Helicopter Mro Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Helicopter Mro Services Market
The helicopter mro services market size was valued at USD 7.21 billion in 2020, and the market is now projected to grow from USD 7.48 billion in 2021 to USD 10.23 billion by 2028, exhibiting a CAGR of 4.57% during the forecast period of 2021-2028.
The MRO industry has gone through good sized modifications within the ultimate decade, with agencies like Airbus SAS, Heli-One, and Honeywell International, Inc. Collaborating to mitigate monetary disruptions due to the pandemic. They also are remodeling their product portfolio and delivery chain environment to minimize the impact. While demand for helicopter MRO offerings is anticipated to decline in 2020 and 2021, organizations like Airbus SAS and Rolls Royce PLC are designing value-green online platform offerings and launching cell-based software program to simplify renovation. They also are growing helicopter fleets for emergency medical offerings to help overcome the economic effect of the pandemic.
The Hour (PBH) Power software, often referred to as assistance by using the hour or value by means of the hour, is a broadly used settlement between helicopter MRO suppliers and operators. It involves the MRO presenting a fixed quantity of components or periodic preservation to the operators at some stage in a predetermined contract duration. PHB is gaining popularity because of its benefits, including reduced economic threat, particular maintenance value projection, and clean issue protection accessibility.
In March 2019, corporations like Royal Netherlands Aerospace Centre and KLM carried out Microsoft HoloLens AR goggles for MRO education. These Al-based goggles visualize and train trainees on a scaled 3D model of helicopter elements and systems, facilitating the helicopter MRO services market growth.
Comprehensive Analysis of Helicopter Mro Services Market
The helicopter market is divided into lightweight, medium-weight, and heavy-weight segments, with the lightweight segment expected to grow the fastest due to rising demand from countries like China and India for emergency medical services and commercial operations. Medium-weight helicopters are expected to grow at the highest CAGR due to their use in military operations, while heavy-weight helicopters are expected to show moderate growth. The market is classified into flight inspection, power by the hour, overhaul, repairs, and other segments based on service operators. The flight inspection segment is expected to grow significantly due to increasing helicopter accidents and the need for periodic evaluation of navigational aid and flight procedures. Power by the hour segment is expected to dominate the market, helping operators project accurate service costs and reduce breakdown costs. The overhaul services segment includes disassembly, inspection, cleaning, repair, reassembly, and testing of aircraft or components. The global market is categorized into civil and military helicopters, with the civil segment holding the highest market share due to the presence of commercial helicopters in the U.S.
The North America region lead the helicopter mro services market share by benefitting a market size of USD 3.09 billion in 2020 due to procurement of superior helicopters, primary MRO service providers, OEMs, and the fast expansion of the aviation region. The presence of MRO carrier providers like ST Engineering, Aerospace, HAECO Group, AAR, and Aviation Technical Services drives the market throughout the U.S.
Airbus Helicopters gives legal services thru 30 purchaser centers and 96 MRO provider centers international. The company presents a wide variety of wellknown upgrade solutions based on service bulletins and supplemental kind certificates. This standardization permits for shorter lead times and value-effective offerings. Key agencies within the listing encompass Airbus SAS, Heli-One, Honeywell International Inc., Leonardo S.P.A., MTU Aero Engines AG, Rolls-Royce Plc, Safran Group, StandardAero, Texttron Inc., and Raytheon Technologies Corporation.
Erickson Inc. and Bell Textron Inc. entered into agreements to transfer type certificates for the 214ST and B/BI helicopters to Erickson Incorporated.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
BY MRO Service Operators, HElicopter Type, Application, and Geography
BY Helicopter Type
Light Weight
Medium Weight
Heavy Weight
By MRO Service Operators
Flight Inspection
Power By Hour
Overhaul
Repairs
Others {Avionics, Drive shaft, Rotor Blades}
By Application
Civil {Emergency Medical Services, Corporate Services, Search and Rescue, and Others}
Military
By Geography
North America (BY MRO Service Operators, Helicopter type, and Country)
- The U.S. (By Helicopter Type)
- Canada (By Helicopter Type)
- The U.K. (By Helicopter Type)
- Germany (By Helicopter Type)
- France (By Helicopter Type)
- Italy (By Helicopter Type)
- Russia (By Helicopter Type)
- Rest of Europe (By Helicopter Type)
- China (By Helicopter Type)
- India (By Helicopter Type)
- Japan (By Helicopter Type)
- Rest of Asia-Pacific (By Helicopter Type)
- The Middle East & Africa (By Helicopter Type)
- Latin America (By Helicopter Type)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Global Helicopter MRO Services Market
- 5.1. Impact of the COVID-19 pandemic on the Global Helicopter MRO Services Market
- 5.2. Steps taken by Industry/ Companies/ Heavy Weights to overcome the impact
- 5.3. Key Developments in the Industry in Response to COVID-19 pandemic
- 5.4. Potential opportunities due to COVID-19 Outbreak
- 6. Global Helicopter MRO Services Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Helicopter Type
- 6.2.1.1. Light Weight
- 6.2.1.2. Medium Weight
- 6.2.1.3. Heavy Weight
- 6.2.2. By Application
- 6.2.2.1. Civil {Emergency Medical Services, Corporate Services, Search and Rescue, and Others}
- 6.2.2.2. Military
- 6.2.3. By MRO Service Operators
- 6.2.3.1. Flight Inspection
- 6.2.3.2. Power By Hour
- 6.2.3.3. Overhaul
- 6.2.3.4. Repairs
- 6.2.3.5. Others {Avionics, Drive shaft, Rotor Blades}
- 6.2.4. By Region
- 6.2.4.1. North America
- 6.2.4.2. Europe
- 6.2.4.3. Asia pacific
- 6.2.4.4. Rest of the world
- 7. North America Helicopter MRO Services Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Helicopter Type
- 7.2.1.1. Light Weight
- 7.2.1.2. Medium Weight
- 7.2.1.3. Heavy Weight
- 7.2.2. By Application
- 7.2.2.1. Civil
- 7.2.2.2. Military
- 7.2.3. By MRO Service Operators
- 7.2.3.1. Flight Inspection
- 7.2.3.2. Power By Hour
- 7.2.3.3. Overhaul
- 7.2.3.4. Repairs
- 7.2.3.5. Others
- 7.2.4. By Country
- 7.2.4.1. The U.S.
- 7.2.4.1.1. By Helicopter Type
- 7.2.4.1.1.1. Light Weight
- 7.2.4.1.1.2. Medium Weight
- 7.2.4.1.1.3. Heavy Weight
- 7.2.4.2. Canada
- 7.2.4.2.1. By Helicopter Type
- 7.2.4.2.1.1. Light Weight
- 7.2.4.2.1.2. Medium Weight
- 7.2.4.2.1.3. Heavy Weight
- 8. Europe Helicopter MRO Services Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Helicopter Type
- 8.2.1.1. Light Weight
- 8.2.1.2. Medium Weight
- 8.2.1.3. Heavy Weight
- 8.2.2. By Application
- 8.2.2.1. Civil
- 8.2.2.2. Military
- 8.2.3. By MRO Service Operators
- 8.2.3.1. Flight Inspection
- 8.2.3.2. Power By Hour
- 8.2.3.3. Overhaul
- 8.2.3.4. Repairs
- 8.2.4. By Country
- 8.2.4.1. The U.K.
- 8.2.4.1.1. By Helicopter Type
- 8.2.4.1.1.1. Light Weight
- 8.2.4.1.1.2. Medium Weight
- 8.2.4.1.1.3. Heavy Weight
- 8.2.4.2. Germany
- 8.2.4.2.1. By Helicopter Type
- 8.2.4.2.1.1. Light Weight
- 8.2.4.2.1.2. Medium Weight
- 8.2.4.2.1.3. Heavy Weight
- 8.2.4.3. France
- 8.2.4.3.1. By Helicopter Type
- 8.2.4.3.1.1. Light Weight
- 8.2.4.3.1.2. Medium Weight
- 8.2.4.3.1.3. Heavy Weight
- 8.2.4.4. Italy
- 8.2.4.4.1. By Helicopter Type
- 8.2.4.4.1.1. Light Weight
- 8.2.4.4.1.2. Medium Weight
- 8.2.4.4.1.3. Heavy Weight
- 8.2.4.5. Russia
- 8.2.4.5.1. By Helicopter Type
- 8.2.4.5.1.1. Light Weight
- 8.2.4.5.1.2. Medium Weight
- 8.2.4.5.1.3. Heavy Weight
- 8.2.4.6. Rest of Europe
- 8.2.4.6.1. By Helicopter Type
- 8.2.4.6.1.1. Light Weight
- 8.2.4.6.1.2. Medium Weight
- 8.2.4.6.1.3. Heavy Weight
- 9. Asia-Pacific Helicopter MRO Services Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Helicopter Type
- 9.2.1.1. Light Weight
- 9.2.1.2. Medium Weight
- 9.2.1.3. Heavy Weight
- 9.2.2. By Application
- 9.2.2.1. Civil
- 9.2.2.2. Military
- 9.2.3. By MRO Service Operators
- 9.2.3.1. Flight Inspection
- 9.2.3.2. Power By Hour
- 9.2.3.3. Overhaul
- 9.2.3.4. Repairs
- 9.2.4. By Country
- 9.2.4.1. China
- 9.2.4.1.1. By Helicopter Type
- 9.2.4.1.1.1. Light Weight
- 9.2.4.1.1.2. Medium Weight
- 9.2.4.1.1.3. Heavy Weight
- 9.2.4.2. Japan
- 9.2.4.2.1. By Helicopter Type
- 9.2.4.2.1.1. Light Weight
- 9.2.4.2.1.2. Medium Weight
- 9.2.4.2.1.3. Heavy Weight
- 9.2.4.3. India
- 9.2.4.3.1. By Helicopter Type
- 9.2.4.3.1.1. Light Weight
- 9.2.4.3.1.2. Medium Weight
- 9.2.4.3.1.3. Heavy Weight
- 9.2.4.4. Rest of Asia-Pacific
- 9.2.4.4.1. By Helicopter Type
- 9.2.4.4.1.1. Light Weight
- 9.2.4.4.1.2. Medium Weight
- 9.2.4.4.1.3. Heavy Weight
- 10. Rest of the World Helicopter MRO Services Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Helicopter Type
- 10.2.1.1. Light Weight
- 10.2.1.2. Medium Weight
- 10.2.1.3. Heavy Weight
- 10.2.2. By Application
- 10.2.2.1. Civil
- 10.2.2.2. Military
- 10.2.3. By MRO Service Operators
- 10.2.3.1. Flight Inspection
- 10.2.3.2. Power By Hour
- 10.2.3.3. Overhaul
- 10.2.3.4. Repairs
- 10.2.4. By Sub-Region
- 10.2.4.1. The Middle East & Africa
- 10.2.4.1.1. By Helicopter Type
- 10.2.4.1.1.1. Light Weight
- 10.2.4.1.1.2. Medium Weight
- 10.2.4.1.1.3. Heavy Weight
- 10.2.4.2. Latin America
- 10.2.4.2.1. By Helicopter Type
- 10.2.4.2.1.1. Light Weight
- 10.2.4.2.1.2. Medium Weight
- 10.2.4.2.1.3. Heavy Weight
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Helicopter MRO Services Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Air Methods Corporation (The U.S.)
- 12.1.1. Description
- 12.1.2. Product Portfolio
- 12.1.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.1.4. Recent Developments
- 12.2. Global Medical Response Inc. (The U.S.)
- 12.2.1. Description
- 12.2.2. Product Portfolio
- 12.2.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.2.4. Recent Developments
- 12.3. Acadian Companies (The U.S.)
- 12.3.1. Description
- 12.3.2. Product Portfolio
- 12.3.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.3.4. Recent Developments
- 12.4. PHI Inc. (The U.S.)
- 12.4.1. Description
- 12.4.2. Product Portfolio
- 12.4.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.4.4. Recent Developments
- 12.5. REVA Inc. (The U.S.)
- 12.5.1. Description
- 12.5.2. Product Portfolio
- 12.5.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.5.4. Recent Developments
- 12.6. Express Aviation Services (The U.S.)
- 12.6.1. Description
- 12.6.2. Product Portfolio
- 12.6.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.6.4. Recent Developments
- 12.7. European Air Ambulance (Luxembourg)
- 12.7.1. Description
- 12.7.2. Product Portfolio
- 12.7.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.7.4. Recent Developments
- 12.8. Babcock Scandinavian Air Ambulance (Sweden)
- 12.8.1. Description
- 12.8.2. Product Portfolio
- 12.8.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.8.4. Recent Developments
- 12.9. Air Charter Services Pvt. Ltd. (India)
- 12.9.1. Description
- 12.9.2. Product Portfolio
- 12.9.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.9.4. Recent Developments
- 12.10. Gulf Helicopters (Qatar)
- 12.10.1. Description
- 12.10.2. Product Portfolio
- 12.10.3. Financials (Data as available in public Frequency and/or on paid databases)
- 12.10.4. Recent Developments
- 13. Appendix
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