Helicopter MRO Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Helicopter MRO Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, Line Maintenance); Helicopter Type (Light Helicopter, Medium Helicopter, Heavy Helicopter); End User (Commercial, Military); and Geography

  • Report Code : TIPRE00019086
  • Category : Aerospace and Defense
  • No. of Pages : 150
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The Helicopter MRO Market size is projected to reach US$ 45.99 billion by 2031 from US$ 28.72 billion in 2023. The market is expected to register a CAGR of 6.1% in 2023–2031. Increasing commercial applications of helicopters and helicopter fleet expansion strategy in the defense sector are driving 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, the demand for helicopter MRO is projected to increase during the forecast period.

Helicopter MRO Market Analysis

Helicopter component manufacturers and MRO service providers offer services to civil and military aviation players. MRO services are essential for civil and military helicopters to ensure that they are maintained in predetermined conditions. The demand for MRO services is increasing as most of the military helicopters are grounded, and rescheduling a flight requires a prior check-up to ensure the aircraft is ready to take off. In order to provide robust maintenance services to various aircraft components, companies such as Lufthansa Technik AG, AAR Corp., and Rolls-Royce PLC are focusing on developing innovative services integrated with advanced technologies such as blockchain to fulfill the demand of commercial and military end users. RotorPlace, Hindustan Aeronautics Limited., Patria Group, Technovision Engineers Private Limited, KADEX Aero Supply, Jones Metal Products, Helicopter Spares, Blueberry Aviation, Indo Copters, and Sterling Helicopter are among the key helicopter spare parts providers. These suppliers offer helicopter parts to MRO service providers and helicopter manufacturers around the globe.

Helicopter MRO Market Overview

Commercial applications such as air ambulance, helicopter tourism, and offshore wind turbines are growing continuously. For instance, In October 2023, Wales Air Ambulance Charity announced the addition of its new helicopter. In 2022, Wales Air Ambulance announced that Gama Aviation Plc had won a seven-year aviation contract covering the operation and maintenance of a primary fleet of four Airbus H145 helicopters. The service now operates three H145 helicopters and one smaller H135 helicopter. The H135 aircraft will be modified to an H145 as part of the new contract.

On the other hand, helicopter fleet expansion activities by many developed nations are driving the helicopter MRO demand in the defense industry. For instance, in December 2022, the Defense Acquisition and Program Administration (DAPA) of South Korea and Korea Aerospace Industries (KAI) signed a US$ 234 million contract for the first stages of mass production for their Light Armed Helicopter (LAH). Thus, the factors mentioned above are projected to fuel the demand for helicopter MRO in the commercial and defense sectors.

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Helicopter MRO Market: Strategic Insights

Helicopter MRO Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ 28.72 Billion
  • Market Size 2031
    US$ 45.99 Billion

Market Dynamics

  • Increasing Demand for Light and Medium Weight Helicopters
  • Procurement of Helicopters in Defence
  • Growing Demand for Engine Maintenance
  • Adoption of 3D Printing Technology
  • Growing Demand for Helicopters in Southeast Asia
  • Growing Research and Development Activities for Hybrid and Electric Helicopters

Key Players

  • AAL Group Ltd
  • Abu Dhabi Aviation
  • Airbus
  • Elbit Systems Ltd
  • GAL (EDGE Group PJSC)
  • Gulf Helicopters
  • Israel Aerospace Industries
  • Leonardo SpA
  • Saudi Rotorcraft Support Company Ltd

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Airframe Maintenance
  • Engine Maintenance
  • Component Maintenance
  • Line Maintenance
Helicopter Type
  • Light Helicopter
  • Medium Helicopter
  • Heavy Helicopter
End Users
  • Commercial
  • Military
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Helicopter MRO Market Drivers and Opportunities

Increasing Demand for Helicopters

The demand for heavy helicopters is mainly driven by increasing adoption by the defense sector. In contrast, the demand for light helicopters is mainly driven by growing commercial applications such as air ambulance and tourism. Medium-sized helicopters are widely used in commercial as well as defense sectors. For instance, in May 2023, Corewell Health added a new Sikorsky S-76 C++ helicopter to its air ambulance fleet. In January 2023, Sikorsky, a Lockheed Martin subsidiary, delivered the 5,000th "Hawk" variant helicopter, a US Army UH-60M Black Hawk. In the coming years, this aircraft will continue to fulfill medium-lift requirements for the US military and international operators. Thus, such activities are projected to create lucrative demand for light, medium, and heavy helicopters in the coming years.

Growing Research and Development Activities for Hybrid and Electric Helicopters

In January 2023, Arc Aerosystem announced the development of a hybrid slowed-rotor aircraft with an 800-mile range. Further, in October 2023, the US Air Force received an all-electric helicopter for experimental purposes. The Air Force and Joby Aviation, an aircraft manufacturer, will conduct joint testing to investigate the military possibilities. The Joby aircraft, with a range of up to 100 miles, plus energy reserves and a top speed of 200 mph, can transport a pilot and four passengers fast and quietly while emitting zero operating emissions. Development activities are expected to generate demand and increase the adoption of hybrid and electric helicopters in the coming years. Thus, the need for helicopter MRO services is expected to rise in the coming years owing to the complexity and delicacy of hybrid and electric helicopters.

Helicopter MRO Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Helicopter MRO Market analysis are component, helicopter type, end user, and geography.

  • Based on component, the Helicopter MRO Market has been segmented into airframe maintenance, engine maintenance, component maintenance, line maintenance. The engine MRO segment held a larger market share in 2023.
  • By helicopter type, the Helicopter MRO Market has been segmented into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter segment held the largest share of the market in 2023.
  • In terms of end users, the Helicopter MRO Market has been segmented into commercial and military. The commercial segment dominated the market in 2023.

Helicopter MRO Market Share Analysis by Geography

The geographic scope of the Helicopter MRO Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific has dominated the Helicopter MRO Market in 2023, and it is expected to experience highest CAGR during the forecast period as well. In 2022, India had more than 800 helicopters, with ~72% of the fleet from Non-Scheduled Operators (NSOP), while others belonged to government officials, public sector units (PSU), and private parties. According to the India Brand Equity Foundation Organization, Indian helicopter owners, including private and government, spend more than US$ 1.2 billion annually on their maintenance, repair, and overhaul (MRO) services and are mostly outsourced to overseas companies. Helicopters are complex machines that require careful inspection before flying. It is mandatory to perform routine helicopter maintenance with the help of renowned MRO aviation companies that guarantee aircraft are safe while flying in the air. According to the Stockholm Peace International Research Institute, global military spending reached nearly US$ 2.2 trillion in 2022, increased by 3.7% compared to 2021. Such an increase in military expenditure around the globe with rising helicopter production drives the helicopter MRO market growth. The US military army invested significant resources in the modernization of the helicopters and has increased its budget by 20% to US$ 1.1 billion for 2021 compared to 2020. The US government launched the Future Vertical Lift program for the modernization of helicopters and aircraft. Such rising military expenditure and growth in the military helicopters drive the helicopter MRO services market.

Helicopter MRO Market Report Scope

Report Attribute Details
Market size in 2023 US$ 28.72 Billion
Market Size by 2031 US$ 45.99 Billion
Global CAGR (2023 - 2031) 6.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Airframe Maintenance
  • Engine Maintenance
  • Component Maintenance
  • Line Maintenance
By Helicopter Type
  • Light Helicopter
  • Medium Helicopter
  • Heavy Helicopter
By End Users
  • Commercial
  • Military
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AAL Group Ltd
  • Abu Dhabi Aviation
  • Airbus
  • Elbit Systems Ltd
  • GAL (EDGE Group PJSC)
  • Gulf Helicopters
  • Israel Aerospace Industries
  • Leonardo SpA
  • Saudi Rotorcraft Support Company Ltd
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Helicopter MRO Market News and Recent Developments

    The Helicopter MRO Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for helicopter MRO market and strategies:

    • In October 2023, Abu Dhabi Investment Office (ADIO) has partnered with Abu Dhabi Aviation (ADA), the biggest commercial helicopter operator in the Middle East, to promote electric vertical take-off and landing (eVTOL) aircraft.ADA will set up an eVTOL MRO facility in Abu Dhabi as part of the partnership, further complementing the city’s extensive portfolio of MRO businesses and promoting smart and autonomous vehicle solutions and applications. (Source: Abu Dhabi Aviation, Press Release/Company Website/Newsletter)
    • In January 2023, the acquisition of ZF Luftfahrttechnik by Airbus Helicopters has now been finalized, as all the necessary regulatory approvals have been obtained. With over 100 years of experience in the aviation industry, the company will now operate under the name Airbus Helicopters Technik GmbH as a wholly-owned subsidiary located in Kassel-Calden. The world-leading manufacturer of dynamic components for light and medium helicopters including related services with a global customer base is also a national leader with regards to the MRO for dynamic components of military helicopters. (Source: Airbus, Press Release/Company Website/Newsletter)

    Helicopter MRO Market Report Coverage and Deliverables

    The “Helicopter MRO Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed Porter’s Five Forces analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles with SWOT analysis
    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.

    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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