Global Commercial Helicopter Market Trends, Development Strategies, Size, Share, Key Players, Revenue Growth & Analysis Report 2019 – 2029
Global Commercial Helicopter Market – Industry Analysis, Applications, Size, Share, Growth Report, Challenges, Drivers Trends, Company Overview, Opportunities and Forecast till 2029 is an in-house report currently in preparation at MarketResearch.biz. All information and data in the report has been verified and validated through industry experts. Research efforts include in-depth study of information gathered through extensive primary and secondary research efforts to ensure highest accuracy of findings. All historical, estimated, and projected revenue is presented to offer a clear understanding of the current and future scenarios. The report offers details of the various trends, growth factors, Y-O-Y growth rate, Compounded Annual Growth Rate (CAGR), as well as future forecast and revenue opportunities. The report includes company profiles of key players with in-depth information of recent developments, new strategies, and acquisitions and mergers. The global commercial helicopter market is segmented on the basis of type, number of engines, application, and regions and countries.
Commercial Helicopter: Introduction
Helicopters are aircraft with one or more power-driven horizontal propellers or rotors, which allow vertical takeoff and landing. These craft are capable of rising vertically, as well as moving in any direction. Helicopters can also remain stationary while in the air, and many other intricate maneuvers that cannot be done with other available craft currently. A vast number of helicopter types are currently available in the market. These range from small two-person private helicopters through larger helicopters with passenger-carrying capability. Even larger helicopters are used for transporting heavy loads to remote locations and sites. The four controls of a helicopter are collective pitch control, throttle control, anti-torque control, and cyclic pitch control.
Global Commercial Helicopter Market: Dynamics
Helicopters have been in use for decades and have proven to be rather useful for a variety of uses and applications. Helicopters are used for transportation, firefighting operations, rescue operations, military missions, defense operations, agriculture applications such as crop spraying, and a growing range of other applications. Owing to exceptional maneuverability, operations can be conducted in difficult to reach areas and locations.
Need for replacement of old commercial helicopters is a factor significantly influencing market growth as well as contributing to technology upgrades as well as newer more efficient designs and features etc. Other factors include high maintenance cost, performance erosion, contracted replacement cycles, and safety concerns. Air transport has become an essential mode of transportation for both, professional and leisure purposes. Challenges of using conventional modes of transport such as roadways and railways to reach a destination or location in remote areas represent substantial opportunities for growth of the global commercial helicopters market to a significant extent.
Growing tourism industry is expected to support demand and market growth globally. Commercial helicopters are finding growing use in the offshore oil & gas industry, for exploration as well as transportation of personnel and staff. However, stringent emission norms and high-cost associated with purchase and maintenance of helicopters can act as a challenge for market growth. Taxes on commercial helicopters in most countries is relatively high, and this can act as a potential restraint to market growth to an extent.
Enhanced speed and reduced noise are the two essential features to be considered by helicopter manufacturers while designing newer more advanced helicopters. Leasing companies and leasing options across the industry is anticipated to offer new possibilities for operators to expand respective commercial helicopter fleets.
Analysis by Segment: Global Commercial Helicopter Market
The global commercial helicopter market is segmented by product type, application, distribution channels, and regions.
By product type: Types of commercial helicopters analyzed in the report include light, medium, and heavy. Revenue from the light segment is projected to continue to maintain its dominance in terms of revenue share owing to increasing application is sectors for commercial aerial photography and videography, as well as for event logistics, and transport of equipment and personnel. The growing leisure tourism industry is expected to result in further demand for light commercial helicopters over the forecast period.
The medium segment accounts for major revenue share currently, and is expected to continue this trend over the forecast period. Mission versatility, cost-efficiency, and reduced maintenance cycle are factors expected to drive adoption of medium commercial helicopters. Medium-sized commercial helicopters are frequently used as a transportation option to reach remote areas and also play a crucial role by assisting in lifesaving mission such as Search and rescue (SAR) operations and during medical emergencies.
By Number of Engines:
On the basis of number of engines, the global commercial helicopter market is segmented into single-engine and multi-engine. Major manufacturers in the helicopter engine industry are investing significantly in R&D activities to design and develop more efficient engines for new-age helicopters using composite materials and advanced avionics.
North America is projected to account for largest revenue share, and is expected continue leading over the forecast period. The Clean Sky initiative is the way in which innovations in one aspect of its green technologies in the region involving public-private partnership between the European Commission and the European aeronautics industry is developing sophisticated technologies to manufacture environmentally friendly and quieter rotorcraft. North America accounted for majority revenue share in 2018, and is continue to register high growth over the forecast period. Replacement of aging helicopters, particularly in the US is a key factor driving growth of the North America market.
Asia Pacific is expected to register fastest CAGR over the forecast period. Factors such as increasing demand for rotorcraft from the tourism industry, relaxation in airspace restrictions, investment in indigenous aviation industry, and development of infrastructure in emerging economies in the region are among other factor supporting market growth. Sale of rotorcraft in countries in the Middle East & Africa is projected to incline steadily due to stable economic growth of some countries leveraging revenue generation from the oil and gas industry in the Middle East.
Global Commercial Helicopter Segmentation:
By Number of Engines:
- Oil & Gas
- Medical Services
- Tourism Industry
- Law Enforcement & Public Safety
- North America
- Asia Pacific
- South America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Airbus SE
- Textron Inc.
- Enstrom Helicopter Corp.
- Leonardo SpA
- MD Helicopters
- Robinson Helicopter Company
- Russian Helicopters
- Lockheed Martin Corporation
- Kaman Corporation
- Hindustan Aeronautics Limited (HAL)
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