Europe Helicopters Market is expected to reach US$ 16,383.49 Mn by 2028

Medium Weight Segment to Dominate Europe Helicopters Market During 2021–2028 

According to The Insight Partners market research study on “Europe Helicopters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 16,383.49 million by 2028 from US$ 10,443.48 million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report provides trends prevailing in the Europe helicopters market along with the drivers and restraints pertaining to the market growth. Rising military expenditure on advanced and lightweight helicopters and growing demand for search and rescue (SAR) helicopters are the major factor driving the growth of the Europe helicopters market. However, dearth in the adoption of advanced helicopters hinders the growth of Europe helicopters market.   

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.

The Europe helicopters market is segmented into type, weight, application, and country. In terms of type, the Europe helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the Europe helicopters market in 2020 and tilt rotor segment is expected to be fastest growing during forecast period. Based on weight, the Europe helicopters market is categorized into light weight, medium weight, and heavy weight. The medium weight segment dominated the Europe helicopters market in 2020 and light weight segment is expected to be fastest growing during forecast period. Based on application, the Europe helicopters market is categorized into commercial & civil and military. The commercial & civil segment dominated the Europe helicopters market in 2020 and military segment is expected to be fastest growing during forecast period. Further, commercial & civil segment is bifurcated into the transport, emergency rescue, utility, and training. The transport segment dominate the market in 2020. The military segment is also divided into the attack and reconnaissance, maritime, transport search and rescue, and training. The attack and reconnaissance segment dominate the market in 2020.

Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; and Russian Helicopters are among the leading companies in the Europe helicopters market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Boeing, Honeywell and Rolls-Royce Deutschland Partner to Service H-47 Chinook Engines.

The Report Segments the Europe Helicopters Market as Follows:

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