Helicopters Market is expected to reach US$ 56,597.5 Million by 2028

Development of Unmanned Helicopters and Use of Advanced Materials and Technologies to Provide Growth Opportunities for Helicopters Market During 2021–2028

According to our latest market study on “Helicopters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Weight, and Application,” the market was valued at US$ 37,355.5 million in 2021, and it is projected to reach US$ 56,597.5 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.

Unmanned helicopters are intended to support both civilian and security missions. They are also capable of delivering cargo to hard-to-reach areas without airfields. Aeroscount is a company that develops such helicopters. The company provides autonomous/unmanned helicopters for various applications including airborne laser scanning (lidar), aerial imagery and photogrammetry, aerial video recording, surveillance and inspection, search & rescue, and aerial scientific measurements, with a remotely piloted aerial system. This heavy lift UAV (unmanned aerial vehicle) helicopter provides an exceptional payload capacity of 30 kg for 3 hours and up to 3,000 AMSL (10,000 ft), which can be used for customized solutions and requirements such as digital cameras, video camcorders, laser scanners, infrared, or hyperspectral camera equipment. The ILX-27 is yet another unmanned helicopter developed by Institute of Aviation in Warsaw and Air Force Institute of Technology (AFIT) – Polish scientific and research organization. It was first unveiled in 2012. Alpin is another long-range unmanned helicopter being developed jointly by UAVOS and TITRA, a Turkish engineering company.

Helicopters Market – by Geography, 2020 and 2028 (%)

The helicopters market is segmented based on type, weight, application, and geography. Based on type, the market is segmented into single rotor, multi rotor, and tilt rotor. In 2021, the single rotor segment accounted for the largest market share. In terms of weight, the market is segmented into light weight, medium weight, and heavy weight. In 2021, the medium weight segment accounted for the largest share in the market. Based on application, the market is segmented into commercial and civil and military. In 2021, the military segment accounted for a larger market share. Geographically, the global helicopters market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for the significant share in the global market.

Impact of COVID-19 Pandemic on Helicopters Market

The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China, which is one of the leading aerospace manufacturing countries in the region, was one of the most affected countries in APAC during Q1 of 2020. Due to this, aircraft and aircraft component manufacturing facilities have been severely affected. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkably lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players.

Airbus S.A.S., Leonardo S.p.A., Bell Textron Inc., Russian Helicopters, Lockheed Martin Corporation, Boeing, Enstrom Helicopter Corp., Kaman Corporation, MD Helicopters, Inc., and Robinson Helicopter Company are among the major companies operating in the helicopters market.

The report segments the global helicopters market as follows:

By type

• Single Rotor
• Multi Rotor
• Tilt Rotor

By weight

• Light Weight
• Medium Weight
• Heavy Weight

By application

• Commercial and Civil
  • Transport
  • Emergency Rescue
  • Utility
  • Training
• Military
  • Attack and Reconnaissance
  • Maritime
  • Transport Search and Rescue
  • Training

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Rest of SAM

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com