Overview:

The global helicopters market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. A helicopter is a type of aircraft having one or more electric horizontal propellers or rotors that make it to take off or land vertically. Also, it helps helicopter to move in any direction or remain stationary in the air. The helicopters play an important role in certain areas where fixed wing aircraft are not able to perform.

In addition, helicopters play an important role to deal in emergency situations such as natural disaster owing to its great mobility and lifting capacity.

Market Dynamics:

Growing demand for light helicopters for wide applications including emergency medical service is a key factor driving growth of the global helicopters market. Rising number of emergency medical cases and preference for medical or patient transport helicopters across the globe is resulting in growth of the target market.

In addition, rising demand for military helicopters due to increasing transnational dispute is another key factor driving growth of the global market. Additionally, rising focus on development of helicopter units in military sector in many countries is expected to fuel target market growth in the near future.

However, high cost associated with research and development for engine systems and metrological software may hamper growth of the global helicopter market during the forecast period. Nevertheless, growing old helicopter fleet replacement activities due to increasing maintenance cost, safety concerns, and performance erosion is among the other factor expected to offer lucrative growth opportunities for the key players in the global market.

Key Trends:

Growing focus on improvement of military helicopter strength by many countries is a key trend witnessed in the global helicopters market. For example, in June 2020, Morocco has ordered 24 Boeing AH-64E Apache helicopters under the contract signed by Boeing with the U.S. Army. The delivery of these helicopters is expected to initiate in the year 2024.

Regional Analysis:

For detailed understanding of market dynamics, the global helicopters market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in the year 2019, owing to presence of established market players coupled with increasing investment by government to improve helicopters units in the military sector.

However, the market in Asia Pacific is expected to register significant CAGR in during the forecast period owing to the increasing demand for military and commercial purpose helicopters in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Helicopters Market, By Point of Sale:

• OEM
• Aftermarket

Global Helicopters Market, By Type:

• Light
• Medium
• Heavy

Global Helicopters Market, By Number of Engine:

• Twin Engine
• Single Engine

Global Helicopters Market, By Application:

• Military
• Civil & Commercial

Key Players Covered:

Key players operating in the global helicopters market includes Airbus SE, The Boeing Company, Robinson Helicopter Company, Textron Inc., Lockheed Martin Corporation, Leonardo SpA, MD Helicopters Inc., Russian Helicopters JSC, Kaman Aircraft Corporation, and Hindustan Aeronautics Limited.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Helicopters Market by point of sale, type, number of engine, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global helicopters market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.