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Commercial Helicopter Market Size, Analysis 2025 | Industry Report

Commercial Helicopter Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619837  |  Published: June 2020  |  No of Pages: 140
Format: Electronic (PDF)  |  Industry: Automotive & Transport  |  Publisher: Grand View Research

Industry Insights

The global commercial helicopter market size was worth USD 5.30 billion in 2018. The market is estimated to grow at a CAGR of 3.8% over the forecast duration. Rise in helicopter usage in different operations such as Emergency Medical Services (EMS), firefighting operations and Search and Rescue (SAR) propelling the market growth. Additionally, rotorcrafts are projected to witness a rapid demand from oil and gas sectors for different offshore applications.

The new helicopter demand has been influenced by several factors including cabin size, brand experience, performance technology and range. Factors such as increasing cost of maintenance, performance erosion, safety concerns and others are leading to a rise in a number of replacement of old helicopters, thus, increasing the growth for the market. In addition, challenges in road and rail travel and intricacy involved in reaching remote locations have proliferated rotorcraft transportation.

U.S. commercial helicopter marketIn the recent past, helicopters are being increasingly used in offshore oil & gas production, VIP transport, law enforcement and emergency services. Manufacturers are focusing on noise reduction and speed improvement to enhance the efficiency of helicopters. Factors such as reduced accidents, better travel experience are some of the other factors supplementing the market growth.

The rise in the number of companies offering helicopters on lease and the increasing number of the fleet are bolstering the commercial helicopters market growth. Most of these leasing companies rely on offshore oil & gas industries.

Type Insights

Different type of rotorcraft is light, heavy, very large and medium. Of them, in 2018, the light segment alone held 30% of the market share. Light commercial helicopters are mostly used in aerial photography and event logistics. The growing leisure tourism industry is anticipated to affect the market positively over the forecast duration.

In 2018, the medium segment accounted for considerable market share and likely to emerge as the largest segment by 2025. Low cost, less maintenance and mission versatility are projected to increase the adoption of medium-range helicopters. These helicopters are often deployed in mission-critical operations during emergency services.

Application Insights

By applications, the market is categorized into transport, law enforcement & public safety, medical services, oil & gas and others. Among different applications, law enforcement & public safety segment is anticipated to hold maximum revenue over the projected duration. In 2018, this segment accounted for 1.73 billion and projected to grow substantially over the next few years.

Europe commercial helicopter market

There has been considerable growth in the oil & gas industry in the recent past owing to growing exploration for hydrocarbon deposits. The growth in oil & gas industry is estimated to positively affect the market growth. These industries require dedicated rotorcraft for transportation of equipment and personal.

Regional Insights

In 2018, Europe held the largest market share and the region is projected to continue its dominance. The introduction of Clean Sky scheme aimed at developing eco-friendly rotorcrafts resulted in a partnership between European aeronautics and the European Commission. On the other hand, in 2018, North America held 25% of the market share and projected to grow considerably over the next few years. Growing replacement of old-age rotorcraft, especially in the U.S is estimated to remain a favorable factor in market growth.

Asia Pacific is projected to exhibit the highest CAGR over the forecast duration. Several factors such as relaxing airspace norms, growing use of helicopters in tourism and increasing investment in aviation infrastructure are bolstering the market growth. In addition, Middle East & Africa is likely to hold substantial market share because of the presence of oil & gas industries in the region.

COVID-19 Impact Insights

The commercial helicopter market has been negatively affected due to the COVID-19 outbreak. The supply-chain disruption caused by the pandemic has resulted in difficulty in procuring raw materials. In addition, several companies were forced to shut down their manufacturing units. These factors have resulted in low production of the commercial helicopter. In addition, closure of various business operations led to low demand for such helicopters. With the relaxation in lockdown measures, manufacturing units have resumed their operations. However, the ongoing financial crisis would delay the market growth to an extent as it would take two to three years to get back to pre-COVID-19 levels.

Commercial Helicopters Market Share Insights

Key industry players such as Leonardo S.P.A, Bell Helicopter-Textron, Airbus S.A.S and Lockheed Martin Corporation are increasingly investing in research & development to manufacture advanced rotorcraft. Manufacturers integrate advanced features including Full-Authority Digital Engine Control (FADEC) and satellite navigation technology.

Rising deregulation and infrastructural development in developing countries offer a lucrative opportunity for industry growth. Growing development in Asia Pacific is attracting manufactures to invest heavily.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Canada, Germany, U.K., China, India, Japan, Brazil, and Mexico

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global commercial helicopter market report on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Light
    • Medium
    • Heavy
    • Very Large

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Oil & Gas
    • Transport
    • Medical Services
    • Law Enforcement & Public Safety
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

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