PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332643
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332643
According to SPER Market Research, 'Air Crane Helicopter Market Size- By Solution, By Deployment Mode, By Application, By Vertical, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Air Crane Helicopter Market is predicted to reach USD 12.36 billion by 2033 with a CAGR of 8.53%.
The Air Crane Helicopter is a powerful and versatile heavy-lift aircraft built for a variety of difficult flying work. The Air Crane, designed by Sikorsky Aircraft Corporation in the 1960s, is notable for its unusual twin-engine architecture and a large, transparent cargo bay capable of carrying heavy loads. The revolutionary retractable undercarriage technology of the helicopter allows it to land on tough terrain or in water, making it suitable for construction, disaster relief, and firefighting.
The COVID-19 outbreak had a significant impact on the global Air Crane helicopter industry. Demand for Air Crane services in the tourism, construction, and oil and gas industries has decreased due to travel restrictions and economic constraints. Construction projects were delayed, tourism-related activity reduced, and the oil and gas industry suffered as oil demand fell. During the epidemic, however, Air Crane helicopters were repurposed for medical transfers to assist healthcare facilities.