Global Helicopter Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Helicopter market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global helicopter market size was US$ 51.5 billion in 2021. The global helicopter market is forecast to grow to US$ 81.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.1 % during the forecast period from 2022 to 2030.
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Factors Influencing the Market
In-service emergency medical (EMS), firefighting activities, and search and rescue (SAR) will be the primary factors driving the growth of the global helicopter market.
Growing demand for oil and gas rotorcrafts for various types of offshore applications will also contribute to the growth of the global helicopter market. In addition to that, wide applications of helicopters in carrying out legal compliance and for public protection will drive the helicopter market forward.
The rising demand for technological advancements, mainly in the defense sector, will benefit the global helicopter market. In addition, growing investments in the aerospace sector will drive the helicopter market forward. For instance, Honeywell unveiled its latest communication technology Aspire 200 satellite communications system, specifically designed for the Bell B429 helicopter, in 2019.
COVID-19 Impact Analysis
The automotive and travel industries were among the most impacted industries during the COVID-19 pandemic, which also impacted the growth of the global helicopter market. Furthermore, challenges related to the unavailability of raw materials and workforce further hampered the growth of the global helicopter market. The market also experienced a substantial downturn due to a decline in government investments. However, the demand for the military sector remained the same amid the COVID-19 pandemic, which has been beneficial for the global helicopter market.
Regional Analysis
North America and Europe are expected to hold the largest shares in the global helicopter market. The growth of the European market is attributed to the rising range of technological upgrades in the avionics segment. Moreover, The North American helicopter market is forecast to record a significant growth rate due to the growing range of recreational activities in the region. Furthermore, a rising range of air sports activities such as aerobatics, parachuting, and paragliding will bring lucrative growth opportunities for the market. In addition to that, the presence of several prominent industry players, such as Bell Textron, Boeing, Robinson Helicopter Company, Lockheed Martin, MD Helicopters, etc., will drive the helicopter market forward. Further, the contribution of long-term strategic partnerships will benefit the market in the coming years. For instance, MD Helicopters, Inc. and the U.S. Army inked a partnership agreement in 2020 with the aim to provide logistics support for the MD 530F Cayuse Warrior reconnaissance and light attack helicopter fleet for Afghanistan Air Force. Thus, such agreements will be beneficial for the helicopter market during the study period.
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Competitors in the Market:
? Russian Helicopters, JSC
? Leonardo SPA
? MD Helicopters, Inc.
? Robinson Helicopter Company
? Kawasaki Heavy Industries, Ltd.
? Airbus SAS
? Hindustan Aeronautics Limited (HAL)
? Lockheed Martin Corporation
? Korea Aerospace Industries, Ltd.
? Bell Helicopter Textron
? Boeing Company
? Other prominent players
Market Segmentation
The global helicopter market segmentation focuses on Type, Application, and Region.
By Type:
? Light
? Medium
? Heavy
? very large
By Application:
? Civil & Commercial
? Military
Timeline Considered for Analysis:
2021: Base Year
2030: Estimated Year
2022 to 2030: Forecast Year
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By Regional Outlook
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
This report answers the following key questions:
-How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
-Which region would experience a high demand for goods in the years to come?
-What are the variables promoting the market’s expansion?
-Which sub-market will have the most impact on the market?
-What market opportunities exist for established and new players?
-What different short-term and long-term tactics have the market players adopted?
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