Global Heavy-Lift Helicopter Market Size study & Forecast, by Point of Sale (OEM, Aftermarket) By Application (Military, Civil, Commercial) and Regional Analysis, 2022-2029

Global Heavy-Lift Helicopter Market Size study & Forecast, by Point of Sale (OEM, Aftermarket) By Application (Military, Civil, Commercial) and Regional Analysis, 2022-2029

Global Heavy-Lift Helicopter Market is valued approximately USD 17.51 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2022-2029. A heavy-lift helicopter is a type of rotorcraft designed to lift and transport heavy payloads. These helicopters are typically used for military operations, such as troop and equipment transport, as well as for commercial purposes such as construction and transportation of heavy equipment. The Heavy-Lift Helicopter market is expanding because of factors such as rise in importance of Emergency Medical Services and growing demand from the military segment.

Heavy-lift helicopters are characterized by their ability to lift large amounts of weight, typically up to 20,000 pounds or more. They are equipped with powerful engines, large rotors, and advanced avionics to enable them to perform their heavy-lift capabilities. Its prevalence has progressively increased during the last few decades. Emergency conditions can be occurred by various reasons such as natural calamities, terrorist attacks etc. For instance in Feb 2023, Ireland has sent its largest-ever airlift of emergency supplies to Turkey and Syria following the devastating earthquakes that hit the interior parts of the county. Two powerful tremors struck in south-eastern Turkey and northern Syria, as a result thousands of people have been confirmed dead across both countries. Amongst those affected insideSyria are Syrians were displaced in their own country and living in flimsy shelters, tents, and partially destroyed buildings. Such conditions need to be overcome with the help Heavy-lift helicopters. Another important component driving space increase is demand from the military segment. According to Statista, in 2021, the Unites States accounts 5463 military helicopters in their fleet followed by Russia with 1,543 military helicopters making it the second largest country for active combat helicopters in the world. In 2021, there were some 19,946 combat helicopters listed in military inventories worldwide. In addition, in 2021, North America had just over 5,500 active combat helicopters in its fleet, making it the largest market, closely followed by Asia-Pacific. Also, increased consumer spending on travel and a rise in the defense budget of nations would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Heavy-Lift Helicopter stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Heavy-Lift Helicopter Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players in the region. According to the Statista, in 2018, the North American helicopter market was worth USD 18.6 billion. It is expected to reach USD 25 billion by 2026. Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as the rising need to transport troops and equipment to the country's vast border, as well as the diverse and rugged landscape in the market place.

Major market player included in this report are:

The Boeing Company
Aviation Corporation of China,
Sky Aviation,
Enstrom Helicopter Corporation,
Lockheed Martin Corporation,
Airbus SE,
Trans Aero Ltd.
Russian Helicopters,
Erickson Incorporated,
Textron Inc.

Recent Developments in the Market:
In March 2023, Boeing Philadelphia announced the first production CH-47 F Block II Chinook helicopter has arrived at the final assembly stage. 20 militaries have over 950 Chinooks in the air, including 450 in the U.S. Army. Many of these aircraft have been remanufactured as technology advanced, and the Block II is the most recent upgrade.

Global Heavy-Lift Helicopter Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Point of Sale, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Point of Sale
OEM
Aftermarket

By Application
Military
Civil
Commercial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

The Boeing Company
Aviation Corporation of China,
Sky Aviation,
Enstrom Helicopter Corporation,
Lockheed Martin Corporation,
Airbus SE,
Trans Aero Ltd.
Russian Helicopters,
Erickson Incorporated,
Textron Inc.

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