Helicopter Market is estimated to grow at a CAGR of 10.9% from 2021 to 2028
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Learn about the impact of technological advancements, government regulations, and changing customer preferences on the helicopter market
VANCOUVER, B.C, CANADA, May 8, 2023 /EINPresswire.com/ -- According to the most recent analysis by Emergen Research, the worldwide helicopter market size reached USD 20.17 billion in 2020 and is anticipated to experience a revenue CAGR of 10.9% over the projected period. Increasing government spending on defence and rising demand for helicopters for emergency medical services (EMS) are the two drivers anticipated to fuel market revenue development over the forecast period.
Additionally, rising geopolitical unpredictability across areas is anticipated to support market revenue growth going forward. A growing number of cutting-edge technologies, like loT, sensors, and automated control systems, are being integrated with helicopters, which is expected to result in a significant increase in the worldwide helicopter market over the course of the forecast period.
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How will this Report Benefit you?
The 250-page report by Emergen Research contains 194 tables and 189 charts and graphs. Anyone in need of a commercial, in-depth assessment of the global Helicopter market and comprehensive market segment analysis can benefit from our new research. With the latest research, you can estimate the entire Helicopter regional and global markets. To grow your market share, get financial analysis of the entire market and its various segments. We believe there is great potential for fast-growing energy storage technology in this industry. Find out how to leverage current and potential revenue streams in this area. Research also helps you make better strategic decisions, allowing you to formulate growth strategies, enhance competitive analysis, and improve business productivity.
Some Key Highlights From the Report
Due to increased defence spending by various nations to improve their border security and purchase cutting-edge weaponry and technologies, the military segment is anticipated to develop significantly in terms of revenue contribution to the market over the forecast period.
In terms of revenue, the aftermarket category is anticipated to expand quickly during the projection period. The requirement for replacement helicopter parts is increasing, which is fueling the segment's expansion.
Due to the substantial presence of key corporations in the region, including Bell Textron Inc., Bristow Group Inc., and Carson Helicopters Inc., among others, North America is anticipated to account for the greatest revenue share in the helicopter market over the forecast period.
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Competitive Outlook:
The global Helicopter market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Helicopter market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies in the global market report include Airbus Helicopters SAS, Leonardo S.p.A, Bell Textron Inc., The Boeing Company, JSC Russian Helicopters, Lockheed Martin Corporation, Schweizer Aircraft, Bristow Group Inc., Carson Helicopters Inc, and Robinson Helicopter Company.
Emergen Research has segmented helicopter market on the basis of type, components and system, engine, application, weight, point of sale, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Military
SAR
Attack Helicopter
Anti-Submarine Warfare
Transport Helicopter
Civil and Commercial
Component and System Outlook (Revenue, USD Billion; 2018–2028)
Avionics
Engines
Airframe
Cabin Interiors
Emergency System
Landing Gear System
Aerostructures
Main Rotor System
Engine Outlook (Revenue, USD Billion; 2018–2028)
Single Engine
Twin Engine
Application Outlook (Revenue, USD Billion; 2018–2028)
Oil and Gas
Defense
Search and Rescue Helicopters
Civil Utility Helicopters
Transport Helicopters
Emergency Medical Service (EMS)
Weight Outlook (Revenue, USD Billion; 2018–2028)
Light
Medium
Heavy
Point of Sale Outlook (Revenue, USD Billion; 2018–2028)
Aftermarket
OEM
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
What Questions Should You Ask before Buying a Market Research Report?
How is the Helicopter market evolving?
What is driving and restraining the Helicopter market?
How will each Helicopter submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
How will the market shares for each Helicopter submarket develop from 2021 to 2028?
What will be the main driver for the overall market from 2021 to 2028?
Will leading Helicopter markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
What are the Helicopter projects for these leading companies?
How will the industry evolve during the period between 2020 and 2028 ? What are the implications of Helicopter projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Helicopter market?
Where is the Helicopter market heading and how can you ensure you are at the forefront of the market?
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