Commercial Helicopter Market Emerging Economies Are Expected To Drive The Growth

 Commercial Helicopter Industry Overview

The global commercial helicopter market size is projected to reach USD 8.92 billion by 2030, growing at a CAGR of 5.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growth in gas and oil excretion and exploration activities and increased demand for air ambulances for medical purposes are expected to be the market drivers. Furthermore, the increasing popularity of rotorcraft in commercial applications in the Asia Pacific and the Middle East, and the European region is boosting the market growth. The emergence of COVID-19 created a significant impact on the business, specifically in the U.S, Asia Pacific, and Europe region, impacting the demand for helicopters, resulting in, late deliveries, the allowance of minimal staff at production facilities, manufacturing closure, and minimal equipment availability across all markets.

Furthermore, there has been a recent rise in demand for customized and luxurious helicopters in the transportation sphere, which is expected to increase with a growing preference for luxury and enhanced comfort among high-end business travelers. There has also been a noticeable increase in the purchase of new helicopters for activities like training, tourism, Firefighting application, enforcement of the law, and particularly for replacing older fleets and widening the application base. Additionally, an increase in demand for changes in operational requirements, fuel-efficient rotorcraft, and expiring warranties are the key factors anticipated to be drivers of the market over the forecast period for new helicopters.

The North America market is expected to grow significantly during the forecast period due to the growing demand for rotorcraft in the oil and gas and renewable energy industries. The Asia Pacific market was valued at the largest revenue share in 2021 and is expected to grow during the forecast period. Due to the easing of space rules and the rise of the regional aviation sector, countries like India and China are likely to emerge as fast-growing markets.


Commercial Helicopter Market Segmentation

Grand View Research has segmented the global commercial helicopter market report on the basis of type, application, and region:


Based on the Application, the market is segmented into Oil & Gas, Medical Services, Transport, Law Enforcement & Public Safety, and Others.

  • The medical services segment is expected to record the highest CAGR of 7.9% for the forecast period. Airborne medical services can travel faster and operate in a broader area than a global ambulance, making them especially useful in low populated rural areas. An air ambulance is a specially equipped aircraft transporting sick or injured people in a medical emergency or long distances or something impossible with a standard ground ambulance.
  • Air ambulances are equipped with medical equipment essential for the care and treatment of injured or sick patients, Like ground ambulances. Typical air ambulance equipment includes ventilators, medications, monitoring units and ECGs, wrists, and CPR equipment. 

 


Based on the Type, the market is segmented into Light, Medium, Heavy, and Very Large.

  • The Medium type segment captured the largest revenue share of 51.8% in 2021 and is expected to dominate the market over the forecast period. Medium-sized helicopters are majorly used to reach remote locations as a transportation option, and they play a crucial role in supporting lifesaving SAR operations and other medical emergencies.
  • The heavy type segment is expected to record the highest CAGR of 7.7% during the forecast period. Heavy commercial helicopters are majorly used for law enforcement, emergency medical services, aerial work, and firefighting. The commercial segment can be bifurcated into two main activities: aerial work like surveillance, power line or agriculture surveillance, external loads, harbor pilot, maintenance, etc., and passenger transportation like taxi, charter, tourism, and shuttle.

 

Key Companies & Market Share Insights

Market players are focused on separating their products from their competitors in order to gain a foothold. Key market players, such as Leonardo S.P.A, Airbus S.A.S., Lockheed Martin Corporation, and Bell Helicopter-Textron, have invested heavily in R&D activities to develop a new generation rotorcraft using a combination and advanced aircraft. Manufacturers around the world are integrating advanced features, such as (FADEC) Full-Authority Digital Engine Control, an innovative avionics suite, and the latest satellite navigation systems for global climate change, into rotorcraft.

Reducing the growing regulations and the critical pace of infrastructure development required in various developing countries around the world is expected to provide significant opportunities for helicopter manufacturers to grow their customer base and enter market capitalization. The attractive growth rate of the Asia Pacific market urges airlines around the world to build relationships and partnerships with local companies in an effort to maximize business opportunities available in the region. Some of the major players in the global commercial helicopter market include:

  • Airbus S.A.S.
  • Bell Helicopter Textron Inc.
  • Enstrom Helicopter Corp.
  • Hindustan Aeronautics Limited,
  • Leonardo S.P.A.
  • Lockheed Martin Corporation
  • MD Helicopters, Inc.
  • Robinson Helicopter Company

 

Order a free sample PDF of the Commercial Helicopter Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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