Commercial helicopter market worth $8.92 Billion by 2030

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 Check out more related studies published by Grand View Research: KSA Air Ambulance Market - The Kingdom of Saudi Arabia (KSA) air ambulance market size is expected to reach USD 146.8 million by 2025, according to a new report by Grand View Research, Inc., registering a 10.4% CAGR during the forecast period. Rise in per capita healthcare expenditure and increasing penetration of private hospital chains are some of the key factors contributing to market growth. Fixed-wing Air Ambulance Service Market - The global fixed-wing air ambulance service market size is expected to reach USD 2.00 billion by 2025, expanding at a 9.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Growing prevalence of chronic health conditions, such as cardiac disorders, that require immediate medical response is expected to favourably influence the market over the forecast period. Air Ambulance Services Market - The global air ambulance services market size is expected to reach USD 11.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.0% from 2021 to 2028. The increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

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