Report Id: SNS/A&D/2529 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
Helicopter MRO Market Size was valued at USD 7.58 billion in 2022 and expected to reach USD 11.24 billion by 2030, and grow at a CAGR of 4.59% over the forecast period 2023-2030.
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.
An increase in the use of commercial helicopters
Increase in mro service outsourcing
Hazards to the environment
Next-generation helicopter development
Increase in 3d printing of helicopter mro components
Internet of things (iot) integration in mro
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 5.81 percent.
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.
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, and other players.
by Helicopter Type:
Airframe Heavy Maintenance
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 percent 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 percent 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 percent 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 manufacture 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 7.58 Billion|
|Market Size by 2030||US$ 11.24 Billion|
|CAGR||CAGR of 4.59% From 2023 to 2030|
|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, and other players.|
|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 (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Helicopter MRO Market, by Helicopter Type
8.1 Light Helicopter
8.2 Medium Helicopter
8.3 Heavy Helicopter
9.Helicopter MRO Market, by Application
10.Helicopter MRO Market, by Type
10.1 Airframe Heavy Maintenance
10.2 Engine Maintenance
10.3 Component Maintenance
10.4 Line Maintenance
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Honeywell International Inc.
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
12.5 Textron Inc,
12.6 United Technologies Corporation,
12.7 Airbus SAS,
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
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