The Helicopter Engines Global Market Report 2024 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).
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According to The Business Research Company’s Helicopter Engines Global Market Report 2024, The helicopter engines market size has grown steadily in recent years. It will grow from $22.48 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to commercial aviation growth, increased search and rescue operations, increased use in law enforcement, border patrol and homeland security needs, increased offshore operations.
The helicopter engines market size is expected to see steady growth in the next few years. It will grow to $26.89 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to urban air mobility (uam) initiatives, renewal of aging helicopter fleets, growing demand for unmanned helicopters, focus on fuel efficiency and environmental sustainability. Major trends in the forecast period include advanced engine technologies, integration of digital technologies, hybrid and electric propulsion, retrofitting and engine upgrades, global expansion in civil aviation.
The increasing usage of helicopters is expected to drive the growth of the helicopter engines market going forward. Helicopters are a type of aircraft that is used to fly to and from private residences with a limited number of passengers. Helicopters can be used for many applications, such as emergency medical services, corporate services, search and rescue operations, and many others. For instance, in January 2023, according to a report shared by Airbus, a France-based aerospace company, with a record-breaking 216 light single-engine helicopters supplied in 2022, Airbus Helicopters reported 374 gross orders (net: 362), demonstrating the continuous market recovery. Therefore, the increasing usage of helicopters will contribute to the growth of the helicopter engines market.
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The helicopter engines market covered in this report 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
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, to produce 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. 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 report table of contents includes:
1. Executive Summary
2. Helicopter Engines Market Characteristics
3. Helicopter Engines Market Trends And Strategies
4. Helicopter Engines Market – Macro Economic Scenario
5. Global Helicopter Engines Market Size and Growth
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26. South America Helicopter Engines Market
27. Brazil Helicopter Engines Market
28. Middle East Helicopter Engines Market
29. Africa Helicopter Engines Market
30. Helicopter Engines Market Competitive Landscape And Company Profiles
Top Major Players:
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