Growing the use of helicopters in tourism, transportation, and VIP purpose has propelled the growth of the commercial helicopters market. Increasing the use of helicopters in emergency medical services (EMS), firefighting operations, and search and rescue (SAR) that grows the demand for the commercial helicopter market. The challenges faced with the road and rail transport such as in reaching remote areas; also, air transport has become an essential mode of transportation mainly for professional and leisure purposes that grows the demand for the commercial helicopter market. The increasing VIP services and corporate shuttle are also influencing the growth of the market.
MARKET SCOPE
The "Global Commercial Helicopter Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Commercial Helicopter market with detailed market segmentation by type, components, weight, application, and geography. The report provides key statistics on the market status of the leading Commercial Helicopter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the global commercial helicopter market is segmented into single rotor multi-rotor, and tilt-rotor.
- On the basis of components, the market is segmented into electrical, avionics, flight control systems, hydraulic systems, and others.
- On the basis of weight, the market is segmented into light weight, medium weight, and heavy weight.
- On the basis of application, the market is segmented into commercial and civil, transport, emergency rescue, utility, and training.
MARKET DYNAMICS
Drivers:
- Increasing the use of commercial helicopters for medical and emergency rescue service, offshore helicopter service has propelled the growth of the market. Increasing the leasing and purchase contract by the tourism industry is further boosting the growth of the commercial helicopter market.
- The emerging nations such as India, Japan, China, and others are heavily demanding the commercial helicopter due to the increasing tourism industry that is expected to drive the growth of the market.
Restraints:
- Strict norms and high-cost associated with these helicopters are the major restraint for the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Commercial helicopter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Commercial helicopter market in these regions
IMPACT OF COVID-19ON COMMERCIAL HELICOPTER MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the aerospace industry through till 2021. There has been a reduction in the demand for commercial helicopters globally, owing to factors such as manufacturing shutdown, the limited staff at manufacturing facilities, and shortage of equipment.
MARKET PLAYERS
The report covers key developments in the Commercial helicopter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Commercial helicopter market are anticipated to lucrative growth opportunities in the future with the rising demand for Commercial helicopter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Commercial Helicopter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AVIATION INDUSTRY CORPORATION OF CHINA, LTD. (AVIC)
- Airbus
- Bell Textron Inc.
- Enstrom Helicopter Corp.
- KAMAN CORPORATION
- Leonardo S.P.A
- Lockheed Martin Corporation (Sikorsky)
- MD HELICOPTERS, INC.
- NH Industries
- Russian Helicopters