The global helicopters market is experiencing high technological advancements in the manufacturing of new and advanced helicopters. The Heli-Expo 2017, held in Texas, reveled the various technological advancements adopted in the helicopter industry. The major advancements observed in the helicopters are single engine operation; Usage of untraditional tail rotor without horizontal stabilizers; utilization of civil tilt rotor. Offshore helicopter service has propelled the market’s growth using commercial helicopters for medical and emergency rescue services. The tourism industry’s increased leasing and purchase contracts are boosting the commercial helicopter market’s growth. However, the market’s growth is hampered by stringent regulations and high costs associated with these helicopters. However, the limited adoption of advanced helicopters across developing countries is expected to impact the growth of the helicopters market over the years. Helicopters are suitable for lifting operations in rigid environments, such as helicopter logging, ski-lift installations, power line building, and logistical support for remote construction sites, and have multi-mission capabilities. Another significant driving factor for the growth of the helicopter market during the forecast period is the growing use of helicopters in the field of firefighting.
Airbus S.A.S., Leonardo S.p.A., Bell Textron Inc., Russian Helicopters, Lockheed Martin Corporation– Prominent Market Participants in Global Helicopters Market
The global helicopters market is segmented into type, weight, application, and geography. In terms of type, the helicopters market is bifurcated into single rotor, multi-rotor and tilt-rotor. Based on weight, the helicopters market is categorized into light weight, medium weight, heavy weight. Based on application, the helicopters market is categorized into commercial & civil and military. Additionally, based on region, the helicopters market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Key players operating the global helicopters market include Airbus S.A.S., Leonardo S.p.A., Bell Textron Inc., Russian Helicopters, Lockheed Martin Corporation, Boeing, Enstrom Helicopter Corp., Kaman Corporation, MD Helicopters, Inc., and Robinson Helicopter Company among many others. The players in the market are focused on continuous product development and innovation, thereby contributing to the growth of the global helicopters market: Some developments to be mentioned include:
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Year |
News |
Country |
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2021 |
Airbus and Draken form a UK-based alliance to provide vital Search and Rescue services around the world, as well as a commitment to technical growth and creativity, as well as financial stability |
Europe |
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2020 |
Boeing, Honeywell Aerospace and Rolls-Royce Deutschland Ltd. have reached an agreement to provide in-service support of the T-55 engine should the government of Germany select the H-47 Chinook for its Schwerer Transporthubschrauber (STH) heavy-lift helicopter requirement |
Europe |
