Global Helicopters Market By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By End-Use (Commercial [Transport, Medical Services, Search & Rescue, Offshore Sector], and Military [Reconnaissance, Maritime Surveillance]), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]) – Global Analysis & Forecast 2020-2030
Report ID : 412 | Published Date : Nov 2020 | Pages : 170 | Region : Global | Report Code : AT-20
Global Helicopters Market Overview and Introduction
A helicopter is also known as a chopper in the global market and is rotorcraft in which thrust and lift are supplied by the rotor itself. This thrust and lift allow the helicopter to land and take-off vertically as well as enables the helicopter to fly laterally, forward, and backward. These attributes and advantages allow the helicopter to be used in isolated and congested areas where fixed-wing aircraft are hard to operate and fly. Helicopters can be employed in emergencies as well since they offer enormous maneuverability especially in small spaces and can reach any affected area avoiding all the traffic on road as well as any natural calamity such as earthquakes and floods. The rising use of helicopters in transportation, touring, and VIP movement has fuelled the demand for helicopters over the past few years.
The rising demand for advanced helicopters is augmenting the helicopter market growth. Various technological enhancements have been implemented in the airframe, engine, and emission system of helicopters, thereby making them more sustainable and better performing in varying environmental conditions. The market is also witnessing a rising demand for high-performance helicopters from the oil and gas industry, for ferrying personnel between the land and offshore rigs. Therefore, the increasing use of helicopters across various industries has further led to an elevated demand for technologically advanced civil and military helicopters.
The growth of the aviation industry in emerging economies is presenting ample opportunities for market players. Since the aviation industry is witnessing a positive trend, particularly in countries such as China and India, Western original equipment manufacturers (OEMs) are strengthening their position here. Countries such as Indonesia and the Philippines have also shown a strong growth potential, as these countries are witnessing a rise in the demand for new helicopters, in addition to the rising need for replacing the aging fleet. Thus, emerging economies provide ample opportunities for the growth of the helicopter market.
The air traffic management market can be segmented into the following categories – By Component, By End-Use, By Sales Channel, and By Region
Global Air Traffic Management Market By Component
Based on the component, the market can be segmented aerostructures/airframes, the rotary system, engine, undercarriage, avionics, cabin interiors, environmental control system, and others. The avionics segment is projected to grow the market share significantly over the forecasted timeframe. The increasing applications of helicopters in the defense sector, commercial, and medical uses with the enhancement in avionics products are expected to propel the market share over the coming years. The manufacturers are offering contracts to develop smart avionics technologies to provide highly advanced products with more efficiency and reliability. For instance, in June 2017, Airbus Helicopters awarded a contract to Esterline Corporation, to supply enhanced avionics such as navigation capabilities, radio management, and smart multi-function displays. The contract further supplies the upgraded helicopters to German Armed Forces, CH-53GS/GE Sea Stallion helicopters.
Global Air Traffic Management Market By End-Use
Based on technology, the market can be classified as commercial and military. The demand for helicopters is growing in the commercial, government, and defense sectors. The commercial application is anticipated to hold a major share in the helicopter market over the forecasted timeframe. Helicopters are deployed predominantly for security, Search and Rescue (SAR), surveillance, and defense purposes due to their capability of vertically taking off & landing. This helps military and disaster management teams to successfully conduct quick rescue operations in hard to reach places. Governments worldwide are increasingly buying helicopters that can be used for air medical service and SAR operations due to their capabilities of high speed, low flying, and flying over difficult terrains in a hostile climate. For instance, in July 2019, the Romanian Ministry of Interior and Airbus helicopters signed a contract for the purchase of three H135 helicopters and associated support & services. These helicopters will be used for air medical service and SAR operations. The Romania nation is anticipated to procure about 10 H135s in future years. The helicopter is procured by more than 1,300 customers around the world.
Global Air Traffic Management Market By Sales Channel
Based on the platform, the market can be classified as Original Equipment Manufacturers (OEMs) and Maintenance, Repair, and Overhaul (MRO). The OEM segment is anticipated to showcase growth due to the increasing number of orders from airline service providers to helicopter manufacturers, boosting the OEM segment in the helicopter market during the forecast timeframe. The service providers are engaged in offering contracts to several key manufacturers in the market such as Airbus, Bell Helicopters, Robinson Helicopters, and Boeing that is supporting the increase in helicopter fleet in the regions. For instance, in June 2020, Boeing received an order for 24 of its AH-64E Apache Helicopters from Morocco. The company will build and deliver the new Moroccan Apaches under a contract with the US Army through the US government’s Foreign Military Sales process. Moreover, in June 2019, Boeing was awarded a contract for next-generation MH-47G Chinooks for the US Army Special Operations Aviation Command. A total of 15 MH-47G Block II Chinooks are to be delivered under this contract.
Global Air Traffic Management Market by Region
Based on the region, the market can be segmented as North America, Europe, Asia Pacific, and Rest of the World (RoW). The North American region is expected to dominate the market share due to the presence of major helicopter manufacturers such as Bell Helicopter, Textron Inc., Boeing, and Lockheed Martin Corporation. The increasing demand for transport helicopters in the North American region is another factor supporting market growth. The region is projected to lead the helicopter market during the forecast period due to the mature helicopter market in the US. The US is a promising country for helicopter OEMs as the government is investing increasingly to enhance the quality and effectiveness of helicopters and their systems.
Global Air Traffic Management Market Prominent Players
Some of the major players present in the helicopter market include Airbus Helicopters S.A.S, Bell Helicopters, Boeing, CHC Helicopters, Hindustan Aeronautics Limited, Kawasaki Heavy Industries Ltd., Leonardo S.p. A, Lockheed Martin Corporation, Mitsubishi Heavy Industries Ltd., and Robinson Helicopter. Several major industry participants in the market are focusing on forging new long-term strategic alliances to new business avenues and enhance their market share. For instance, in October 2019, Boeing received a PBL contract for the AH-64D/E Apache Attack helicopter worth USD 164.40 million.