Global Helicopter
Market Report
2024
Helicopter Market will be USD 57151.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Helicopter market will be USD 57151.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Helicopter Market Sales Revenue 2024 | $ 57151.2 Million |
Global Helicopter Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
North America Helicopter Market Sales Revenue 2024 | $ 22860.5 Million |
North America Helicopter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.2% |
Europe Helicopter Market Sales Revenue 2024 | $ 17145.4 Million |
Europe Helicopter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Asia Pacific Helicopter Market Sales Revenue 2024 | $ 13144.8 Million |
Asia Pacific Helicopter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
South America Helicopter Market Sales Revenue 2024 | $ 2857.56 Million |
South America Helicopter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.4% |
Middle East and Africa Helicopter Market Sales Revenue 2024 | $ 489.21 Million |
Middle East and Africa Helicopter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Market Split by Type |
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Market Split by Application |
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Market Split by Component & System |
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Market Split by Number of engines |
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Market Split by Aftermarket by Component & System |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Helicopter Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A helicopter is a versatile aircraft that achieves flight through rotor blades rotating atop a central mast. It can hover, take off vertically, and maneuver in various directions, making it useful for tasks like transport, rescue, and surveillance. Its design allows for vertical flight without the need for runways. The increase in military expenditure, commercial demand, innovations in helicopter design, avionics, materials, and propulsion systems, emergence of UAM and air taxi services, aging helicopter fleets in both military and commercial sectors, political instability, conflicts, and security threats, natural disasters and humanitarian aid, changes in aviation regulations, evolving regulatory requirements, growing emphasis on environmental sustainability and emissions reduction, increase in market competition, financial factors and training and maintenance needs are the major factors influencing the growth of the Helicopter Market.
For instance, in February 2023, Hindustan Aeronautics Limited (HAL), an India-based state-owned aerospace and defense company, unveiled a new manufacturing unit in Karnataka, India. HAL intends to manufacture more than 1,000 rotary-wing aircraft with different load capacities, generating a total revenue of over USD 4 billion over the next two decades.
The expansion of the military fleet is creating a significant increase in global demand. As nations seek to modernize and strengthen their defense capabilities, they prioritize the acquisition of advanced helicopters for various missions such as transport, surveillance, search and rescue, and combat operations. This expansion is fueled by evolving security threats, territorial disputes, and the need for rapid deployment and response capabilities. Additionally, advancements in technology have led to the development of more versatile and capable helicopter platforms, further incentivizing military organizations to upgrade their fleets. Consequently, increased defense spending and strategic alliances drive market growth as governments invest in expanding and modernizing their helicopter fleets to maintain operational superiority and address emerging security challenges effectively.
For instance, In June 2022, Lockheed Martin Corp was awarded a five-year contract worth USD 2.3 billion to manufacture a minimum of 120 H- 60M Black Hawks as the U.S. military seeks a successor to its existing fleet. The five-year contract includes an option for 135 additional aircraft, valued at USD 4.4 billion, available to the Army, U.S. agencies, and allies.
The development of hybrid and electric propulsion systems aims to provide growth in the Market. Hybrid systems combine traditional fuel-powered engines with electric motors, offering increased efficiency, reduced emissions, and quieter operation. Electric propulsion systems further enhance these benefits by eliminating emissions and reducing operational costs. Moreover, advancements in battery technology are extending flight durations and enabling the electrification of larger aircraft. These innovations not only align with growing environmental concerns and regulations but also present opportunities for manufacturers to differentiate their products and cater to a market increasingly focused on sustainability and efficiency. As a result, the adoption of hybrid and electric propulsion systems is poised to shape the future landscape of the helicopter industry.
For instance, in December 2021, Avio Aero, a GE Aerospace business that specializes in the design, manufacturing, and maintenance of civil and military aeronautics subsystems and systems, showcased VRT 500 single-engine light rotorcraft. It consists of an innovative hybrid propulsion system that automatically activates an electric engine to safely assist the pilot during landing maneuvers in case of thermal engine failure. These advancements improved safety, efficiency, performance, and new capabilities in unmanned systems and advanced sensors.
(Source: https://www.geaerospace.com/company/businesses/avio-aero)
The Helicopter market faces challenges due to High Operational Costs. These costs encompass various factors, such as fuel expenses, maintenance, insurance, and skilled personnel wages. Helicopters demand meticulous maintenance and frequent inspections to ensure safety and reliability, contributing to substantial operational expenditures. Additionally, the cost of spare parts and upgrades can further burden operators. High operational costs not only hinder market growth but also limit accessibility, particularly for smaller operators and regions with limited financial resources, ultimately affecting the overall expansion and development of the helicopter industry.
The market for helicopters experienced a varied impact. Initially, the market faced disruptions in supply chains, project delays, and reduced investments amidst economic uncertainties. With reduced tourism, oil and gas exploration, and corporate travel, helicopter operators experienced a decline in revenue and flight activity. However, the pandemic also highlighted the versatility of helicopters in medical evacuations, cargo transportation, and public safety operations, leading to increased demand in certain sectors. The market adapted with enhanced safety protocols, digitization, and fleet optimization strategies. As the world navigates recovery, the helicopter market is poised for gradual growth, albeit with ongoing uncertainties regarding travel patterns and economic stability.
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The Helicopter market is intensely competitive, with key players driven by technological advancements, innovation, and a focus on efficiency and reliability. Market players strive to expand their global presence, offering comprehensive solutions and services to meet the diverse needs of helicopter infrastructure projects worldwide.
December 2022—The U.S. Army has awarded Bell Textron Inc. a contract to construct a new long-range assault aircraft. Valued at up to USD 1.3 billion, the contract was won against a joint team from Lockheed Martin Corp. and Boeing Co. and will replace the famous Black Hawk helicopters by 2030.
Top Companies Market Share in Helicopter Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. It is due to the strong presence of leading helicopter manufacturers and operators. Civil applications, including emergency medical services, law enforcement, and offshore operations, further bolster demand. Technological advancements, such as the integration of advanced avionics and autonomous capabilities, enhance operational efficiency and safety. Moreover, increasing investments in infrastructure development and aerial firefighting capabilities amplify market opportunities. Overall, North America's helicopter market exhibits promising growth prospects, propelled by a combination of military, civil, and technological advancements.
The European region is witnessing the fastest growth due to the increasing demand for civil applications like emergency medical services, corporate travel, and tourism. Military modernization initiatives also contribute significantly to market expansion. Europe's well-developed infrastructure, stringent safety regulations, and established aerospace industry further bolster market growth. Moreover, rising investments in research and development for advanced technologies like electric and autonomous helicopters underscore the region's potential. Despite challenges such as regulatory complexities and economic uncertainties, Europe's helicopter market is poised for steady growth, offering lucrative opportunities for stakeholders across various segments.
The current report Scope analyzes Helicopter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD 22860.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. In North America, Helicopter sales dominate, fuelled by military modernization efforts, including the need for advanced rotorcraft for defense and security applications. Civilian demand is fueled by growth in emergency medical services, law enforcement, and corporate transportation sectors. Additionally, technological advancements, such as increased efficiency and safety features, propel market expansion. Furthermore, the region's robust infrastructure and favorable regulatory environment further bolster growth opportunities for helicopter manufacturers and operators in North America.
Country Analysis
Cognitive Market Research shows a market value of USD 57151.2 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 17145.36 million. Europe’s growth is driven by increasing demand for natural gas due to increasing demand for emergency medical services, search and rescue operations, and law enforcement applications. Additionally, growth in tourism and corporate travel fuels demand for helicopter charter services. Technological advancements, such as improved fuel efficiency and reduced noise levels, also contribute to market expansion. Furthermore, military modernization programs and defense spending bolster the market, with Europe being a key region for defense procurement and homeland security initiatives, further propelling the helicopter industry.
According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which Asia Pacific held the Market of around 23% of the global revenue with a market size of USD 13144.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. The Asia Pacific region is experiencing growth due to rapid urbanization and increasing demand for emergency medical services (EMS) in densely populated regions. Additionally, expanding tourism industries in countries like Thailand and Indonesia are boosting demand for helicopter charter services. Military modernization efforts across the region are also significant contributors to market expansion, driven by territorial tensions and security concerns. Moreover, advancements in technology and infrastructure development further stimulate market opportunities in this dynamic region.
According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 2857.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Helicopter sales in Latin America are experiencing growth due to increased demand for aerial surveillance, medical evacuation, and transportation in remote regions. Additionally, rising investments in infrastructure development and disaster relief efforts contribute to market expansion. Government initiatives to modernize defense forces and enhance border security further stimulate demand. Moreover, growing tourism activities in scenic locations create opportunities for helicopter charter services. Overall, these factors propel the growth trajectory of the helicopter market in Latin America.
According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD 489.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. MEA experiences an upswing in Helicopter sales driven by expanding air medical services, search and rescue operations, offshore oil exploration, and military modernization initiatives. Increased demand for versatile rotorcraft solutions, especially in challenging terrains. Additionally, governmental investments in infrastructure and defense bolster procurement activities. Furthermore, rising tourism and VIP transportation need to contribute to the market's upward trajectory. Geopolitical tensions also play a role in stimulating demand for military and security applications, consolidating the region's position as a key market for helicopters.
Global Helicopter Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Helicopter Industry growth. Helicopter market has been segmented with the help of its Type, Application Component & System, and others. Helicopter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the military held the major market share over the forecast period. Helicopters are primarily designed for defense and security purposes, including troop transport, combat operations, and search and rescue missions. They often feature advanced weaponry systems and specialized equipment tailored for military applications.
Civil and commercial are the fastest-growing categories over the forecast period. They serve a wide range of purposes, such as passenger and cargo transportation, emergency medical services, law enforcement, and aerial work operations like firefighting and construction. They prioritize efficiency, safety, and versatility to meet diverse civilian needs, contributing significantly to transportation infrastructure and various industries worldwide.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Helicopter Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the military holds a prominent market share. They serve diverse roles, including troop transport, logistics support, and search and rescue operations. They are also integral to combat missions, providing air support and tactical advantages on the battlefield.
Attack and reconnaissance Helicopters are the fastest-growing category over the forecast period. They are specialized in combat situations and equipped with advanced sensors and weapons systems for surveillance, targeting, and engaging hostile forces. These helicopters play a crucial role in modern warfare, offering rapid response capabilities and enhanced situational awareness to ground forces.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Helicopter market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the airframe holds a prominent market share. It encompasses the fuselage, wings, and tail assembly, which form the structural backbone of helicopters and influence performance and durability.
Aerostructures are the fastest-growing category over the forecast period. These include rotor blades and associated systems, which are vital for aerodynamic efficiency and flight stability. Understanding this segmentation aids in assessing market dynamics, such as demand trends, technological advancements, and competitive landscapes.
According to Cognitive Market Research, the twin engine holds a prominent market share. They offer enhanced safety and reliability through redundancy, making them preferred for missions requiring increased resilience, such as offshore operations or emergency medical services.
Single engine is the fastest-growing category over the forecast period. They are valued for their simplicity, lower operational costs, and suitability for light to medium-duty tasks like aerial photography or personal transportation.
According to Cognitive Market Research, aerostructures hold a prominent market share. These form the structural framework of helicopters, encompassing fuselage, wings, and other essential components, impacting overall performance and durability.
Main rotor systems are the fastest-growing category over the forecast period. These systems, comprising blades, hubs, and transmission, are critical for lift generation and maneuverability. Understanding the interplay between aerostructures and main rotor systems is crucial for assessing helicopter performance, safety, and efficiency.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Disclaimer:
Type | Military , Heavy Helicopters ( >8.5 Tons) , Medium Helicopters (4.5 -8.5 Tons) , Light Helicopters ( <4.5 Tons) , Civil & Commercial , Heavy Helicopters ( >9.0 Tons) , Medium Helicopters (3.1 -9.0 Tons) , Light Helicopters ( <3.1 Tons) |
Application | Low-Pressure Application , Medium Pressure Application |
Component & System | Airframe , Aerostructures , Main Rotor Systems , Cabin Interiors , Anti-torque Systems , Transmission Systems , Electrical Systems , Hydraulic Systems , Avionics , Stability Augmentation Systems , Flight Control Systems , Undercarriages , Environment Control Systems , Emergency Systems , Special-purpose Systems , Engines |
Number of engines | Twin Engines , Single Engines |
Aftermarket by Component & System | Aerostructures , Main Rotor Systems , Avionics , Landing Gear Systems , Emergency Systems , Cabin Interiors , Actuators , Filters |
List of Competitors | Airbus S.A.S (Netherlands), Textron Inc. (U.S.), Leonardo S.p.A. (Italy), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Rostec (Russia), The Robinson Helicopter Company. (U.S.), Kawasaki Heavy Industries Ltd. (Japan), Hindustan Aeronautics Limited. (India), Kaman Corporation (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Helicopter. Further deep in this chapter, you will be able to review Global Helicopter Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Helicopter Market Trends North America Helicopter Technological Road Map North America Helicopter Market Drivers North America Helicopter Market Restraints North America Helicopter Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component & System Analysis 2019 -2031
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Chapter 13 Market Split by Number of engines Analysis 2019 -2031
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Chapter 14 Market Split by Aftermarket by Component & System Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Helicopter market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Military have a significant impact on Helicopter market? |
What are the key factors affecting the Military and Heavy Helicopters ( >8.5 Tons) of Helicopter Market? |
What is the CAGR/Growth Rate of Low-Pressure Application during the forecast period? |
By type, which segment accounted for largest share of the global Helicopter Market? |
Which region is expected to dominate the global Helicopter Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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