Pune, India, April 13, 2023 (GLOBE NEWSWIRE) -- The global helicopter market size was valued at USD 56.87 billion in 2022 and is projected to grow from USD 58.87 billion in 2023 to USD 76.16 billion by 2030, exhibiting a CAGR of 3.7% during the forecast period. A helicopter is a type of vertical take-off and landing (VTOL) aircraft that uses one or more than one horizontal rotors to generate lift and propulsion. They have a wide range of applications such as ambulance services, search, and rescue operations. Increasing demand from defense and commercial segments is anticipated to fuel the market development. Fortune Business Insights™ shares this information in its report titled “Helicopter Market, 2023-2030.”
Get a Free Sample Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/helicopter-market-101685
List of Key Players Profiled in the Helicopter Market Report:
- Airbus S.A.S (Netherlands)
- Textron Inc. (U.S.)
- Leonardo S.p.A. (Italy)
- Lockheed Martin Corporation (U.S.)
- The Boeing Company (U.S.)
- Rostec (Russia)
- The Robinson Helicopter Company (U.S.)
- Kawasaki Heavy Industries Ltd. (Japan)
- Hindustan Aeronautics Limited. (India)
- Kaman Corporation (U.S.)
Report Scope and Segmentation-
Report Attributes | Details |
Forecast Period | 2023-2030 |
Forecast CAGR | 3.75% |
2030 Value Projection | USD 76.16 billion |
Market Size in 2023 | USD 58.87 Billion |
Historical Data | 2019- 2021 |
No. of Pages | 180 |
Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
Segments Covered |
|
Regions Covered |
|
Helicopter Market Growth Drivers | Growing Demand for Air Ambulance Services is Expected to Propel the Market Progress |
Rising Demand from Military and Defense is Expected to Drive the Market Growth |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
Russia-Ukraine War Impact:
The Russia-Ukraine war has significantly impacted the aviation industry. Majority of helicopter manufacturers of both Russia and Ukraine source parts from suppliers in other countries. Textron Inc. announced that it closed its manufacturing facilities in Russia and will no longer do business within the country, which led to a loss of potential customers and revenue for the rotorcraft market in both countries.
Segments:
Civil & Commercial Segment to be Prime Part due to Rising Demand for Emergency Services
According to type, the market is bifurcated into civil & commercial and military. The civil & commercial segment holds the largest share in the segment due to rising demand for emergency services and air transportation. The military segment is estimated to have moderate growth with use in disaster relief and humanitarian missions.
Light to Lead Due to Demand for Civil and Commercial Helicopters
According to weight, the market is divided into light, medium, and heavy. Light segment dominated in 2022 due to growing demand for civil and commercial helicopters in sightseeing, aerial photography, and transportation of small groups and cargo.
EMS to Lead Due to Increasing Applications in Healthcare
Based on application, the market is divided into Emergency Medical Service (EMS), corporate service search and rescue operation, oil & gas, defense, homeland security, and others. The Emergency Medical Service (EMS) segment is set to dominate due to increasing applications in healthcare. The search and rescue operation segment has the second largest share owing to its applications in disaster management, aerial firefighting activities, and others.
Pre-Owned to Lead the Segment Due to Various Benefits
Based on point of sale, the market is divided into new and pre-owned. Pre-owned segment is set to dominate due to cost-effectiveness of pre-owned and increased backlog deliveries by OEMs.
In terms of geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Get a Quote Now:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/helicopter-market-101685
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Demand for Air Ambulance Services to Propel Market Growth
Demand for air ambulance services is projected to drive the helicopter market growth. The demand for air ambulance services has been increasing as they are one of the fastest means of transportation due to their quickness to offer transportation to critical patients. Their ability to reach remote and inaccessible areas makes them an ideal option for transporting patients to medical facilities with speed and efficiency. The demand for ambulance services is set by the growing elderly population, rise in chronic diseases, and the requirement for prompt medical attention during emergencies.
However, delivery backlogs, high operational, and maintenance costs impede market expansion.
Regional Insights
North America to Dictate Market Share Due to Modernization and Expansion of Military
North America held the dominating helicopter market share in 2022 due to the modernization and expansion of the military fleet. In June 2022, Lockheed Martin Corp received a five-year contract for USD 2.3 billion to manufacture a minimum of 120 H-60M Black Hawks as the U.S. military seeks a successor to its existing fleet. The five-year contract includes an option for 135 additional aircraft worth USD 4.4 billion, available to the Army, U.S. agencies, and allies.
Europe has held the second-largest share as helicopters are used for the transportation of offshore wind farms and maintenance of wind turbines.
Asia Pacific is the fastest-growing region in the market due to defense spending by emerging countries and increasing demand for lightweight helicopters.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/helicopter-market-101685
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Value Chain/Supply Chain Analysis
- Qualitative Insights - Impact of Russia-Ukraine War & the COVID-19 Pandemic on the Global Helicopter Market
- Impact of the COVID-19 Pandemic on the Global Helicopter Market
- Impact of Russia-Ukraine War on the Global Helicopter Market
- Global Helicopter Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Definition
- Market Analysis, Insights and Forecast – By Type
- Civil & Commercial
- Military
- Market Analysis, Insights and Forecast – By Weight
- Light
- Medium
- Heavy
- Market Analysis, Insights and Forecast – By Application
- Emergency Medical Services (EMS)
- Corporate Services
- Search and Rescue Operations
- Oil & Gas
- Defense
- Homeland Security
- Others
- Market Analysis, Insights and Forecast – By Point of Sale
- New
- Pre-Owned
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
TOC Continued...!
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/helicopter-market-101685
Competitive Landscape
New Product Launches by the Key Market Players to Boost Market Progress
The market has key players such as Airbus S.A.S, Textron Inc., Leonardo S.p.A., Lockheed Martin Corporation, The Boeing Company, and others. The key players have been adopting strategies such as mergers, acquisitions, product launches, collaborations, and partnerships. In December 2022, Airbus SAS launched DisruptiveLab for the improvement of rotorcraft performance. DisruptiveLab is a flying laboratory that is designed to test technologies that can enhance the performance of aircraft and reduce CO2 emissions.
Key Industry Development
- February 2023: Hindustan Aeronautics Limited (HAL) unveiled a new manufacturing unit in Karnataka, India. HAL intends to manufacture more than 1,000 rotary-wing aircraft, with different load capacities and generate revenue of over USD 4 billion over the next two decades.
Read Related Insights:
Reusable Launch Vehicle Market to Be Worth USD 5.41 Billion By 2030; Increased Usage of High Payload Rockets to Drive Market Forward
LiDAR Drone Market is projected to grow USD 455.0 million by 2028, at a CAGR of 17.98%
Aero Wing Market Size to grow USD 20.35 billion in 2028 with exhibiting a CAGR of 8.98%
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner,
Mahalunge Road, Baner, Pune - 411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Follow Us: LinkedIn | Facebook | Twitter
![](https://ml.globenewswire.com/media/MWQxZTA5YWYtMzQ3Yy00NGY0LWFjYzQtN2FlMTVjN2M3MmU3LTUwMDA2NjY2Mw==/tiny/Fortune-Business-Insights.png)