight, Medium Weight and Heavy Weight. Based on MRO Service Operators, the market is segmented into Flight Inspection, Power By Hour, Overhaul, Repairs and Others. Based on Application, the market is segmented into Civil and Military. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
In 2021, the lightweight sector accounted for the largest helicopter MRO services market share and is likely to dominate during the forecast duration. The popularity of lightweight helicopters from nations such as China and India for emergency medical care will support the sector's growth.
During the projection timeframe, the medium-weight helicopter sector is expected to develop at the highest CAGR. The sector is expected to develop as a result of the increasing need for medium-weight helicopters for military activities such the transporting supplies and troops, among other things.
The heavy-weight sector will see moderate development. The increase is the result of an increase in the requirement for heavy-weight helicopters for military uses including the transfer of cargo and the heavy lift of armoured cars.
The largest market share for helicopter MRO services was maintained by the civil helicopter sector globally. The biggest concentration of commercial helicopters in the United States is thought to be the cause of the growth. The market is expanding throughout the areas because of increasing demands for civil applications including rescue operations, airborne firefighting, transportation, tourism, and others.
During the projected timeframe, a significant growth rate is expected for the military sector. This expansion is the result of the defence industry's rising need for medium and heavy helicopters.
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In 2021, North America holds the highest proportion of the global market for helicopter MRO services. The market is increasing as a result of more helicopters being delivered, more helicopters being used in commercial and civic activities across North America, and more modern helicopters being purchased in the United States. The area's growth may be accelerated by the existence of major helicopter MRO service suppliers and OEMs including ST Engineering, Aerospace, HAECO Group, AAR, and Aviation Technical Services.
During the forecast period, the Asia Pacific is likely to have a large increase in demand. This is because more helicopters are being used for a variety of purposes, such as EMS, rescue operations, petroleum & gas, and business services.
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Companies are continually enhancing their products and strengthening their position in the market. Major players are developing strategies to increase their market position through partnerships, alliances, and agreements. Major firms' intentions for MRO service station expansion could have a significant impact on the market's growth in recent years. For instance, Erickson Inc. and Bell Textron Inc. reached an agreement in February 2021 to start the process of transferring the type certifications for the model 214ST and B/B1 helicopters to Erickson Inc.
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According to our analysis, the lightweight industry held the largest market share for helicopter MRO services in 2021 and is expected to keep dominating for the length of the forecast. The global civil helicopter industry continued to hold the largest market share for helicopter MRO services. The largest share of the global market for helicopter MRO services will be held by North America in 2021. The Asia Pacific is expected to experience significant growth in demand during the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8.3 billion |
Market size value in 2032 | USD 12.23 billion |
Growth Rate | 4.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Helicopter MRO Services 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 Helicopter MRO Services 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.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Helicopter MRO Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Helicopter MRO Services 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.
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Report ID: SQMIG20R2014
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