Albany, US, 2017-Sep-18 — /EPR Network/ — A comprehensive research report titled “Helicopter Seating Market: Global Market Share, Industry Analysis, Trends, Growth and Forecasts 2017-2025,” included in the research library of Market Research Report Search Engine (MRRSE) conveys a brief market understanding including trends, challenges, opportunities, restraints and drivers that have deep influence on the growth of the global helicopter seating market. This research study covers a detailed segmentation across important geographies of Asia Pacific (APAC), North America, Europe, Middle East and Africa (MEA) and Latin America. An in-depth market analysis along with forecasts for the assessment period 2017-2025 is presented in the report on the global helicopter seating market and a statistical data analysis has been carried out with a continuous market tracking since 2012.
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Global Helicopter Seating Market: Forecast
The global helicopter seating market is expected to grow at an exponential CAGR of 12.0% during the assessment period 2017-2025. The market is estimated to be valued at US$ 1.7 Bn in 2017 and with this enormous growth rate, is estimated to reach US$ 4.3 Bn by the end of 2025.
Global Helicopter Seating Market: Category Analysis
Global helicopter seating market has been segmented into categories such as type (passenger, crew and others), application (utility, VIP, air medical applications and others) and by geography.
- Utility segment by application is poised to dominate the global helicopter seating market with respect to revenue share, followed by the medical applications segment. The VIP segment is expected to experience low sales owing to a higher price per unit; however, will have a significant relevance in the global helicopter seating market
- North America is anticipated to dominate the global helicopter seating market. United States is the main contributor of growth in the North America region. North America is expected to grow at a CAGR of 10.1% during the forecast period
- Europe also shows high potential in the growth of the global helicopter seating market owing to an increase in air medical services and use of helicopters in this sector
- The Asia Pacific region is projected to grow at a robust CAGR of 13.8% during the assessment period 2017-2025 and is a vital growth region for the global helicopter seating market in the coming years
Global Helicopter Seating Market: Dynamics
There has been a rise in the application of helicopter seats in the tourism sector as well as in the military and defense sectors. This has contributed to the growth of the global helicopter seating market. According to market observations, monopoly is absent in this market and hence there is no entry barrier. This presents good opportunity and scope for the global helicopter seating market to expand in the coming years. However, a main challenge faced by small sized and medium sized players is in establishing a manufacturing work place for helicopter seating as it needs huge resources and capital funds. Increase in expenditure in the military sector and increasing investments by manufacturing players dealing with aircraft seating has greater impact on the global helicopter seating market. Technological advancements have made it possible to develop technically sound products. Due to developments in technology, helicopter seats can offer safety and comfort. Moreover, incidences of accidents have gone down due to improvements in helicopter seating manufacturing technologies. This has contributed to the growth of the global helicopter seating market. Also, consumption of helicopter seating in military helicopters on a large scale coupled with increasing demand for VIP helicopters is fueling revenue growth of the global helicopter seating market. A growing aviation industry and increasing demand for quick transportation from high net worth individuals are the main motivators of revenue growth in the global helicopter seating market.
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Global Helicopter Seating Market: Competition Landscape
The research report on the global helicopter seating market covers a detailed analysis on the various key players present in the market, in a separate competitive analysis section. Tier players such as UTC Aerospace Systems, Oregon Aero, Inc., Zodiac Aerospace, Stelia Aerospace, Rockwell Collins, Inc., and Martin-Baker Aircraft Co. Ltd., are included.
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