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Asia Pacific Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Weight, and Application

Asia Pacific Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Weight, and Application

  • July 2021
  • 150 pages
  • ID: 6134584
  • Format: PDF
  • The Insight Partners

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The APAC helicopters market is expected to grow from US$ 8,888.12 million in 2021 to US$ 15,107.16 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The rising development of unmanned helicopters and use of advanced materials and technology will drive the market in coming years. Unmanned helicopters are intended to support both civilian and security missions. They are also capable of delivering cargo to hard-to-reach areas without airfields. One of the major company across APAC region provides autonomous/unmanned helicopters for various applications including airborne laser scanning (lidar), aerial imagery and photogrammetry, aerial video recording, surveillance and inspection, search & rescue, and aerial scientific measurements, with a remotely piloted aerial system. This heavy lift UAV helicopter provides an exceptional payload capacity of 30 kg for 3 hours and up to 3,000 AMSL (10,000 ft), which can be used for customized solutions and requirements such as digital cameras, video camcorders, laser scanners, infrared, or hyperspectral camera equipment. Apart from the development of unmanned helicopters, there yet another key trend in the market. Original equipment manufacturers (OEMs) are increasingly using parts produced with carbon fiber reinforced plastics composite (CFRP) material. This material is being predominately used because it provides consistent strength to various parts of helicopters providing them higher corrosion resistance and reducing their weight. OEMs that use CFRP material include Airbus S.A.S and Boeing Corporation. Further, OEMs are significantly using artificial intelligence to improve the aircraft production and enhance the safety provision of aircrafts. For instance, Boeing Corporation has developed machine-learning algorithms to design aircraft and automate factory operations. So, growing development of advanced helicopter will drive the market during forecast period.
In case of COVID-19, APAC is highly affected specially India.The COVID-19 outbreak has resulted in a massive financial loss in the APAC region.

The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector.China, which is one of the leading aerospace manufacturing countries in the region, was one of the most affected countries in APAC during Q1 of 2020.

Due to this, aircraft and aircraft component manufacturing facilities have been severely affected.India, Japan, and South Korea are still combating the virus.

However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkably lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players. Currently, India is experiencing a massive outbreak of the second wave of COVID-19, leading the state governments to impose temporary lockdown measures. This factor is highlighting restrictions in helicopter production facilities. The helicopter manufacturers in India such as Hindustan Aeronautics Limited (HAL) and Tata Advanced Systems Limited (TASL), have been observing substantial disruption in the supply chain of several components, which is restraining the companies from producing pre-COVID production volumes. Hence, the domestic and international Helicopter market players supplying their products to HAL and TASL are witnessing a decline in sales.
The transport segment led the APAC helicopters market based on commercial & civil application in 2020.Transport helicopters are generally used for travel and tourism purposes for general passengers and business executives.

Companies are also focusing on offering products based on requirements.For instance, Airbus offers different helicopters for general passenger travel and corporate travels, thereby increasing customer satisfaction by offering them personalized helicopter interior design options.

So, the growing travel and tourism will increase the demand of transport helicopters, thereby driving the APAC helicopters market in coming years.
The overall APAC helicopters market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC helicopters market.

The process also serves the purpose of obtaining overview and forecast for the APAC helicopters market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC helicopters market. Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; and Russian Helicopters are among a few players operating in the APAC helicopters market.

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