(MENAFN- America News Hour)Kenneth Research has recently added a report titled Helicopters market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2024. Helicopters market is further anticipated to grow with a CAGR of 4.5% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Helicopters market is estimated to reach $37.87 Billion by 2025; growing at a CAGR of 4.5% from 2017 to 2025. A helicopter is a type of aircraft/rotorcraft which derives both lift and propulsion from one to more sets of horizontally revolving overhead rotors. Helicopters became a boon to the aircraft industry as they can move straight up or down, can take off or land without a runway, can fly backwards or sideways, and can also hover in one spot in the air without moving. They find widespread applications in many end-use industries such as defense, oil & gas, law enforcement, medical devices, disaster recovery management, corporate services, and many others.
Growing shift towards civil helicopters, increasing demand towards technologically advanced combat helicopters, and increasing up-gradation of existing fleet are the primary factors driving the growth of the global helicopters market. However, high cost associated with new technology may limit the market from growing. Moreover, growing demand for fuel-efficient turboshaft engines and increasing compliance for helicopters in the emerging economies is expected to equally influence the growth of the market in the coming years.
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The global helicopters market is classified on the basis of aftermarket components & systems, type, point of sale, components & systems, application, and geography. The aftermarket components & systems segment are further classified into ADS-B, rotor blades, HGPWS, ACAS-II, tires, skids & bear paws, windows & windshields, noise reduction systems, emergency floatation systems (floats, life rafts, and life vests), door & seats, insulation system, inflight entertainment system, actuators, LED lights, and filters (turbine, others). The type segment includes military helicopters, and civil & commercial helicopters. By point of sale the segmentation comprises OEM, and aftermarket. On the basis of components & systems, the categorization is given as airframe, and engine. Furthermore, application segment covers military (attack & reconnaissance, maritime, transport, search & rescue, training, and others), and civil & commercial (civil utility, transport, emergency rescue & medical support, and others).
On the basis of geography, global helicopters market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market include Airbus Helicopters Inc., Korea Aerospace Industries, Ltd., Russian Helicopters, JSC, Hindustan Aeronautics Limited, Bell Helicopters, Textron Inc, Columbia Helicopters, Lockheed Martin Corporation, Robinson Helicopter Company, Boeing, and Leonardo S.p.A. among others
The key takeaways from the report:
The report will provide detailed analysis of Global Helicopters Market with respect to major segments such as components & systems, type, point of sale, application, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Helicopters Market has been included in the report
Profile of the key players in the Global Helicopters Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of the Global Helicopters Market:
Aftermarket Components & Systems Segments
ADS-B
Rotor Blades
HGPWS
ACAS-II
Tires
Skids & Bear Paws
Windows & Windshields
Noise Reduction Systems
Emergency Floatation Systems (Floats, Life Rafts, and Life Vests)
Door & Seats
Insulation System
Inflight Entertainment System
Actuators
LED Lights
Filters (Turbine, Others)
Type Segments
Military Helicopters
Heavy Helicopters (Above 8.5 Tons)
Medium Helicopters (4.5 Tons – 8.5 Tons)
Light Helicopters (Below 4.5 Tons)
Civil & Commercial Helicopters
Heavy Helicopters (Above 9.0 Tons)
Medium Helicopters (3.1 Tons – 9.0 Tons)
Light Helicopters (Below 3.1 Tons)
Point of Sale Segments
Original Equipment Manufacturer (OEM)
Aftermarket
Components & Systems Segments
Airframe
Main Rotor System
Anti-Torque System
Electrical System
Stability Augmentation System
Flight Control System
Transmission System
Avionics
Undercarriage
Environment Control System
Emergency System
Hydraulic System
Aerostructure
Cabin Interiors
Special Purpose Systems
Engine
Application Segments
Military
Attack & Reconnaissance
Maritime
Search & Rescue
Transport
Training
Others
Civil & Commercial
Transport
Emergency Rescue & Medical Support
Civil Utility
Others
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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