Maximize Market Research has recently added a new research report to its large database of research studies.The research report, titled “ Global Helicopter Market 2021 Industry Research Report,” makes a detailed analysis of the current growing market, capturing a full fledge sketch, Helicopter market restraints and drivers, product segmentation, and minor/major territorial segments.The Helicopter market analysis also covers the competitive outlook of the world Helicopter market, giving the complete profiles of the main business key players. The important insights and recommendations by Helicopter industry adepts would surely guide the market players in qualitatively re-structuring their plans, policies, strategies and avail a competitive edge in the Helicopter business world.On the other hand, the Helicopter market 2021 report also covers the competitive outline of the world Helicopter market, including an overview of the main industries, followed by their business and market policies, financial overview, and recent developments in the market.
Helicopter Market size was valued at USD 41.7 Bn. in 2020. Military, one of the segments reviewed in our report is dominating the market.
Helicopter Market Dynamics:
The worldwide helicopter market is expected to develop as these flying vehicles have low maintenance costs, which will benefit the market’s overall growth. In comparison to winged aircrafts and planes, the Helicopter has a simple design and uses fewer moving parts, which is one of the major reasons for its growing popularity in the worldwide aircraft market.
Furthermore, the helicopter’s engine is less complicated to operate, resulting in greater reliability. Helicopters are noted for their lengthy operating life and working time and overhaul (TBO) as compared to other aircraft engines, which have a shorter TBO. Moreover, low maintenance cost of helicopter engines than other rotary machines and improved flight dynamics provided by prominent players in the market are the key factors driving the product demand. According to Helicopter Association International (HAI), sales of military helicopters was approximately 29.2 billion USD in year 2019 and civil helicopters accounted for 17.82 billion USD in terms of sales.Based on end-user requirements, helicopter manufacturers’ primary focus areas are fuel savings and operational efficiency. The need to modernize military and commercial helicopters is being driven by technological breakthroughs in the aerospace and defense industry, as well as need for greater helicopter power performance. Manufacturers are attempting to lower the overall weight of helicopter engines in order to minimize fuel consumption and improve cost-effectiveness. Besides, technological developments have resulted from increased efforts by helicopter manufacturers to minimize the size and weight of helicopters. A helicopter engine weights about 10-15% of the overall working weight, depending on the model.
Over the previous five years, budget sequestration in the defense sector has gradually reduced defense budgets in wealthy countries. For the 2012–2021 budget, the US Department of Defense requested a cut in defense funding of nearly USD 487 billion. Europe also adopted tough measures to cut military spending, with key countries like Germany, the United Kingdom, Spain, Italy, Ireland, Belgium, and France reducing defense spending overall from 2011 to 2018. To assist optimize their defense budgets, a few developed countries are projected to make significant cuts. Hence, the reducing budget and scarce military expenditure is expected to hamper the market growth.
More restraints and challenges are covered in the report as data from 2020 is analyzed along with key market trends. Moreover, report also covers key analysis on COVID impact on the market with real numbers.
Helicopter Market Segment Analysis:
Civil helicopters segment is expected to drive the market growth:
These are rotor aircraft used for non-military purposes. In particular, they are aircraft used by civilian aviation and private companies to transport passengers. Civil helicopters are mainly used for government institutions, emergency services and hospital services. Rising prevalence of COVID pandemic and need for isolated transportation of patients from one hospital to other made possible by civil helicopters in 2020. Also, they played important role in rescue and training in floods situations in Japan, China, Australia and other countries.
Hence, increasing dependency of government institutions and emergency services on civil helicopters is the key factor considered to drive the segment growth.
Single Engine Operative Mode is dominating the demand:
Single engine operating (SEO) mode allows a twin-engine helicopter to save fuel by shutting down one of its engines while in cruise and quickly restarting it when needed. The Clean Sky 2 demonstrator from Airbus Helicopter demonstrated how new technologies may make helicopters more environmentally friendly by lowering noise and emissions:
SEO — Single engine operative mode allows a twin-engine helicopter to shut down one of its engines when in cruise, saving fuel and allowing the helicopter to climb quickly. Moreover, supercritical transmissions with fewer parts, resulting in a lighter system and shorter maintenance cycles.
Mechanical flight control as a supplement to flight-by-wire, etc. The Clean Sky 2 aircraft will undergo a preliminary design assessment this year and a critical design review in 2018, with a first flight scheduled for two years later.
Helicopter Market Trends:
Vertical has created the VA-X4, a four-passenger electric vertical take-off and landing (eVTOL) aircraft with a top speed of 200 mph (174 knots) and a range of 100 miles (161 kilometers).
Companies are expected to explore commercial taxi flights in new and emerging markets for Bristow operations using the Vertical VA-X4 aircraft in various geographic locations. Bristow will lend its 70+ years of transportation expertise to identify efforts toward regulatory certification, infrastructure, and environmental requirements for the VA-X4.
Airbus UK BREXIT Strategy: Risk Assessment
If the UK leaves the EU without a deal on March 29, 2019, there will be no Transition Period, and the UK will leave the Single Market, the Customs Union, and the jurisdiction of the European Court of Justice. As a result, WTO standards would apply, causing various frictions that would have a significant impact on our business and supply chain.
Due to a disruption in the flow of parts and/or the loss of airworthiness, Airbus’ manufacturing is likely to be severely impacted. Given the current state of uncertainty, buffer stockpiles would be required (estimated at €1 billion, excluding lead time and logistics interruptions).
Given Airbus’ high ramp-up requirements for the best-selling A320 and A350 family of aircraft, unrecoverable delay in the market is expected by UK companies during the forecast period. Non- disclosable agreement in the BREXIT transition period is expected to pose the negative outcome on the company. Despite being a far better outcome than a no-deal scenario, this path forward would still be risky and difficult to manage, as the proposed transition period appears to be too short for governments to agree on all key open points, and for Airbus and its tier one suppliers to agree on and implement all changes with their extensive UK supply chain.
The current boundary conditions will be maintained throughout the transition period, but the terms of the new EU/UK relationship will be revealed later in the process, leaving little time for preparation. The transition from an old to a new framework entails risks for all parties involved, including data, systems, and suppliers.
Helicopter Market Regional Insights:
North America is leading the helicopter market with CAGR of approximately 8.4%. This is primarily owing to the US’s mature helicopter business. As the government is paying more to improve the quality and efficacy of helicopters and their systems, the United States is a lucrative market for helicopter OEMs in the North American region. In order to boost its fleet, the US has likewise allocated a significant portion of its military budget on attack helicopters. Another element driving up demand in the North American region is the demand for light transport helicopters. Major helicopter manufacturers, such as Bell Helicopter, Leonardo, MD and others are also present in North America.
Asia Pacific is considered as fastest growing segment in the market with CAGR of approximately 5.5%. There were a total of 4,385 civil turbine helicopters in operation in the Asia-pacific region at the end of 2020. The helicopter fleet grew by 78 units in 2020, a y-o-y growth rate of 1.8% from the 4,307 units at the end of 2019. The region witnessed compound y-o-y growth of around 3.6% since 2014 with the addition of 830 aircraft. The demand for helicopters, which peaked in 2018 but showed signs of slowing in 2019, fell even further in 2020 as the covid-19 pandemic swept through the world and derailed the global economy. Despite this, the fleet is expected to continue growing in 2021 at a forecasted rate of 0.5%.Europe is considered to propel with CAGR of 6% during the forecast period as European Aviation Safety Agency and other companies in the region have signed MOUs for competitive and innovative aerospace practices in the region of UK, Germany, France and others.
The objective of the report is to present a comprehensive analysis of the Helicopter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.The report also helps in understanding the Helicopter Market dynamics, structure by analyzing the Market segments and project the Helicopter Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Helicopter Market make the report investor’s guide.
Helicopter Market Scope:
Helicopter Market, by region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Helicopter Market Key Players
• Airbus Helicopter Inc. (Airbus Group)
• Agusta Westland
• Bell Helicopter
• Korea Aerospace Industries (KAI)
• PZL Swidnik
• Enstrom Helicopter Corporation
• Kaman Aerospace
• Sikorsky Aircraft Corporation.
• Columbia Helicopters
• Leonardo S.p.A.
• Lockheed Martin Corporation (Sikorsky)
• MD Helicopters Inc.
• Boeing Rotorcraft Systems
• Jiangxi Changhe Aviation Industry Co., Ltd.
• Robinson Helicopter Company
• Russian Helicopters, JSC
• Bell Helicopter Textron Inc.
Table of Contents
- Helicopter Market Overview: Market Segment, Market Size, Sales and Growth, Price by Type
- Global Helicopter Market Competition by Company/Manufacturers: Market Share, Price, Base Distribution, Sales Area, Product by Company and Helicopter Market Competitive Situation and Trends, Helicopter Market Share of Top 5 and Top 10 Players
- Helicopter Company Profiles and Sales Data: Company/Manufacturers Basic Information, Manufacturing Base and Competitors, Helicopter Product Category, Application and Specification, Helicopter Manufacturers Sales, Revenue, Price and Gross Margin(2016-2020) and Main Business Overview
- Helicopter Market Status and Outlook by Regions (North America, Europe, Asia-Pacific, South America, Middle East, and Africa): Market Size and CAGR, Sales and Revenue, Sales Market Share by Regions
- Helicopter Application: Helicopter Product Segment, Sales and Market Share by Application
- Global Helicopter Market Forecast: Sales, Revenue, Growth Rate Forecast (2021-2028) and Forecast by Regions, by Type, by Application
- Helicopter Upstream Raw Materials
- Marketing Strategy Analysis, Distributors
- Research Findings and Conclusion
- Methodology/Research Approach
Browse Complete Helicopter Report details with ToC and List Of Figures Here: https://www.maximizemarketresearch.com/market-report/global-helicopter-market/15356/
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