Global Helicopters Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033 (COVID-19 Impact Analysis)

“Global Helicopters Market is anticipated to be valued at US$ 51.4 billion in 2023 and is projected to reach a value of US$ 97.1 billion in 2033, growing at a CAGR of 6.58% during the forecast period 2023 to 2033."

Market Overview:

MarketResearch.biz delivers in-depth insights on the global helicopters market in its upcoming report titled,The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2033. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global helicopters market report has been segmented on the basis of type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Helicopter, is an aircraft also known as chopper, helo, and chopter. It has one or two rotating blades that help to lift the aircraft in the air, allowing it to hover and move in forward or backward direction. Smaller blades placed on the tail of the helicopter help to stabilize the aircraft. Aircraft are designed according to the its applications. It can lift itself in the air with the help of rotor blades without moving forward. Its key advantage is that it doesn’t require a runway to take-off or land. It can also land and take off in any remote location. Helicopter are used for military, as well as commercial purposes.

Rising demand of helicopters for transport, medical emergency, law enforcement and public safety is a major factor driving growth of the global helicopters market. Increasing military budget in developing countries, coupled with high adoption of technologically advanced helicopters is resulting in increasing demand for military helicopters. Helicopters are also used in search and rescue operations and tactical purpose in military.

Increasing preference for lightweight aircrafts among consumers is another factor fueling growth global helicopters market. Furthermore, growing adoption of helicopters in emerging economies for commercial purpose and increasing demand for fuel efficient aircraft engines are factors anticipated to boost growth of the global market in the near future.

However, budget cuts for defense sector in developed countries is a factor that may hamper growth of the global helicopters market. In addition, stringent government regulations on manufacturing of helicopters may effect growth of the global market.

Nevertheless, development of fuel efficient aircrafts with new technology and introduction of renewable energy sources for helicopters can create high revenue opportunities for players in the target market.

Market in North America accounts for largest market share in terms of revenue and expected to maintain its dominance in the near future. Increasing use of helicopters for commercial and civil purposes is a key factor driving growth of the target market in this region. Market in Europe account for second-highest share in the global market in terms of revenue. Revenue of Asia Pacific market is expected to witness high growth over the forecast period, followed by Middle East and Africa and Latin America.

Competitive Landscape:

The global helicopter market is highly competitive, with several players operating in the industry. Some of the leading companies in the helicopter market include:

• • Airbus Helicopters Inc.
  • Bell Helicopter Textron Inc.
  • Helicopters JSC
  • Leonardo S.p.A.
  • Lockheed Martin Corporation - Sikorsky
  • Kawasaki Heavy Industries, Ltd.
  • Columbia Helicopters, Inc.
  • The Boeing Company
  • MD Helicopters, Inc.
  • Korea Aerospace Industries, Ltd.

These companies manufacture a range of helicopters for various applications such as military, law enforcement, medical transport, offshore transportation, Aerospace & Defense, and tourism. The market is also witnessing the emergence of new players as the demand for unmanned aerial vehicles (UAVs) or drones increases.

Global Helicopters Market Segmentation:

Segmentation by type:

• Light
• Medium Lift
• Heavy Lift

Segmentation by application:

• Civil and Commercial
• Transport
• Rescue and Medical Support
• Civil Utility
• Military
• Attack
• Maritime
• Medical
• Search and rescue
• Training

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa