Helicopter Market Size By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI4576  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 240   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Helicopter Market size surpassed USD 40 billion in 2019 and is poised to grow at a CAGR of over 3% between 2020 and 2026. Multiple scope of application in commercial and military along with capabilities of helicopters to operate in hostile environment is propelling the market growth.
 

Helicopter Market

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Helicopters have significant contribution in the military sector with their major scope of application in Medical Evacuation (MEDEVAC), Combat Search and Rescue (CSAR), airborne command post, and mitigating ground threats through aerial attacks. Such wide scope of application along with its capability to modify transport helicopter according to the military requirement is a major industry accelerator.
 

Helicopters are enabling transportation in remote locations, thereby improving search & rescue and medical emergency services. Capability to operate in hostile environment where aircraft and land transportation facilities are unable to function is improving the industry statistics.
 

Helicopter Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 40 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3% 2026 Value Projection: 55 Billion (USD)
Pages: 240 Tables, Charts & Figures: 318
Geographies covered (24): U.S., Germany, U.K, Germany, France, Russia, Italy, Spain, Poland, China, India, Japan, South Korea, Australia, Singapore, Saudi Arabia, Qatar, UAE, South Africa, Israel, Turkey, Mexico, Brazil, Argentina
Segments covered: By Component, By End-Use, By Sales Channel and Region
Companies covered (30): Airbus Helicopters S.A.S, Babcock International Group PLC, Bell Helicopters, CHC Helicopters, Columbia Helicopters, Ehang, Gulf Helicopters, Hindustan Aeronautics Limited (HAL), Joby Aviation, Kaman Corporation, Karem Aircraft, Kawasaki Heavy Industries Ltd., Kitty Hawk, Korea Aerospace Industries Ltd., Leonardo S.p.A, Lilium, Lockheed Martin Corporation, Lufttransport, Md Helicopters, Inc., Mitsubishi Heavy Industries Ltd., Neva Aerospace, Opener, Petroleum Helicopters International Inc., Robinson Helicopter, Russian Helicopter, JSC, Boeing, Universal Helicopters, Vietnam Helicopter Corporation, Volocopter, Workhorse Group
Growth Drivers:
  • Increasing demand to modify, upgrade or replace aging helicopter fleet across the globe
  • Increasing demand for Emergency Medical Services (EMS)
  • Rising government efforts to develop indigenous manufacturing capabilities in Asia Pacific
  • Changing government regulations for air worthiness of helicopters
  • Integration of various technology in helicopters
  • Increasing recreational activities
Pitfalls & Challenges:
  • High operational and R&D cost
  • Limited to short range transportation

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Adoption of helicopters in disaster management will improve opportunities

The OEM segment held over 60% of the market share in 2019. The OEM sales channel will demonstrate maximum market share whereas the MRO segment in the helicopter market will demonstrate maximum growth rate of more than 3% through 2026.
 

The rising scope of applications in helicopter will improve the OEM’s whereas the requirement to upgrade the existing system will propel the MRO sales channel.
 

The average lifespan of a helicopter is approximately 20 years. There are several regulatory and technological reforms, which are induced within a span of 20 years. In order to maintain the air worthiness of helicopter with current market opportunities, there is significant MRO requirements.
 

For instance, in January 2020, various nations issued a mandate for the compulsion of ADS-B transmitter/receiver for aircraft. Though there are no current mandatory requirements for helicopter, a number of helicopter owners installed ADS-B through MRO to improve their airworthiness. Such incidents will stimulate the industry growth.
 

Changing government regulations and customer preferences regarding airworthiness of helicopter will enhance avionics sector growth

Helciopter Market By End-use

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The military segment in the helicopter industry will witness high gains of around 3% till 2026. The growth can be attributed to increasing military expenditure at the global level to strengthen military capabilities. Helicopters can be easily modified as per their scope of application, catering to larger market share.
 

For instance, the Kawasaki BK117 helicopter can be used as a transport helicopter, firefighting helicopter, EMS helicopter, and media helicopter with minor modifications.
 

Technological advancements and modifications in defense helicopter will provide a positive impact to the MRO segment as well. Introduction of new developments, such as fly-by-wire controls, advanced Condition-Based Maintenance (CBM), advanced turbine engine, and Usage Monitoring Systems (HUMS), will lead to a massive expansion of the market.
 

Technological advancement in helicopter will impact the U.S. defense industry

North America Helicopter Market By End-use

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The North America helicopter market size is set to grow at a CAGR of over 3% during the forecast timeframe. The growth can be attributed to the rising requirement to modify and upgrade the nation’s existing defense fleet. Majority of the U.S. helicopter fleet are obsolete and require a major upgradation.
 

Except for V-22, there has been no major addition in military helicopter fleet since 1980. The U.S. Department of Defense (DoD) is planning to eliminate this gap through significant investments in R&D of vertical lift vehicles. Various programs pertaining to R&D, technological advancements, and modernization of vertical lift vehicles have been initiated by DoD, which will help augment market demand.
 

Government initiatives driving the Asia Pacific market revenue

Asia Pacific held over 23% of the helicopter market share in 2019, spurred by growing investments by governments in defense, private as well as public sectors. Efforts of various governments across Asia Pacific to develop indigenous manufacturing capabilities are improving market prospects.
 

In 2018, China added 89 helicopters in its existing fleet, making it the largest market of APAC with a growth rate of 14% YoY. The growth can be attributed to favorable government policies pertaining to FDI.
 

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.
 

Players are focusing on regional market by providing Performance Based Logistics (PBL) contract

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 AH-64D/E Apache Attack helicopter worth USD 164.40 million.
 

As per the PBL contract, Boeing will receive an amount depending upon several specific outcomes such as the number of hours in air and level of readiness of this helicopter. This contract ensures air worthiness of the helicopter fleet over a long period of time.
 

The major market leaders include Airbus Helicopters SAS, Babcock International Group PLC, Bell Helicopter, CHC Helicopter, Columbia Helicopters, Ehang, Gulf Helicopters, Hindustan Aeronautics Limited (HAL), Joby Aviation, Kaman Corporation, Karem Aircraft, Kawasaki Heavy Industries, Ltd., Kitty Hawk, Korea Aerospace Industries, Ltd., Lilium, Lockheed Martin Corporation, Lufttransport, Md Helicopters, Inc., Mitsubishi Heavy Industries, Ltd., Neva Aerospace, Opener, Petroleum Helicopters International, Inc., Robinson Helicopter Company, Russian Helicopters, JSC, Boeing, Universal Helicopters, Vietnam Helicopter Corporation, Volocopter, and Workhorse Group.
 

The helicopter market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market by End-Use

  • Commercial
    • Transport
    • Medical Services/Search & Rescue
    • Offshore Sector
    • Others
  • Military
    • Reconnaissance
    • Maritime Surveillance
    • Others

Market by Component

  • Aerostructures/Airframe
  • Rotary System
  • Engine
  • Undercarriage
  • Avionics
  • Cabin Interiors
  • Environmental Control Systems
  • Others

Market by Sales Channel

  • OEM
  • Maintenance, Repair and Overhaul (MRO)

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
  • MEA
    • Saudi Arabia
    • Qatar
    • UAE
    • South Africa
    • Israel
    • Turkey
  • Latin America
    • Mexico
    • Brazil
    • Argentina

 

Frequently Asked Questions (FAQ) :

The market size of helicopter was surpassed USD 40 billion in 2019.
The industry share of helicopter is poised to grow at a CAGR of over 3% between 2020 and 2026.
The North America market is set to grow at a CAGR of over 3% during the forecast timeframe owing to rising requirement of North America to modify and upgrade its existing defense fleet.
The military application segment in the market will witness high gains of around 3% till 2026 led by increasing military expenditure at the global level to strengthen military capabilities.
According to this research report, the OEM segment dominated the industry share of over 60% in 2019.
The APAC region held over 23% market share in 2019 spurred by growing investments by governments in defense, private as well as public sectors.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 240
  • Tables: 281
  • Charts / Figures: 37
  • Companies covered: 30
  • Countries covered: 24

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