Companies covered in Helicopter Market Are Airbus S.A. S (Netherlands), The Boeing Company (U.S.) Textron, Inc. (U.S.), Hindustan Aeronautics Limited (HAL) (India) Kawasaki Heavy Industries, Ltd (Japan) Leonardo SPA (Italy), Lockheed Martin Corporation (U.S.), MD Helicopters (U.S.), Robinson Helicopter Company (U.S.), Russian Helicopters, JSC (Russia) and more players profiled.
Pune, India, May 25, 2022 (GLOBE NEWSWIRE) -- The global helicopter market size was USD 45.21 billion in 2021. The market is expected to grow from USD 48.74 billion in 2022 to USD 74.46 billion in 2029 at a CAGR of 6.24% in the 2022-2029 period. This information is provided by Fortune Business Insights™, in its report titled, “Helicopter Market, 2022-2029.”
According to our researchers, the increasing focus of governments of various nations on securing the defense system of their respective nations is among the top reason that is supporting the product demand.
List of Key Players Covered in the Helicopter Market are:
Airbus S.A.S (Netherlands)
The Boeing Company (U.S.)
Textron, Inc. (U.S.)
Hindustan Aeronautics Limited (HAL) (India)
Kawasaki Heavy Industries, Ltd (Japan)
Leonardo SPA (Italy)
Lockheed Martin Corporation (U.S.)
MD Helicopters (U.S.)
Robinson Helicopter Company (U.S.)
Russian Helicopters, JSC (Russia)
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Market size value in 2022
USD 45.21 billion
Revenue forecast in 2029
USD 74.46 billion
CAGR of almost 6.24% 2022-2029
2018 - 2020
2022 - 2029
By Type, By System, and By Weight
Value (USD Billion), and Volume (Units)
Revenue in USD million/billion and CAGR from 2022 to 2029
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered
Companies covered in Helicopter Market Are Airbus S.A. S (Netherlands), The Boeing Company (U.S.) Textron, Inc. (U.S.), Hindustan Aeronautics Limited (HAL) (India) Kawasaki Heavy Industries, Ltd (Japan) Leonardo SPA (Italy), Lockheed Martin Corporation (U.S.), MD Helicopters (U.S.), Robinson Helicopter Company (U.S.), Russian Helicopters, JSC (Russia)
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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Browse Detailed Summary of Research Report with TOC:
Rising Government Expenditure on Border Security to Fast-track Heavy Weight Segment
Based on type, the market is segregated into civil & commercial and military.
On the basis of application, the market is classified into Emergency Medical Service (EMS), corporate service, search and rescue operations, defense, homeland security, oil and gas, and others.
In terms of system, the market is categorized into airframe, engine, avionics, landing gear system, and cabin interior.
By weight, the market is classified into lightweight, medium weight, and heavy weight. The heavy weight segment is anticipated to dominate the market during the forecast period.
By point of sale segment, the market is divided into OEM and aftermarket.
The market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Augmented Demand for Emergency Medical Service (EMS) and Search and Rescue (SAR) Helicopters to Spur Market Growth
Helicopters are expansively utilized in various applications in the military as well as commercial sectors. These days, there has been a surge in the product usage in applications such as Emergency Medical Services (EMS) and search and rescue, which boosts the helicopter market growth. Helicopter Emergency Medical Service (HEMS) and Search and Rescue (SAR) helicopters are utilized for an assortment of uses such as transportation of equipment, personnel, and patients.
North America to Dominate Backed by Huge Expenditure on Defense Requirements
North America held the largest helicopter market share and dominated the market in 2021 valued at USD 17.15 billion. The growth is owing to the highest defense spending, military modernization agendas, and a huge number of procurement of advanced lightweight helicopters from the U.S. Army.
Asia Pacific is estimated to depict notable growth during 2021-2028. The growth is backed by rising defense spending from developing economies such as China and India.
Europe will demonstrate remarkable growth, owing to the surging defense expenditure from the U.K., Germany, Russia, and other European nations.
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Detailed Table of Content:
Definitions and Assumptions
Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Supply Chain Analysis
Quantitative Insights-Impact of COVID-19 Pandemic on Global Helicopter Market
Impact of COVID-19 Pandemic on Global Helicopter Market
Steps Taken by Industry/Companies/Government to Overcome the Impact
Key Development in the industry in Response to COVID-19 Pandemic
Potential Opportunities due to COVID-19 Outbreak
Global Helicopter Market Analysis, Insights and Forecast, 2018-2029
Key Findings / Definitions
Market Analysis, Insights and Forecast – By Type
Civil & Commercial
Market Analysis, Insights and Forecast – By Application
Emergency Medical Services (EMS)
Search and Rescue Operation
Oil and Gas
Market Analysis, Insights and Forecast – By System
Landing Gear System
Market Analysis, Insights and Forecast – By Weight
Market Analysis, Insights and Forecast – By Point of Sale
Market Analysis, Insights and Forecast – By Region
Rest of the world
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Prime Players Engage in Considerable Deals to Make Notable Changes in Market
The players functioning in the market often employ several tactics that will assist the market growth and product demand. Among the pool of tactics, one such noteworthy strategy to expand the business prospect is engaging in multimillion contracts with government bodies and safeguarding a profitable revenue for their own company.
Key Industry Development
November 2021 – Lockheed Martin selected Rossell Techsys for support in the manufacturing of MH-60R multi-role helicopters destined for the Indian Navy. Rossell Techsys will support in Built to Print (BTP) production of Electric Wire Harness and Interconnect System (EWIS) for installation in MH-60 R helicopters.
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