The Helicopters Market is predicted to reach USD 38,752.6 million by 2030, registering a 3.2% CAGR during the forecast period, 2022–2030. :

Oct 2022, Research Report on the Global Helicopters Market.

Helicopter Market Size is USD 40.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2023 - 2030).

In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global Helicopters market is expected to witness substantial growth during the forecast period, primarily due to growing demand for emergency medical service helicopters.

Segmental Analysis

The scope of the global helicopters market has been segmented based on component & system, type, and point of sale.

Based on Component & System, the helicopter market is segmented into Airframe and Engine. The airframe of helicopters consists of sheet metal and a tubular structure. This structure is generally made of stainless steel, or titanium alloy as these materials can sustain load, high stress, and strain during critical missions. The airframe includes the avionics, main rotor systems, aerostructures, transmission systems, and anti-torque systems. Current helicopters use lightweight and durable materials for airframes, which reduce overall weight, improves fuel efficiency and agility, and require minimal maintenance.

Based on Type, the helicopter market is segmented into Civil & Commercial and Military.                The demand for commercial helicopters has been increasing over the past few years. In civil & military, light and medium helicopters are being used widely. The light helicopters have a load-carrying capacity of fewer than 3.1 tons, and the medium helicopters have a load-carrying capacity of between 3.1 to 8.5 tons. The civil & commercial helicopters segment is expected to register a CAGR of 3.5% during the forecast period.

Based on Point of Sale, the helicopter market is segmented into OEM and Aftermarket. OEM is expected hold a largest market share throughout the forecast period, whereas Aftermarket is anticipated to grow at highest CAGR.

Regional Analysis

Geographically, the global Helicopters market has been segmented into North America, Europe, the Middle East & Africa, and Latin America.

North America is likely to lead the Helicopters market. The North American region holds the largest share of the global helicopters market, operating approximately 33% of the world’s helicopter fleet. A large number of operators in the US are looking to expand the scope of application of helicopters, which makes them a higher contributor in the North American market as compared to Canada. In North America, the helicopters are used for various applications, such as charter services, aerial tours, and search and rescue missions. Charter services are increasingly gaining popularity, with operators providing various services to promote tourism and air travel. Furthermore, emergency medical services through helicopter operations are proving to be effective in the US and Canada, for ensuring a quick emergency response. Many operators are also focusing on offering tours and aerial photography along with utility and offshore transport services

In Europe, developments such as the increasing investment in air ambulance services and military modernization programs, are supporting the growth of helicopters market in the region. The helicopter market in the Asia-Pacific region is expected to register the fastest growth among countries, such as China, India, and South Korea, that are heavily investing in military and boosting tourism in the region. Emergency Medical Services (EMS) operations are also gaining importance in countries, such as India, where the market for medical tourism is developing very fast.

Competitive Landscape

The Helicopters market consists of various major as well as privately held consulting firms. Rising need for customer-centric consulting services and maintaining sustainable competitive advantage is positively impacting the Helicopters market. The consulting firms compete with each other to provide cost-efficient and digitized consulting services to businesses and customers. The solution providers offer a wide range of consulting services ranging from business Helicopters to financial consulting. However, according to MRFR analysis, the growth of the Helicopters firms is dependent on market conditions, digitization, as well as industrial development.

Among these, MRFR has identified top five key players in the global Helicopters market who have contributed to the global market growth.

Key Players

  • Airbus SAS (Netherland)

  • Leonardo SpA (Italy)

  • Bell Textron Inc. (US)

  • Lockheed Martin Corporation (US)

  • Russian Helicopters, JSC (Russia)

These players focus on expanding and enhancing their resolution portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.