Commercial Helicopter Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global commercial helicopter market size was worth USD 5.30 billion in 2018. The market is estimated to grow at a CAGR of 3.8% over the forecast duration. The rise in helicopter usage in different operations such as Emergency Medical Services (EMS), firefighting operations and Search and Rescue (SAR) propelling the market growth. Additionally, rotorcrafts are projected to witness a rapid demand from oil and gas sectors for different offshore applications.

The new helicopter demand has been influenced by several factors including cabin size, brand experience, performance technology, and range. Factors such as increasing cost of maintenance, performance erosion, safety concerns, and others are leading to a rise in the number of replacements of old helicopters, thus, increasing the growth for the market. In addition, challenges in road and rail travel and the intricacy involved in reaching remote locations have proliferated rotorcraft transportation.

In the recent past, helicopters are being increasingly used in offshore oil & gas production, VIP transport, law enforcement, and emergency services. Manufacturers are focusing on noise reduction and speed improvement to enhance the efficiency of helicopters. Factors such as reduced accidents, better travel experience are some of the other factors supplementing the market growth.

The rise in the number of companies offering helicopters on lease and the increasing number of the fleet are bolstering the commercial helicopters market growth. Most of these leasing companies rely on offshore oil & gas industries.

Type Insights

Different type of rotorcraft is light, heavy, very large and medium. Of them, in 2018, the light segment alone held 30% of the market share. Light commercial helicopters are mostly used in aerial photography and event logistics. The growing leisure tourism industry is anticipated to affect the market positively over the forecast duration.

In 2018, the medium segment accounted for considerable market share and is likely to emerge as the largest segment by 2025. Low cost, less maintenance, and mission versatility are projected to increase the adoption of medium-range helicopters. These helicopters are often deployed in mission-critical operations during emergency services.

Application Insights

By applications, the market is categorized into transport, law enforcement & public safety, medical services, oil & gas, and others. Among different applications, the law enforcement & public safety segment is anticipated to hold maximum revenue over the projected duration. In 2018, this segment accounted for 1.73 billion and is projected to grow substantially over the next few years.

There has been considerable growth in the oil & gas industry in the recent past owing to growing exploration for hydrocarbon deposits. The growth in the oil & gas industry is estimated to positively affect the market growth. These industries require dedicated rotorcraft for the transportation of equipment and personal.

Regional Insights

In 2018, Europe held the largest market share, and the region is projected to continue its dominance. The introduction of the Clean Sky scheme aimed at developing eco-friendly rotorcrafts resulted in a partnership between European aeronautics and the European Commission. On the other hand, in 2018, North America held 25% of the market share and is projected to grow considerably over the next few years. The growing replacement of old-age rotorcraft, especially in the U.S is estimated to remain a favorable factor in market growth.

Asia Pacific is projected to exhibit the highest CAGR over the forecast duration. Several factors such as relaxing airspace norms, growing use of helicopters in tourism, and increasing investment in aviation infrastructure are bolstering the market growth. In addition, Middle East & Africa is likely to hold a substantial market share because of the presence of oil & gas industries in the region.

COVID-19 Impact Insights

The commercial helicopter market has been negatively affected due to the COVID-19 outbreak. The supply-chain disruption caused by the pandemic has resulted in difficulty in procuring raw materials. In addition, several companies were forced to shut down their manufacturing units. These factors have resulted in the low production of commercial helicopters. In addition, the closure of various business operations led to low demand for such helicopters. With the relaxation in lockdown measures, manufacturing units have resumed their operations. However, the ongoing financial crisis would delay the market growth to an extent as it would take two to three years to get back to pre-COVID-19 levels.

Commercial Helicopters Market Share Insights

Key industry players such as Leonardo S.P.A, Bell Helicopter-Textron, Airbus S.A.S, and Lockheed Martin Corporation are increasingly investing in research & development to manufacture advanced rotorcraft. Manufacturers integrate advanced features including Full-Authority Digital Engine Control (FADEC) and satellite navigation technology.

Rising deregulation and infrastructural development in developing countries offer a lucrative opportunity for industry growth. Growing development in the Asia Pacific is attracting manufactures to invest heavily.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global commercial helicopter market report on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Light
    • Medium
    • Heavy
    • Very Large

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Oil & Gas
    • Transport
    • Medical Services
    • Law Enforcement & Public Safety
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)