The global commercial helicopter market is expected to reach a valuation of US$ 11.5 Billion by 2032, with the market expanding at a positive CAGR of 6.4% from 2022 to 2032. Valued at US$ 5.9 Billion in 2021, the target market is expected to reach an estimated US$ 6.2 Billion in 2022.
Helicopters that run entirely on electricity still have challenges with weight, distance, and range. Traditional helicopters have an advantage over current pure electric aircraft types because they can withstand extreme conditions, such those that rescue missions frequently take place in, travel farther distances, and perform better in unpredictable weather conditions.
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Hybridized helicopters, which combine the advantages of conventional aircraft with those of electric power, have the potential to increase demand. Manufacturers are aiming to transition to electricity in some form for a number of reasons. For starters, full hybrids’ increased fuel efficiency and ability to reduce emissions are advantageous for the environment because of their combination of an electric motor and a conventional internal combustion engine.
The elevated need for commercial helicopters in emergency services, VIP transport, military and defense activities, and oil and gas rigs as well as the replacement of older fleets propel the growth of the commercial helicopter market during the forecast period.
Helicopters ensure greater connectivity and liveability of cities which propels the market prospects for the same. The use of small aircraft in urban spaces at low altitudes bolsters connectivity and liveability of these urban cities by lessening congestion on important routes in cities. This augments the global sales of commercial helicopters.
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“Rising need for replacement of older fleets along with a demand for advanced models of the target product will drive the global growth of the commercial helicopter market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The commercial helicopter market in the United States will grow at 5.5% CAGR, reaching US$ 3.9 Bn by 2032.
- In Europe, the commercial helicopter market is predicted to expand at a CAGR of 6%, arriving at a value of US$ 2.8 Bn during the assessment period.
- By type, the light commercial helicopter segment is anticipated to register a CAGR of 6% during 2022-2032.
- Based on application, the public safety and law enforcement segment is leading the market with a CAGR of 5.5% during the forecast period.
Competitive Landscape
Top Global commercial helicopter companies are: Airbus S.A.S., Bell Helicopter Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and Robinson Helicopter Company among others are some of the major players in the commercial helicopter market profiled in the full version of the report.
Key market players are concentrating on improving their current models, enhancing safety, and capitalizing on new technologies to cater to consumer demands. These firms are increasing investment in R&D activities for the automation of certain parts of the flying process to lessen the burden on the pilot. Joint ventures, agreements, and collaborations are certain other tactics adopted by some of these market participants.
Market Segments Covered in Commercial Helicopter Market Analysis
Commercial Helicopters Market by Type:
- Light
- Medium
- Heavy
- Very Large
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Commercial Helicopters Market by Application:
- Oil & Gas
- Medical Services
- Transport
- Law Enforcement & Public Safety
- Other Applications
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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