Helicopters Market Size Incredible Possibilities And Growth Analysis


Helicopters Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Single Rotor, Multi Rotor, and Tilt Rotor), Weight (Light Weight, Medium Weight, and Heavy Weight), and Application (Commercial and Civil, and Military)

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The Helicopters Market expected to grow from US$ 37,355.5 million in 2021 to US$ 56,597.5 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

The global helicopters market is experiencing high technological advancements in the manufacturing of new and advanced helicopters. The Heli-Expo 2017, held in Texas, reveled the various technological advancements adopted in the helicopter industry. The major advancements observed in the helicopters are single engine operation; Usage of untraditional tail rotor without horizontal stabilizers; utilization of civil tilt rotor. Offshore helicopter service has propelled the market's growth using commercial helicopters for medical and emergency rescue services. The tourism industry's increased leasing and purchase contracts are boosting the commercial helicopter market's growth. However, the market's growth is hampered by stringent regulations and high costs associated with these helicopters. However, the limited adoption of advanced helicopters across developing countries is expected to impact the growth of the helicopters market over the years. Helicopters are suitable for lifting operations in rigid environments, such as helicopter logging, ski-lift installations, power line building, and logistical support for remote construction sites, and have multi-mission capabilities. Another significant driving factor for the growth of the helicopter market during the forecast period is the growing use of helicopters in the field of firefighting.

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According to the new research report titled “Helicopters Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 56,597.5 million by 2028, registering a CAGR of 6.1% from 2021 to 2028.

The swift change in modern-day warfare has been urging the governments to allocate higher amounts toward respective military forces. The budget allocated to military helps the military forces to engage themselves in the development of robust indigenous technologies and procurement of advanced weapons, armaments, vehicles, and other equipment from international manufacturers. There is a rise in modernization of soldiers and military vehicles among most of the military forces in order to keep the personnel and vehicles mission ready. With an objective to modernize soldiers and vehicles, the defense ministries across the globe are investing substantial amounts in newer technologies, including advanced helicopters. This factor is boosting the growth of the global helicopter market. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure rose to US$ 1,917 billion in 2019, which represents 3.6% increase from 2018. The key countries in 2019, which accounted for 62% of expenditure, include the US, China, India, Russia, and Saudi Arabia.

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The global helicopters market is segmented into type, weight, application, and geography. In terms of type, the helicopters market is bifurcated into single rotor, multi-rotor and tilt-rotor. Based on weight, the helicopters market is categorized into light weight, medium weight, heavy weight. Based on application, the helicopters market is categorized into commercial civil and military. Additionally, based on region, the helicopters market is segmented into North America, Europe, Asia Pacific, Middle East Africa, and South America.

The List of Companies - Helicopters Market

  1. Airbus S.A.S.
  2. Leonardo S.p.A.
  3. Bell Textron Inc.
  4. Russian Helicopters
  5. Lockheed Martin Corporation
  6. Boeing
  7. Enstrom Helicopter Corp.
  8. Kaman Corporation
  9. MD Helicopters, Inc.
  10. Robinson Helicopter Company

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