About Commercial Helicopter
Commercial Helicopter is expected to grow significantly owing to the rise in usage of the helicopter for various purposes such as medical healthcare &emergency rescue services, tourism, transportation and offshore helicopter services. The rising per capita income coupled with aging fleet is propelling the market for a commercial helicopter. Reduced noise and improved speed are expected to improve and consider in the development of helicopter in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Manufacturers having a strong hold in the market are Lockheed Martin Corporation, Sikrosky Aircraft Corporation and Bell Helicopter Textron Inc.. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Commercial Helicopter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin Corporation (Sikorsky)(United States), Sikrosky Aircraft Corporation (United States), Bell Helicopter Textron Inc. (United States), MD Helicopters Inc. (United States), Robinson Helicopter Company (United States), Enstrom Helicopter Corporation (United States), Agustawestland (Italy), Hindustan Aeronautics Ltd (India), Leonardo S.p.A. (Italy), Russian Helicopters (Russia) and Korea Aerospace Industries Ltd (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AVIC Helicopter Company (China) and Airbus Helicopter (Airbus Group) (France).
Segmentation Overview
AMA Research has segmented the market of Global Commercial Helicopter market by Type (Light Helicopter (< 4.5 T), Medium Helicopter ( 4.5 to 8.5 T) and Heavy Helicopter (> 8.5 T)), Application (Geological Exploration, Hydropower Construction, Agriculture Industry and Others) and Region.
On the basis of geography, the market of Commercial Helicopter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engine Type, the sub-segment i.e. Single Engine will boost the Commercial Helicopter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Technological Advancement in Light Weight Helicopter Fleet Manufacturing, Multirole Combat Helicopters with Integrated Avionics and Weapons and Energy-Efficient Technology And Innovations
Market Growth Drivers:
Rise in Use of Helicopter for Touring, Transportation and VIP Movement, Improved Session Efficiency And Economical Life Cost Management Of Rotorcrafts, Increasing Medical and Emergency Rescue Services, Transportation and VIP Movement Globally and Upsurging Tourism Industry and Rise in Disposable Income
Challenges:
Scarcity of Licensed Pilots Owing to the Occupational Hazards and Surging Economic Uncertainties and Lack of Qualified Helicopter Maintenance Technicians
Restraints:
Stringent Regulatory Norms for Helicopter Manufacturing & Development and High Cost of Helicopters and Second-Hand Helicopters Sales
Opportunities:
Growing Tourism Industry In Developing Nations Such as Brazil, India and China and Offshore Gas & Oil Production, Exploration, Hems, Law Enforcement & Public Safety, And VIP Transport
Market Leaders and their expansionary development strategies
In May 2018, Lee County acquired Aibus H125s for Airborne Mosquito Control Mission.
Helicopter design, production, maintenance, and flying are all strongly regulated, and these regulations are the domain of national authorities. The two most important global regions are the USA, which is controlled by the FAA (Federal Aviation Administration), and the European Union (EU), which is regulated by the EASA (European Aviation Safety Agency). "The U.S. Department of Transportation’s Federal Aviation Administration (FAA) issued a rule that requires helicopter operators, including air ambulances, to have stricter flight rules and procedures, improved communications, training, and additional on-board safety equipment. The rule has made significant improvements to helicopter safety in decades and responds to government’s and industry’s concern over continued risk in helicopter operations."
Key Target Audience
System/Component Providers, Original Equipment Manufacturers, Subsystem Manufacturers, Aftermarket Operators, Ministry of Defense (across the globe), Technology Support Providers, Aviation Sector and Scientific Research Centers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.