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Helicopter Market Size Worth USD 68.36 Billion by 2026; Rising Adoption of Hybrid-electric Propulsion Technology to Aid Growth, Says Fortune Business Insights™

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Pune, May 19, 2020 (GLOBE NEWSWIRE) — The global helicopter market is set to gain traction from the rising adoption of ultra-light multi-mode radar flight vision systems (EFVS), electronic flight instruments (EFI), electro-optical and infrared systems (EOIR), autonomous flight, and hybrid-electric propulsion technologies. This information is given by Fortune Business Insights™ in a published report, titled, “Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026.” The report further states that the helicopter market size stood at USD 48.19 billion in 2018 and is projected to reach USD 68.36 billion by 2026, thereby exhibiting a CAGR of 4.47% during the forecast period.
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To Get The Short-Term And Long-Term Impact of COVID-19 on this Market,Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/helicopter-market-101685
Which companies are set to top the charts in terms of revenue?How are the key helicopter manufacturers intensifying competition in the market?Which segment is set to lead the market in terms of share?What are the market trends, challenges, opportunities, growth drivers, and barriers?
Drivers & Restraints-Increasing Demand for Air Ambulance Services to Propel GrowthIn the developing countries, such as China and India, the governments are taking several initiatives to enhance the available medical facilities. Private hospitals are also surging the expenditure on infrastructure development. It is set to increase the demand for emergency medical service (EMS) helicopters. Coupled with this, the increasing number of smart city projects would also bolster the helicopter market growth. EMS helicopters are preferred more to operate as air ambulances, as compared to the conventional mode of road transport. It is because they can take the emergency response team at any remote part of the world very quickly. Air ambulance services also provide safe transportation of patients in critical conditions to the hospitals.Investment in High Quality Helicopters to Favor Growth in North AmericaGeographically, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. North America procured USD 18.64 billion revenue in 2018 stoked by the presence of reputed manufacturers, such as Lockheed Martin Corporation, Boeing, and Bell Helicopter Textron Inc. in this region. Additionally, the increasing expenditure by the governments of various countries in this region on military helicopters, coupled with the high demand for EMS would augment growth. In the U.S., the government is investing hefty amounts of money to refine the effectiveness and quality of helicopters and their components.Asia Pacific, on the other hand, is set to grow at a fast pace on account of the rising investment by the Indian government in the development of defense. It is, in turn, surging the demand for military helicopters. In China, the government is upgrading the country’s military equipment and it is set to be complete in the next five years. Also, many prominent companies are investing to conduct simulator training facilities in this country. It would contribute to the growth of market in this region.Competitive Landscape-Key Companies Aim to Gain Competitive Edge through New Acquisitions The market consists of a large number of manufacturers that are mainly focusing on introducing new product lines and acquiring other companies and services to cater to the rising demand from their consumers. Below are a couple of the key industry developments:December 2019: AirMed International announced its plans to expand its services by acquiring Lifeguard Flying ICU in Las Vegas and AMR Air in Denver. These medical transport services are a part of Global Medical Response. This new addition would help the company in meeting the requirements of transportation.August 2019: AirLife North Carolina inaugurated its new base in Lumberton to provide services to the surrounding community. It will ensure that the masses residing in the area get access to air medical services. This new location would also enable quicker response time for trauma and emergency situations.Fortune Business Insights™ lists out the names of all the helicopter market manufacturers as follows:Russian Helicopters, JSCAirbus SASLeonardo SPABell Helicopter TextronLockheed Martin CorporationKawasaki Heavy Industries, Ltd.Boeing CompanyRobinson Helicopter CompanyHindustan Aeronautics Limited (HAL)MD Helicopters, Inc.Korea Aerospace Industries, Ltd.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesMarket Technological TrendsKey InsightsKey Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and PartnershipsLatest technological AdvancementsPorters Five Forces AnalysisValue Chain Analysis/Supply China AnalysisCountry-wise Helicopter Fleet Data (2010-2018)Global Helicopter Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeCivil & CommercialMilitaryMarket Analysis, Insights and Forecast – By ApplicationEmergency Medical Services (EMS)Corporate ServicesSearch & Rescue OperationOil and GasDefenseHomeland SecurityOthers (Tourism, Agriculture, Training)Market Analysis, Insights and Forecast – By SystemAirframeEngineAvionicsLanding Gear SystemCabin InteriorsMarket Analysis, Insights and Forecast – By WeightLight WeightMedium WeightHeavy WeightMarket Analysis, Insights and Forecast – By Point of SaleOEMAftermarketMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia-PacificRest of the worldTOC Continued…!Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/helicopter-market-101685
Military Aircraft Market Size, Share & Industry Analysis, By Type (Fixed-Wing, and Rotary-Blade), By Application (Combat, Multirole Aircraft, Military Transport, Maritime Patrol, Tanker, Reconnaissance & Surveillance, and Others), By System (Airframe, Engine, Avionics, Landing Gear System, and Weapon System), and Regional Forecast, 2019-2026
Helicopter Services Market Size, Share & Industry Analysis, By Type (Light Weight, Medium Weight, and Heavy Weight), By Application (Offshore helicopter, Air Ambulance, Business/Corporate Travel, Disaster & Humanitarian Aid, Leisure Charter, Transport, Media & Entertainment, and Surveying & Aerial Imaging), and Regional Forecast, 2018-2026Offshore Helicopter Services Market Size, Share & Industry Analysis, By Type (Light Weight, Medium Weight, and Heavy Weight), By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search and Rescue, and Others), and Regional Forecast, 2019-2026Air Crane Helicopter Market Size, Share & Industry Analysis, By Application (Power Line Construction, Aerial Firefighting, Logistics Operations, Oil & Gas, and Others), By Endurance (Up to 5,000 feet and Up to 10,000 feet), By External Load Capacity (Up to 3,000 pounds, Up to 6,000 pounds, and Up to 12,000 pounds, Up to 15,000 pounds), By End User (Civil & Commercial and Military), and Regional Forecast, 2019-2026Aircraft Sensors Market Size, Share and Global Trend By Aircraft Type (UAVs, Helicopter, Military Aircraft, Commercial Aircraft), By Sensors Type (Gyro, Speed, Pressure, Temperature), By Application (Landing Gear, Flight DeckEnvironmental Control) and Geography Forecast till 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Read Press Release: https://www.fortunebusinessinsights.com/press-release/helicopter-market-9387

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