Global Helicopters Market is anticipated to grow at a CAGR of XX% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global Helicopters Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Helicopters Market accounted for over US$ XXX million in 2019. It is anticipated to grow at a CAGR of XX% from 2020 to 2030.
The global helicopter market is expected to grow as these flying machines have cost-effective maintenance that will positively impact the overall growth of the market. A simple design and usage of minimum moving parts in the Helicopter in comparison with the winged aircraft and planes is one of the prominent advantages for the increasing adoption of Helicopters in the aerospace sector. Moreover, the Helicopter has a less complicated operation of the engine which gives better reliability.
The increasing per capita income coupled with the aging fleet is expected to fuel the demand for the global helicopter market. Moreover, the growing tourism industry is further expected to upsurge the demand for the commercial helicopter market during the forecast period. However, stringent emission norms and high costs associated with helicopters can act as challenges for the growth of the helicopter market. Most of the countries impose a tax on commercial helicopters, thereby hampering the growth to an extent.
The industry participants in the global helicopter market have taken several strategic initiatives such as product launches, acquisitions, and collaborations that will help to gain a competitive edge in the industry. Furthermore, in November 2016, Bell Helicopter Textron Inc. announced the launch of Bell 206 polycarbonate windshield, approved by Transport Canada (TCCA). Van Horn Aviation got the TCCA approval for the 206B composite main rotor blade. These products are available through Bell Helicopter’s Aeronautical Accessories brand for installation for Canadian operators.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/global-helicopters-market/412
The service providing companies in the helicopter market across the globe is securing deals with manufacturers to deploy them for several uses such as offshore Oil & Gas operations, VIP transportation, and other utility duties. For instance, in June 2019, Pawan Hans Limited (PHL) and Airbus Helicopters signed a Memorandum of Understanding (MoU) which included procuring H145 & H225 helicopters to PHL’s existing fleet. The agreement also includes that Airbus Helicopters will provide repair, maintenance & overhaul of its existing AS365N Dauphin helicopters.
The players with a strong base in North America are engaged in securing hefty deals from several countries to design & manufacture heavy helicopters that support vital missions of defense forces around the world. For instance, in 2018, Boeing was awarded a USD 4.2 billion contract to produce 58 tiltrotors for the government of Japan and the U.S. Marines, Navy & Air Force. Additionally, in 2018, U.S. Air Force selected MH-139 of Boeing to replace its fleet of UH-1N Huey helicopters. The contract includes the procurement of approximately 84 helicopters which was valued at USD 2.4 billion.
The Asia Pacific region is anticipated to grow the helicopter market share over the coming years. The growing investments by governments in defense, private as well as public sectors. Efforts of various governments across the Asia Pacific to develop indigenous manufacturing capabilities are improving market prospects. For instance, In 2018, China added 89 helicopters to its existing fleet. The growth can be attributed to favorable government policies pertaining to FDI. Moreover, In 2017, China portrayed approximately 60 preferential policies in the general aviation sector claiming to meet the requirement for search & rescue, short-term aviation, private flights, and entertainment. With respect to these changes, Bell Helicopter estimated that its fleet of 160 helicopters in June 2019 will double by 2022.
Some of the prominent players 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 Helicopters.
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