Global Helicopter Market Insights Forecasts to 2032

• The Global Helicopter Market Size was valued at USD 56.48 billion in 2022.
• The Market is growing at a CAGR of 3.9% from 2022 to 2032
• The Worldwide Helicopter Market Size is expected to reach USD 82.96 billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

 

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The Global Helicopter Market is anticipated to exceed USD 82.96 billion by 2032, growing at a CAGR of 3.9% from 2022 to 2032. The expanding need for helicopters in the emergency medical services (EMS), law enforcement, and oil and gas industries, as well as the growing requirement for military helicopters, are some of the primary influences driving market expansion.   

 

Market Overview

A helicopter is a type of vertical take-off and landing (VTOL) aircraft that generates lift and propulsion through a combination of horizontal rotors, enabling it to take off, hover, and move in every direction, involving ahead, backward, and sideways. They are classified into civil, commercial, and military. Helicopters are used for a variety of purposes, including search operations, air ambulance providers, rescue services, military missions, oil and gas operations, and corporate travel. Aerial photography, aerial surveys, and cargo transportation are also common uses. They are suitable for operations in hard-to-reach places such as remote locations and disaster areas due to their versatility. The main rotor offers a lift to the aircraft, and the rotor at the tail opposes the force produced by the main rotor, permitting the aircraft to maintain control and stability. The blades of the main rotor have shapes like airfoils and are set up to generate lift as they spin. From 2023 to 2032, the worldwide helicopter market is expected to rise due to increased demand from the defence and commercial sectors.

 

Report Coverage

This research report categorizes the market for the global helicopter market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the helicopter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the helicopter market.

 

Driving Factors

The demand for helicopters in civil applications has been on the rise. Helicopters are widely used in industries such as tourism, emergency medical services, search and rescue operations, offshore oil and gas exploration, and law enforcement. The growth in these sectors, coupled with the need for efficient and reliable transportation, has led to an increased demand for helicopters. The demand for helicopters in the emergency medical services (EMS) sector has been increasing globally. Helicopters equipped with medical facilities can quickly transport critically ill or injured patients to hospitals, especially in remote areas with limited accessibility. The emphasis on improving emergency response times and providing timely medical assistance has driven the demand for helicopters in the EMS sector.

 

Restraining Factors

Helicopters are complex and expensive machines, both in terms of acquisition and ongoing operational costs. The initial purchase cost of helicopters is significantly higher compared to other modes of transportation, making it a significant barrier for potential buyers. Additionally, maintenance, fuel, and pilot training costs add to the overall operational expenses. These high costs can restrain the growth of the helicopter market, particularly in price-sensitive sectors or regions with limited financial resources. 

 

Market Segmentation

 

The Global Helicopter Market share is classified into type, weight, and application.

 

• The civil & commercial segment is expected to hold the largest share of the global helicopter market during the forecast period.    

The global helicopter market is categorized into civil and commercial and military segments. Among these, the civil & commercial segment is expected to hold the largest share of the global helicopter market during the forecast period. The growth can be attributed due to an increasing need for emergency services and a growing need for air transportation. The demand for efficient and quick transportation grows as the population grows and urban areas expand.  

 

The military segment is expected to grow moderately during the forecast period. The market is growing as an aging fleet is replaced and modernized, as well as increased use in disaster relief and humanitarian missions.

 

• The light weight segment holds the largest share of the global helicopter market in 2022.

Based on the weight, the global helicopter market is divided into light, medium, and heavy. Among these, the light weight segment holds the largest share of the global helicopter market in 2022. The segmental growth can be attributed due to the rising demand for civil as well as commercial helicopters for sight-seeing, aerial imagery, and transportation of small parties and cargo. A lightweight rotorcraft has a maximum take-off weight of less than 6,000 pounds and is small, agile, and easy to fly.             

 

• The emergency medical service segment witnessing the highest growth rate in the global helicopter market during the forecast period. 

The global helicopter market is divided into segments based on application: emergency medical service, corporate service, search and rescue operation, oil & gas, defense, homeland security, and others. Among these, the emergency medical service segment is anticipated to expand at the fastest rate in the global helicopter market over the projected period. The increase can be attributed to rising demand in healthcare applications. Airborne medical services can travel faster and cover a larger area than traditional ambulances, making them especially useful in sparsely populated rural areas.          

 

Regional Segment Analysis of the Global Helicopter Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global helicopter market over the predicted timeframe.

 

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North America is projected to hold the largest share of the global helicopter market over the predicted years. The United States, in particular, dominates this region with its robust defense sector, extensive offshore operations, emergency medical services (EMS), and search and rescue missions. The U.S. military's demand for helicopters, including utility, attack, and heavy-lift helicopters, drives a substantial portion of the market. Furthermore, offshore oil and gas exploration activities in the Gulf of Mexico create a significant need for helicopters to transport personnel and equipment to offshore platforms. The EMS sector also contributes to the demand for helicopters, as they are crucial in providing timely medical assistance in remote areas.

 

Asia Pacific is expected to grow at the fastest pace in the global helicopter market during the forecast period. The Asia Pacific region is witnessing rapid growth in the helicopter market, primarily driven by economic expansion, increasing urbanization, and infrastructure development. Countries such as China, India, Japan, and Australia are key contributors to the regional market. The demand for helicopters in Asia Pacific stems from applications such as offshore operations, law enforcement, tourism, and emergency services. Moreover, rising air traffic congestion in major cities has led to an increased emphasis on helicopters for transportation and emergency response purposes.

 

The Middle East and Africa region exhibit varying demand patterns for helicopters. In the Middle East, countries like Saudi Arabia, the United Arab Emirates, and Qatar drive the demand due to their robust defense budgets, offshore operations, and VIP transportation requirements. Africa, on the other hand, experiences demand for helicopters in sectors such as mining, wildlife conservation, and humanitarian aid, as the continent possesses vast natural resources and remote areas that require aerial access.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global helicopter along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Airbus S.A.S 
• Textron Inc. 
• Leonardo S.p.A. 
• Lockheed Martin Corporation 
• The Boeing Company 
• MD Helicopters, Inc.
• Rostec 
• The Robinson Helicopter Company 
• Kawasaki Heavy Industries Ltd. 
• Hindustan Aeronautics Limited. 
• Kaman Corporation 
• Bell Helicopters
• Sirkorsky-Lockheed Martin
• Russian Helicopters
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In February 2023, Hindustan Aeronautics Limited (HAL), a state-owned aerospace and defence company based in India, has opened a new manufacturing facility in Karnataka. Over the next two decades, HAL plans to manufacture over 1,000 rotary-wing aircraft with varying load capacities, generating a total revenue of more than USD 4 billion.

 

• In December 2022, The United States Army has awarded Bell Textron Inc. a contract to build a new long-range assault aircraft. The contract, worth up to USD 1.3 billion, was won against a joint team of Lockheed Martin Corp. and Boeing Co. and will involve the replacement of the famous Black Hawk helicopters by 2030.

 

• In July 2022, Elbit Systems Ltd., an Israeli international defence electronics company, has introduced an innovative vision suite for military rotorcrafts (fifth-generation aircraft technology). The most recent suite includes a sophisticated set of sensors, a mission computer powered by Artificial Intelligence (AI), and a distinctive Helmet Mounted Display (HMD) system.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Helicopter Market based on the below-mentioned segments: 

 

Global Helicopter Market, By Type

• Civil & Commercial
• Military

 

Global Helicopter Market, By Weight

• Light
• Medium
• Heavy

 

Global Helicopter Market, By Application

• Emergency Medical Service
• Corporate Service
• Search and Rescue Operation
• Oil & Gas
• Defense
• Homeland Security
• Others

 

Global Helicopter Market, By Point of Sale

• New
• Pre-Owned

 

Global Helicopter Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa