Civil Helicopter Market Size, Share, Growth, And Industry Analysis By Type (Small helicopter (maximum takeoff weight 2 MT), Light Helicopter (maximum takeoff weight between 2MT to 4 MT), Medium Helicopter (maximum takeoff weight between 4MT to 10 MT),) By Application (Exploration, Agriculture, Other), Regional Insights, and Forecast From 2024 To 2032

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Civil Helicopter Market Report Overview

The global civil helicopter market size was USD 7.69 billion in 2023 and market is projected to touch USD 14.42 billion by 2032, at a CAGR of 7.24% during the forecast period.

A helicopter, also referred to as a chopper, is a rotorcraft that operates on the global market and is propelled and lifted by the rotor itself. This force and lift allows the helicopter to fly laterally, forward, and backwards, as well as land and take off vertically. The helicopter can be used in isolated and crowded areas where fixed-wing aircraft are challenging to operate and fly due to these qualities and advantages. Since they have exceptional mobility, especially in small spaces, and can get to any damaged location while avoiding all traffic and natural calamities like earthquakes and floods, helicopters can also be utilised in emergency situations.

Modern helicopters also feature air conditioning, better soundproofing, and passenger seats. With carpeted interiors and glossy finishes, manufacturers are aiming to produce more aesthetically pleasing helicopters for the global market.

The oil and gas industry is predicted to boost its need for rotorcraft for a variety of marine applications. A number of variables, including width, cabinet size, product information, and the advancement of operating technology, have a significant impact on the demand for new helicopters.

COVID-19 Impact: COVID 19 Outbreaks Hampered The Market Growth

The effects of COVID-19 on the civil helicopter market change every minute. The pandemic's immediate and obvious effects have been seen on the sector. Due to the expanding need for helicopter emergency medical services and the rising demand for helicopters in developing nations like China and India, the sector had experienced a boom (HEMS). However, COVID-19 has stopped manufacturing operations and tightened airspace restrictions. These elements could limit the civil helicopter market's ability to expand. However, the market has been hampered by the continuing coronavirus pandemic. Many helicopters are grounded while the tourism sector is shut down, along with oilfield operations. In the upcoming months, the helicopter operators are predicted to suffer significant losses. HEMS is provided by helicopter firms who are currently in business during this time. Additionally, because of the pandemic, facilities that make helicopters have been forced to close, which has had an effect on the supply chain.

Latest Trends

"More People Are Using Single-Engine Operating Modes To Save Fuel Consumption"

Two-engine flying vehicles with single-engine operation can shut down one of their engines while cruising, save fuel, climb quickly, and then resume it. These devices are designed to provide mechanical flight control in addition to flight by the fire.

Civil Helicopter Market Segmentation

• By Type Analysis

According to type, the market can be segmented into Small helicopter (maximum takeoff weight 2 MT), Light Helicopter (maximum takeoff weight between 2MT to 4 MT), Medium Helicopter (maximum takeoff weight between 4MT to 10 MT). Small helicopter (maximum takeoff weight 2 MT) is anticipated to dominate the market segment.

• By Application Analysis

Based on application, the market can be divided into Exploration, Agriculture, Other. Exploration will be the leading segment.

Driving Factors

"Technological Progress In The Military Industry"

The needs of end users, fuel efficiency, and operational effectiveness are the primary concerns of helicopter manufacturers. Military and commercial helicopters need to be upgraded as a result of advancements in aerospace and defence technologies as well as the desire for more helicopter power. In order to reduce fuel consumption and increase cost effectiveness, manufacturers have worked to reduce the overall weight of helicopter engines. Due to technological advancements, helicopter manufacturers are working harder than ever to reduce the size and weight of their aircraft. As a result, there is an increasing need for lightweight helicopters.

Restraining Factors

"Reduction In Budget Availability Restricts The Market Growth"

Military budgets in emerging nations have been continuously declining as a result of budget cuts in the defense sector during the past few years. The U.S. Defense Ministry has suggested a reduction in defense spending of roughly USD XXXX billion for the 2012–21 budgets. Strict military budget cuts were also applied in Europe, which resulted in a general decrease in defense spending from 2011 to 2020 in major nations like Germany, the United Kingdom, Spain, Italy, Ireland, Belgium, and France. Some emerging nations will make additional adjustments to rise their defense spending.

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Civil Helicopter Market Regional Insights

"Europe will the Leading Segment During Forecast Period"

The market is divided into North America, Europe, Asia Pacific, Latin America, and MEA based on regional insights. Over the course of the projected period, Europe is anticipated to generate the most income. With a 33.3% revenue share in 2021, the European market led the way and is anticipated to expand significantly over the coming years. The Clean Sky region, collaboration between the European Commission, the private sector, and the European aviation sector, offers cutting-edge technology for building ecologically friendly and silent flying aircraft.

With a CAGR of 7.8% from 2022 to 2030, the Asia Pacific region is predicted to expand the quickest. China is the fastest-growing market in the Asia-Pacific region and has the second-largest helicopter market. In the immediate term, the COVID-19 epidemic has had little of an effect on the helicopter market, since orders and delivery seemed to be declining in 2020. The COVID-19 pandemic has also had a significant influence on the region's tourism sector, which affects how much money helicopter pilots make. For a brief period of time, this is anticipated to reduce the need for commercial helicopters. Due to broad use, particularly in the public and commercial sectors, helicopter demand is anticipated to rise significantly during the projection period. Air ambulance, air travel, law enforcement, aerial photography, and emergency rescue services are just a few of the uses for helicopters. A simple adjustment to the helicopter's specifications allows for the practice, which encourages pilots from a variety of professions to buy brand-new helicopters.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP Civil Helicopter COMPANIES

• Russian Helicopters JSC (Russia)
• Aviation Industry Corporation of China (AVIC) (China)
• Finmeccanica Helicopters (Italy)
• Airbus Helicopters (Netherlands)
• Bell Helicopter Textron Inc (U.S.)
• Enstrom Helicopter Corporation (U.S.)
• MD Helicopters Inc (U.S.)
• Sikorsky Aircraft Corporation (U.S.)
• Korea Aerospace Industries Ltd (korea)
• Kawasaki Heavy Industries Ltd (Japan)
• Robinson Helicopter Company (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.