Global Helicopter Market Size, Growth Opportunities, Business Outlook, Leading Players and Forecast to 2029
Global Helicopter Market: size was valued at USD 46.70 Bn. in 2021. Military, one of the segments reviewed in our report is dominating the market.
Global Helicopter Market Overview:
The market research study Global Helicopter Market analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. Key actors, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.
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Global Helicopter Market Dynamic:
The worldwide helicopter market is expected to develop as these flying vehicles have low maintenance costs, which will benefit the market's overall growth. In comparison to winged aircrafts and planes, the Helicopter has a simple design and uses fewer moving parts, which is one of the major reasons for its growing popularity in the worldwide aircraft market.
Furthermore, the helicopter's engine is less complicated to operate, resulting in greater reliability. Helicopters are noted for their lengthy operating life and working time and overhaul (TBO) as compared to other aircraft engines, which have a shorter TBO. Moreover, low maintenance cost of helicopter engines than other rotary machines and improved flight dynamics provided by prominent players in the market are the key factors driving the product demand. According to Helicopter Association International (HAI), sales of military helicopters was approximately 29.2 billion USD in year 2019 and civil helicopters accounted for 17.82 billion USD in terms of sales.
Using both primary and secondary research approaches, we researched the Global Helicopter Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analyzed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Following the successful completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Top-down and bottom-up procedures, as well as numerous data triangulation methods, were frequently used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
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Global Helicopter Market Segmentation:
These are rotor aircraft used for non-military purposes. In particular, they are aircraft used by civilian aviation and private companies to transport passengers. Civil helicopters are mainly used for government institutions, emergency services and hospital services. Rising prevalence of COVID pandemic and need for isolated transportation of patients from one hospital to other made possible by civil helicopters in 2020. Also, they played important role in rescue and training in floods situations in Japan, China, Australia and other countries.
Hence, increasing dependency of government institutions and emergency services on civil helicopters is the key factor considered to drive the segment growth.
Global Helicopter Market Key Players:
• Airbus Helicopter Inc. (Airbus Group)
• Agusta Westland
• Bell Helicopter
• Korea Aerospace Industries (KAI)
• PZL Swidnik
• Enstrom Helicopter Corporation
• Kaman Aerospace
• Sikorsky Aircraft Corporation.
• Columbia Helicopters
• Leonardo S.p.A.
• Lockheed Martin Corporation (Sikorsky)
• MD Helicopters Inc.
• Boeing Rotorcraft Systems
• Jiangxi Changhe Aviation Industry Co., Ltd.
• Robinson Helicopter Company
• Russian Helicopters, JSC
• Bell Helicopter Textron Inc.
Primary and secondary research is used to identify industry leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry professionals such as seasoned front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
Global Helicopter Market Regional Analysis:
The report covers both qualitative and quantitative data and gives an in-depth look into the Global Helicopter industry area by region. It gives a segment-by-segment overview and forecast of the worldwide Global Helicopter market. It also estimates the market size and forecasts for five major regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Global Helicopter market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Global Helicopter Market:
We researched and analyzed the Global Global Helicopter Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Global Helicopter industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this study looked into the markets of major countries and highlighted their market potential in post-pandemic scenarios.
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Key Questions Answered in the Global Helicopter Market Report are:
- What are the most promising high-growth opportunities in the global Global Helicopter sector, as defined by product category, End User, and Region?
- Which Global Helicopter market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Global Helicopter market dynamics? What are the primary drivers and obstacles in the Global Helicopter market?
- What are the Global Helicopter market's weaknesses and threats?
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