Showing posts with label Civil Helicopter Demand in Market. Show all posts
Showing posts with label Civil Helicopter Demand in Market. Show all posts

Expanding Helicopter Business in Globally- Business Outlook


The increasing demand for technologically advanced helicopters and aging helicopter fleet and anti-terrorism initiatives are two of the factors contributing to the growth of the helicopters market. The market is predicted to advance at a CAGR of 3.4% during the forecast period (2017–2023). Based on type, the market is bifurcated into military and civil helicopters. Of these, during the historical period (2013–2016), the military bifurcation led the market in terms of revenue, and it is expected to continue leading it during the forecast period.

This is attributed to its high value-to-volume ratio, growing demand from the developing countries in Asia-Pacific (APAC), and surging adoption of advanced defense equipment. The military helicopter bifurcation is further divided into light, medium, and heavy. Out of these, during 2013–2016, the heavy division dominated the helicopters market in terms of revenue, and it is predicted to maintain its dominance during 2017–2023. Heavy military helicopters are helicopters with a maximum takeoff weight greater than 8,500 kg. These helicopters are widely used for transport, logistics, and utility operations in the military.

Based on region, the helicopters market is categorized into North America, APAC, Latin America (LATAM), Europe, and Middle East & Africa. Among these, during the 2013–2016 period, North America dominated the market, and it is expected to continue dominating it during 2017–2023. The retirement of old-generation helicopters is predicted to offer huge opportunities to the market in North America. The developing countries of LATAM and APAC, mainly, China, India, and Brazil, are projected to generate a high demand for civil helicopters for tourism, law enforcement, and medical services.

Owing to the several advancements in the technology of the engine, airframe, and mission systems, helicopters have become more resilient, efficient in harsh environments, and safe to fly. Furthermore, due to the improved capabilities pertaining to territorial surveillance, crime prevention, and natural disaster assistance, the demand for civil helicopters is also on the rise. Military helicopters are also predicted to be equipped with various technological developments with the advent of tilt rotorcrafts and compound helicopters that can offer better operational efficiency.

Some of the upgraded technologies that are being introduced in the helicopters market include computation structural dynamics modelling, fly by wire controls, health and usage monitoring systems, advanced condition-based maintenance (CBM), and advanced turbine engine programs. In recent years, it has been witnessed that the application of helicopters has increased across various sub-industries, including air ambulance, aerial services, and medical services. In addition, due to the rising demand for high-performance helicopters from the oil and gas sector, the market is observing significant growth.



Furthermore, the market in the U.S. is witnessing growth due to the global war against terrorism. Conflicts in nations such as Afghanistan and Iraq have been encouraging the U.S. military to buy new helicopters and upgrade the existing ones at the same time. In the U.S., in 2018, the government announced an increase of $54.0 billion in the defense budget, adding a considerable amount for procuring new aircraft such as helicopters. Thus, the surged budget acts as a key driver for the growth of the helicopters sector.

Thus, the replacement of aging helicopters, increasing anti-terrorism initiatives, and accelerating demand for technologically better helicopters are some of the factors contributing to the growth of the market.
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