Enjoy complimentary customisation on priority with our Enterprise License!
The commercial helicopters market size is forecast to increase by USD 2.14 billion at a CAGR of 5.18% between 2023 and 2028.
The commercial helicopters industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experiences significant growth due to its extensive applications in various sectors. In emergency services and public safety, helicopters are utilized for search and rescue, medical services, and law enforcement. Firefighting operations also rely on helicopters for aerial water drops and reconnaissance. The oil and gas industry leverages helicopters for offshore applications, including transportation, drilling, and inspection. Operational technology, air travel, and remote area access are other significant industries utilizing helicopter services. Advanced avionics systems, satellite navigation, and fuel efficiency are essential features driving market growth. Safety features, noise reduction, and luxury travel experiences further expand the market's scope.
Medium, heavy, and light helicopters cater to diverse applications, from aerial work and passenger transportation to medical evacuation and VIP transport. The market's growth is attributed to increasing demand for operational efficiency, safety, and environmental sustainability. Helicopter service providers, leasing companies, and fleet expansion contribute to the market's expansion, with ongoing training and technological advancements shaping the industry landscape.
Get a glance at the Commercial Helicopters Industry report of share of various segments Request Free Sample
The Oil and gas segment was valued at USD 2.11 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
The market in North America dominates the global landscape due to the region's significant demand for helicopters in various applications, including emergency services, law enforcement, firefighting, oil and gas, and passenger transportation. Key players in this market include air charter companies and VIP/corporate entities. The US and Canada are major contributors to the North American market, driven by their extensive distribution networks, large workforce, and diverse offerings. The adoption of commercial helicopters for applications such as air ambulance, medical evacuation, and surveillance continues to fuel market growth. Advanced avionics systems, satellite navigation, engine performance enhancement, and noise reduction are some of the key trends shaping the market.
The market also caters to non-military applications such as tourism, film and photography, survey work, and logistics. Government agencies and para-public bodies are significant consumers of commercial helicopters for firefighting, border patrol, and coast guard operations.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in adoption of commercial helicopters in multiple applications is the key driver of the market.
Integration of big data with helicopter avionics is the upcoming market trend.
What challenges does the Commercial Helicopters Industry face during its growth?
Mounting number of accidents involving commercial helicopters is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The commercial helicopters market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the commercial helicopters market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, commercial helicopters market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Airbus SE - The commercial helicopter market encompasses various twin-engine models, including the H145, H155, and H160. These helicopters cater to diverse industry applications, offering enhanced performance and versatility. The H145, a light twin-engine helicopter, delivers superior agility and efficiency for executive transport, emergency medical services, and law enforcement missions. The H155 medium twin-engine helicopter provides increased capacity and range, making it an ideal choice for offshore transport, search and rescue, and passenger transport. Lastly, the H160 medium twin-engine helicopter offers optimized cabin space and advanced technology, catering to the needs of corporate clients and VIP transportation. Overall, these helicopters contribute significantly to the commercial helicopter market by addressing the evolving demands of various industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Commercial helicopters play a vital role in various industries and applications, offering unique solutions for businesses and organizations. These rotorcrafts are versatile machines, capable of providing essential services in diverse sectors such as emergency services, public safety, oil and gas, and transportation. The commercial helicopter market is driven by several factors, including the increasing demand for efficient and quick response in emergency situations. Helicopters are often the preferred choice for search and rescue missions, law enforcement, and firefighting operations due to their agility and ability to reach remote areas. In the oil and gas industry, helicopters are utilized for offshore transportation and survey work, ensuring the safe and efficient operation of offshore facilities.
Operational technology continues to advance In the helicopter industry, with improvements in fuel efficiency, safety features, and navigation systems. Advanced avionics systems and satellite navigation technologies have enhanced the capabilities of commercial helicopters, enabling them to perform more complex tasks and operate in challenging environments. The demand for commercial helicopters extends beyond traditional applications. The tourism industry has embraced helicopter travel as a unique and exclusive experience, offering passengers breathtaking views of scenic landscapes and hard-to-reach destinations. Luxury travel and VIP transport are also growing segments, catering to the needs of high net worth individuals and corporations. Noise reduction is a significant concern In the helicopter market, with manufacturers and operators continuously investing in technologies to minimize noise emissions.
Accident rates have been a focus area for helicopter service providers, with a strong emphasis on training and safety features to ensure the highest levels of safety for passengers and crew. Leasing companies and fleet expansion are essential aspects of the commercial helicopter market, providing flexible financing solutions for organizations and enabling them to upgrade their fleets with the latest technology. The drone industry is also impacting the helicopter market, with some companies exploring the use of drones for specific applications to reduce operational costs and enhance capabilities. The commercial helicopter market is diverse and dynamic, with applications ranging from emergency medical services and firefighting operations to aerial work, passenger transportation, and logistics.
The market is expected to continue growing, driven by the increasing demand for efficient and effective solutions in various industries and applications. Environmentally friendly aircraft is a growing trend In the aerospace and defense industry, with helicopter manufacturers focusing on reducing emissions and improving fuel efficiency. The use of lightweight helicopters and advanced engine performance enhancements are some of the strategies being employed to address this trend. The helicopter market is also impacted by the needs of the tourism industry, with helicopter tours and scenic flights offering unique experiences for travelers. The use of helicopters in film and photography, survey work, and humanitarian efforts further highlights the versatility of these machines.
In conclusion, the commercial helicopter market is a dynamic and diverse industry, offering essential services and solutions across various sectors. The market is driven by factors such as operational technology advancements, demand for quick response in emergency situations, and the need for efficient and effective transportation solutions. The future of the commercial helicopter market looks promising, with continued innovation and investment in technology and applications.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
161 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
|
Market growth 2024-2028 |
USD 2138.8 million |
|
Market structure |
Concentrated |
|
YoY growth 2023-2024(%) |
4.83 |
|
Key countries |
US, UK, Germany, China, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this commercial helicopters market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
