Commercial Helicopter Market Worth $6.9 Billion by 2025
The global commercial helicopter market size is expected to reach USD 6.92 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Factors such as the growth in oil and gas exploration activities and rising demand for air ambulances in medical evacuation are expected to drive the market. Increasing popularity of rotorcraft for commercial applications in the countries from Middle East and Asia Pacific coupled with its success in western countries, is anticipated the further propel the growth.
Key suggestions from the report:
Increasing demand for advanced rotorcraft for law enforcement, public safety, and other parapublic applications is expected to offer numerous opportunities for market growth
Rising adoption of stringent regulatory policies regarding emissions and noise pollution in developed economies, such as the U.S., is encouraging manufacturers to develop low-noise and environmentally friendly rotorcraft.
Key manufacturers are expected to reduce their delivery and production rates to support secondary markets; manufacturing aircrafts that are easier to re-configure for various applications.
Middle East and Africa is emerging as a new frontier for the global market as the regional governments are increasingly seeking replacement of older fleet with advanced rotorcraft
The R&D activities are expected to create significant growth opportunities for the companies specializing in the development of advanced rotorcraft, such as optionally-piloted rotorcraft, tilt rotorcraft, and the ones with co-axial rotors
Read 140 page research report with ToC on "Commercial Helicopter Market Size, Share & Trends Analysis Report By Type (Light, Medium, Heavy), By Application (Medical Services, Law Enforcement & Public Safety), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/commercial-helicopters-market
Noticeable rise in the purchase of new helicopters for tourism, training, law enforcement, and firefighting applications, particularly as a result of the continued replacement of older fleets and the widening application base is expected to bode well for the market growth. In the transportation domain, the demand for luxurious and customized helicopters is increasing at a rapid pace. The popularity of personalized chartered helicopters is expected to increase in line with the growing preference for enhanced comfort and luxury among the high-end business travellers.
Rising demand for fuel-efficient rotorcraft, expiring warranties, and changes in operational requirements are some of the key factors anticipated to drive the demand for new helicopters over the forecast period. Commercial fleet operators purchase new helicopters based on various parameters, such as performance, range, cabin size, technology upgrades, and brand experience. Rapid infrastructural development and airline deregulation in emerging countries across the world is expected to offer immense opportunity for the sale of rotorcraft.
The North America commercial helicopter market is anticipated to experience substantial growth during the forecast period owing to the rising demand for rotorcraft in oil and gas and renewable energy industries. The market in Asia Pacific was valued at more than a billion dollar in 2018 and is projected to expand at a CAGR of approximately 6% over the forecast period. Countries, such as India and China, are expected to emerge as some of the fastest-growing markets due to the relaxation of airspace regulations and growth in the regional aviation sector.
Grand View Research has segmented the global commercial helicopter market based on type, application, and region:
Commercial Helicopter Type Outlook (Revenue, USD Million, 2015 - 2025)
Light
Medium
Heavy
Very large
Commercial Helicopter Application Outlook (Revenue, USD Million, 2015 - 2025)
Oil & Gas
Medical Services
Transport
Law Enforcement & Public Safety
Others
Commercial Helicopter Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
Find more research reports on Automotive & Transportation, by Grand View Research:
Aircraft MRO Market – The global aircraft MRO market size was valued at USD 75.71 billion in 2018 and is anticipated to register a CAGR of over 4.7% from 2019 to 2025.
Commercial Aircraft Landing Gear Market – The global commercial aircraft landing gear market size was estimated at USD 5.12 billion in 2016 and is expected to witness substantial growth over the forecast period.
Ground Handling System Market – The ground handling system market size was estimated at USD 97.82billion in 2014.
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