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Middle East & Africa Helicopters Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Type, Weight, & Application

Middle East & Africa Helicopters Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Type, Weight, & Application

  • July 2021
  • 131 pages
  • ID: 6134692
  • Format: PDF
  • The Insight Partners

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The MEA helicopters market is expected to grow from US$ 2,261.45 million in 2021 to US$ 2,835.26 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Increasing demand due to aging helicopter fleet will drive the market growth in coming years. Many countries across MEA region now witnessing an increase in aging helicopter fleet size, which is creating immense demand for new and advanced helicopters. OEMs can effectively use this opportunity to strengthen their market position. Further, according to a report published in 2018–2019, approximately 25% of the total helicopter fleet size in the MEA region is over 20 years old and falls under “fleet renewal pending “category, which is expected to create opportunity for OEMs in the market. All these ongoing upgrade programs taking place in various major countries are expected to create growth opportunity for OEMs across MEA region. Other factor such as mounting development of unmanned helicopters and use of advanced materials and technology is also expected to surge the demand of helicopters, thereby driving the MEA helicopters market during forecast period.
In case of COVID-19, MEA is highly affected especially South Africa.The MEA helicopter market is majorly affected by the disruption in the supply chain.

Owing to the closure of countries’ borders, the supply chain of several components and parts has been disturbed.South Africa has a few helicopter manufacturers, which produce general aviation helicopters.

The widespread COVID-19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily.Additionally, the disruption in the supply chain business due to the trade ban has also adversely affected the country’s helicopter manufacturing process.

On the other hand, Saudi Arabian government spends substantial amounts toward its military force, law enforcement teams, and firefighting teams, thereby continuously supporting the teams with upgraded technologies in order to remain mission ready. However, the COVID-19 outbreak in the country has impacted and postponed a number of helicopter procurement deals.
The attack and reconnaissance segment led the MEA helicopters market based on military application in 2020.Attack and reconnaissance helicopters are armed helicopters that primarily serve as attack aircraft capable of attacking ground targets such as enemy infantry, military vehicles, and fortifications.

They are often referred to as helicopter gunships due to their heavy armament.Autocannons, machine guns, rockets, and guided anti-tank missiles can all be used by attack helicopters.

Air-to-air missiles can be carried by some assault helicopters, but they are mainly used for self-defense against other helicopters and low-flying light combat aircraft.The major role of a modern attack and reconnaissance helicopter is to provide direct and effective close air support for ground troops, and to destroy grouped enemy armor in the anti-tank role.

Attack helicopters are also used as a defensive escort for transport helicopters or to supplement lighter reconnaissance helicopters. Growing military warfare around the MEA region is expected to increase the demand of attack and reconnaissance helicopter, thereby driving the MEA helicopters market.
The overall MEA 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 MEA helicopters market.

The process also serves the purpose of obtaining overview and forecast for the MEA 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 MEA helicopters market. Airbus S.A.S.; Bell Textron Inc.; Boeing; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; and MD Helicopters, Inc. are among a few players operating in the MEA helicopters market.

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