Helicopter Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Helicopter Market was valued at USD 30.95 billion and is projected to grow at over 6% CAGR from 2024 to 2032. Rising global defense budgets are a key driver for this market. The Stockholm International Peace Research Institute (SIPRI) reported a global military expenditure of $2.24 trillion in 2023, a 3.7% rise from the prior year. Driven by heightened geopolitical tensions and the imperative to modernize, nations are increasingly investing in state-of-the-art helicopters.

The market is witnessing a transformative shift, largely due to the rise of Urban Air Mobility (UAM) initiatives. UAM aims to weave air travel into urban settings, alleviating congestion and introducing innovative mobility solutions. NASA reports that UAM could potentially cut urban traffic congestion by 30%. Innovations like electric vertical take-off and landing (eVTOL) aircraft are gaining traction, promising quieter and greener urban air travel. For example, Joby Aviation celebrated a landmark achievement in 2023 with the successful test flight of its eVTOL aircraft. Companies are heavily investing in refining these technologies, aiming to make urban air transport a reality. As cities strive to mitigate ground traffic and enhance connectivity, the demand for helicopters and urban-focused technologies is set to surge.

The Global Helicopter Industry is classified based on channel, engine, rotor type, end use and region.

The market segments based on components include aerostructures/airframe, rotary systems and engines, undercarriage, avionics, cabin interiors, environmental control systems, and more. The aerostructures/airframe segment is projected to surpass USD 15.1 billion by 2032.

Aerostructures, encompassing the fuselage, wings, and other essential components, are crucial for the structural integrity and aerodynamic efficiency of helicopters. The sector is dedicated to the design and production of these vital elements. The shift towards lightweight materials, especially composites and high-strength alloys, is enhancing the durability and performance of these airframes.

Market segmentation by end use includes commercial and military sectors. The commercial segment is projected to display CAGR of over 6% from 2024 to 2032. In the medical and healthcare domain, helicopters play a pivotal role in rehabilitation, surgeries, and assistive devices. Innovations in soft materials and precision control are enhancing the efficacy of these helicopters in intricate medical tasks. Wearable helicopter technologies, like exoskeletons and therapeutic gloves, are significantly improving patient mobility and recovery.

North America helicopter market held a share exceeding 35% in 2023. The region's dominance is fueled by strong defense budgets, a keen interest in Advanced Air Mobility (AAM), and a well-established commercial sector. The U.S. military's demand for versatile rotorcraft, essential for diverse missions from combat to transport, propels market growth. Additionally, the commercial sector is energized by advancements in urban air mobility and emergency medical services (EMS). The presence of industry leaders like Bell and Sikorsky further bolsters the market. Regulatory advancements and infrastructure developments play a crucial role in shaping market future.

Product Code: 4576

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing military and defense expenditures
  - 3.8.1.2 Technological advancements in helicopter design and systems
  - 3.8.1.3 Growing importance of emergency medical services
  - 3.8.1.4 Rising urban air mobility
  - 3.8.1.5 Growing interest in helicopter tours and leisure flights
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High operational and maintenance costs
  - 3.8.2.2 Regulatory and certification requirements
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 (USD million and Units)

5.1 Key trends
5.2 Aerostructures/Airframe
5.3 Rotary System and Engines
5.4 Undercarriage
5.5 Avionics
5.6 Cabin Interiors
5.7 Environmental control systems
5.8 Others

Chapter 6 Market Estimates and Forecast, By Sales Channel, 2021 - 2032 (USD million and Units)

6.1 Key trends
6.2 OEM
6.3 Maintenance, Repair and Overhaul (MRO)

Chapter 7 Market Estimates and Forecast, By Engine Type, 2021 - 2032 (USD million and Units)

7.1 Key trends
7.2 Single-Engine helicopters
7.3 Twin-Engine helicopters
7.4 Multi-Engine helicopters

Chapter 8 Market Estimates and Forecast, By Rotor Type, 2021 - 2032 (USD million and Units)

8.1 Key trends
8.2 Single-Rotor helicopters
8.3 Twin-Rotor helicopters
8.4 Tiltrotor helicopters

Chapter 9 Market Estimates and Forecast, By End-Use, 2021 - 2032 (USD million and Units)

9.1 Key trends
9.2 Commercial
- 9.2.1 Transport
- 9.2.2 Medical Services/Search and Rescue
- 9.2.3 Offshore Sector
- 9.2.4 Others
9.3 Military
- 9.3.1 Reconnaissance
- 9.3.2 Maritime surveillance
- 9.3.3 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million and Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AeroVironment Inc.
11.2 Airbus Helicopters SAS
11.3 AVIC Helicopter Co., Ltd.
11.4 Babcock International Group PLC
11.5 Bell Helicopter
11.6 Boeing
11.7 DynCorp International LLC
11.8 Enstrom Helicopter Corporation
11.9 Hindustan Aeronautics Limited (HAL)
11.10 Kaman Corporation
11.11 Kawasaki Heavy Industries
11.12 Korea Aerospace Industries Ltd. (KAI)
11.13 Leonardo S.p.A.
11.14 Lockheed Martin Corporation
11.15 MD Helicopters
11.16 Mitsubishi Heavy Industries, Ltd.
11.17 Northrop Grumman Corporation
11.18 PZL-Swidnik S.A.
11.19 Robinson Helicopter Company
11.20 Russian Helicopters, JSC
11.21 Sikorsky Aircraft Corporation
11.22 Sikorsky Aircraft Corporation
11.23 Universal Helicopters
11.24 UTC Aerospace Systems
11.25 Vietnam Helicopter Corporation