Commercial Helicopter Market:
Growth opportunities in the Commercial Helicopter Market look promising over the next six years. This is mainly due to the vast application base in carrying out public welfare and law enforcement coupled with the massive usage of helicopters in various areas like tourism & transportation.
Commercial Helicopter Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent driver stimulating the growth of the global commercial helicopter market is the surge in the implementation of these helicopters across several services including tourism, transportation, offshore helicopter, and emergency rescue services. Also, the industry is experiencing an augmentation in demand from the oil and gas sector to conduct various offshore operations. Moreover, the extensive usage to carry out public security, law enforcement, and other parapublic activities will strengthen the commercial helicopter market size. The conventional helicopter fleet is increasingly being substituted owing to their contracted renewal cycles, high maintenance costs, and safety concerns. Additionally, manufactures are emphasizing on establishing helicopters furnished with air conditioning, enhanced proofing ability, and passenger seats, which will further promote the market demand. However, the rigorous emission rules, along with the excessive cost associated with their set up might hamper the market growth. Furthermore, the immense tax imposed on the production of these helicopters by most of the nations will further curb the commercial helicopter market share.
Application Type Segment Drivers
On the basis of the application, oil & gas are predicted to witness a faster CAGR during the forecast period. This is primarily attributed to expanding projects to track down hydrocarbon deposits below the earth’s surface. The accelerating number of far-offshore deep-water oil exploration & production programs will propel the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to expand at a higher CAGR over the forecast period. This is because of the increasing demand for rotorcraft from the tourism sector, investments across the native aviation industry, lessening in airspace limitations, and the development of infrastructure in emerging economies such as India, China, and Japan. In addition to it, the rising number of replacements in helicopters to assure operation protection further raises the market growth. Countries, including China, are promoting general aviation, which is further bolstering the market growth.
Commercial Helicopter Market’s leading Manufacturers:
- Robinson Helicopter Company
- Russian Нelicopters, JSC
- Korea Aerospace Industries, Ltd.
- Hindustan Aeronautics Limited
- Enstrom Helicopter Corp.
- Lockheed Martin Corporation
- JSC
- MD Helicopters, Inc.
- Leonardo S.P.A.
- Bell Helicopter Textron Inc.
- Airbus S.A.S.
Commercial Helicopter Market Segmentation:
Segmentation by Type
- Light
- Medium
- Heavy
- Very Large
Segmentation by Application
- Oil & Gas
- Transport
- Medical Services
- Law Enforcement & Public Safety
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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