In a recently published report by Research Nester, titled “Civil Helicopter Market: Global Demand Analysis & Opportunity Outlook, 2018-2027” delivers detailed overview of the global civil helicopter market in terms of market segmentation by engine type, by takeoff weight, by applications, and by regions.
Furthermore, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global civil helicopter market is segmented by engine type into single and twin engines; by takeoff weight into 3175 kg to 5700 kg and 5700 kg to 9000 kg; by applications into airborne law enforcement, fire, forestry & wildlife conservation, HEMS, SAR, & others and by regions. The global market is anticipated to record a CAGR of around 5% over the forecast period i.e. 2019-2027.
The increasing demand for offshore transportation and demand for civil helicopters in Emergency Medical Services (EMS) are some of the major factors driving the market growth. The increasing demand from developing nations and increasing usage in firefighting and emergency medical services are also driving the civil helicopter market growth.
On the basis of region, the North America civil helicopter market is anticipated to witness fast growth over the forecast period. This growth is on the account of increasing compliance for helicopters in the emerging economies. Similarly, the Asia Pacific market is estimated to witness a moderate growth. Countries such as China, Brazil, and India have a huge market potential, as the government is spending a huge capital for developing their civil helicopter fleet. The economy of developing nations has witnessed significant growth over the past few years. This is expected to result in increased procurement of civil helicopters especially in the developing nations such as China and India.
Effectiveness in Reaching Remote, High Altitude, and Natural Disasters Affected Areas
Civil helicopter market has witnessed a considerable growth, attributed to its effectiveness in reaching remote, high altitude, and natural disasters affected areas. There has been a major focus on allowing civil helicopters to operate in remote areas and in areas where airports are under development or are completely non-existent. In such areas, helicopters are very useful as they have vertical take-off and landing capabilities. There is a large market for helicopters, which are being revived for public use by the government, such as transport, medical aid, and law enforcement.
However, the civil helicopter industry has witnessed recent crashes of prototype helicopter models over a few under development programs. These programs include the Bell 525 and the H225 Super Puma fleet programs. This is one of the major factors restraining the growth of the civil helicopter market.
This report also provides the existing competitive scenario of some of the key players of the global civil helicopter market which includes company profiling of Bell Helicopter Textron Inc, AVIC Helicopter Company, Airbus S.A.S, Leonardo S.p.A, Airbus S.A.S, MD Helicopters Inc., Korea Aerospace Industries Ltd., Hindustan Aeronautics Ltd., Enstrom Helicopter Corporation, Lockheed Martin Corporation, Russian Helicopters JSC, Robinson Helicopter Company and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global civil helicopter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.