Civil Helicopter Market Research Report: Information by Engine Type (Single Engine and Twin Engine), Weight (Light Helicopters, Intermediate Helicopters, Medium Helicopters, and Large & Heavy Helicopters), Light Helicopters (Ultralight Helicopters and Others), Ownership (Owned and Rental), End User (Law Enforcement, Onshore & Offshore Transportation, Forestry & Wildlife Conversation, Helicopter Emergency Medical Service, Search & Rescue, Training Services, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2027
The Global Civil Helicopter Market is expected to reach USD 13,881.4 Million by 2024 at a CAGR of 4.04% during the forecast period.
Civil helicopter manufacturers are investing heavily in advanced technologies to offer enhanced surveillance and communication to public safety personnel. For instance, the H125 civil helicopter by Airbus SAS has a camera, GPS, FLIR, and searchlight. These features enable public safety personnel in receiving real-time location information and offer enhanced detection capabilities which makes the helicopter ideal for law enforcement and emergency medical services.
The Global Civil Helicopter Market has been segmented by engine Type, Weight, Ownership and end-use.
Based on engine type, the global civil helicopter market has been divided into single-engine and twin-engine. The single-engine segment is projected to dominate the market during the forecast period and is expected to register the higher CAGR. The segment was valued at USD 6,643.9 Million in 2018 and is expected to reach USD 8,648.1 Million by 2024 at a CAGR of 4.50%. Single-engine helicopters are specially used for operations that include flying at low altitudes. They can also operate in challenging environments. Single-engine helicopters are typically used for emergency medical operations, power line inspections, and search and rescue missions. The twin-engine segment is projected to exhibit a CAGR of 3.32% during the forecast period.
On the basis of weight, the global civil helicopter market has been segmented into light helicopters, intermediate helicopters, medium helicopters, and large & heavy helicopters. The light helicopters segment has been further classified as ultralight helicopters and others. The medium helicopters segment is expected to register the highest CAGR during the forecast period. It was valued at USD 1,593.7 million in 2018 and is projected to exhibit a CAGR of 6.72% during the forecast period. Medium helicopters offer multipurpose cabins, primary flight displays, navigation displays, and vehicle and engine management displays. These features make medium helicopters ideal for the oil & gas industry to carry drilling machinery and equipment and for emergency medical services and private aviation.
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On the basis of ownership, the global civil helicopter market has been classified as owned and rental. The rental segment accounted for the larger market share in 2018. However, the owned segment is expected to register a higher CAGR of 5.28% during the forecast period. Owned helicopters can be customized, and demand is expected to rise in developing nations due to a growth in per capita disposable income.
In terms of end-use, the global civil helicopter market has been categorized as law enforcement, onshore & offshore transportation, forestry & wildlife conversation, helicopter emergency medical service, search & rescue, training services, and others. The helicopter emergency medical service segment dominates the market. The segment was valued at USD 3,268.3 Million in 2018. However, the law enforcement segment is expected to register the highest CAGR during the forecast period. The segment is projected to exhibit a CAGR of 5.05% during the forecast period. Helicopters are used in law enforcement for aerial surveillance. These helicopters are customized to include surveillance systems such as ground proximity warning systems, forward-looking infrared (FLIR) cameras, high-intensity lights, and traffic advisory systems.
By region, the Global Civil Helicopter Market has been segregated into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
The market in North America was valued at USD 3,774.0 Million in 2018. The presence of major market players, such as Lockheed Martin Corporation and Textron Inc., is expected to drive market growth in North America. The regional market is estimated to register a CAGR of 4.16% during the forecast period.
Europe is projected to be a major market for civil helicopters during the review period. The regional market is expected to reach USD 3,792.4 Million by 2024 at a CAGR of 3.80% during the forecast period. Asia-Pacific is projected to be a key region for the market during the review period. The market in the region is expected to reach USD 2,398.7 Million by 2024, registering a CAGR of 4.34% during the forecast period.
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The Prominent Players in the Global Civil Helicopter Market include Lockheed Martin Corporation (US), Airbus SAS (Netherlands), Aviation Industry Corporation of China (China), Textron Inc. (US), Enstrom Helicopter Corporation (US), Hindustan Aeronautics Limited (India), Korea Aerospace Industries, Ltd (South Korea), Leonardo SpA (Italy), MD Helicopters, Inc. (US), Robinson Helicopter Company (US), and Russian Helicopters, JSC (Russia).
- In June 2018, Textron Inc. delivered three Bell 505 helicopters to Reignwood International Investment Group Company Ltd. The contract enabled the company to strengthen its presence in the Chinese helicopter market.
- In February 2018, Textron Inc. delivered two Bell 505 helicopters to Vietnam Helicopter Corporation and Northern Vietnam Helicopter Company. The contract enabled the company to develop its position in the Asian helicopter market.
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Table Of Contents
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL CIVIL HELICOPTER MARKET, BY ENGINE TYPE
1.1.2 GLOBAL CIVIL HELICOPTER MARKET, BY WEIGHT
22.214.171.124 GLOBAL CIVIL HELICOPTER MARKET, BY LIGHT HELICOPTERS
1.1.3 GLOBAL CIVIL HELICOPTER MARKET, BY OWNERSHIP
1.1.4 GLOBAL CIVIL HELICOPTER MARKET, BY END USE
1.1.5 GLOBAL CIVIL HELICOPTER MARKET, BY REGION
2 MARKET INTRODUCTION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET INSIGHTS
5 IMPACT OF COVID-19
5.1 IMPACT OF COVID-19 ON THE GLOBAL CIVIL HELICOPTER MARKET
5.1.1 IMPACT OF COVID-19 ON GLOBAL MARKET
5.2 IMPACT OF COVID-19 ON THE GLOBAL CIVIL HELICOPTER MARKET
5.3 SUPPLY CHAIN IMPACT
5.3.1 IMPACT ON MANUFACTURER/DEVELOPER
5.3.2 IMPACT ON COMPONENT SUPPLIER
5.3.3 IMPACT ON DISTRIBUTION/LOGISTICS
5.3.4 IMPACT ON CONSUMER
5.4 MARKET RECOVERY ANALYSIS
6 MARKET DYNAMICS
6.2.1 GROWING DEMAND IN DEVELOPING COUNTRIES
6.2.2 INCREASING NEED FOR HELICOPTER EMERGENCY MEDICAL SERVICES
6.2.3 INCREASING DEMAND FOR LIGHTWEIGHT HELICOPTERS
6.2.4 DRIVERS IMPACT ANALYSIS
6.3.1 STRINGENT GOVERNMENT REGULATIONS
6.3.2 HIGH MANUFACTURING COSTS
6.3.3 RESTRAINTS IMPACT ANALYSIS
6.4.1 ALLIANCES BETWEEN THE HELICOPTER MANUFACTURERS AND OPERATORS
6.5 TECHNOLOGICAL TRENDS
6.5.1 HYBRID ELECTRIC PROPULSION SYSTEMS
6.5.2 INTERNET OF THINGS (IOT)
6.5.3 ARTIFICIAL INTELLIGENCE (AI)
6.5.4 BIG DATA ANALYTICS
6.6 PATENT ANALYSIS
6.7 REGULATORY LANDSCAPE/STANDARDS
6.7.1 U.S. DEPARTMENT OF TRANSPORTATION CIRCULAR FEDERAL AVIATION ADMINISTRATION
6.7.2 ANNEX 16 - ENVIRONMENTAL PROTECTION - VOLUME III - AEROPLANE CO2 EMISSIONS
6.7.3 DETAILS ON FAA NOISE LEVELS, STAGES, AND PHASEOUTS
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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