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Commercial Helicopters Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Commercial Helicopters Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6071859
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the commercial helicopters market are Airbus Helicopter, Bell Helicopter, Leonardo, Lockheed Martin Corporation, Russian Helicopters, MD Helicopters Inc., Robinson Helicopter Company, Kaman Corporation, Boeing, and Korea Aerospace Industries Ltd.

The global commercial helicopters market is expected to grow from $24.74 billion in 2020 to $26.94 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.94 billion in 2025 at a CAGR of 4.3%.

The commercial helicopters market consists of sales of helicopters, helicopter parts and related services by entities that produce commercial helicopters for commercial purposes.The market includes MRO (Maintenance Repair and Overhaul) services provided by manufacturers during the helicopter’s warranty period.

Only goods and services traded between entities or sold to end consumers are included.

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 covered in this report is segmented by type into light-weight commercial helicopter, medium-weight commercial helicopter, heavy-weight commercial helicopter, by number of engines into single-engine, multi-engine, by application into oil and gas, transport, medical services, law enforcement and public safety, others.

In January 2020, Leonardo S.p.A., an Italian helicopter manufacturer acquired Kopter Group AG, a Swiss helicopter company for approximately $185 million. The acquisition will enable Kopter Group AG to finalize the development of the SH09, which is on its third prototype currently, and provide Leonardo S.p.A. with a new aircraft type that will add to its existing portfolio. Kopter Group AG is a Switzerland-based manufacturer of helicopters, which has designed SH09, a new-generation single-turbine helicopter.

Rising usage of helicopters in emergency medical services (EMS), search and rescue (SAR), and firefighting operations are expected to drive the growth of the commercial helicopter 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 MIT International Center for Air Transportation (ICAT), in 2018, 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 transports by ground. Thus, the ever-increasing helicopters in EMS is one of the key drivers for the growth of the commercial helicopters market.

Stringent regulatory norms for helicopter manufacturing and development are anticipated to limit the growth of the commercial helicopters market.Due to the stringent rules in the aerospace industry, the aerospace maintenance process is highly regulated.

The authorities including the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) are responsible for standards of safety, certification, and control in the aerospace industry.For instance, USA-based Boeing, Sikorsky, and Bell Helicopters must comply with the FAA’s Code of Federal Regulations (CFR) Title 14, Part 27 and Part 29, which closely mirror CS-27 and CS-29.

Hence, it is a challenge for component manufacturers to adhere to stringent regulatory norms and deliver quality outcomes.

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