Industry Background:
Upsurge in the demand for helicopters for various military and commercial applications is the main driver for the global helicopter engine market in the forecasted period. Moreover, the helicopters find their use in many applications nowadays even in the commercial sector. The helicopter employs the two most common type of engines such as the reciprocating or piston cylinder engines and the gas turbines engines.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Safran SA (France), United Technologies Corporation (United States), Rolls-Royce Holding PLC (United Kingdom), Honeywell International Inc. (United States), Hindustan Aeonautics Limited (India), Turkish Aerospace Industries (Turkey), Pratt and Whitney Corporation, GE Aviation (United States), Lycoming (United States) and Winnipeg Aero Space Products (Canada) |
According to AMA, the market for Helicopter Engines is expected to register a CAGR of 5.3% during the forecast period to 2030. This growth is primarily driven by The Rise in the Usage of a Helicopter and High Demand for the Helicopter in the Commercial and Military Sector.
Globally, a noticeable market trend is evident Increasing Customer Concern for More Equipped and Advanced Avionics and Flight Safety
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Safran SA (France), United Technologies Corporation (United States), Rolls-Royce Holding PLC (United Kingdom), Honeywell International Inc. (United States), Hindustan Aeonautics Limited (India), Turkish Aerospace Industries (Turkey), Pratt and Whitney Corporation, GE Aviation (United States), Lycoming (United States) and Winnipeg Aero Space Products (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global helicopter engine market is fragmented because of the presence of key players. The need for improving the helicopter engine performance has become one of the main areas of concentration for the helicopter manufacturers, as fuel economy is also one of the main factors that decrease the operating expenses of the helicopters. Helicopter manufacturers are upgrading to more efficient engines in their new helicopter models.
Key Developments in the Market:
In February 2023, Safran Helicopter Engines announced a partnership with Airbus Helicopters to develop and produce the next-generation engine for the H160M military helicopter.
On October 17, 2022, Pratt & Whitney Canada announced the launch of its new PW113G-JM engine, specifically designed for the Leonardo AW609 tiltrotor aircraft. This engine promises improved fuel efficiency and performance for the AW609.
Influencing Trend:
Increasing Customer Concern for More Equipped and Advanced Avionics and Flight Safety and The Rise in the Number of Air Ambulance Services
Market Growth Drivers:
The Rise in the Usage of a Helicopter and High Demand for the Helicopter in the Commercial and Military Sector
Challenges:
Requirements of High Initial Investments
Restraints:
High Complexity
Opportunities:
Huge Demand in The emerging Countries such as India
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Helicopter Engines Market
- Analysis about New Entrants in Helicopter Engines Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Helicopter Engines Study Sheds Light on
The Helicopter Engines Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Helicopter Engines industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Helicopter Engines industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.