Helicopter Market Trends Report – Global Forecast 2028

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

Publication Month : May 2021

  • Report Code : TIPRE00007365
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 195
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[Research Report] The helicopters market expected to grow from US$ 37,355.5 million in 2021 to US$ 56,597.5 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.

Analyst Perspective:

The global helicopter market is a diverse and expanding industry that caters to various sectors and purposes. Helicopters are renowned for their vertical takeoff and landing capabilities, enabling them to operate in diverse environments and fulfill various tasks. The market encompasses different segments, including commercial, military, law enforcement, public safety, oil and gas, aerial work, construction, training, and recreational use. Commercial helicopters are utilized for transportation, tourism, offshore operations, and emergency medical services.

They offer flexible and efficient transportation options, particularly in areas with limited infrastructure. Military helicopters play a vital role in defense and combat operations, serving purposes such as troop transport, reconnaissance, attack missions, and search and rescue. Defense budgets, geopolitical factors, and modernization requirements influence their demand. Law enforcement agencies extensively employ helicopters for surveillance, search and rescue missions, border patrol, and disaster response. These aircraft provide rapid coverage of large areas and access to remote locations, making them invaluable assets for public safety organizations. In the oil and gas industry, helicopters are crucial for the offshore transportation of personnel and equipment to drilling rigs and platforms, enhancing operational efficiency in remote and inaccessible locations. Helicopters find applications in aerial work, including heavy-lift operations, power line maintenance, firefighting, crop dusting, and construction support. Their agility and hovering capability make them ideal for precision and maneuverability tasks. Moreover, helicopters are used for flight training and recreational purposes, catering to aspiring pilots and individuals seeking unique aviation experiences.

The industry is driven by technological advancements, focusing on developing more efficient and safer rotorcraft. Electric and hybrid-electric models are gaining traction, along with efforts to improve performance, reduce noise levels, and enhance fuel efficiency.

Market Overview:

A helicopter is a type of aircraft that can move in any direction, land and take off vertically, or hover in the air thanks to one or more longitudinal blades that are powered. It is the most suitable flight since it avoids the need for large landing fields far from urban centers and the intermediary modes of transit that conventional planes typically require, such as a car, bus, or underground. Additionally, the helicopter's capacity to hover for lengthy periods, take off and land vertically, and maintain a steady altitude have all proven useful for accomplishing jobs other aircraft could not.

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Helicopters Market: Strategic Insights

helicopters-market
Market Size Value inUS$ 37,355.5 Million in 2021
Market Size Value byUS$ 56,597.5 Million by 2028
Growth rateCAGR of 6.1% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Market Driver:

Increase in Demand for Aerial Imagining to Drive Growth of Helicopters Market

The increasing demand for aerial imaging services has profoundly impacted the helicopter market's growth. Aerial imaging, which involves capturing high-quality photographs, videos, and data from helicopters equipped with advanced imaging technologies, has become an essential tool across various sectors. One of the primary applications driving the demand for aerial imaging is surveying and mapping. Helicopters with specialized sensors like LiDAR or high-resolution cameras can quickly and accurately capture data over large areas. This data is crucial for urban planning, infrastructure development, land surveys, and environmental assessments. Helicopters' ability to access diverse and challenging terrains makes them highly suitable for conducting surveys in remote or inaccessible regions. Helicopters with high-resolution cameras capture stunning aerial photographs and videos, providing a comprehensive view of properties, construction sites, and surrounding areas. These visuals are invaluable for marketing properties, conducting site surveys, monitoring construction progress, and documenting projects. Helicopters' maneuverability and versatility enable them to capture detailed imagery from various angles, providing clients with an immersive and informative perspective.

Aerial imaging has also significantly impacted environmental monitoring and conservation efforts. Helicopters equipped with imaging technologies are employed to monitor wildlife populations, track changes in ecosystems, detect illegal activities such as poaching and deforestation and assess the impact of climate change. Helicopters' ability to access remote and rugged terrain facilitates comprehensive monitoring and data collection, aiding in effective conservation strategies and environmental management. In disaster management and emergency response scenarios, helicopters equipped with imaging technologies play a crucial role. They can quickly assess the extent of damage caused by natural disasters, locate survivors in search and rescue missions, and facilitate the efficient deployment of resources and aid. Aerial imaging provides authorities with real-time information and helps coordinate response efforts effectively. The growing demand for aerial imaging services has spurred the development of advanced imaging technologies specifically tailored for helicopter operations.

These advancements include high-resolution cameras, thermal imaging sensors, hyperspectral imaging, and remote sensing technologies. Integrating these technologies with helicopters has created new opportunities for helicopter operators, imaging service providers, and technology manufacturers, contributing to the overall growth and expansion of the helicopter market.

Segmental Analysis:

Based on application, the market is segmented into commercial and civil and military. The commercial and civil segment held the largest share of the market in 2020, whereas the commercial segment is estimated to register the highest CAGR in the market during the forecast period. The commercial and civil segment has the largest share of the helicopter market due to its diverse applications and customer base. This segment includes transportation, tourism, law enforcement, public safety, aerial work, and construction support. The demand for efficient transportation options and specialized services in these industries, along with economic factors and infrastructure development, contribute to the segment's prominence in the market.

Regional Analysis:

The North America Helicopters market was valued at US$ 12.98 billion in 2021 and is projected to reach US$ 18.71 billion by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period. The North American region has dominated the helicopter market due to several key factors contributing to its prominent position. One of the primary reasons for North America's dominance is the robust presence of major helicopter manufacturers and operators in the region. Established companies such as Airbus Helicopters, Bell Textron, and Sikorsky Aircraft Corporation have a significant market presence in North America. These manufacturers produce a wide range of helicopters catering to various sectors and applications, meeting the diverse needs of customers in the region. Moreover, North America strongly demands helicopters across multiple industries, including commercial, military, and public services. The region's developed infrastructure and extensive transportation networks make helicopters attractive for various operations. In the commercial sector, helicopters are widely used for transportation, tourism, and offshore operations, benefiting from the region's expansive urban areas and scenic attractions. The military sector also plays a significant role in North America's dominance.

The United States, in particular, has one of the largest defense budgets globally, driving substantial demand for military helicopters. The country invests in modernizing its helicopter fleet, procuring new rotorcraft, and upgrading existing platforms. The presence of military bases, training facilities, and ongoing defense operations further contributes to the demand for helicopters in the region. North America also has well-established emergency medical services (EMS) and law enforcement sectors that rely heavily on helicopters. Helicopters are instrumental in rapid medical response, search and rescue missions, and aerial surveillance. The region's large population, vast territory, and diverse geography require helicopters' capabilities in these critical services. Furthermore, North America's regulatory environment and airspace infrastructure are well-developed, supporting the safe and efficient operation of helicopters. The region has robust aviation authorities and helicopter operations regulations, ensuring high safety standards. This fosters confidence among operators and customers, encouraging the growth and utilization of helicopters in various sectors. Lastly, North America's strong research and development capabilities contribute to innovation and technological advancements in the helicopter industry. The region is home to leading aerospace companies, research institutions, and universities that drive advancements in helicopter technology, performance, and safety.

Key Player Analysis:

The Helicopters market analysis consists of the players such as 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. Among the players in the Helicopters Leonardo S.p.AS.p.A.and Lockheed Martin Corporation are the top two players owing to the diversified product portfolio offered.

Recent Developments:

 

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

  • In 2023, Airbus Helicopters unveiled the H145-BK117D3 helicopter, which is specifically designed for emergency medical services (EMS) operations. The H145-BK117D3 is equipped with an upgraded Helionix avionics suite and increased range to provide the highest level of patient care in all emergency situations.
  • In 2023, Bell Textron Inc. has unveiled the rotorcraft Bell 360 Invictus, which is being developed for the Future Attack Reconnaissance Aircraft (FARA) program of the United States Army. This new state-of-the-art helicopter displays impressive speed, agility, and lethality, and aims to improve the survivability of aircraft for soldiers.
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Type , Weight , and Application

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which rotor type is expected to dominate the market in the forecast period?

The global helicopter market was dominated by the single rotor type in the forecast period. A single rotor helicopter is the most common type of helicopter. These helicopters need an anti-torque device to counteract the twisting momentum produced by the main rotor, which is powered by one or more engines (tail rotor or other anti-torque system). A portion of the power generated by the powerplant(s) is used to counteract torque in a single rotor helicopter.

What are market opportunities for global helicopter market?

Owing to aging helicopter fleet, the need for advance helicopter is increasing creating opportunity in the market. Many countries are now witnessing an increase in aging helicopter fleet size, which is creating immense demand for new and advanced helicopters. OEMs can effectively use this opportunity to strengthen their market position. For instance, in 2020, in India, The Hindustan Aeronautics Limited received the initial operational clearance for production of the light utility helicopter, which is set to replace the aging fleet of Cheetah and Chetak helicopters of the Indian armed forces.

What are the key reasons behind helicopters market growth?

Increased demand for search and rescue helicopter and rising military expenditure on advanced and lightweight helicopter is driving the growth of the helicopter market. The increasing need for helicopters for various search and rescue operations is driving the global helicopter market. Countries located in various regions, including Asia-Pacific, Europe, North America, Middle East & Africa, and South America, are heavily investing in procuring the most advanced and highly capable helicopters. Due to the growing demand for new and advanced SAR helicopters, the overall market is growing.

The List of Companies - Helicopters Market

  1. Airbus S.A.S.
  2. Leonardo S.p.A.
  3. Bell Textron Inc.
  4. Russian Helicopters
  5. Lockheed Martin Corporation
  6. Boeing
  7. Enstrom Helicopter Corp.
  8. Kaman Corporation
  9. MD Helicopters, Inc.
  10. Robinson Helicopter Company

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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