Europe Helicopters Market Overview and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

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

Report Date : Jul 2021
Report Code : TIPRE00023533

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 145

Page Updated: Jul 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Europe helicopters market is expected to grow from US$ 10,443.48 million in 2021 to US$ 16,383.49 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Rising military expenditure on advanced and lightweight helicopters is expected to escalate the market growth. 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 Europe are investing substantial amounts in newer technologies, including advanced helicopters. This factor is boosting the growth of the Europe helicopter market. Government of these countries are looking to acquire new and advanced helicopters as a part of their upgrade and renewal process. For instance, in 2019, the UK National Police Air Service (NPAS) started procuring a batch of new helicopters. So, the growing demand of helicopters due to different purposes is expected to drive the Europe helicopters market growth.

In case of COVID-19, Europe is highly affected specially the Russia and UK. In Europe, several countries have been experiencing a continuous surge in the number of COVID-19 infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The COVID-19 outbreak has affected each aviation business stakeholders' business in the region. Several contracts to acquire helicopters and aircraft were suspended in order to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has negatively affected the European and international helicopter market players. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturers (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the Helicopter market players' businesses have been severely affected across Europe region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe helicopters market. The Europe helicopters market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Helicopters Market Segmentation

Europe Helicopters Market – By Type

Single Rotor
Multi Rotor
Tilt Rotor

Europe Helicopters Market – By Weight

Light Weight
Medium Weight
Heavy Weight

Europe Helicopters Market – By Application

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

Europe Helicopters Market, by Country

Germany
France
Italy
UK
Russia
Rest of Europe

Europe Helicopters Market -Companies Mentioned

Airbus S.A.S.
Bell Textron Inc.
Boeing
Enstrom Helicopter Corp.
Kaman Corporation
Leonardo S.p.A.
Lockheed Martin Corporation
MD Helicopters, Inc.
Russian Helicopters

Europe Helicopters Report Scope

Report Attribute	Details
Market size in 2021	US$ 10,443.48 Million
Market Size by 2028	US$ 16,383.49 Million
CAGR (2021 - 2028)	6.6%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Single Rotor Multi Rotor Tilt Rotor By Weight Light Weight Medium Weight Heavy Weight By Application Commercial & Civil and Military
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Airbus S.A.S. Bell Textron Inc. Boeing Enstrom Helicopter Corp. Kaman Corporation Leonardo S.p.A. Lockheed Martin Corporation MD Helicopters, Inc. Russian Helicopters

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Helicopters Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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