Utility Aircraft Market Research Report: Information By Type (Fixed-Wing and Rotary-Wing), By Commercial Application (Agriculture, Air Freight, Passenger Transportation, Medical Support and Others), By Non-Commercial (Peacekeeping, Search & Rescue, Firefighting, Military Logistics, Air Assault, Command & Control, Troop Transportation, and Humanitarian Aid), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Global Utility Aircraft Market Overview

Utility Aircraft Market Size was valued at USD 190.5 Billion in 2022. The Utility Aircraft market industry is projected to grow from USD 198.50 Billion in 2023 to USD 275.87 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032). Increasing investment in defense forces and increased need for air transport are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Utility Aircraft Market Trends

• Growing spending on the military is driving the market growth

Market CAGR for utility aircraft is driven by developed and developing countries significantly increased spending on military technology and equipment. The developed countries are upgrading their military might by replacing their aging aircraft fleets with newer, more advanced fleets, while the developing countries, such as India, are modernizing their armed forces by adding new aircraft and upgrading older fleets. Furthermore, the numerous uses of utility aircraft in industries as varied as firefighting, sports, and agriculture are expected to drive growth in the utility aircraft market over the coming years.

Additionally, the online retail industry has exploded in the last year. Thanks to technological advancements, the e-commerce industry has come a long way, making buying easier and more convenient for customers. The rise of frictionless e-commerce has emphasized the need for prompt shipping. Utility planes are used by logistics partners or divisions of e-commerce firms to improve their delivery capacities and capabilities to keep up with the rising demand for fast delivery and maintain a competitive position in the market. The government has started using utility planes to provide overnight shipping to citizens. Therefore, firms in the utility aircraft market have a lucrative opportunity thanks to the booming e-commerce sector and the increasing demand for fast delivery.

For instance, H.A.L. was awarded the DRDO's maiden operational clearance certificate during the 'Bandhan' program's DefExpo 2020 event, where the aging fleet of Cheetah and Chetak helicopters would be retired. As a result, the demand for aircraft batteries is forecasted to grow during the horizon of this prediction due to the rising facilities. Thus, the driving factor is utility aircraft market revenue.

Utility Aircraft Market Segment Insights

Utility Aircraft Type Insights

The utility aircraft market segmentation, based on type, includes fixed-wing and rotary-wing. In 2022, the rotary-wing segment led the utility aircraft market in revenue because of a growing need for helicopters with specific functionality. Military utility helicopters can do a wide variety of missions, from command and control to troop transportation to air assault. These are also utilized in firefighting and humanitarian relief efforts.

Figure 1: Utility Aircraft Market by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Utility Aircraft Commercial Application Insights

The utility aircraft market segmentation, based on commercial applications, includes agriculture, air freight, passenger transportation, medical support, and others. The air freight segment is expected to develop at a CAGR of 4.20% over the projected period, making up the largest market share. It is possible to monitor your shipment's location and arrival time via the Internet with the help of most air freight service providers.

Utility Aircraft Non-Commercial Application Insights

The utility aircraft market segmentation, based on non-commercial applications, includes peacekeeping, search & rescue, firefighting, military logistics, air assault, command & control, troop transportation, and humanitarian aid. The segment with the largest market share in military logistics is expected to grow fastest at a CAGR of 4.20% over the next several years because of the all the tasks performed by the military outside of direct combat, such as logistics, supply, signaling, and care for the sick, the transport of persons and goods, and the upkeep of such services.

Utility Aircraft Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American utility aircraft market will dominate because of the massive quantity of airplanes manufactured for both civilian and military use, and makes significant investments in research and development for cutting-edge utility aircraft technology. In addition, the high priority the country places on its military. The United States has historically and currently spent and earned the most on its military.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: UTILITY AIRCRAFT MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s utility aircraft market accounts for the second-largest market share because increased military spending by major economies in the area and a subsequent rise in the demand for air freight. Further, the German utility aircraft market held the largest market share, and the UK utility aircraft market was the fastest-growing market in the European region.

The Asia-Pacific utility aircraft market is expected to grow at the fastest CAGR from 2023 to 2032. Digitalization improving the aircraft industry's technical outlook and increased government spending in the region's defense sector to replace aging technology under the modernization program of defense technology and other technological breakthroughs have positively impacted the region's economy and way of life.  Moreover, China’s utility aircraft market held the largest market share, and the Indian utility aircraft market was the fastest-growing market in the Asia-Pacific region.

Utility Aircraft Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the utility aircraft market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the utility aircraft industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the utility aircraft industry to benefit clients and increase the market sector. In recent years, the utility aircraft industry has offered some of the most significant technological advancements. Major players in the utility aircraft market, including Lockheed Martin Corporation (US), Airbus S.A.S. (Netherlands), Bombardier Inc. (Canada), Textron Inc. (US), Leonardo S.p.A. (Italy), Changhe Aircraft Industries Group Co. Ltd. (China), Harbin Aircraft Industry Group Co.Ltd. (China), Piaggio Aero Industries S.p.A. (Italy), Daher Aerospace, S.A. de C.V. (France), United Aircraft Corporation (Russia), and others, are attempting to increase market demand by investing in research and development operations.

Lockheed Martin, with headquarters in Bethesda, Maryland, is a defense and aerospace firm specializing in studying, creating, and selling cutting-edge technology products and services. By combining our services with innovative hardware and making them easily accessible, we assist our customers in staying ahead of the curve. At Lockheed Martin, successful leadership is more than just getting things done. The proper means to an end must be determined. Through Full Spectrum Leadership, we hold our leaders to a high standard by requiring them to advocate for and model ethical conduct, celebrate and embrace diversity, and make decisions that safeguard the well-being of their teams and the environment. Everyone is a leader because we each influence the actions and thoughts of at least one person: ourselves. Lockheed Martin is working to create the infrastructure and instill the principles to make work satisfying and secure for all employees. However, it is up to us as individuals to fully embody our developing culture. In May 2023, A Lockheed Martin PAC-3 Missile Segment Enhancement (M.S.E.) interceptor was successfully fired in a flight test using a German-modified M903 launcher. The German Air Force flew the Germany Tactical Test/Operational Test 3 against a simulated tactical ballistic missile target to demonstrate the PAC-3 MSE's compatibility with the German-modified Patriot M903 launch system.

Airbus is the industry standard for developing, producing, and distributing aeronautical goods, services, and solutions. Airbus is a forerunner in the aviation business thanks to its 130,000-strong workforce and status as the largest aeronautics and space firm in Europe and a leader. We have a steady market share of 50% in the commercial airliner market because we produce the most cutting-edge commercial aircraft. Products that bridge the gap between the earth and the stars are made possible by our company's in-depth knowledge of the ever-evolving needs of the market, its dedication to its customers, and its commitment to technological innovation. In February 2023, the MoU for purchasing nine A350-1000s was signed by Philippine Airlines (P.A.L.) and Airbus. As part of its Ultra Long Haul Fleet initiative, Philippine Airlines plans to use the Airbus A350-1000 to provide direct service between Manila and North America, including the Eastern Seaboard of the United States and Canada.

Key Companies in the Utility Aircraft market include

• Lockheed Martin Corporation (US)


• Airbus S.A.S. (Netherlands)


• Bombardier Inc. (Canada)


• Textron Inc. (US)


• Leonardo S.p.A. (Italy)


• Changhe Aircraft Industries Group Co. Ltd. (China)


• Harbin Aircraft Industry Group Co. Ltd. (China)


• Piaggio Aero Industries S.p.A. (Italy)


• Daher Aerospace


• A. de C.V. (France)


• United Aircraft Corporation (Russia)

Utility Aircraft Industry Developments

May 2023: Lockheed Martin's Space division recently announced planned improvements to improve efficiency in completing customer missions, encourage development and creativity, and foster closer working relationships with clients, vendors, and partners. Lockheed Martin Space's Ignite division, a hub for innovation and rapid capacity development, inspired the reorganization.

April 2023: Airbus Foundation Discovery Space has released a new animated video that focuses on helicopters' incredible capabilities and their vital role in rescue missions.

Utility Aircraft Market Segmentation

Utility Aircraft Type Outlook

• Fixed-Wing


• Rotary-Wing

Utility Aircraft Commercial Application Outlook

• Agriculture


• Air Freight


• Passenger Transportation


• Medical Support


• Others

Utility Aircraft Non-commercial Application Type Outlook

• Peacekeeping


• Search & Rescue


• Firefighting


• Military Logistics


• Air Assault


• Command & Control


• Troop Transportation


• Humanitarian Aid

Utility Aircraft Application Outlook

• Propulsion


• Emergency


• Auxiliary Power Unit (APU)


• Others

Utility Aircraft Regional Outlook

• North America


• US


• Canada


• Europe


• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America