Helicopters Market to Reach USD 41.3 Billion by 2027 | CAGR 11% – Forencis Research

Global Helicopters Market: Key Highlights

• According to the new market research report “Helicopters Market by Engine Type (Twin Engine, Single Engine), by Type (Military, Civil & Commercial), by Application (Attack Helicopters, Transport Helicopters, Observation Helicopters, Utility Helicopters, Maritime Helicopters, Multi-Role Helicopters, Offshore Helicopters and Medical Support Helicopters), by Sales Channel (OEM and Aftermarket), by Components (Anti-torque Systems, Transmission Systems, Environment Control Systems, Hydraulic Systems, Main Rotor Systems, Avionics, Landing Gear Systems, Filters and Electrical Systems),  by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Helicopters Market is estimated to reach USD 41.3 Billion by 2027 at a CAGR of around 11% during the review period.
• The helicopters is used for flying ambulances to carry patients as well as to move troops and get supplies to ships for military forces..
• Moreover, it benefits the air transportation to enable the capability to transport goods to the location which is being difficult to access using other means of transportation.

Global Helicopters Market: Key Market Dynamics

• With the growing demand for lightweight helicopters is witness to fuel the growth of the market in the forecast period. Whereas, in 2019 it has been identified the demand for the light single engine helicopters is growing tremendously in the region such as North America, Asia Pacific, as well as in Middle East and Africa.
• One of the major key concern of the helicopters market strict regulatory rule for the manufacture which may restraining factor for the growth of the market. Whereas, it aerospace sector is majorly regulated as there is a high risks associated with the flight operations.
• Rising demand for military helicopters and increasing of aviation industry in emerging economies lead to play a key role for the growth of the helicopters market in the forecast period.
• Ongoing Covid-19 pandemic has as led to create a significant negative impact for the demand for helicopters worldwide.

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Global Helicopters Market: Regional Overview

• North America:

The region is witness to create a major role of the adoption of the market in the forecast period. Whereas, the region has the leading manufactures of the market such as  Bell Helicopter Textron Inc., Boeing and Lockheed Martin Corporation. Also, the region US is a lucrative market for helicopter OEMs as well as the government is making investments to improve the quality and effectiveness of helicopters.  

Hence, the increasing demand for the light transport helicopters in the US is one of the key factor to boost the growth of the helicopters market in the forecast period.   

• Asia-Pacific:

The region is anticipate of play a major role for the growth and developments of the market in the forecast period. Whereas, the countries such as China has growing their budget system for the defense sector of the country. Also, Japan, India and South Korea play a significant role for the market growth in the region.

Hence, the Covid-19 pandemic is creating a major drop for the growth of the market in the region. Also, the impact on the revenues for various helicopter suppliers, and service providers across all markets create an impact to the market such as late delivery, manufacturing shutdown, as well as the limited availability of equipment. These may create a major impact for the market growth in the region.

Global Helicopters Market: Key Players Overview

• Boeing:

Boeing is an American multinational corporations, which design, manufactures, and sell airplanes, satellites, and telecommunications equipment. Also, company is the one of the world largest aerospace company as well as leading manufacturer of commercial jetliners, defense, and space and security systems. In 2020, the company had received an order for 24 of its AH-64E Apache Helicopters from Morocco. Hence, the company will build and deliver the new Moroccan Apaches under a contract with the US Army by the US government’s Foreign Military Sales process.  

• Russian Helicopters JSC:

Russian Helicopters JSC is a helicopter design and manufacturing company, which design and manufactures civilian and military helicopters. Whereas, the company product line consists primarily of medium and heavy lift aircraft designed for civilian as well as for the military use. Moreover, in 2019 the company and UTair-Engineering partnered for the development of modified versions of Mi-8/17 helicopters and the maintenance of airworthiness.

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