Key Emerging Trends in Helicopters Market

Northbrook, USA, 2019-Dec-11 — /EPR Network/ —

The helicopters market considered for this study comprises the OEM and aftermarket platforms, wherein OEM is the market for helicopters, and the aftermarket involves the replacement of parts of helicopter components & systems.

The helicopters market also covers helicopters of various types—military, civil, and commercial—as well as their applications. The services market for helicopters, which consists of helicopter services such as leasing, maintenance, and air taxi, is also covered in this study.

MarketsandMarkets projects the global helicopters market to grow from USD 31.7 billion in 2019 to USD 37.4 billion by 2025, at a CAGR of 2.8% from 2019 to 2025. One of the major factors driving market growth is the increased demand for lightweight helicopters.

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By point of sale, the OEM segment is expected to grow at the highest CAGR during the forecast period owing to the increase in helicopter deliveries as well as the order book. Increased automation, technological advancements, and the development of next-generation helicopters are other factors driving the demand for the replacement of old helicopters with new ones.

By application, the military segment of the helicopters market is expected to grow at a higher CAGR during the forecast period. Militaries across the world are strengthening their combat capabilities by investing in attack & reconnaissance helicopters. Countries such as the US, China, and India were among the highest spenders in the military sector in 2018. This need to strengthen the military rotorcraft fleet has led to higher procurement of military helicopters. This is expected to drive the growth of the military helicopters segment at the highest rate during the forecast period.

In terms of geographic coverage, the helicopters OEM market has been segmented into four regions, namely, North America, Europe, Asia Pacific, and Rest of the World. The market in Europe is expected to grow the fastest owing to substantial military spending programs and the presence of helicopter OEMs such as Airbus (France), Russian Helicopters (Russia), and AgustaWestland (Leonardo) (Italy). In recent years, the use of helicopters has increased significantly in applications such as transportation, oil & gas exploration, emergency medical services, mining, firefighting, and forestry, resulting in an increase in the number of orders for new helicopters. Technological innovations in stability augmentation systems and the enhanced load-bearing capacities of helicopters have contributed to the growing demand for advanced helicopters in the European region.

As per the International Quality and Productivity Center (US) Global Military Helicopters 2018-2019 Market Update, approximately 21,000 military helicopters are currently in service in 153 countries, with over 3,500 on order in over 60 countries.

The helicopters market is driven by various factors, one of which is the increasing demand for military helicopters. The market for military helicopters is projected to grow due to the replacement of aging helicopter components and systems and capacity expansion programs in emerging economies. The development of next-generation compound and tilt helicopters is also expected to contribute toward a larger share of the helicopters market within the next decade and result in a significant number of helicopter replacements and capability expansions.

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