The global civil helicopter market is predicted to have a substantial growth at a notable CAGR over the predicted years (2018-2023). The helicopter market is broadly classified into defense helicopter and civil helicopters. The latter is widely used by government bodies chiefly for emergency response services and law-enforcement bodies. Along with government bodies, it is also used in commercial segments, namely corporate offices, VIP transportation providers, and oil and gas companies. Civil helicopters can be used in emergencies as they provide enormous maneuverability, particularly in small spaces as well as reach to affected areas avoiding the traffic on the road and any natural calamity, namely flood, and earthquake. Above all these helicopters are equipped with air conditioning, improved soundproofing capabilities, and passenger seats. Civil helicopters serve a vast range of functions and used in almost every industry imaginable. These include dusting crops with various pesticides, replanting forests with seed dispersal, giving aerial tours, carrying heavy loads, transporting business people, patrolling oil and gas pipelines, facilitating traffic and news coverage, conducting rescue missions and search, fighting wildfires, offering emergency medical services and more.
Various factors are driving the growth of the civil helicopter market. These factors in accordance to the Market Research Future (MRFR) report include growing per capita income, technological advancements, lower maintenance cost compared to other aircraft engines, and effectiveness to reach high altitude, remote and also natural disasters affected areas. On the contrary, stringent regulatory norms associated with manufacturing and development of helicopters and high cost related to new technology are factors that may impede the growth of the civil helicopter market over the predicted years.
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The civil helicopter market is highly competitive and fragmented with the presence of major companies with a global presence and also companies having regional existence. Well-established companies have incorporated technology, expansion, collaboration, partnership, and acquisition to have a competitive edge in the market and also to uphold their position in the market with regards to other competitors. Strategic partnerships amid leading companies is predicted to take place over the predicted years. These companies are making sound investments in research and development to create a technology which is new in the market compared to their competitors.
Leading players profiled in the Civil Helicopter Market include Robinson Helicopter Company, Russian Helicopters JSC, Sikorsky Aircraft Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Ltd., Korea Aerospace Industries Ltd., MD Helicopters Inc., Leonardo Helicopters, Airbus Helicopters, AVIC Helicopter Company, Bell Helicopter Textron Inc., and others.
May 2019– The Uttarakhand Civil Aviation Authority lately announced the addition of two more helicopter services that will take pilgrims from Sersi in Uttarakhand to Kedarnath Temple. The booking has already begun, and the cost per person for a one-way ride will be INR 2349.
MRFR report offers a wide segmental analysis of the civil helicopter market on the basis of engine type, takeoff weight, and application.
Based on engine type, the civil helicopter market is segmented into twin engine and a single engine.
Based on takeoff weight, the civil helicopter market is segmented into 5700kg to 9000kg and 3175kg to 5700kg.
Based on application, the civil helicopter market is segmented into transportation, parapublic mission, and others.
By region, the civil helicopter market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe, and North America. Of these, North America will have a mammoth share in the market over the predicted years. This is owing to the growing application of civil helicopters for offshore transportation and emergency medical services. The use of AMS (air medical services) in the region has turned into a crucial component of the healthcare industry. There is also an increase in long-haul air travels, especially for medical needs where these helicopters are used for transporting patients from trauma and accident scenes to the healthcare facility. Civil helicopters help in saving lives and also cut down the healthcare expenditure. It can be operated day and night irrespective of the challenging weather or geographic conditions. Besides, helicopter tourism is picking up in most countries, namely India, New Zealand, China, Australia, South Africa, and Brazil, where initiatives are undertaken by the government to promote safe travel.
List of Tables
Table 1 Global Civil Helicopter Market: by Region, 2018-2023
Table 2 North America Civil Helicopter Market: by Country, 2018-2023
Table 3 Europe Civil Helicopter Market: by Country, 2018-2023
Table 4 Asia Pacific Civil Helicopter Market: by Country, 2018-2023
Table 5 Row Civil Helicopter Market: by Country, 2018-2023
Table 6 Civil Helicopter Market, by Engine Type, 2018-2023
Table 7 North America Civil Helicopter Market, by Engine Type, 2018-2023
Table 8 Europe Civil Helicopter Market, by Engine Type, 2018-2023
Table 9 Asia Pacific Civil Helicopter Market by Engine Type, 2018-2023
Table 10 Row Civil Helicopter Market by Engine Type, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Civil Helicopter Market Share, by Engine Type, 2018 (%)
Figure 9 Civil Helicopter Market, by Engine Type, 2018-2023 (Usd Million)
Figure 10 Civil Helicopter Market Share, by Take-off Weight, 2018 (%)
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