Helicopter Engines Market Forecasts to 2028 – Global Analysis By Product (Stamping Engine, Piston Engine, Gas Turbine Engine, Other Product Types), Application (Military, Commercial, Other Applications), and Geography
According to Stratistics MRC, the Global Helicopter Engines Market is accounted for $22.68 billion in 2022 and is expected to reach $30.56 billion by 2028 growing at a CAGR of 5.1% during the forecast period. One of a helicopter's most important components is its engine, which powers the vehicle and enables travel from point A to B. Whether deployed by armed forces or civilians, helicopters have an influence on many people's life, whether or not they are aware of it. Additionally, cargo can be transported by helicopters, which has shown to be quite helpful for businesses like FedEx when sending products swiftly around the globe.
According to Helicopter Association International (HAI), sales of military helicopters were approximately 29.2 billion USD in year 2019 and civil helicopters accounted for 17.82 billion USD in terms of sales.
Market Dynamics:
Driver:
Increase in the adoption of helicopters
One of the main factors boosting the growth of the helicopter engines market is the rise in the application of helicopters in various applications. Compared to fixed-wing aircraft, helicopters are more affordable because of their cheap initial and ongoing expenditures. They are perfect for putting or taking away big goods from difficult-to-reach places because they have the strength to lift and hang over heavy loads. Thus, during the anticipated time, these elements will fuel market expansion.
Restraint:
Barriers in the adoption of new technology and equipment
The expansion of the helicopter engines market is being hampered by difficulties in the adoption of modern technology and apparatus. Vendors who supply goods integrated with cutting-edge helicopter engines must abide by the strict regulatory standards set forth by governmental organisations and aviation authorities. Adopting new technology can be challenging for military forces because they quickly become obsolete. The development rate for rocket-propelled grenades, missiles, and other systems used in military helicopters is rapid. It is difficult to adopt every new technology because doing so would cause crafts to stop being produced. Additionally, before receiving certification, technologically innovative equipment must pass stringent testing and evaluation procedures. Such severe regulations may prevent the market from expanding during the anticipated term.
Opportunity:
New technologies
Another factor contributing to the market expansion for helicopter engines is the advancement of new technology. When utilised for diverse tasks including operations, maintenance, and training, augmented and virtual reality use devices like glasses or smartphones to extend human vision. A digital twin, on the other hand, is a continuous digital representation of a manufacturing process or asset that may be used to simulate an overall outlook for any venture at any stage of the product's life. Surveillance and failure forecasting are made possible by this. Big data analytics makes it possible to acquire a tonne of data on products, customers, competitors, and transactions for a variety of uses, including pricing. During the forecast period, these factors are anticipated to fuel market expansion.
Threat:
Drawbacks of piston engine
Low stability, poor part load efficiency, inability to power an industrial machinery factory or provide daily transportation services, restricts efficiency, and makes more noise than many others make it unsuitable for moving heavy loads over long distances. The development of the helicopter market is constrained due to the piston engine's aforementioned constraints, which are preventing it from expanding at a significant rate.
Covid-19 Impact
The COVID-19 epidemic had a negative effect on a number of the region's nations. Mexico, Canada, and the US were particularly hard hit by the pandemic. To stop the spread of COVID-19, numerous nations implemented lockdowns and temporarily stopped the operation of factories that make helicopter engines. However, thanks to the extensive COVID-19 immunisation campaigns in the area, the production facilities have resumed operations. Thus, it is anticipated that during the period of forecasting, the region helicopter engines market will expand.
The Gas turbine engines segment is expected to be the largest during the forecast period
The Gas turbine engines segment is estimated to have a lucrative growth. For helicopters, gas turbine engines are highly common since they can generate a lot of power with little to no maintenance. Since these kinds of engines were in use since World War II, numerous developments have been made throughout time to enhance their general performance and functionalities. They are also incredibly light, making it simple to launch from any surface, including trees, water, etc.
The military segment is expected to have the highest CAGR during the forecast period
The military segment is anticipated to witness the fastest CAGR growth during the forecast period. Military helicopters are frequently used for peacekeeping missions in nations like Afghanistan, Sudan, Syria, and Libya. The purchase of rotorcraft has been spurred by the quickly shifting security conditions across borders and the increase in government funding for the purchase of military weapons.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Chinook and Apache helicopters are currently being delivered to India. In addition to purchasing new helicopters made domestically, China is also placing orders with a number of foreign OEMs. In the near future, Australia is anticipated to purchase helicopters for use in both law enforcement and commercial applications. During the projected period, all of these factors are anticipated to boost market expansion in the area.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. With over 9000 commercial helicopters in North America alone, the region currently has the largest helicopter fleet in the world. In the upcoming years, the market for helicopter engines may be driven by the aftermarket & maintenance services, as well as the requirement to replace components of the engines for these helicopters. The military of North America is able to purchase new helicopters thanks to the enormous military spending in the region. This could also influence the manufacturers of newer helicopter engines that power these helicopters. As a result, throughout the projected period, North American demand is anticipated to drive the market share for helicopter engines.
Key players in the market
Some of the key players profiled in the Helicopter Engines Market include Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Safran SA, Honeywell, Rolls-Royce, HP Aviation, Rotax, General Electric Co., IHI Corporation, Raytheon Technologies Corp., Hamilton Sundstrand, Hindustan Aeronautics Ltd., GE Aviation and ITP Group.
Key Developments:
In September 2018, General Electric partnered with CGI to pursue joint development and implementation opportunities for electric grid software in North America. This unique partnership bridges information technology and operational technology (OT) in the utility industry. GE and CGI will focus on real-time grid operations and controls, critical infrastructure and Cyber security.
Products Types Covered:
• Stamping Engine
• Piston Engine
• Gas Turbine Engine
• Other Product Types
Applications Covered:
• Military
• Commercial
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Helicopter Engines Market, By Product
- 5.1 Introduction
- 5.2 Stamping Engine
- 5.3 Piston Engine
- 5.4 Gas Turbine Engine
- 5.5 Other Product Types
- 6 Global Helicopter Engines Market, By Application
- 6.1 Introduction
- 6.2 Military
- 6.3 Commercial
- 6.4 Other Applications
- 7 Global Helicopter Engines Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
- 8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
- 9 Company Profiling
- 9.1 Mitsubishi Heavy Industries, Ltd.
- 9.2 Kawasaki Heavy Industries, Ltd.
- 9.3 Safran SA
- 9.4 Honeywell
- 9.5 Rolls-Royce
- 9.6 HP Aviation
- 9.7 Rotax
- 9.8 General Electric Co.
- 9.9 IHI Corporation
- 9.10 Raytheon Technologies Corp.
- 9.11 Hamilton Sundstrand
- 9.12 Hindustan Aeronautics Ltd.
- 9.13 GE Aviation
- 9.14 ITP Group
- List of Tables
- Table 1 Global Helicopter Engines Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 3 Global Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 4 Global Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 5 Global Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 6 Global Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 7 Global Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 8 Global Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 9 Global Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 10 Global Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 11 North America Helicopter Engines Market Outlook, By Country (2020-2028) ($MN)
- Table 12 North America Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 13 North America Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 14 North America Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 15 North America Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 16 North America Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 17 North America Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 18 North America Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 19 North America Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 20 North America Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 21 Europe Helicopter Engines Market Outlook, By Country (2020-2028) ($MN)
- Table 22 Europe Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 23 Europe Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 24 Europe Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 25 Europe Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 26 Europe Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 27 Europe Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 28 Europe Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 29 Europe Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 30 Europe Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 31 Asia Pacific Helicopter Engines Market Outlook, By Country (2020-2028) ($MN)
- Table 32 Asia Pacific Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 33 Asia Pacific Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 34 Asia Pacific Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 35 Asia Pacific Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 36 Asia Pacific Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 37 Asia Pacific Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 38 Asia Pacific Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 39 Asia Pacific Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 40 Asia Pacific Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 41 South America Helicopter Engines Market Outlook, By Country (2020-2028) ($MN)
- Table 42 South America Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 43 South America Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 44 South America Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 45 South America Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 46 South America Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 47 South America Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 48 South America Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 49 South America Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 50 South America Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 51 Middle East & Africa Helicopter Engines Market Outlook, By Country (2020-2028) ($MN)
- Table 52 Middle East & Africa Helicopter Engines Market Outlook, By Product (2020-2028) ($MN)
- Table 53 Middle East & Africa Helicopter Engines Market Outlook, By Stamping Engine (2020-2028) ($MN)
- Table 54 Middle East & Africa Helicopter Engines Market Outlook, By Piston Engine (2020-2028) ($MN)
- Table 55 Middle East & Africa Helicopter Engines Market Outlook, By Gas Turbine Engine (2020-2028) ($MN)
- Table 56 Middle East & Africa Helicopter Engines Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 57 Middle East & Africa Helicopter Engines Market Outlook, By Application (2020-2028) ($MN)
- Table 58 Middle East & Africa Helicopter Engines Market Outlook, By Military (2020-2028) ($MN)
- Table 59 Middle East & Africa Helicopter Engines Market Outlook, By Commercial (2020-2028) ($MN)
- Table 60 Middle East & Africa Helicopter Engines Market Outlook, By Other Applications (2020-2028) ($MN)
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