Showing posts with label Commercial Helicopter Market. Show all posts
Showing posts with label Commercial Helicopter Market. Show all posts

COVID19 Impact Analysis on Helicopters Market | Industry Share, Size, Trends and Growth Opportunities

The increasing requirement of state-of-the-art helicopters is a major factor responsible for the ballooning sales of helicopters across the world. There have been numerous innovations and technological advancements in the emission systems, engines, and airframes of helicopters over the last few years, which have made the helicopters highly resilient and more sustainable. Moreover, the various technological advancements have massively improved the performance of helicopters in different weather conditions and made them highly sought after in various industrial applications such as in the oil and gas industry, wherein, the helicopters are heavily used for transportation purposes.

Due to the above-mentioned factors, the global helicopters market is expected to register huge growth in the coming years. There are mainly two types of helicopters used across the world— military and civil helicopters. Of these, the civil helicopters are predicted to record faster growth in usage in the future years. Moreover, this category is predicted to register faster growth in the helicopters market in future. Furthermore, the light civil helicopters are expected to generate the highest revenue in the helicopters market than the intermediate, medium, and large and heavy helicopters in the upcoming years.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/helicopters-market/report-sample

Geographically, the helicopters market is predicted to register exponential growth in North America over the next few years. This is mainly ascribed to the increasing investments being made by the governments of several countries for promoting the development of helicopters equipped with modern functionalities. In addition to this, the increasing requirement of helicopters in the oil and gas industry, especially in the U.S., is further boosting the growth of the helicopters market in the region.

Therefore, it can be said with confidence that the sales of helicopters will pick up tremendously all over the world in the forthcoming years, mainly because of their mushrooming utilization in various industrial and defense applications in many countries around the world.

GLOBAL HELICOPTER MARKET, BY TYPE

  • Military helicopter
    • By type
      • Heavy helicopter (>8.5t)
      • Medium helicopter (4.5t – 8.5t)
      • Light helicopter (<4.5t)
    • By application
      • Attack
      • Heavy cargo
      • Medium utility
      • Reconnaissance
      • Maritime
      • Search and Rescue
      • Light Utility
  • Civil helicopter
    • By type
      • Light helicopter (<3.1t)
      • Intermediate helicopter (3.1t – 5.7t)
      • Medium helicopter (5.7t – 9.0t)
      • Large & heavy helicopter (>9.0t)
Share:

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.
Share:

Popular Posts