$37.4 Billion Helicopters Market - Global Forecast to 2025 by Point Of Sale, Type, OEM Application, OEM Component & System, Aftermarket by Component & System, and Region - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 2, 2019--
The “Helicopters Market by Point Of Sale (OEM, Aftermarket), OEM Type (Light, Medium, Heavy), OEM Application (Military, Civil & Commercial), OEM Component & System, Aftermarket by Component & System, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The helicopters market is projected to grow from USD 31.7 billion in 2019 to USD 37.4 billion by 2025, at a CAGR of 2.8% during the forecast period.
Increased demand for military helicopters is expected to drive the growth of helicopters market.
The development of next-generation helicopters is one of the significant factors driving the growth of the market. In addition, increased automation, technological advancements, and expansion of the aviation industry are additional factors expected to lead to the growth of the helicopters market in the near future.
By application, the civil & commercial offshore helicopters segment is expected to grow at the highest rate during the forecast period.
By application, the offshore helicopters of the civil & commercial segment are expected to witness the highest CAGR because of the rise in offshore activities and demand from offshore rigs. The number of global offshore rigs has experienced steady growth over the last few years and is expected to see a further rise during the forecast period. This growth in offshore activities is expected to drive the demand for offshore helicopters.
By application, civil & commercial transport helicopters are expected to lead the market during the forecast period.
The transport helicopters segment is projected to lead the application market during the forecast period due to the 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 requirement 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 that are used for transport.
Asia Pacific helicopters aftermarket is expected to witness the highest CAGR during the forecast period.
The helicopters aftermarket has been segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Rest of the World. Asia Pacific is expected to grow at the highest rate. In terms of helicopters fleet size, Asia Pacific is ranked third after North America and Europe. Asia Pacific is considered a lucrative market for domestic and regional helicopters aftermarket players. The ageing fleet, increased military spending, and rise in demand for helicopters from developing countries have propelled the growth of the helicopters aftermarket in the region.
The helicopters market comprises major players such as Airbus Helicopters SAS (France), Bell Helicopters (US), The Boeing Company (US), Leonardo S.p.A. (Italy), Sikorsky-Lockheed Martin (US), Russian Helicopters (Russia), and Kawasaki Heavy Industries (Japan), among others.
For more information about this report visit https://www.researchandmarkets.com/r/gg69ht
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INDUSTRY KEYWORD: AIR TRANSPORT AEROSPACE MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/02/2019 09:53 AM/DISC: 12/02/2019 09:53 AM