Helicopter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Helicopter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Helicopter Market

The Helicopter market size was valued at USD 56.87 billion in 2023, and the market is now projected to grow from USD 58.87 billion in 2024 to USD 76.16 billion by 2032, exhibiting a CAGR of 3.7% during the forecast period of 2023-2030.

The COVID-19 pandemic hampered marketplace growth, affecting manufacturing, transport, and financial performance. Lockdowns and tour regulations applied global resulted in a sharp decline in call for, leading to reduced manufacturing prices and delivery instances. The pandemic also triggered deliver chain disruptions, main to transient shutdowns of producing centers, which ended in a slowdown in manufacturing.

Air ambulance refers to an plane that transports ill or injured people to the health facility in an emergency. The need for fast transportation of essential sufferers to hospitals has pushed the boom of the air ambulance provider, with helicopters offering the quickest approach of transport. Air ambulance services have become more well-known globally because of medical generation improvements, and they have received popularity as they provide brief and green transportation for seriously ill patients. Their ability to reach far off and inaccessible areas makes them a perfect alternative for transporting patients to clinical facilities with velocity and efficiency. This results in Helicopter market growth.

Technological improvements and product trends are key tendencies gaining popularity within the market. Major gamers on this marketplace are focusing on growing electric and hybrid propulsion structures, integrating artificial intelligence, and moving to unmanned structures, which led to the production of more green and reliable helicopters.

Comprehensive Analysis of Helicopter Market

The Helicopter market is rising at an exponential charge due to its marketplace segmentation. The market is segmented into military and civil & commercial, by type. By weight, the market is segmented into heavy, light, and medium. By application, the market is categorized into defense, corporate service, search and rescue operation, Emergency Medical Service (EMS), oil & gas, homeland security, and others. By point of sale, the market is divided into pre-owned and new.

North America has the largest Helicopter market share. This place's boom is due to the modernization and growth of the military fleet in developed nations. This place's high marketplace growth is attributed to the developing call for for offshore wind farms, with helicopters being used for the transportation and maintenance of wind turbines.

The top players in the market play a crucial role in the Helicopter industry assuring industrial prospectus growth and setting market standards. These players include, Kawasaki Heavy Industries Ltd. (Japan), Airbus S.A.S (Netherlands), Textron Inc. (U.S.), Leonardo S.p.A. (Italy), Kaman Corporation (U.S.), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Rostec (Russia), The Robinson Helicopter Company (U.S.), and Hindustan Aeronautics Limited. (India).

In February 2023, Hindustan Aeronautics Limited (HAL), an India-based kingdom-owned aerospace and defense business enterprise, unveiled a brand new manufacturing unit in Karnataka, India. HAL intends to manufacture more than 1,000 rotary-wing plane with distinctive load capacities, producing a total sales of over USD four billion over the following two a long time.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 3.7% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type, Weight, Application, Point of Sale, and Geography

By Type

Civil & Commercial

Military

By Weight

Light

Medium

Heavy

By Application

Emergency Medical Service

Corporate Service

Search and Rescue Operation

Oil & Gas

Defense

Homeland Security

Others

By Point of Sale

New

Pre-Owned

By Geography

North America (By Type, Weight, Application, Point of Sale, and Country)

- U.S. (By Type)

- Canada (By Type)

Europe (By Type, Weight, Application, Point of Sale, and Country)

- U.K. (By Type)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Russia (By Type)

- Rest of Europe (By Type)

Asia Pacific (By Type, Weight, Application, Point of Sale, and Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- South Korea (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Type, Weight, Application, Point of Sale, and Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East & Africa (By Type, Weight, Application, Point of Sale, and Country)

- U.A.E. (By Type)

- Israel (By Type)

- South Africa (By Type)

- Rest of Middle East & Africa (By Type)


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