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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Helicopter MRO Market Size, Growth, Share by 2031

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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)
    6.1%
  • Market Size 2023
    US$ 28.72 Billion
  • Market Size 2031
    US$ 45.99 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing Demand for Light and Medium Weight Helicopters
  • Procurement of Helicopters in Defence
  • Growing Demand for Engine Maintenance
FUTURE TRENDS
  • Adoption of 3D Printing Technology
OPPORTUNITIES
  • 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
  • HELICONIA
  • 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

Component
  • 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
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • 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
  • HELICONIA
  • 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.

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