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Helicopter MRO Market Report Scope & Overview:

Helicopter MRO Market,Revenue Analysis

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The Helicopter MRO Market Size was valued at USD 8.62 billion in 2023 and is expected to reach USD 12.53 billion by 2031 with an emerging CAGR of 4.75% over the forecast period 2024-2031.

Helicopters are essential for distant access, intra-city travel, police enforcement, disaster relief, search and rescue, and emergency medical evacuation. Aircraft maintenance, repair, and overhaul (MRO) has become an essential component for ensuring proper servicing, airworthiness, and customer protection for a fleet. MRO companies do maintenance, evaluations, and regular and overhaul checks. Aircraft use, worldwide fleet size, and air traffic level all have an impact on the global civil helicopter MRO industry. National and international aviation regulatory organisations closely monitor operators and OEMs in the industry to guarantee compliance with severe regulations and procedures. The helicopter MRO market has been steadily expanding in recent years and is likely to expand further in the coming years.

Market Dynamics

Key Drivers

  • An increase in the use of commercial helicopters

  • Increase in mro service outsourcing

Restraints

  • Hazards to the environment

  • Next-generation helicopter development

Opportunity

  • Increase in 3d printing of helicopter mro components

  • Internet of things (iot) integration in mro

Challenges

  • Other problems associated with the introduction of new technology include prohibitive costs, technology risk driven by certification requirements, and required skills.

IMPACT OF COVID-19

In comparison to other industries, the aviation sector has been the most hit by the coronavirus (COVID-19) epidemic. This is ascribed to containment policies against the COVID-19 epidemic, which resulted in the closure of the multinational passenger airline's whole service. It is unclear how long it will take for markets to recover in the post-COVID environment. The coronavirus pandemic created deep meta-uncertainty in the global economy, and its impact could affect the future functionality of our pre-COVID economic institutions.

The market was divided into four types: heavy maintenance airframe, engine maintenance, part maintenance, and line maintenance. In helicopters, device servicing involves a variety of small and large parts. Because spare parts and subsystems for helicopters are commonly available, the expenses associated with component repair are lower in comparison to other types of maintenance.

The industry was divided into three categories: tiny helicopters (3.1 tonnes), medium helicopters (3.1-9.0 tonnes), and large helicopters (>9.0 tonnes). Heavy helicopters can carry more than 9 tonnes of cargo. The military primarily uses these helicopters to transport personnel, combat equipment, and artillery. Big helicopters necessitate routine maintenance due to their large load capacity. As a result, during the projection period, the heavy helicopter segment (>9.0 tonnes) is expected to grow at a CAGR of 4.59%. The industry's application divisions include civilian and military. The increased demand for commercial helicopters has resulted in an increase in demand for civil helicopter MRO services.

KEY MARKET SEGMENTATION

By Helicopter Type

  • Light Helicopter

  • Medium Helicopter

  • Heavy Helicopter

By Application

  • Civil

  • Military

By Type

  • Airframe Heavy Maintenance

  • Engine Maintenance

  • Component Maintenance

  • Line Maintenance

REGIONAL ANALYSIS

North America boasts the most MRO facilities for both commercial and military helicopters in the world. Furthermore, as the core of warfare evolves, the US Department of Defense is investing in upgrading its present helicopter fleet. Regional demand is expected to grow at a 3.97% CAGR throughout the projection period. The growing use of civilian turbine-powered helicopters in this sector. North America's strong economic prosperity will also encourage the replacement of ageing aircraft used in many industries such as tourism, offshore operations, and search and rescue missions. The replacement of ageing aeroplanes would create prospects for demand growth.

Europe is predicted to be the second-largest sector during the evaluation period. The regional market is expected to reach USD 3.22 billion by 2022, growing at a CAGR of 4.38% during the forecast period. Germany is a big contributor to the aerospace industry, and I am likely to contribute to the sector's overall development.

Asia-Pacific is predicted to be the third-largest region throughout the forecast period. The regional market is expected to reach USD 1.59 billion by 2022, growing at a CAGR of 6.88% during the forecast period. China ranks second in APAC's booming civil aviation industry. China is one of the fastest developing countries in the global aviation supply chain, owing to its robust aviation goods and services. They are also looking to enter the commercial helicopter manufacturing sector. The Chinese government is also encouraging private and international industries to collaborate and build helicopters. The expanding Chinese economy provides an enormous potential demand for the development of all types of helicopters.

The rapid expansion of airframe and engine suppliers, as well as the increasing number of helicopters in APAC, have all contributed to an increase in helicopter MRO demand.

The Middle East and Africa had the smallest market share, but their position is expected to grow due to Kenya's steady expansion and intentions to establish a permanent base. This will open up new markets for Airbus Helicopter MRO operations in Africa and the Middle East. A contract for a twin-engine helicopter to boost airborne law enforcement and civil emergency response capability was also signed with Kenya police. These organisations use a variety of helicopters and pilots to sell aftermarket MRO services.

Helicopter-MRO-Market-By-Region

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REGIONAL COVERAGE:

  • North America

    • 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

KEY PLAYERS

The Key Players are Honeywell International Inc., Leonardo SpA, Safran SA, StandardAero, Textron Inc, United Technologies Corporation, Airbus SAS, Heli-One, MTU Aero Engines AG, Rolls-Royce Holdings PLC & Other Players.

Helicopter MRO Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 8.62 Billion
Market Size by 2031 US$ 12.53 Billion
CAGR CAGR of 4.75% 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 (<3>9.0 Tons))
• By Application (Civil and Military)
• By Type (Airframe Heavy Maintenance, Engine Maintenance, Component Maintenance and Line Maintenance)
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 Honeywell International Inc., Leonardo SpA, Safran SA, StandardAero, Textron Inc, United Technologies Corporation, Airbus SAS, Heli-One, MTU Aero Engines AG, Rolls-Royce Holdings PLC
DRIVERS • An increase in the use of commercial helicopters
• Increase in mro service outsourcing
RESTRAINTS • Hazards to the environment
• Next-generation helicopter development

Frequently Asked Questions

The market size of the Helicopter MRO Market was valued at USD 8.62 billion in 2023.

The growth rate of the Helicopter MRO Market is 4.75% over the forecast period 2024-2031.

The key players of the Helicopter MRO Market are Honeywell International Inc., Leonardo SpA, Safran SA, StandardAero, Textron Inc, United Technologies Corporation, Airbus SAS, Heli-One, MTU Aero Engines AG, Rolls-Royce Holdings PLC.

North America region dominated the Helicopter MRO Market.

The Helicopter MRO Market is segmented into 3 types: By Helicopter Type, By Type, and By Application.

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. Helicopter MRO Market Segmentation, by Helicopter Type

8.1 Light Helicopter

8.2 Medium Helicopter

8.3 Heavy Helicopter

9. Helicopter MRO Market Segmentation, by Application

9.1 Civil

9.2 Military

10. Helicopter MRO Market Segmentation, by Type

10.1 Airframe Heavy Maintenance

10.2 Engine Maintenance

10.3 Component Maintenance

10.4 Line Maintenance

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Honeywell International Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Leonardo SpA

12.3 Safran SA

12.4 StandardAero,

12.5 Textron Inc,

12.6 United Technologies Corporation,

12.7 Airbus SAS,

12.8 Heli-One,

12.9 MTU Aero Engines AG,

12.10 Rolls-Royce Holdings PLC.

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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