The helicopter market is predicted to develop at a compound annual growth rate (CAGR) of 6.3% during the forecast period, with a valuation of USD 33.76 billion in 2022. Helicopters are a particular kind of aircraft that take off, hover, and land vertically using revolving blades. It goes by the names whirlybird, rotorcraft, and chopper as well. Helicopters can take off and land from practically any surface and can hover in one place, unlike fixed-wing aircraft. They are frequently utilized for a variety of tasks, such as search and rescue missions, military operations, aerial photography, medical evacuation, and people and goods transportation. From tiny personal helicopters to massive military transport helicopters, helicopters are available in a variety of shapes and sizes.
The rising demand for helicopter tourism is a significant additional driver propelling the expansion of the helicopter market. Travelers can enjoy the opportunity to take in the breathtaking views of well-known tourist locations from the air by participating in helicopter tourism. In the tourism sector, this has increased demand for helicopters.
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The growing need in the military and defence industry is one of the main drivers of the helicopter market. In numerous military tasks, including troop transportation, search and rescue, and medical evacuation, helicopters are heavily utilized. Furthermore, rising defence spending has resulted from the world’s rising geopolitical tensions, which is predicted to fuel demand for military helicopters.
Numerous reasons, including the expanding popularity of helicopter tourism, the growing need for emergency medical services, and the growing need for helicopters in the military and defence industry, all have an impact on the helicopter market. The design and manufacturing of helicopters have benefited from technological developments, which have also expanded the market.
Market Segmental Analysis
By application
Emergency medical service
Oil and gas
Défense
Homeland security
Others
By type
Civil
Commercial
Military
By weight
Lightweight
Medium weight
Heavy weight
By number of engines
Twin engine
Single engine
Market Competitive Outlook
Airbus, bell Textron Inc, Helicopters Guimbal, Kaman Corporation, Kawasaki Heavy Industries Ltd, Leonardo SpA, MD Helicopters Inc, Mitsubishi Heavy Industries Ltd, Robinson Helicopter Company The Boeing Company, and others.
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Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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