According to the latest report published by Variant Market Research,the global helicopters market size is projected to reach $37.87 billion by 2025. In this report, helicoptersmarket forecast says that the global market is growing at a CAGR of 4.5% from 2017 to 2025. By geography, Asia-Pacific is expected to gain the fastest CAGR during the forecast period. Helicopters are used in the aircraft industry as they can move straight up or down as well as can take off & land without a runway. These helicopters have widespread applications in many end-use industries like defense, medical devices, oil & gas, law enforcement, disaster recovery management and many other end use industries.
Helicopters Market (By Components & Systems: Airframe, Engine; By Type: Military Helicopters, and Civil & Commercial Helicopters; By Point of Sale: OEM, and Aftermarket; By Aftermarket Components & Systems; ADS-B, Rotor Blades, HGPWS, ACAS-II, Tires, Skids & Bear Paws, Windows & Windshields, Noise Reduction Systems, Emergency Floatation Systems, Door & Seats, Insulation System, Inflight Entertainment System, Actuators, LED lights, and Filters (Turbine, Others); By Application: Military, and Civil & Commercial; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
High demand of technologically advanced combat helicoptersdrives the global helicopters market
The global helicopters market trend includes high demand of technologically advanced combat helicopters, rising inclination towards civil helicopters, and growing up-gradation of existing fleet. Though, huge cost related with new technology might act as a roadblock for the global helicopters market growth. Moreover, growing compliance for helicopters in the developing economies would offer several opportunities for the market in the coming years.
Components & systems, type, point of sale, aftermarket components & systems, application, and geography are the classification of the global Helicopters market. The components & systems segment is categorized into airframe, and engine. Type comprises military helicopters, and civil & commercial helicopters. OEM and aftermarket are the segregation of point of sale segment. Aftermarket components & systems segment is sub-segmented into ADS-B, rotor blades, HGPWS, ACAS-II, tires, skids & bear paws, windows & windshields, noise reduction systems, emergency floatation systems (floats, life rafts, and life vests), door & seats, insulation system, inflight entertainment system, actuators, LED lights, and filters (turbine, others). On the basis of application, the segmentation includes military (attack & reconnaissance, maritime, transport, search & rescue, training, and others), and civil & commercial (civil utility, transport, emergency rescue & medical support, and others).
Geographically, global helicopters market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further split in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Airframe, by components & systems projected to dominate the helicopters market over the forecast period
On the basis of components & systems, airframe segment is projected to dominate the helicopters market during forecasted period.The helicopters market has been bifurcated on the basis of components & systems into airframe and engine. The airframe segment is anticipated to dominate the market over the forecast period. Airframe segment is further categorized into aerostructures, anti-torque system, main rotor system, transmission system, electrical system, avionics, and special purpose system, among others. All these components & systems together account for nearly 90% of the total cost of a helicopter. This is the main reason for the dominance of the airframe segment over the forecast period.
Military, by applicationis anticipated to lead the helicopter market between 2017 and 2025
Military, by application is predicted to lead the helicopter market between 2017 and 2025.Military helicopters are used in many attack missions, like air-to-air combat, and maritime/naval attack. Helicopters are also used in various other defense operations, like search & rescue, surveillance, observation, and evacuation of injured soldiers from the front lines. Helicopters are widely used by militaries in the world. Owing to this, it is expected that the military application segment of the helicopter market is likely to dominate over the forecast period.
North America is projected to account for the second largest share of the helicopters market in 2017
North America is projected to account for the second largest share of the helicopters market in 2017. Technological developments in the helicopters OEM have led to expansion in the operational capacities of helicopters as well as their ability to hover, take-off, & land, thus growing the applicability of helicopters in commercial & military sectors. Increased demand for helicopters for civil & commercial applications in the region is driving factor for the growth of the helicopters market in the region.
Key players are offering innovative products and services to increase their helicopters market share. Main players competing in the market include Airbus Helicopters Inc., Korea Aerospace Industries, Ltd., Russian Helicopters, JSC, Hindustan Aeronautics Limited, Bell Helicopters, Textron Inc, Columbia Helicopters, Robinson Helicopter Company, Boeing, and Leonardo S.p.A., and Lockheed Martin Corporation, among others.