Helicopter Market - By Component (Aerostructures/Airframe, Rotary System and Engines, Undercarriage, Avionics, Cabin Interiors, Environmental Control Systems), By Sales Channel, By Engine Type, By Rotor Type, By End-Use & Forecast, 2024 - 2032

Helicopter Market Size

Helicopter Market was valued at USD 30.95 billion in 2023 and is anticipated to grow at a CAGR of over 6% between 2024 & 2032. Global defense budgets are on the rise, serving as a pivotal force propelling the market forward.
 

According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached $2.24 trillion in 2023, marking a 3.7% increase from the previous year. Nations, spurred by escalating geopolitical tensions and the need to update their military capabilities, are pouring resources into cutting-edge helicopters. These helicopters, designed for tasks ranging from combat to reconnaissance and transportation, are increasingly in demand. The ongoing conflicts worldwide are further intensifying this demand, as nations strive to bolster their fleets with the latest technological advancements. Consequently, the helicopter industry is witnessing a surge, fueled by this sustained push for military modernization.
 

Technological advancements are a pivotal driver in the evolution of helicopter design and systems. Enhanced avionics, advanced rotorcraft materials, and more efficient engines not only boost performance but also elevate safety standards and operational efficiency. Such innovations heighten the appeal of helicopters for both military and civilian markets. With technology's relentless progression, the integration of cutting-edge features and capabilities fuels demand. Consequently, operators are incentivized to modernize their fleets, opting for helicopters that boast the latest technological advancements.
 

The rising significance of emergency medical services is a key driver in the helicopter market. Helicopters play a vital role in swiftly transporting patients, especially in time-sensitive emergencies. According to the World Health Organization (WHO), timely medical intervention can reduce mortality rates by up to 25% in critical cases. They facilitate access to remote areas, ensuring timely medical aid. With healthcare systems broadening and the urgency for swift responses escalating, the demand for emergency medical service helicopters is on the rise. This underscores the pivotal role helicopters play in enhancing patient outcomes and propelling market expansion.
 

High operational and maintenance costs pose a significant challenge in the helicopter sector. Helicopters demand substantial investments in fuel, parts, and ongoing maintenance to guarantee safety and dependability. These expenses can be especially burdensome for operators, especially in regions with tighter budgets or for newcomers to the sector. Furthermore, managing a helicopter fleet necessitates comprehensive training for both pilots and technicians, amplifying operational costs. Such steep ownership and maintenance expenses have the potential to stifle the expansion of helicopter services, especially in sectors sensitive to costs or in emerging regions.
 

Helicopter Market Trends

The market is undergoing a significant transformation, driven by the emergence of Urban Air Mobility (UAM) initiatives. UAM seeks to seamlessly incorporate air travel into city landscapes, tackling congestion and offering novel mobility options. According to a report by the National Aeronautics and Space Administration (NASA), the implementation of UAM could reduce urban traffic congestion by up to 30%. Cutting-edge solutions like electric vertical take-off and landing (eVTOL) aircraft are swiftly garnering attention, pledging quieter and more eco-friendly urban air travel. For instance, in 2023, Joby Aviation announced the successful test flight of its eVTOL aircraft, marking a significant milestone in urban air transport technology. Firms are pouring substantial investments into perfecting these technologies, with the goal of realizing urban air transportation. With cities increasingly seeking to ease ground traffic and bolster connectivity, the demand for helicopters and their urban-centric technologies is poised for substantial growth.
 

There's a notable trend in the helicopter market: a rising focus on environmental sustainability, particularly in curbing carbon emissions and noise pollution. Manufacturers are ramping up efforts, introducing eco-friendly technologies like hybrid-electric propulsion and enhancing aerodynamics for better fuel efficiency. For instance, in March 2024, Airbus unveiled the CityAirbus NextGen prototype, an all-electric eVTOL designed for urban environments, featuring an 80 km range and a 120 km/h cruise speed. This launch coincided with the opening of Airbus' new test center in Donauwörth, dedicated to advancing electric vertical takeoff and landing technology. Airbus is also strengthening its global network through a partnership with LCI to develop AAM business models, highlighting its commitment to sustainable aviation solutions.
 

Helicopter Market Analysis

Based on components, the market is divided into aerostructures/airframe, rotary system and engines, undercarriage, avionics, cabin interiors, environmental control systems, and others. The aerostructures/airframe segment is expected to reach a value of over USD 15.1 billion by 2032.
 

• Aerostructures, including the fuselage, wings, and other key components, are pivotal in ensuring both the structural integrity and aerodynamic efficiency of helicopters. The sector focuses on designing and producing these critical elements. The adoption of lightweight materials, notably composites and high-strength alloys, is bolstering the durability and performance of these airframes. enhanced evolving performance and safety benchmarks for helicopters, advancements in aerostructures play a vital role in enhancing payload capacity, extending range, and overall operational efficiency.
   
• The segment that covers the rotary system and engines plays a pivotal role in ensuring the smooth functioning of helicopters. It includes components like rotor blades, rotor hubs, and the propulsion systems that power the aircraft. Advancements in rotor design, especially the integration of advanced composite materials and optimized blade aerodynamics, are enhancing lift capabilities and operational efficiency. Furthermore, contemporary engine designs prioritize fuel efficiency, lower emissions, and heightened reliability. Given the importance of these systems, there's a significant push towards developing high-performance rotary systems and engines. This drive not only aims to boost helicopter performance and extend their operational range but also aligns with increasingly stringent environmental regulations.

Based on end-use, the market is divided into commercial and military. The commercial segment is the fastest growing segment with a CAGR of over 6% between 2024 and 2032.
 

• In the medical & healthcare sector, helicopters are increasingly used for rehabilitation, surgery, and assistive devices. Advances in soft materials and precision control are making these robots more effective in delicate medical procedures. Wearable helicopters, such as exoskeletons and therapeutic gloves, are enhancing patient mobility & recovery outcomes. The trend toward integrating AI and real-time data monitoring is further improving the functionality & adoption of helicopter in healthcare.
   
• The commercial helicopter market encompasses diverse applications, including passenger transport, emergency medical services (EMS), cargo transport, and tourism. This sector's momentum is fueled by the rising need for urban air mobility, swift medical evacuations, and effective transportation to remote areas. Ongoing innovations in helicopter design and technology aim to elevate passenger comfort, boost operational efficiency, and align with industry demands. For instance, in March 2024, Bell’s 525 Relentless super-medium helicopter received its first commercial order from Equinor for 10 aircraft, marking a significant milestone. The helicopter, designed for offshore operations, features advanced technology and safety improvements, including a revolutionary gearbox and fly-by-wire control system.
   

North America dominated the global helicopter market in 2023, accounting for a share of over 35%. North America's market thrives on robust defense budgets, a pronounced focus on Advanced Air Mobility (AAM), and a mature commercial segment. The U.S. military's quest for adaptable rotorcraft, pivotal for missions spanning combat to transportation, is a key growth driver. Furthermore, advancements in urban air mobility and emergency medical services (EMS) are stoking commercial interest. Notably, the market benefits from the presence of industry giants such as Bell and Sikorsky. Regulatory strides and infrastructural enhancements are pivotal in molding the market's trajectory. This marks a $3 billion uptick from the initial budget request and a substantial $9.8 billion surge from the 2023 enacted level. The notable increase in funding underscores the nation's dedication to bolstering its helicopter capabilities through advanced procurement and modernization endeavors.
 

India's helicopter market is on the rise, buoyed by a surge in defense expenditures and a rising need for emergency medical services (EMS) and offshore activities. The Indian government's substantial investments are aimed at revamping its military helicopter fleet, emphasizing the procurement of cutting-edge models for surveillance, transportation, and search and rescue operations.
 

For instance, the Ministry of Defence announced in November 2023, plan to acquire a new aircraft carrier worth $4.8 billion, capable of holding 28 fighter jets and helicopters, to enhance its naval presence and counter China's influence in the Indian Ocean. Moreover, as urbanization and infrastructure projects gain momentum, sectors like tourism and commercial transport are increasingly turning to helicopters. According to the Directorate General of Civil Aviation, the number of non-scheduled operators permits (NSOPs) issued for helicopter services increased by 15% in 2023. Notably, there's a significant trend towards indigenization, with concerted endeavors to foster domestic helicopter development and production, often through public-private collaborations. An example is the collaboration between Hindustan Aeronautics Limited (HAL) and private firms to develop the Indian Multi-Role Helicopter (IMRH).
 

China's helicopter market is rapidly expanding, driven by significant defense investments, infrastructure developments, and growing commercial demands. The Chinese military is bolstering its helicopter fleet, focusing on improving capabilities in combat, reconnaissance, and disaster relief.
 

South Korea is witnessing a surge in demand for commercial helicopters, especially in emergency medical services (EMS) and offshore activities, driven by its robust infrastructure and urbanization trends. In Jully 2024, At the Farnborough Airshow, Bell Textron Inc. announced EnB AIR Co., Ltd.'s purchase of a Bell 505 helicopter, marking its first sale to a South Korean commercial entity. The Bell 505, already a military trainer in South Korea, will support EnB AIR's services in aerial patrol and firefighting. The helicopter features advanced technology and has over 100,000 global flight hours.
 

Japan's helicopter industry places a premium on cutting-edge technology and stringent safety measures. The nation prioritizes the modernization of its military helicopters, tailoring them for diverse roles like disaster response, search and rescue, and surveillance.
 

Helicopter Market Share

Major players in the helicopter industry, such as Airbus, Boeing, and Bell, are adopting a multifaceted approach to bolster and extend their market dominance. These industry giants are channeling their efforts into cutting-edge innovations, notably in electric vertical takeoff and landing (eVTOL) technologies, aligning with the rising urban mobility demands and environmental sustainability targets. Moreover, they're broadening their global footprint through strategic alliances and acquisitions, amplifying their operational prowess and market penetration. Furthermore, a key focus for these players is tailoring solutions to cater to diverse sectors, spanning defense, emergency medical services (EMS), and commercial applications. By capitalizing on their robust R&D capabilities and forging partnerships with global stakeholders, they're not only aiming for growth but also ensuring they stay agile in meeting the evolving demands of their clientele.
 

Helicopter Market Companies

Major players operating in the helicopter industry are:

• Babcock International Group PLC
• Airbus Helicopters SAS
• Bell Helicopter
• Robinson Helicopter Company
• Kawasaki Heavy Industries

Helicopter Industry News

• In June 2024, Airbus Helicopters launched the H145 model into India’s domestic energy sector, partnering with Heligo to provide enhanced aerial support for energy operations. The H145’s advanced features are tailored to meet the specific needs of the energy industry, reflecting Airbus’s strategic focus on expanding its market presence in India and addressing the growing demand for specialized helicopter services in the region.
   
• In May 2024, Babcock and Airbus Helicopters secured a 12-year contract from the French Ministry of Armed Forces to support and maintain a fleet of 48 Airbus EC145 helicopters used by Sécurité Civile and Gendarmerie Nationale. The contract includes aircraft support, maintenance, and spare parts management, creating about 20 jobs. It also involves assisting with the transition to Airbus H145 helicopters.
   
• In June 2023, The Helicopter Company (THC), a Saudi Arabian firm, fully acquired Rotortrade, a global helicopter dealership. This acquisition enhances THC’s infrastructure development in Saudi Arabia and strengthens Rotortrade’s market position with its extensive global presence. THC and Rotortrade aim to leverage their combined strengths to drive growth and innovation in the helicopter industry, supporting Saudi Arabia’s Vision 2030.
   

The helicopter market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD million & Units) from 2021 to 2032, for the following segments:

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Market, By Component

• Aerostructures/Airframe
• Rotary System and Engines
• Undercarriage
• Avionics
• Cabin Interiors
• Environmental Control Systems
• Others

Market, By Sales Channel

• OEM
• Maintenance, Repair and Overhaul (MRO)

Market, By Engine Type

• Single-Engine Helicopters
• Twin-Engine Helicopters
• Multi-Engine Helicopters

Market, By Rotor Type

• Single-Rotor Helicopters
• Twin-Rotor Helicopters
• Tiltrotor Helicopters

Market, By End-Use

• Commercial
  • Transport
  • Medical Services/Search & Rescue
  • Offshore Sector
  • Others
• Military
  • Reconnaissance
  • Maritime Surveillance
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA