Commercial Helicopters Global Market Navigating Trends, Market Size, and Future Outlook 2024-2033 | Airbus SE, Leonardo SpA, Russian Helicopters, Textron, Mahindra

Spread the love

The Commercial Helicopters by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Commercial Helicopters Market:
https://www.thebusinessresearchcompany.com/report/commercial-helicopters-global-market-report

According to The Business Research Company’s Commercial Helicopters, the commercial helicopters market size has grown exponentially in recent years. It will grow from $31.98 billion in 2023 to $39.89 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. The growth in the historic period can be attributed to increased use of helicopters in search and rescue (sar), growing demand for air ambulance services, government support and rising number of tourist destinations.

The commercial helicopters market size is expected to see steady growth in the next few years. It will grow to $47.69 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising demand for air taxi, rise in air transportation, increasing commercial aircraft orders, growth in offshore oil and gas industry and growing urbanization. Major trends in the forecast period include development of drone taxis, development of uav commercial helicopters, use of artificial intelligence technology, product innovations, use of internet of things (iot), development of hybrid-electric demonstrator for commercial missions, strategic partnerships and collaborations and development of flying laboratories to test next generation of innovations.

Rising usage of helicopters in emergency medical services (EMS), search and rescue (SAR), and firefighting operations is expected to drive the growth of the commercial helicopters market. Air EMS creates a significant part of the medical transport system that assists in shuttling patients, equipment, supplies, and medical personnel throughout the medical network for time-critical emergency transport as well as long-distance scheduled transfers. According to the MIT International Center for Air Transportation (ICAT), air ambulances transport approximately 400,000 patients by rotary-wing and 150,000 by fixed-wing aircraft each year in the USA, compared to 36 million transported by ground. Thus, the ever-increasing number of helicopters in EMS is one of the key drivers for the growth of the commercial helicopters market.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=3696&type=smp

The commercial helicopters market covered in this report is segmented –
1) By Type: Light-Weight Commercial Helicopter, Medium-Weight Commercial Helicopter, Heavy-Weight Commercial Helicopter
2) By Number Of Engines: Single-Engine, Multi-Engine
3) By Application: Oil And Gas, Transport, Medical Services, Law Enforcement And Public Safety, Other Applications

Major companies operating in the industry are focusing on introducing technological innovations to maintain their position in the competitive business environment, which is gaining significant popularity in the commercial helicopters market. For instance, Bell, part of Textron, is developing a new technology called electrically distributed anti-torque (EDAT) to decrease the sound problem. The new system ensures enhancements to safety and operating cost, as well as a decrease in sound compared to an aircraft with a conventional tail rotor. The 429, built with EDAT technology, features four fans, electrically driven, in the back of the helicopter instead of the conventional rotor setup. It provides key benefits to the traditional tail rotor.

The commercial helicopters market report table of contents includes:
1. Executive Summary