Global Helicopter Turboshaft Engine
Market Report
2024
The Global Helicopter Turboshaft Engine market size will grow at a compound yearly growth rate (CAGR) of 3.50% from 2023 to 2030.
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 Turboshaft Engine market size will grow at a compound yearly growth rate (CAGR) of 3.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Helicopter Turboshaft Engine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.5% |
Market Split by Component |
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Market Split by Service |
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Market Split by End User |
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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 Turboshaft Engine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The global helicopter turboshaft engines market is set to experience steady growth, driven by a combination of continuous technological advancements, growing environmental awareness, and the rising need for streamlined operations. The helicopter's popularity in the commercial and military sectors has progressively grown. Furthermore, increased demand for helicopters leads to a rise in the manufacturing of new helicopter engines by OEMs in the global helicopter engines market. The international helicopter engine market is expected to grow in response to increasing consumer demand for more modern avionics and flying safety.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Helicopter turbine engine industry.
For instance, in May 2023, G.E. Aviation and NAVAIR were awarded a contract worth USD 683.7 million for three additional batches of T408 engines that will power the Sikorsky CH-53K King StallionTM, which serves as the primary heavy-lift helicopter for the US Marine Corps (USMC). The final assembly of these engines is planned at the G.E. Aerospace Lynn, Massachusetts, facility, and delivery is anticipated to occur between 2024 and 2027.
The helicopter engine market has experienced a notable surge due to a substantial increase in helicopter adoption. This uptick can be attributed to a diverse range of factors, including heightened demand for air medical services, search and rescue operations, and VIP transport.
Honeywell was awarded a four-year indefinite delivery indefinite quantity (IDIQ) contract worth USD 476 million to Honeywell for new production and spare T55-GA-714A engines that power the U.S. Army's CH-47 Chinook helicopters.
Moreover, urban air mobility initiatives and advancements in military applications have bolstered this trend. Additionally, technological improvements in engine efficiency, reduced emissions, and enhanced safety features have propelled the market forward. As a result, manufacturers and stakeholders are strategically aligning their offerings to meet the escalating demands of a rapidly expanding helicopter industry.
The helicopter engine market is poised for significant growth due to advancements in technology. Cutting-edge innovations in materials, design, and manufacturing processes are enhancing engine performance, fuel efficiency, and reliability. These developments are attracting key players and driving competition, leading to improved offerings.
General Electric partnered with CGI to follow the joint development and implementation of electric grid software in North America. Its unique partnership bridges information technology and operational technology (O.T.) in the utility industry. G.E. and CGI will focus on real-time grid operations and controls, critical infrastructure and Cyber security.
(Source:www.ge.com/news/press-releases/ge-and-cgi-partner-advance-digital-grid-future)
Additionally, the integration of advanced control systems and hybrid-electric propulsion technologies is revolutionizing the industry. Rising demand for more eco-friendly and efficient solutions is further accelerating market expansion. As a result, the helicopter engine market is expected to experience robust growth in the coming years, driven by a wave of transformative technological advancements.
The helicopter engine market faces significant barriers to the adoption of new technology and equipment. High capital investment requirements deter operators from upgrading to more advanced engines. Additionally, complex certification processes and stringent regulatory standards prolong the time-to-market for innovative technologies. Compatibility issues with existing airframes also pose a challenge, necessitating costly modifications. Moreover, concerns regarding the reliability and performance of new engines may discourage operators from transitioning away from proven, albeit older, technology. The limited availability of skilled technicians for the maintenance and repair of advanced machines further impedes widespread adoption. These factors collectively hinder the rapid integration of cutting-edge technologies in the helicopter engine market.
The COVID-19 pandemic significantly impacted the helicopter engine market. Due to travel restrictions, reduced demand for commercial aviation and tourism led to a sharp decline in helicopter sales and maintenance services. Many manufacturers experienced production delays and supply chain disruptions. Government budget constraints also affected military helicopter procurement. However, there was a slight recovery in the latter half of 2020 and 2021, driven by increased demand for medical and cargo transport. As the industry adapted to new health and safety protocols, the market showed signs of stabilization. Future growth is expected with the global economy's gradual recovery and increasing demand for emergency response and transportation services.
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The industry leaders for market share through technological advancements, cost-effective solutions, and strategic partnerships with helicopter manufacturers. Additionally, emerging players like Turbomeca (a subsidiary of Safran) and Ukrainian Motor Sich are gaining traction. Factors like regulatory compliance, environmental concerns, and evolving customer demands for enhanced performance and fuel efficiency further influence the market's competitive landscape.
January 2023: Yellowhead Helicopters awarded Safran Helicopter Engines a continuing Maintenance, Repair, and Overhaul (MRO) services contract covering 21 engines to support Arriel engine-powered AS350 and H125 fleets in North America. Through the Support-By-the-Hour (SBH®) contract, Safran will support Yellowhead Helicopters in its expenditure for the forestry, mining, oil and gas, utility, and tourism industries.
(Source:www.ainonline.com/aviation-news/business-aviation/2023-01-18/safran-signs-support-hour-contract)
November 2022: The Helicopter and Jet Company (THC) awarded Safran Helicopter Engines a long-term Maintenance, Repair, and Overhaul (MRO) services contract covering more than 60 engines for its fleet of H160, H125, and H145 fleet powered by Safran'sArrano and Arriel engines. The Helicopter and Jet Company currently operates a fleet of 30 helicopters, offering a range of commercial services in the Kingdom of Saudi Arabia, along with emergency medical service (EMS), aerial work, private charter, aerial photography and filming, and tourism.
Top Companies Market Share in Helicopter Turboshaft Engine Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. North America held the dominant position in the global helicopter engine market. The market also benefits from the presence of aviation incumbents in the region and the demand for helicopters from the end-users based in both the U.S. and Canada. Currently, the U.S. operates the largest helicopter in the world, with more than 9,000 commercial helicopters in the country. The United States, in particular, was a key market player due to its extensive military and civil helicopter fleets. Additionally, the presence of numerous defense contractors and a robust demand for emergency medical services (EMS) and search and rescue (SAR) operations contributed to North America's market leadership.
Asia-Pacific emerged as the fastest-growing region in the helicopter engine market. Countries like China, India, and Japan experienced significant economic growth and increased investments in defense and commercial aviation. It drove a surge in demand for helicopters, both for military applications and civilian use, such as corporate transportation and tourism. Moreover, rising urbanization and the need for efficient transportation in congested cities further fueled the demand for helicopters in this region. Local manufacturing initiatives and joint ventures with global helicopter manufacturers also played a crucial role in propelling growth in the Asia-Pacific market.
The current report Scope analyzes Helicopter Turboshaft Engine 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
The above graph is for illustrative purposes only.
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Global Helicopter Turboshaft Engine 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 Turboshaft Engine Industry growth. Helicopter Turboshaft Engine market has been segmented with the help of its Component, Service End User, and others. Helicopter Turboshaft Engine 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.
Engines with 0-1000 HP cater to a wide range of helicopters, including light and medium-sized models used for tasks like private transportation, tourism, and light cargo transport. These engines are known for their efficiency and cost-effectiveness, making them popular choices for applications where fuel economy and lower operational costs are crucial considerations. Moreover, their compact size and lighter weight allow for enhanced maneuverability, which is a significant advantage in various functional scenarios.
On the other hand, engines with 1000-3000 HP are typically installed in larger and more powerful helicopters used for heavy-lift operations, search and rescue missions, military applications, and offshore transportation. These engines offer substantial power to handle demanding tasks and are designed to provide superior performance in adverse conditions. They often incorporate advanced technologies to ensure reliability, durability, and high power-to-weight ratios.
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Light helicopters are characterized by their compact size and lower maximum takeoff weight (MTOW) compared to their heavier counterparts. They find extensive application in tasks where agility, maneuverability, and operational flexibility are paramount. These include activities such as aerial surveillance, law enforcement, emergency medical services (EMS), search and rescue missions, and private transportation. The engines employed in light helicopters are designed for efficiency, reliability, and ease of maintenance, reflecting the emphasis on cost-effective operations and versatility.
On the other hand, heavy helicopters are larger and possess a higher MTOW, allowing them to undertake more substantial missions. These helicopters are commonly used in roles that demand superior lifting capacity and long-range capabilities, such as offshore oil rig support, heavy cargo transport, troop deployment, and firefighting operations. The engines powering heavy helicopters are engineered to deliver robust performance under demanding conditions, prioritizing power, durability, and endurance.
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The military segment encompasses engines designed specifically for deployment in various defense and security applications. These engines are engineered to meet rigorous specifications, including high-performance capabilities, durability, and reliability in demanding environments. Military helicopter engines are often optimized for specific missions such as transport, reconnaissance, search and rescue, and combat. They may also be equipped with advanced features like infrared suppression to evade detection. Governments and defense agencies worldwide invest significantly in upgrading their helicopter fleets, driving a substantial portion of the helicopter engine market. Factors influencing this segment include geopolitical tensions, defense budgets, and the need for modernization.
The commercial segment involves engines tailored for civilian applications, including transport, tourism, medical evacuation, and offshore operations. Commercial helicopter engines prioritize factors like fuel efficiency, reduced emissions, and passenger comfort. They are designed to adhere to stringent safety and regulatory standards set by aviation authorities. This segment is influenced by factors such as economic growth, tourism trends, and urbanization, all of which contribute to the demand for commercial helicopter services. Additionally, innovations in technology, such as hybrid and electric propulsion systems, are gradually influencing this segment as the industry seeks more sustainable solutions.
Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Helicopter Turboshaft Engine Market is witnessing significant growth in the near future.
In 2023, the 0-1000 Hp segment accounted for noticeable share of global Helicopter Turboshaft Engine Market and is projected to experience significant growth in the near future.
The Light Helicopter segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Rolls-Royce , Pratt&Whitney and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | 0-1000 Hp, 1000-3000 Hp |
Service | Light Helicopter, Heavy Helicopter |
End User | Military, Commercial |
List of Competitors | Rolls-Royce, G.E. Aviation, Pratt&Whitney, Safran, PBS, Motor Sich, Konner Helicopters, UEC Saturn, Competi |
This chapter will help you gain GLOBAL Market Analysis of Helicopter Turboshaft Engine. Further deep in this chapter, you will be able to review Global Helicopter Turboshaft Engine 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
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. 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 Component Analysis 2019 -2031
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Chapter 11 Market Split by Service Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Helicopter Turboshaft Engine market
Chapter 13 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 0-1000 Hp have a significant impact on Helicopter Turboshaft Engine market? |
What are the key factors affecting the 0-1000 Hp and 1000-3000 Hp of Helicopter Turboshaft Engine Market? |
What is the CAGR/Growth Rate of Light Helicopter during the forecast period? |
By type, which segment accounted for largest share of the global Helicopter Turboshaft Engine Market? |
Which region is expected to dominate the global Helicopter Turboshaft Engine Market within the forecast period? |
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