Helicopter Market Size Global Update 2020 | Helicopter Industry Forecast 2026
Pune, Maharashtra, January 26, 2020 (Wired Release) Absolute Reports Pvt. Ltd Increasing usage of lightweight helicopters for commercial applications is set to boost the helicopter market growth during the forecast period. The global helicopter market size is projected to reach USD 68.36 Billion by 2026, exhibiting a CAGR of 4.47% during the forecast period.
Fortune Business Insights, in a the published report, titled, “Global Helicopter Market Size, Share Industry Analysis, By Type (Civil Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security, Others), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), Point of Sale (OEM and Aftermarket), and Regional Forecast, 2018-2026,” provided this information.
list of prominent companies that are operating in the global helicopter market is:
Lockheed Martin Corporation
Hindustan Aeronautics Limited (HAL)
Korea Aerospace Industries, Ltd.
Bell Helicopter Textron
Robinson Helicopter Company
The Boeing Company
MD Helicopters, Inc.
Kawasaki Heavy Industries, Ltd.
Russian Helicopters, JSC
What Does the Report Contain?
Elaborate information about the major helicopter market trends, drivers, hindrances, and other related challenges.
A thorough analysis of several vendors present in the market.
Competitive landscape consisting of new product launches, mergers, acquisitions, contracts, and joint ventures.
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Urgent Need for Helicopters from the Healthcare Industry to Drive Growth
In emerging countries, such as China and India, there is a rise in the number of smart city projects. Therefore, the governments are taking initiatives to enhance medical facilities. Several private hospitals are also following the government’s footsteps and investing huge sums in developing the healthcare infrastructure. All these factors are accelerating the demand for emergency medical services (EMS) helicopters.
Prominent healthcare service providers are utilizing these helicopters as air ambulances. It is mainly because air transportation possesses many benefits, namely, safe and fast transportation to any remote location. Also, the rate of human organ transportation is rising day by day. It is likely to augment the helicopters market outlook during the forecast period.
Aftermarket Segment to Lead: Replacement of Conventional Systems with Novel Ones to Favor Growth
In terms of point of sale, the helicopter market is grouped into aftermarket and OEM. Out of these, the aftermarket segment is anticipated to grow at a rapid rate in the coming years. This growth is attributable to the increasing demand for aftermarket systems and components as conventional components are being replaced with innovative systems. Moreover, the growing integration of MRO service providers with real-time data is expected to aid in increasing the efficiency of the helicopter.
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Rising Governmental Expenditure in Military Helicopters to Augment Growth in North America
North America is projected to lead by gaining the largest helicopters market share during the forthcoming years. It is likely to occur as the governments of several countries in this region are spending a huge sum of money on military helicopters. Apart from that, the demand for EMS helicopter is rising day by day in the U.S.
Asia Pacific, on the other hand, is expected to showcase rapid growth in the coming years. It is attributable to the presence of numerous industry giants, such as Kawasaki Industries and Hindustan Aeronautics Limited (HAL) in the region. Besides, in India, the government has begun spending a lot of money on the development of the defense. It is increasing the demand for military helicopters.
AirMed Acquires Air Medical to Bring in the Latter’s Fleet On Board Expand Operational Area
April 2019: AirMed International, a fee for service air ambulance airline based in the U.S., successfully acquired Air Medical, a provider of emergent air and ground ambulance programs. According to the officials of AirMed, the acquisition would enable the company to fulfill the increasing need for critical care transport. It will also enhance support for medical transport and area military as well as meet the requirement of healthcare in Texas. The acquisition will also help AirMed to expand its operations by bringing Air Medicals fleet on board.