Helicopter MRO Market Share Report - Outlook & Forecast 2030

Helicopter MRO Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, and Line Maintenance), Helicopter Type (Light Helicopter, Medium Helicopter, and Heavy Helicopter), End Users (Commercial and Military), and Geography

Publication Month : Dec 2023

  • Report Code : TIPRE00019086
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 168
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[Research Report] The helicopter MRO market was valued at US$ 27,641.75 million in 2022 and is projected to reach US$ 42,742.32 million by 2030; it is expected to record a CAGR of 5.60% during 2022–2030.

 

Analyst Perspective:

The global helicopter MRO market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Increasing sales of civil helicopters for the protection of the country’s land across different regions drives the helicopter MRO market growth. According to the Helicopter Industry Association, in 2022, globally, more than 38,536 civil helicopters were present, with the largest number across North America and Asia Pacific. North America has the largest share in number of civil helicopters. These helicopters require time-to-time maintenance, repair, and overhaul to fly safely in the air. In North America, the US has the largest number of military helicopters in service, reaching 5,463 units in 2021, followed by Canada (1,655). North America dominates the global helicopter MRO market owing to the increasing number of helicopters across the US and Canada. Also, according to the Global Fire Power Report in 2022, the US military has ~5,463 helicopters as a part of the army. Boeing, Textron, Lockheed Martin, MD Helicopters, Kaman Aircraft, and several leading players operate in the North America helicopter MRO market. In 2022, Airbus US-based aircraft and helicopter manufacturers received an order of ~374 helicopters.

The Europe helicopter MRO market is growing at a moderate pace with increasing military spending on advanced technology-based helicopters. The UK had the highest military spending across Western and Central Europe, reaching nearly US$ 68.5 billion in 2022.

Market Overview:

The maintenance, repair, and overhaul services are essential in the military and civil helicopter business. It is mandatory to have proper MRO of a helicopter to avoid significant risks before take-offs. Thus, military and aviation industry players are mainly focused on creating standardized norms for the use of helicopter MRO services, which supports the helicopter MRO market  growth. The rising demand for military helicopters worldwide is encouraging helicopter manufacturers such as Airbus Bell Helicopters, Leonardo S.p.A., Sirkorsky-Lockheed Martin, and Boeing to increase their production capacity and provide maintenance services for these helicopter MRO players. Helicopter MRO is used for a wide range of maintenance and repair activities to keep helicopters in safe and airworthy condition. With increasing government spending on advanced technologies, integrated military helicopters have created a massive growth for helicopter MRO market. The armed forces use helicopters to navigate through the hilly region and other remote, inaccessible areas. They serve a wide range of services such as air ambulance service, medicine delivery, airlifting people from disaster areas, and carrying people to religious pilgrimage destinations. Businesses, enterprises, and millennium individuals mostly use helicopters for mobility purposes across the metro cities. Also, helicopters are used by large oil companies such as ONGC, Exxon, Chevron, Saudi Aramco, and Indian Oil Corporation for traveling to offshore facilities. Helicopters are complex in design and require careful inspection. Performing routine helicopter maintenance with the help of reputed helicopter MRO market players is one of the practical ways to guarantee the safety of aircraft while being in the air.

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Helicopter MRO Market: Strategic Insights

helicopter-mro-market
Market Size Value inUS$ 27,641.75 million in 2022
Market Size Value byUS$ 42,742.32 million by 2030
Growth rateCAGR of 5.60% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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M

arket Driver:

Procurement of Helicopters in Defense Drives Helicopter MRO Market Growth

The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers. Further, military and army vehicle upgrades are rising owing to growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases the government's focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments, vehicles, and others. Hence, military forces across the world focus on investing significant amounts in procuring advanced technologies. Defense forces' constant inclination to acquire new technologies for non-combat and combat operations further boosts military expenditure worldwide, which is also driving the global helicopter MRO market growth.

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Segmental Analysis:

Based on component, the global helicopter MRO market is segmented into airframe maintenance, engine maintenance, component maintenance, and line maintenance. Increasing commercial applications of helicopters and helicopter fleet expansion strategy in the defense sector propel the demand for airframe maintenance, engine maintenance, component maintenance, and line maintenance. In July 2023, the Indian army issued a tender to replace its Cheetah and Chetak helicopters with 20 modern light helicopters. In 2022, AdventHealth expanded its helicopter fleet in its ambulance fleet to cater to increasing demand from the growing population. Moreover, as per the data published by the General Aviation Manufacturers Association in 2022, the demand for commercial helicopters increased by ~7.4% from 2021, which totaled 876 deliveries in 2022. Thus, owing to the growing demand for helicopters in the commercial and defense sectors, is driving the helicopter MRO market is projected to grow during the forecast period.

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Regional Analysis:

Various North American behemoths are engaged in offering MRO services to gain momentum in the industry. Boeing; Bell Textron, Inc.; Lockheed Martin; MD Helicopters Inc.; Robinson Helicopter Company; Schweizer RSG; and Kaman Aircraft are among the leading helicopter MRO market players across the US. Several international MRO service providers are also present in the region. Southwest Airlines and United Airlines are preparing to open new helicopters for their MRO operations in Houston, Washington DC, and Los Angeles, respectively.

According to The Insight Partners analysis, in 2022, the US military will have around 5,463 helicopters. Also, the increased presence of a number of helicopter manufacturers across North America has created massive demand for helicopter MRO services. In 2021, Airbus helicopter manufacturers received around 419 helicopter orders, showing increased demand after the COVID-19 pandemic. Such a huge number of operating military helicopters will further generate the demand for its MRO services in the region.

Moreover, an increase in the number of helicopters across North America is expected to bolster the requirement of MRO for major helicopter components such as engines, gearboxes, gears, and airframes.

Besides this, another driving factor in the helicopter MRO market is the continued emphasis on rising spending on maintenance, repair, and overhaul activities of various components. Also, digital MRO technology is expected to create lucrative opportunities for helicopter MRO market in the coming years.

Key Player Analysis:

AAL Group Ltd., Abu Dhabi Aviation, Airbus, Elbit Systems Ltd., GAL (EDGE Group PJSC), Gulf Helicopters, HELICONIA, Israel Aerospace Industries, Leonardo SpA, and Saudi Rotorcraft Support Company Ltd. are among the key helicopter MRO market players profiled during this market study. In addition to these players, several other essential market players have been studied and analyzed to get a holistic view of the global helicopter MRO market and its ecosystem.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global helicopter MRO market. A few recent developments by key helicopter MRO market players are listed below:

Year

News

Region

January 2022

The Airbus Helicopters MRO Logistics Centre announced that they had begun operations in the AeroliansParis business park in Tremblay-en-France near Roissy Charles de Gaulle airport. The 13,400 m2 building, developed by BARJANE, was conceived to house all logistics activities related to helicopter component repair, including the receipt, screening, control, storage, and distribution of MRO parts, at one site close to Europe’s cargo hub in Paris.

Europe

July 2023

Israel Aerospace Industries (IAI) and Odysight.ai unveiled a cutting-edge visual-based health monitoring system for UH60 helicopters. The system is based on a multicamera system that enables real-time monitoring of the aircraft's systems health, ensuring maximum safety and availability.

MEA

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Helicopter Type, End Users, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are reasons behind the helicopter MRO market growth?

Light and medium-weight helicopters are mainly categorized on the basis of their take-off weight capacity. Lightweight helicopters have a take-off capacity of up to 3,500 kg, whereas medium-weight helicopters have a take-off capacity between 3,500kg and 8,000kg. The demand for light and medium-weight helicopters is mainly driven by increased adoption in emergency medical services (EMS).

What are market opportunities for the helicopter MRO market?

The aviation industry in Asia Pacific is constantly growing owing to rising income levels in the region. The demand for helicopters in the region, especially in southeastern countries, is growing. The demand for helicopters for commercial and military applications is growing significantly in countries such as Thailand, Singapore, Malaysia, Indonesia, and others.

Who are the major vendors in the helicopter MRO market?

AAL Group Ltd., Airbus, Elbit Systems Ltd., GAL (EDGE Group PJSC), and Leonardo SpA are the key market players operating in the global helicopter MRO market.

What is the future trend for the helicopter MRO market?

In the thriving aviation sector across the world, airplane maintenance and repair play a critical role in assuring the safety, reliability, and durability of aircraft. Many established and developing countries have embraced 3D printing technology as a game-changer in this industry as one of the primary hubs for air travel and aerospace innovation. 3D printing technology has transformed aircraft maintenance and repair, which reduces aircraft downtime and increases operating efficiency.

Which region to dominate the helicopter MRO market in the forecast period?

The Asia Pacific helicopter MRO market is growing at the highest CAGR owing to the rising demand for civil and military helicopters. In Asia Pacific, more than 61% of the helicopters are owned and operated by four countries—China, Australia, Japan, and New Zealand. Overall, Australia has the largest market for helicopters, followed by Japan, with most helicopters from Airbus and Leonardo.

The List of Companies - Helicopter MRO Market

  1. AAL Group Ltd

  2. Saudi Rotorcraft Support Co

  3. Heliconia France SAS

  4. Gulf Helicopters Co

  5. EDGE Group PJSC

  6. Abu Dhabi Aviation Co

  7. Airbus SE

  8. Elbit Systems Ltd

  9. Israel Aerospace Industries Ltd

  10. Leonardo SpA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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