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The global helicopter market size is projected to grow from USD 21.3 billion in 2020 to USD 36.9 billion by 2025, at a CAGR of 11.7% from 2020 to 2025 – PowerPoint PPT presentation

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Title: ranamnm


1
Helicopters Market worth 36.9 billion by 2025
The report "Helicopters Market by Point
Of Sale (OEM, OEM
Aftermarket), OEM Type (Light, Medium,
Heavy),
Application (Military, Civil Commercial), OEM
Number of Engine, OEM Component System,
Aftermarket by Component System, and Region -
Global Forecast to 2025", size is projected to
grow from USD 21.3 billion in 2020 to USD 36.9
billion by 2025, at a CAGR of 11.7 from 2020 to
2025. Increased demand for military helicopters
is a significant growth driver for the
helicopters market. Increased demand for light
weight and emergency medical services (EMS)
helicopters are other drivers for the
market. Download PDF Brochure https//www.market
sandmarkets.com/pdfdownloadNew.asp?
id253467785 The helicopter market includes
major players Airbus Helicopters SAS (France),
Bell Helicopters (US), The Boeing Company (US)
and Leonardo S.p.A. (Italy). These players have
spread their business across various countries
includes North America, Europe, Asia Pacific,
Middle East, Africa, and South America. COVID-19
has impacted their businesses as well. Industry
experts believe that COVID-19 could affect
helicopter production and services by 710
globally in 2020. By type, the light (lt3.1 tons)
civil commercial segment is projected to grow
at a higher CAGR during the forecast period.
2
More than 50 of the global civil commercial
helicopter deliveries in 2018 were light
helicopters, mainly due to their operational
efficiency and easy maneuverability, which are
essential for civil commercial applications
such as transport, civil utility, and offshore,
among others. High demand for civil commercial
applications such as short distance air transport
and a rise in the number of offshore rigs have
also fueled the demand for light helicopters. By
application, civil commercial transport
helicopters are
during the
expected to lead the market for helicopters
forecast period. The transport helicopters segment
is projected
to lead the the
application market during the forecast period due
to
increasing demand for helicopters as a mode of
inter- and intra- city transport. The vertical
take-off and landing (VTOL) capabilities of
helicopters, along with the lower space
requirements for helipads as compared to
airports, are the main factors fueling this
demand. Travel by helicopter also saves time as
compared to other modes of transport, which is
another factor contributing to the demand for
light and medium transport helicopters. North
America is expected to lead the helicopters OEM
market during the forecast period. North America
is estimated to account for the largest share of
the helicopters in 2020. The US was the highest
military spender in 2019, with a large chunk of
the investment focused on the procurement of
various military helicopters. The US is a
lucrative market for helicopter OEMs in the
North American region as the government is
investing increasingly to enhance the quality and
effectiveness of helicopters and their systems.
For instance, in September 2018, Boeing (US) won
a USD 2.4 billion helicopter contract from the
US Air Force for the procurement of 84 Boeing
MH-139 helicopters.
3
Along with this, the demand for civil
commercial helicopters is continually
increasing. Civil usage of helicopters for
transport and emergency services has also
generated a demand for helicopters for civil
applications in the US. As per the University of
Chicago Aeromedical Network, in 2018,
approximately 900 helicopters undertook 300,000
flights as air ambulances. North America also has
a presence of major helicopter manufacturers
Companies such as Bell Helicopter Textron Inc.
(US), Boeing (US), and Lockheed Martin
Corporation (US), among others. Dont miss out
on business opportunities in Helicopters Market.
Speak to our analyst and gain crucial industry
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4
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