https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
The global helicopter market was valued at USD 67.46 billion in 2023 and is projected to grow
to USD 97.13 billion by 2032, rising from USD 74.52 billion in 2024, at a CAGR of 3.4% during
the forecast period. In 2023, North America dominated the market with a substantial 55.34%
share, driven by consistent procurement and fleet modernization efforts. Notably, the U.S.
helicopter market is expected to reach a valuation of USD 45.26 billion by 2032, reflecting
strong growth across both military and civil segments.
The global market is expanding steadily, supported by growing demand for helicopters in
military, civil, and commercial applications. Key drivers include increasing investments in
defense modernization programs, the expansion of emergency medical services (EMS), and
rising use of helicopters in transport, tourism, and offshore operations. Furthermore,
technological advancements—such as improved fuel efficiency, advanced avionics systems,
and the development of electric and hybrid helicopters—are contributing to the market’s
evolution. With continued demand from regions like North America, supported by recurring
orders and upgrades, the helicopter market is expected to maintain a positive growth
trajectory through 2032.
List of Key Players Profiled in the Report
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Airbus S.A.S (Netherlands)
•
Textron Inc. (U.S.)
•
Leonardo S.p.A. (Italy)
•
Lockheed Martin Corporation (U.S.)
•
The Boeing Company (U.S.)
•
Rostec (Russia)
•
The Robinson Helicopter Company (U.S.)
•
Kawasaki Heavy Industries Ltd. (Japan)
•
Hindustan Aeronautics Limited. (India)
•
Kaman Corporation (U.S.)
Information Source:
https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
Segmentation:
The global helicopter market is segmented based on type, number of engines, maximum take-
off weight (MTOW), application, point of sale, and geography. By type, the market is
categorized into civil & commercial and military helicopters. Based on the number of engines,
it is divided into single-engine and twin-engine helicopters. In terms of MTOW, the market is
segmented into less than 3,000 kg, 3,000 kg to 9,000 kg, and greater than 9,000 kg. By
application, the segments include emergency medical service, corporate service, search and
rescue operations, oil & gas, defense, homeland security, and others. Based on the point of
sale, the market is classified into new and pre-owned helicopters. Geographically, the market
is studied across North America, Europe, Asia Pacific, South America, and the Middle East &
Africa—each region further segmented by type, number of engines, MTOW, application, point
of sale, and key countries such as the U.S., Canada, U.K., Germany, France, China, India, Brazil,
and the U.A.E.
Light to Lead Due to Demand for Civil and Commercial Helicopters
According to weight, the helicopter market is divided into light, medium, and heavy. Light
segment dominated in 2022 due to growing demand for civil and commercial helicopters in
sightseeing, aerial photography, and transportation of small groups and cargo.
EMS to Lead Due to Increasing Applications in Healthcare
Based on application, the market is divided into Emergency Medical Service (EMS), corporate
service search and rescue operation, oil & gas, defense, homeland security, and others. The
Emergency Medical Service (EMS) segment is set to dominate due to increasing applications
in healthcare. The search and rescue operation segment has the second largest share owing
to its applications in disaster management, aerial firefighting activities, and others.
Pre-Owned to Lead the Segment Due to Various Benefits
Based on point of sale, the market is divided into new and pre-owned. Pre-owned segment is
set to dominate due to cost-effectiveness of pre-owned and increased backlog deliveries by
OEMs.
In terms of geography, the market is studied across North America, Europe, Asia Pacific, South
America, and the Middle East & Africa.
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the
helicopter market. It comprehensively discusses the driving and restraining factors and the
impact of COVID-19 on the market. Additionally, it examines the regional developments and
the strategies undertaken by the market's key players.
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101685
Drivers and Restraints
Demand for Air Ambulance Services to Propel Market Growth
Demand for air ambulance services is projected to drive the helicopter market growth. The
demand for air ambulance services has been increasing as they are one of the fastest means
of transportation due to their quickness to offer transportation to critical patients. Their
ability to reach remote and inaccessible areas makes them an ideal option for transporting
patients to medical facilities with speed and efficiency. The demand for ambulance services
is set by the growing elderly population, rise in chronic diseases, and the requirement for
prompt medical attention during emergencies.
However, delivery backlogs, high operational, and maintenance costs to impede the market
expansion.
Regional Insights
North America to Dictate Market Share Due to Modernization and Expansion of Military
North America held the dominating helicopter market share in 2022 due to modernization
and expansion of the military fleet. In June 2022, Lockheed Martin Corp received a five-year
contract for USD 2.3 billion to manufacture a minimum of 120 H-60M Black Hawks as the U.S.
military seeks a successor to its existing fleet. The five-year contract includes an option for
135 additional aircraft worth USD 4.4 billion, available to the Army, U.S. agencies, and allies.
Europe has held the second-largest share as helicopters are used for the transportation of
offshore wind farms and maintenance of wind turbines.
Asia Pacific is the fastest-growing region in the market due to defense spending by emerging
countries and increasing demand for lightweight helicopters.
Competitive Landscape
New Product Launches by the Key Market Players to Boost Market Progress
The helicopter market has key players such as Airbus S.A.S, Textron Inc., Leonardo S.p.A.,
Lockheed Martin Corporation, The Boeing Company, and others. The key players have been
adopting strategies such as mergers, acquisitions, product launches, collaborations, and
partnerships. In December 2022, Airbus SAS launched DisruptiveLab for the improvement of
rotorcraft performance. DisruptiveLab is a flying laboratory that is designed to test
technologies that can enhance the performance of aircraft and reduce CO2 emissions.
Key Industry Development
In August 2023, Airbus Helicopters and Korea Aerospace Industries (KAI) signed an agreement to
initiate the serial production phase of the Light Armed Helicopters (LAH) program. This partnership
marks a significant milestone, transitioning the project into large-scale manufacturing at KAI’s facility
in Sacheon, South Korea.
In June 2023, Safran Helicopter Engines and MTU Aero Engines signed a Memorandum of
Understanding (MoU) to form a 50/50 joint venture focused on developing a new engine for the
European Next Generation Rotorcraft Technologies (ENGRT) program. Backed by the European
Defense Fund, ENGRT aims to drive innovation and lay the technological foundation for Europe’s next
generation of military rotorcraft.