Commercial Helicopter Market Size Worth $8.92 Billion by 2030: Grand View Research, Inc.

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28 Apr, 2022, 12:00 GMT

SAN FRANCISCO, April 28, 2022 /PRNewswire/ -- The global commercial helicopter market size is projected to reach USD 8.92 Billion by 2030, growing at a CAGR of 5.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growth in gas and oil excretion and exploration activities and increased demand for air ambulances for medical purposes are expected to be the market drivers. Furthermore, the increasing popularity of rotorcraft in commercial applications in the Asia Pacific and the Middle East, and the European region is boosting the market growth. The emergence of COVID-19 created a significant impact on the business, specifically in the U.S, Asia Pacific, and Europe region, impacting the demand for helicopters, resulting in, late deliveries, the allowance of minimal staff at production facilities, manufacturing closure, and minimal equipment availability across all markets.

Key Insights & Findings from the report:

Growing adoption of advanced rotorcraft for public safety, law enforcement, and other parapublic uses will likely create several market growth prospects.
Manufacturers intend to expand low-noise and environmentally sustainable rotorcraft as more stringent regulatory standards designed to regulate emissions and noise pollution are adopted in developed economies such as the U.S.
The government purchases helicopters for military and navy use like passenger transport and cargo, information on the battlefield, anti-aircraft missiles, and anti-submarine mines. For instance, In June 2020, Lockheed Martin Corporation signed a USD 375 Million agreement with the Indian Navy to customize anti-submarine warfare 24 Sikorsky MH-60R aircraft.
Asia-Pacific is anticipated to grow at a higher CAGR of 7.8% from 2022 to 2030. Factors such as investment in indigenous aviation, relaxation of airspace restrictions, rising tourism demand for rotorcraft, and infrastructure development in emerging economies are expected to drive the growth of commercial helicopters in the region.
R&D activities are expected to create significant growth opportunities for companies specializing in advanced rotorcraft development, such as optional rotorcraft, tilt rotorcraft, and co-axial rotors.

Read 140-page market research report, "Commercial Helicopter Market Size, Share & Trends Analysis Report By Type (Light, Medium, Heavy), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Commercial Helicopter Market Growth & Trends

Furthermore, there has been a recent rise in demand for customized and luxurious helicopters in the transportation sphere, which is expected to increase with a growing preference for luxury and enhanced comfort among high-end business travelers. There has also been a noticeable increase in the purchase of new helicopters for activities like training, tourism, Firefighting application, enforcement of the law, and particularly for replacing older fleets and widening the application base. Additionally, an increase in demand for changes in operational requirements, fuel-efficient rotorcraft, and expiring warranties are the key factors anticipated to be drivers of the market over the forecast period for new helicopters.

The North America market is expected to grow significantly during the forecast period due to the growing demand for rotorcraft in the oil and gas and renewable energy industries. The Asia Pacific market was valued at the largest revenue share in 2021 and is expected to grow during the forecast period. Due to the easing of space rules and the rise of the regional aviation sector, countries like India and China are likely to emerge as fast-growing markets.

Commercial Helicopter Market Segmentation

Grand View Research has segmented the global commercial helicopter market report on the basis of type, application, and region:

Commercial Helicopter Market - Type Outlook (Revenue, USD Million, 2018 - 2030)

Light
Medium
Heavy
Very Large

Commercial Helicopter Market - Application Outlook (Revenue, USD Million, 2018 - 2030)

Oil & Gas
Medical Services
Transport
Law Enforcement & Public Safety
Others

Commercial Helicopter Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada

Europe

Germany
U.K.

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico

Middle East & Africa

List of Key Players of Commercial Helicopter Market

Airbus S.A.S.
Bell Helicopter Textron Inc.
Enstrom Helicopter Corp.
Hindustan Aeronautics Limited,
Leonardo S.P.A.
Lockheed Martin Corporation
MD Helicopters, Inc.
Robinson Helicopter Company

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Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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