$56,597.5 Million, Helicopters Market is Surging with 6.1% of CAGR by 2028 – Enstrom Helicopter Corp., Kaman Corporation, MD Helicopters, Inc., Robinson Helicopter Company

June 02 19:23 2021
$56,597.5 Million, Helicopters Market is Surging with 6.1% of CAGR by 2028 - Enstrom Helicopter Corp., Kaman Corporation, MD Helicopters, Inc., Robinson Helicopter Company

The Insight Partners
According to our latest market study on “Helicopters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Weight, and Application,” the market was valued at US$ 37,355.5 million in 2021, and it is projected to reach US$ 56,597.5 million by 2028; it is expected to grow at a CAGR of 6.1% from 2021 to 2028.

Helicopters are electro-mechanical products. The disruption in electronics and mechanical parts supply chain due to border closures has negatively impacted the overall production process of helicopters. According to the General Aviation Manufacturers Association (GAMA), the helicopter shipment dropped by 19.2% from 2019 to 2020. Thus, less demand for fixed wing aircraft and helicopters negatively impacted the growth of the market in 2020.

Helicopters Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Single Rotor, Multi Rotor, and Tilt Rotor), Weight (Light Weight, Medium Weight, and Heavy Weight), and Application (Commercial and Civil, and Military)

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Impact of COVID-19 Pandemic on Helicopters Market

The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China, which is one of the leading aerospace manufacturing countries in the region, was one of the most affected countries in APAC during Q1 of 2020. Due to this, aircraft and aircraft component manufacturing facilities have been severely affected. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkably lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players.

Unmanned helicopters are intended to support both civilian and security missions. They are also capable of delivering cargo to hard-to-reach areas without airfields. Aeroscount is a company that develops such helicopters. The company provides autonomous/unmanned helicopters for various applications including airborne laser scanning (lidar), aerial imagery and photogrammetry, aerial video recording, surveillance and inspection, search & rescue, and aerial scientific measurements, with a remotely piloted aerial system. This heavy lift UAV (unmanned aerial vehicle) helicopter provides an exceptional payload capacity of 30 kg for 3 hours and up to 3,000 AMSL (10,000 ft), which can be used for customized solutions and requirements such as digital cameras, video camcorders, laser scanners, infrared, or hyperspectral camera equipment. The ILX-27 is yet another unmanned helicopter developed by Institute of Aviation in Warsaw and Air Force Institute of Technology (AFIT) – Polish scientific and research organization. It was first unveiled in 2012. Alpin is another long-range unmanned helicopter being developed jointly by UAVOS and TITRA, a Turkish engineering company.

Strategic Insights

Players operating in the helicopters market are mainly focused on the development of advanced and efficient products.

  • In 2021, Leonardo enhanced its customer service growth strategy by opening a Helicopter Training Academy in the US.
  • In 2021, Sikorsky-Boeing team revealed an advanced assault helicopter designed to revolutionize US Army capabilities.

 

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