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

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

  • July 2021
  • 145 pages
  • ID: 6134638
  • Format: PDF
  • The Insight Partners

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The Europe helicopters market is expected to grow from US$ 10,443.48 million in 2021 to US$ 16,383.49 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The growing demand for search and rescue (SAR) helicopters is expected to fuel the market growth. The increasing need for helicopters for various search and rescue operations is driving the Europe helicopter market. Countries located in Europe region are heavily investing in procuring the most advanced and highly capable helicopters. Due to the growing demand for new and advanced SAR helicopters, the overall market is growing. These helicopters were heavily equipped with advanced solutions including reliable and powerful rescue hoists and winches. The SAR helicopters are used for medical emergency/evacuation, firefighting and law enforcement, utility, and search and rescue operation. Helicopters are being significantly used for medical emergency or medical evacuation as well. Medical evacuation is the process of safely evacuating wounded people by medical personnel with assistance from military forces. During any kind of natural calamities or man-made calamities, there is heavy requirement for medical evacuation team. The team consists of medical professionals and military personnel who provide the needed medical care to the victims of any disaster. The team uses aircraft/helicopter fleet to evacuate the disaster-prone area. For law enforcement and firefighting, the helicopter is used for fire or other emergencies, patrol duties, and back up to ground unit. For utility application, helicopters are used for lifting operation that happens during oil and gas offshore processing. For search and rescue operation, the helicopters are deployed by military personnel to rescue and search operations. As a part of rescue and search operation, helicopters are used for all types of search and rescue processes (mountain rescue, disaster rescue, and natural calamity rescue among others). So, the growing application of SAR helicopters will drive the Europe helicopters market in coming years.
In case of COVID-19, Europe is highly affected specially Russia and the UK.In Europe, several countries have been experiencing a continuous surge in the number of COVID-19 infected individuals.

The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers.The COVID-19 outbreak has affected each aviation business stakeholders’ business in the region.

Several contracts to acquire helicopters and aircraft were suspended in order to manage their current operational costs during COVID times and post-COVID times.This has led the aircraft OEMs and component suppliers to suffer economic loss.

This factor has negatively affected the European and international helicopter market players. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturers (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the Helicopter market players’ businesses have been severely affected across Europe region.
The medium weight segment led the Europe helicopters market based on weight in 2020.The helicopters weighing between 4 to 9 tons are called medium weight helicopters.

Airbus for instance, is a prominent manufacturer of medium weight helicopters.The H175 medium class helicopter manufactured by the company are applied across various missions such as private and business aviation, emergency medical services, search and rescue operations and travelling purposes for government VVIP professionals amongst others.

Apart from combat missions, Medium Lift Helicopters are commonly utilized for commando assaults, ferrying supplies and troops to isolated mountain helipads, and performing SAR (Search and Rescue) and logistic support jobs in island areas and glaciers. Growing use of medium weight helicopters for military operations due to less maintenance and fuel efficiency is expected to drive the Europe helicopters market.
The overall Europe 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 Europe helicopters market.

The process also serves the purpose of obtaining overview and forecast for the Europe 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 Europe 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 Europe helicopters market.

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