The Helicopter Engines Global Market Report 2023, provides comprehensive information on the helicopter engines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global helicopter engines market is expected to grow from $21.52 billion in 2022 to $22.48 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The helicopter engines market is expected to reach $25.75 billion in 2027 at a CAGR of 3.4%.
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Strategic collaborations have emerged as a key trend gaining popularity in the helicopter engines market. Companies operating in the helicopter engines market are entering into strategic partnerships and collaborations to enhance their capabilities and competitiveness. For instance, in January 2023, Leonardo S.p.A., an Italy-based aerospace company, partnered with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, for the production of the next-generation AW09 single-engine helicopter. The combined Leonardo and Safran Helicopter Engines support network will offer cutting-edge, straightforward, and cost-effective maintenance solutions, supported by customized PBH (Power-By-The-Hour) and SBH (Support-By-the-Hour) contracts and a wide range of digital services. Furthermore, in July 2022, Hindustan Aeronautics Limited (HAL), an India-based public sector aerospace and defense company, collaborated with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, to jointly develop the engine for the 13-ton IMRH (Indian Multi-Role Helicopter) and its DBMRH (Deck Based Multi-Role Helicopter) navy versions. In order to further increase the amount of domestic content in the Shakti engine of the Dhruv and Light Combat Helicopter (LCH) programs, both parties additionally agreed to a requirement for transferring to HAL the manufacturing rights for seven essential forging and casting raw parts.
The helicopter engines market is segmented:
1) By Type: Piston Engine, Gas Turbine Engine, Stamping Engine
2) By Weight: Light, Medium, Heavy
3) By Point Of Sale: New, Pre-Owned
4) By Application: Emergency Medical Services, Corporate Services, Search And Rescue Operations, Oil And Gas, Defense, Homeland Security, Other Applications
North America was the largest region in the helicopter engines market in 2022.
The table of contents in TBRC’s helicopter engines market report includes:
- Executive Summary
- Helicopter Engines Market Characteristics
- Helicopter Engines Market Trends And Strategies
- Helicopter Engines Market – Macro Economic Scenario
- Helicopter Engines Market Segmentation
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- Global Helicopter Engines Market Competitive Benchmarking
- Global Helicopter Engines Market Competitive Dashboard
- Key Mergers And Acquisitions In The Helicopter Engines Market
- Helicopter Engines Market Future Outlook and Potential Analysis
- Appendix
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