Global Commercial Helicopter Market is anticipated to reach US$ 7.32 Bn. by 2029 from US$ 5.60 Bn. in 2022 at a CAGR of 3.9% during a forecast period.Global Commercial Helicopter Market Overview
The increasing usage of helicopters for tourism, transit, and VIP purposes has fueled the commercial helicopter market's growth. The usage of helicopters in emergency medical services, firefighting operations, and search and rescue (SAR) is increasing, which is driving up demand for commercial helicopters. The difficulties that road and rail transit experience, such as accessing distant locations, where air transportation has become a significant method of transportation, mostly for professional and recreational purposes, is driving demand for the commercial helicopter market.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2029. Where 2022 is considered a base year to forecast the market from 2023 to 2029. However 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe.
Global Commercial Helicopter Market Dynamics
The increased usage of commercial helicopters for medical and emergency rescue services, as well as offshore helicopter service, has driven the market's growth. Helicopters are rapidly being utilized in offshore oil and gas production, VIP transport, law enforcement, and emergency services. Thus, Manufacturers are concentrating on noise reduction and increased speed to improve helicopter efficiency. Other factors that contribute to market growth include fewer accidents and a better travel experience. Similarly, increasing the leasing and purchase contracts by the tourism industry is further boosting the growth of the commercial helicopter market.In addition, several variables have affected the desire for new helicopters, including cabin size, brand experience, performance technology, and range. Factors like rising maintenance costs, poor performance, safety concerns, and others are contributing to an increase in the number of old helicopters being replaced, boosting the market growth. However, the strict regulations and high costs connected with these helicopters are a major hindrance to the market's growth. Developing countries such as India, Japan, and China, among others, are placing a high demand for commercial helicopters due to the growing tourist industry, which is expected to fuel market growth.
Global Commercial Helicopter Market Segmentation Analysis
By Type, The medium segment dominated the market in 2022 and is expected to be the most revenue-generating segment during the forecast period. The adoption of medium commercial helicopters is expected to be driven by mission adaptability, cost-effectiveness, and a shorter maintenance cycle. Medium-sized helicopters are frequently employed as a mode of transportation to reach distant regions, and hence play an important part in lifesaving missions such as SAR operations and medical emergencies. The light segment accounted for more than 30% of the total market share in 2022. The demand for such rotorcraft is expected to fuel growth in commercial aviation photography and videography, as well as event logistics like equipment and personnel transport. Furthermore, throughout the forecast period, the rising leisure tourist industry is expected to boost demand for light commercial helicopters. By Application,The law enforcement and public safety segment was worth USD 1.74 billion in 2019 and is anticipated to be the highest revenue-generating segment over the forecast period. The major market players are successfully meeting the need for rotorcraft in a wide range of commercial activities, including police missions, medical evacuations, and other law enforcement applications.
Global Commercial Helicopter Market Regional Insights
North America is expected to dominate the market in 2022, with a 35.2 percent share, followed by Europe with a 27.4 percent share. One of the key factors propelling the regional market, particularly in the United States, is the replacement of obsolete helicopters. Similarly, the Clean Sky program in Europe is developing advanced technology to build ecologically friendlier and quieter rotorcraft through a public-private collaboration between the European Commission and the European aeronautics industry. This is the driving force for market growth in Europe. The Asia-Pacific region is expected to have the fastest growth over the forecast period. In comparison to 2018, the region's helicopter fleet grew by 4.6 percent, with 150 new deliveries reported in 2019. Increased demand for helicopters from the tourist industry, removal of airspace limitations, investment in indigenous aviation, and infrastructural development in emerging countries are expected to drive growth. The sale of helicopters in the Middle East and Africa is expected to grow steadily due to the Middle Eastern countries' stable economic growth in the oil and gas industry.Global Commercial Helicopter Market Scope: Inquire before buying
Global Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.60 Bn. Forecast Period 2023 to 2029 CAGR: 3.9% Market Size in 2029: US $ 7.32 Bn. Segments Covered: By Type Light Medium Heavy By Application Oil & Gas Transport Medical Services Law Enforcement & Public Safety Global Commercial Helicopter Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Commercial Helicopter Market Key Players:
1.Airbus S.A.S 2.Bell Helicopter-Textron 3.Leonardo S.P.A 4.Lockheed Martin Corporation 5.Robinson Helicopter Company 6.Textron Inc. 7.Russian Helicopters (Rostec) 8.Enstrom Helicopter Corp. 9.MD HELICOPTERS, INC. 10.Robinson Helicopter Company 11.Russian Helicopters 12.Lockheed Martin Corporation 13.Kaman Corporation 14.AVIC 15.Hindustan Aeronautics LtdFrequently Asked Questions
1. What is the projected market size & growth rate of Global Commercial Helicopter Market? Ans-Commercial Helicopter Market was valued at USD 5.60 billion in 2022 and is projected to reach USD 7.32 billion by 2029, growing at a CAGR of 3.9% during the forecast period. 2. What are the key driving factors for the growth of Global Commercial Helicopter Market? Ans- The increasing usage of helicopters for tourism, transit, and VIP purposes has fueled the commercial helicopter market's growth. The usage of helicopters in emergency medical services, firefighting operations, and search and rescue (SAR) is increasing, which is driving up demand for commercial helicopters. 3. Which region accounted for the largest Global Commercial Helicopter Market share? Ans- North America is expected to dominate the market in 2022, with a 35.2 percent share. One of the key factors propelling the regional market, particularly in the United States, is the replacement of obsolete helicopters. 4. What makes Asia Pacific a Lucrative Market for Global Commercial Helicopter Market? Ans- The Asia-Pacific region is expected to have the fastest growth over the forecast period. In comparison to the 2018, the region's helicopter fleet grew by 4.6 percent, with 150 new deliveries reported in 2019. Increased demand for helicopters from the tourist industry, removal of airspace limitations, investment in indigenous aviation, and infrastructural development in emerging countries are expected to drive growth. 5. What are the top players operating in Global Commercial Helicopter Market? Ans- The major players operating in the WES market include Airbus S.A.S, Bell Helicopter-Textron, Leonardo S.P.A, Lockheed Martin Corporation, Robinson Helicopter Company.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Commercial Helicopter Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Commercial Helicopter Market 3.4. Geographical Snapshot of the Commercial Helicopter Market, By Manufacturer share 4. Global Commercial Helicopter Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Commercial Helicopter Market 5. Supply Side and Demand Side Indicators 6. Global Commercial Helicopter Market Analysis and Forecast, 2022-2029 6.1. Global Commercial Helicopter Market Size & Y-o-Y Growth Analysis. 7. Global Commercial Helicopter Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Light 7.1.2. Medium 7.1.3. Heavy 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Oil & Gas 7.2.2. Transport 7.2.3. Medical Services 7.2.4. Law Enforcement & Public Safety 8. Global Commercial Helicopter Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Commercial Helicopter Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 9.1.1. Light 9.1.2. Medium 9.1.3. Heavy 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Oil & Gas 9.2.2. Transport 9.2.3. Medical Services 9.2.4. Law Enforcement & Public Safety 10. North America Commercial Helicopter Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Commercial Helicopter Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Commercial Helicopter Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Commercial Helicopter Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Commercial Helicopter Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Commercial Helicopter Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Commercial Helicopter Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Commercial Helicopter Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Commercial Helicopter Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Commercial Helicopter Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Commercial Helicopter Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Commercial Helicopter Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Commercial Helicopter Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Commercial Helicopter Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Commercial Helicopter Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Commercial Helicopter Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Commercial Helicopter Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Commercial Helicopter Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Commercial Helicopter Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Commercial Helicopter Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Commercial Helicopter Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Commercial Helicopter Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Commercial Helicopter Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Commercial Helicopter Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Commercial Helicopter Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Commercial Helicopter Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Commercial Helicopter Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Commercial Helicopter Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Commercial Helicopter Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Commercial Helicopter Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Commercial Helicopter Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Commercial Helicopter Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Commercial Helicopter Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Commercial Helicopter Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Commercial Helicopter Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Commercial Helicopter Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Textron Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Airbus S.A.S 45.5. Bell Helicopter-Textron 45.6. Leonardo S.P.A 45.7. Lockheed Martin Corporation 45.8. Robinson Helicopter Company 45.9. Textron Inc. 45.10. Russian Helicopters (Rostec) 45.11. Enstrom Helicopter Corp. 45.12. MD HELICOPTERS, INC. 45.13. Robinson Helicopter Company 45.14. Russian Helicopters 45.15. Lockheed Martin Corporation 45.16. Kaman Corporation 45.17. AVIC 45.18. Hindustan Aeronautics Ltd 46. Primary Key Insights