What is Global Helicopters Market?
The Global Helicopters Market is a vast and dynamic sector that encompasses the production, sales, and usage of helicopters on a global scale. This market is not confined to a single region or country but spans across continents, making it a truly global industry. The market's value was estimated at US$ 25270 million in 2022, and it is projected to reach US$ 29280 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period of 2023-2029. The market is dominated by four major manufacturers who collectively hold a share of nearly 65%. This suggests a high level of concentration and competition within the market. In terms of product categories, the market is segmented into Light, Medium, and Heavy Helicopters. Among these, Heavy Helicopters form the largest segment, accounting for about 60% of the market share. This could be attributed to their wide range of applications in various sectors such as military, civil, and commercial.
Light Helicopters, Medium Helicopters, Heavy Helicopters in the Global Helicopters Market:
The Global Helicopters Market is further segmented based on the size of the helicopters into Light, Medium, and Heavy Helicopters. Light Helicopters are small, agile, and typically used for short-distance travel, training, or recreational purposes. They are also used in emergency medical services due to their ability to land in tight spaces. Medium Helicopters, on the other hand, are larger and more powerful. They are commonly used for longer-distance travel, search and rescue operations, and offshore oil and gas transportation. Heavy Helicopters are the largest and most powerful of the three categories. They are primarily used for heavy-lift operations, such as transporting large cargo or personnel in military and commercial sectors. Each of these categories has its unique features and applications, contributing to the diversity and versatility of the Global Helicopters Market.
Military, Civil and Commercial in the Global Helicopters Market:
The Global Helicopters Market finds its applications in various sectors, including Military, Civil, and Commercial. In the Military sector, helicopters are used for a variety of purposes, including troop transportation, medical evacuation, combat search and rescue, and surveillance. They play a crucial role in modern warfare due to their versatility and ability to operate in diverse terrains. In the Civil sector, helicopters are used for emergency medical services, firefighting, law enforcement, and other public services. They are also used for personal transportation and recreational purposes. In the Commercial sector, helicopters are used for offshore oil and gas transportation, aerial surveying, and tourism. The wide range of applications of helicopters in these sectors contributes to the growth and dynamism of the Global Helicopters Market.
Global Helicopters Market Outlook:
The future outlook of the Global Helicopters Market is promising, with an expected growth rate of 2.1% from 2023 to 2029. The market, which was valued at US$ 25270 million in 2022, is projected to reach US$ 29280 million by 2029. This growth can be attributed to the increasing demand for helicopters in various sectors, including military, civil, and commercial. The market is dominated by four major manufacturers, who collectively hold a share of nearly 65%. This indicates a high level of competition within the market. In terms of product segmentation, Heavy Helicopters form the largest segment, accounting for about 60% of the market share. This could be due to their wide range of applications in heavy-lift operations, both in military and commercial sectors.
| Report Metric | Details |
| Report Name | Helicopters Market |
| Accounted market size in 2022 | US$ 25270 in million |
| Forecasted market size in 2029 | US$ 29280 million |
| CAGR | 2.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Airbus Helicopters, Robinson Helicopter, Russian Helicopters, Bell, Lockheed Martin, Leonardo, Korea Aerospace Industries (KAI), Boeing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
