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The global commercial helicopter market size is estimated to grow by USD 2.35 billion at a CAGR of 5.87% between 2022 and 2027. The global commercial helicopters market is witnessing growth propelled by factors such as increased adoption across various applications, the introduction of new and upgraded models, and a rise in acquisitions by key market players. These drivers contribute to expanding the market's reach and enhancing its offerings, catering to diverse industry needs and driving advancements in commercial helicopter technology.
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This market growth analysis extensively covers market segmentation by application (oil and gas, law enforcement and public safety, transport, and medical services), type (light, medium, heavy, and very large), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The oil and gas segment will account for a major share of the market's growth during the forecast period.?Commercial helicopter services play an important role in the oil and gas industry. Helicopters are used to maintain and inspect oil rigs, as well as transport crews to and from offshore facilities in demanding and dangerous open ocean environments. The global commercial helicopter market is expected to grow with increasing demand for crude oil due to increased offshore exploration and development activities for new oil platforms in shallow waters.
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The oil and gas segment was valued at USD 2.03 billion in 2017 and continued to grow until 2021.?Several investment plans have been approved to increase oil and gas production. This will lead to an increased demand for commercial surveillance helicopters. For instance, in July 2021, US-based Shell Offshore announced a final investment decision on Whale, a deepwater project in the US Gulf of Mexico. Project development for 2022 includes energy-efficient gas turbines and compression systems. An increase in oil and gas exploration and production projects is expected to increase the demand for commercial helicopters for geophysical or surveillance applications, which in turn propel the growth of the oil and gas segment of the market during the forecast period.
Based on type, the market has been segmented into light, medium, heavy, and very large. The light?segment will account for the largest share of this segment. Increasing budgets for purchasing commercial helicopters means that end users are looking for cheaper ways to get the same service. These helicopters are not only economical, they are also logistically superior. Small helicopters tend to be quicker to maneuver, faster to turn, and safer. These helicopters are able to land in tighter areas, can be easily towed if needed, and require less parking space. Therefore, such factors are expected to grow the demand for light commercial helicopters, which in turn is expected to propel the growth of the light helicopters segment in the market during the forecast period.
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North America is estimated to contribute 34% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The US and Canada are the leading countries in the regional commercial helicopter market. The US is the regional commercial helicopter market leader due to its extensive distribution system, large and skilled workforce, diverse products, and presence of major regional and international players. Lockheed Martin, Bell Helicopter, Boeing, Robinson Helicopters, and MD Helicopters are the region's largest commercial helicopter manufacturers. Moreover, the rising exploration and production projects in the oil and gas industry, growth in the tourism sector, and increased use of medical services due to accidents are expected to propel the growth of the regional market during the forecast period.
The market offers significant opportunities for manufacturers like Airbus Helicopters and Bell Helicopters. These rotorcraft serve diverse business and non-military purposes across various industries. From transportation and logistics to firefighting, film, and photography, commercial helicopters are indispensable rotary platforms. They play crucial roles in utility work, surveying, and supporting operations in the oil and gas industry, as well as law enforcement. Advanced technologies enhance engine performance and safety, ensuring reliability in demanding conditions. Despite economic fluctuations, capital investment and consumer spending continue to drive the market, supporting applications such as personal travel, aerial surveying, agriculture, and short-distance transportation, highlighting their versatility and importance in various sectors.
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Commercial helicopters offer a distinct advantage by accessing remote areas inaccessible to other transportation means. They possess the ability to land in confined spaces, exceeding twice the area of their rotor discs. Additionally, they boast cost-effectiveness compared to fixed-wing aircraft, attributed to lower purchase and operational expenses. Despite their mechanical complexity and limitations in speed and power range, commercial helicopters find diverse applications such as aerial photography, air ambulance, and firefighting. Advancements in helicopter technology, coupled with safe operation practices, drive their demand across industries like oil and gas, transportation, and law enforcement, fueling the expansion of the global commercial helicopter market.
With the emerging big data analytics tools, an entire fleet of helicopters can be monitored simultaneously to identify potential safety risks and ensure a safe journey for passengers. For instance, by analyzing flight data generated during the parts manufacturing cycle of commercial helicopters, it is possible to detect hazards that could hinder performance and cause problems in the operation of the helicopter at an early stage.
Furthermore, some commercial helicopter manufacturers use health and usage monitoring system (HUMS) data to improve the safety of helicopter travel. HUMS provides detailed health information on the helicopter system, used to perform proactive helicopter maintenance. As big data enables safer and cost-effective travel, many helicopter tour companies are integrating such services into their helicopters. Thus, such factors are expected to drive market trends during the forecast period.
Commercial helicopters have a high number of moving parts and components which raises the possibility of malfunction. If any part/component fails, the helicopter will lose control. In addition, because these parts are in constant motion, there is a high chance that they will wear out quickly, which may cause an accident. There are rising number of commercial helicopter crashes.
Moreover, the rapid increase in the number of accidents discourages tourists from traveling by helicopter. Although pilots are fully trained, technical problems can make them unable to control the aircraft and lead to loss of life and property. These challenges are expected to become major challenges that may impede the growth of the global commercial helicopter market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Airbus SE, Enstrom Helicopter Crop., Hindustan Aeronautics Ltd., Kaman Corp., Kawasaki Heavy Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Robinson Helicopter Co. Inc., and Rostec, Textron Inc.
Technavio's market research and growth report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market continues to witness significant growth driven by various operational impacts and expanding applications. Helicopters play a crucial role in rescuing individuals, conducting aerial surveys, transportation, logistics, firefighting, and utility work. With advancements in rotorcraft technology and safety aspects, helicopters are increasingly utilized for business purposes such as film and photography, survey work, and personal travel. Multi-engine helicopters offer redundancy and safety against engine failure, enhancing their suitability for tasks like aerial surveying, light utility, and short-distance transportation. Factors such as economic conditions, capital investment, and consumer spending influence market dynamics, alongside acquisition and maintenance costs. Key players like Airbus Helicopters and Enstrom Helicopter Corporation drive market expansion, particularly in regions like the Asia-Pacific, including Mainland China and India, where initiatives like UDAN 5 promote air connectivity and remote area access.
In addition to their roles in rescue operations and non-military purposes, commercial helicopters serve as vital rotary platforms for various industries. They integrate advanced technologies to enhance engine performance, adapting to the evolving needs of sectors like agriculture, where they conduct tasks such as crop dusting and spraying. The helicopter market encompasses diverse segments, including the single-engine segment, which caters to applications like pilot training and agricultural operations. Key players like Air Corporate (Italy) and CITIC Offshore Helicopter Company (COHC) contribute significantly to market growth, particularly in the Asia-Pacific region, supported by government initiatives such as UDAN 5 in India, which focus on procurement and air connectivity, especially in remote North-Eastern states.
The market growth and forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Commercial Helicopters Market Scope |
|
Market Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.87% |
Market growth 2023-2027 |
USD 2,346.01 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
4.68 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, Enstrom Helicopter Crop., Hindustan Aeronautics Ltd., Kaman Corp., Kawasaki Heavy Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Robinson Helicopter Co. Inc., Rostec, Textron Inc., and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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