The Global Commercial Helicopter Market was valued at US$ 5.9 Bn in 2021 and is expected to reach US$ 11.5 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey.
As per the findings of the report, Light type of Commercial Helicopters
will remain pivotal for the market as the bulk of revenue will be
generated through this category.
Light Helicopters to Continue being Growth Axis for Commercial Helicopters Revenue
Light Helicopters of are used in police operations, geographical surveys,
surveillance and other areas where heavy lifting is not necessary and
space is limited. The lower costs and the ability to take off, land and
stay parked in a smaller area will ensure their popularity remains.
Technological improvements such as the use of electric power and hybridization to contribute to growth.
The development of technology such as electric power will help reduce noise
and operating costs. Developments in electric power for emergency
mechanisms can increase safety significantly. Urban Air Mobility
positively affects demand as air taxis are gaining popularity to beat
congestion and increase connectivity.
Public Safety and Law Enforcement to remain the application with the largest contribution to demand.
With a CAGR of 5% in 2017-2021 and a forecasted CAGR of 5.5% in the
2022-2032 period, law enforcement and public safety will remain the key
application. The ability of helicopters to reach remote locations to
deliver and extract supplies and personnel and the increasing usage in
law enforcement purposes such as surveillance, gathering intelligence,
and traffic control means the demand from this application will sustain
in the forthcoming years.
The US to Command the Larger Proportion of Commercial Helicopters Supply Chain throughout the Analysis Period
With the world’s largest fleet of helicopters and the largest number of
heliports, the US commands most of the revenue generated by Commercial
Helicopters. It contributes to over 35% of the market, with a forecasted
value of US$ 3.9 Bn by 2032.
“Commercial Helicopters manufacturers nowadays are closely working on harnessing
emerging technologies such as hybridization as well as on enhancing
costs and durability” comments an analyst at Future Market Insights.
Commercial Helicopters Market: Competition Insights
Commercial helicopter manufacturers are focusing on further enhancing their
existing models, improving safety, and harnessing new technologies such
as electric power. There are a large number of researchers working on
developing technologies for the automation of certain parts of the
flying process to reduce loads on pilots. Airbus S.A.S., Bell Helicopter
Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited,
Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and
Robinson Helicopter Company are amongst the key companies.
Some of the recent developments by the key players of the Commercial Helicopter Industry are as follows:
- In June 2022, Germany’s defense department confirmed that they would be buying 60
CH-47T helicopters from US-based company Boeing’s chinook helicopters
for military use. - In March 2022, Airbus Helicopters and the countries including France and Spain
announced an agreement. Under the agreement, around 42 of France’s
combat helicopters will be upgraded, and 18 of Spain’s, and Germany will
be given the chance to enter the program, known as the Tiger MKIII
program announced an agreement between France and Spain for its Tiger
program. The prototype flight will occur in 2023, and the deliveries to
France and Spain will occur in 2029 and 2030, respectively. - In March 2022, France’s Safran Helicopter Engines and India’s Hindustan Aeronautics
Limited signed a memorandum of understanding for their upcoming Joint
Venture facility at Sattari, Goa. The planned facility will provide
Maintenance and Repair Operation services to Safran and HAL helicopters. - In November 2021, Russian Helicopters and Avicopter announced that they would be signing a
deal to collaborate on the process of developing a multipurpose
heavy-type helicopter. Russia’s Russian Helicopters will contribute to
the technological development, while China’s Avicopter will work on the
designing and prototype process to eventually produce and market it.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of
the Commercial Helicopter Market, presenting historical market data
(2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Commercial Helicopter in terms of
Type (Light, Medium, Heavy and Very Large); by Application (Oil &
Gas, Medical Services, Transport, Law Enforcement and Public Safety and
Other Applications), across five regions (North America, Latin America,
Europe, Asia Pacific and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting &
market research firm, a member of the Greater New York Chamber of
Commerce and is headquartered in Delaware, USA. A recipient of Clutch
Leaders Award 2022 on account of high client score (4.9/5), we have been
collaborating with global enterprises in their business transformation
journey and helping them deliver on their business ambitions. 80% of the
largest Forbes 1000 enterprises are our clients. We serve global
clients across all leading & niche market segments across all major
industries.
