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Helicopters Market Report Scope & Overview:

The Helicopters Market Size was valued at USD 27.09 billion in 2022 and is expected to reach USD 67.08 billion by 2030 with a growing CAGR of 12% over the forecast period 2023-2030.

The helicopter is also called the chopper in the world market and is a type of rotor-craft where thrust and lift are provided by rotors. This allows the helicopter to take off and land directly, to fly forward, to retreat, and to take off. These features allow helicopters to be used in crowded or adjoining areas where fixed-wing aircraft and more Vertical Take Off and Landing (VTOL) aircraft can be manufactured. A major factor contributing to the growth of the helicopter market is the increased demand for helicopter services, medical and emergency services, and helicopter services. In addition, growth in the tourism industry is expected to increase the demand for helicopter market during the forecast period. In addition, replacement of worn-out helicopters is expected to support market growth. However, higher travel costs limit market growth.

Helicopters Market Revenue Analysis

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MARKET DYNAMICS

KEY DRIVERS

  • There is an increasing demand for emergency medical service helicopters.

  • Depending on the helicopter type and application, a helicopter engine weighs about 10-15% of the total operating weight.

RESTRAINTS

  • Defense budget cuts in developed countries

OPPORTUNITIES

  • Commercialization of urban air mobility and electric vertical takeoff and landing can serve as an alternative to helicopters.

  • This is expected to provide opportunities for helicopter market players who have the design and manufacturing capabilities to integrate electric-hybrid propulsion as well as autonomous flight capabilities in their helicopters in order to increase their market share.

CHALLENGES

  • Strict regulations govern the manufacture of helicopter components.

  • Before they can be assembled in a helicopter, all components must go through a one-time inspection.

THE IMPACT OF COVID-19

The rapid spread of the novel COVID-19 in markets such as Europe, the United States, and Asia Pacific has resulted in a significant drop in global demand for helicopters. Due to factors such as late delivery and manufacturing shutdown, there has also been a corresponding reduction in the revenue quantum for various helicopter suppliers, followed by service providers across all market locations. Furthermore, the availability of limited staff at manufacturing facilities, as well as limited availability of equipment, is impeding market growth.

Civil, commercial, and military helicopters have seen significant growth in recent years. The increased demand for light helicopters for civil and commercial applications such as transport and offshore is one of the major factors driving this growth. Military helicopter procurement by military around the world, particularly demand for attack helicopters from emerging economies, has increased the order book of military helicopters. This demand, which has resulted in an increase in helicopter deliveries, is expected to propel the OEM market during the forecast period. Because of the increase in offshore activities and demand from offshore rigs, civil and commercial offshore helicopters are expected to have the highest CAGR. The number of global offshore rigs has steadily increased in recent years and is expected to rise further during the forecast period. Demand for offshore helicopters is expected to rise as offshore activities expand. With the growth of the aviation industry and relatively short travel times to any part of the world, the world has become a relatively small area. It also provided a boost to the personal atmosphere, a significant expansion of places, cultures, people, or a sense of humor as travelers could gain access by simply booking flights. Individual rising incomes associated with aging vessels are expected to further the market demand for helicopters. In addition, the growing tourism industry is expected to increase the demand for the helicopter market during the forecast period. However, tight ventilation systems and the high costs associated with helicopters can serve as challenges to the growth of the helicopter market market. Most countries pay taxes on commercial helicopters, thus hampering growth at some point. Helicopters produce noise levels up to 110 decibels slightly lower than the sound produced by a large chainsaw. The pressure on manufacturers of helicopters to design environmentally friendly helicopters is likely to increase in the near future due to the increase in the number of helicopters entering the service.

Developing countries such as Brazil, India and China are facing increasing demand for commercial helicopters due to the growth of the tourism industry. In addition, manufacturers expect that attractive financial systems will boost market share, as consumers find favorable targets for buying new helicopters.

KEY MARKET SEGMENTATION

By Helicopter Type

  • Light Helicopter (< 4.5 T)

  • Medium Helicopter (4.5 to 8.5 T)

  • Heavy Helicopter (> 8.5 T)

By Application

  • Military

  • Civil & Commercial

By Sales Channel

  • OEM (Original Equipment Manufacturer)

  • MRO (Maintenance, Repair and Operation)

By Component

  • Main Air-frame

  • Engine

Helicopters Market Segmentation Analysis

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REGIONAL ANALYSIS

The helicopter market is divided worldwide based on the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and the African region. The largest market share in the global market is occupied by the North American region due to the presence of countries such as Mexico, Canada, and the US with high rates of urbanization and that is why it creates a great demand for this region. The presence of various key players is another factor driving the market demand. Rising air travel and rental services also drive market demand.

The largest market share in the global market is occupied by the Asia-Pacific region due to the presence of densely populated countries such as China, India and Japan, South Korea and many others driving market demand in the region. In addition, the growth of trade, military, and civil society is another factor driving market demand.

The third largest market share in the world market is held by the European region due to the presence of well-developed infrastructure that requires a helicopter market to develop and create more opportunities for growth in the region. The Middle East and Africa region, as well as the Latin American region, show a very small market share due to the availability of low infrastructure in both regions. Low per capita income is another factor that hinders market growth in these regions.

REGIONAL COVEREGE:

  • 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 Major Players are Textron Inc., Airbus SAS, Lockheed Martin Corporation, Leonardo SpA,  Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc.,  Korea Aerospace Industries, Ltd., Enstrom Helicopter Corporation and Other Players

Textron Inc-Company Financial Analysis

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Helicopters Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 27.09 Billion
Market Size by 2030 US$ 67.08 Billion
CAGR CAGR of 12% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Helicopter Type (Light Helicopter (< 4> 8.5 T))
• By Application (Military, Civil & Commercial)
• By Sales Channel (OEM (Original Equipment Manufacturer), MRO (Maintenance, Repair and Operation))
• By Component (Main Air-frame, Engine)
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 Textron Inc., Airbus SAS, Lockheed Martin Corporation,  Leonardo SpA,  Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc.,  Korea Aerospace Industries, Ltd., Enstrom Helicopter Corporation,
DRIVERS • There is an increasing demand for emergency medical service helicopters.
• Depending on the helicopter type and application, a helicopter engine weighs about 10-15% of the total operating weight.
RESTRAINTS • Defense budget cuts in developed countries

Frequently Asked Questions

The market size for the Helicopters Market was valued at USD 27.09 billion in 2022.

The expected CAGR of the Helicopters Market is 12% during the forecast period 2023-2030.

The leading players in the Helicopters Market include Textron Inc., Airbus SAS, Lockheed Martin Corporation, Leonardo SpA, Hindustan Aeronautics Limited, Boeing, Aviation Industry Corporation, Russian Helicopters, JSC, Robinson Helicopter Company, MD Helicopters, Inc., Korea Aerospace Industries, Ltd., and Enstrom Helicopter Corporation.

Strict regulations govern the manufacturing of helicopter components is the key challenge for the Helicopters Market.

North American region dominated the Helicopters Market.

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. Helicopters Market Segmentation, By Helicopter Type

8.1 Light Helicopter (< 4.5 T)

8.2 Medium Helicopter (4.5 to 8.5 T)

8.3 Heavy Helicopter (> 8.5 T)

9. Helicopters Market Segmentation, By Application

9.1 Military

9.2 Civil & Commercial

10. Helicopters Market Segmentation, By Sales Channel

10.1 OEM (Original Equipment Manufacturer)

10.2 MRO (Maintenance, Repair and Operation)

11. Helicopters Market Segmentation, By Component

11.1 Main Air-frame

11.2 Engine

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 Textron Inc.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Airbus SAS

13.3 Lockheed Martin Corporation

13.4 Leonardo SpA

13.5 Hindustan Aeronautics Limited

13.6 Boeing

13.7 Aviation Industry Corporation

13.8 Russian Helicopters

13.9 JSC

13.10 Robinson Helicopter Company

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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