Helicopters Market worth $36.

9 billion by 2025

The report "Helicopters Market by Point Of Sale (OEM,

Aftermarket), OEM Type (Light, Medium, Heavy), OEM
Application (Military, Civil & Commercial), OEM Number of
Engine, OEM Component & System, Aftermarket by
Component & System, and Region - Global Forecast to
2025", size is projected to grow from USD 21.3 billion in 2020 to
USD 36.9 billion by 2025, at a CAGR of 11.7% from 2020 to 2025.
Increased demand for military helicopters is a significant growth
driver for the helicopters market. Increased demand for light
weight and emergency medical services (EMS) helicopters are
other drivers for the market.

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The helicopter market includes major players Airbus Helicopters

SAS (France), Bell Helicopters (US), The Boeing Company (US)
and Leonardo S.p.A. (Italy). These players have spread their
business across various countries includes North America,
Europe, Asia Pacific, Middle East, Africa, and South America.
COVID-19 has impacted their businesses as well. Industry
experts believe that COVID-19 could affect helicopter production
and services by 7–10% globally in 2020.
By type, the light (<3.1 tons) civil & commercial segment is
projected to grow at a higher CAGR during the forecast
period.
More than 50% of the global civil & commercial helicopter
deliveries in 2018 were light helicopters, mainly due to their
operational efficiency and easy maneuverability, which are
essential for civil & commercial applications such as transport,
civil utility, and offshore, among others. High demand for civil &
commercial applications such as short distance air transport and
a rise in the number of offshore rigs have also fueled the demand
for light helicopters.
By application, civil & commercial transport helicopters are
expected to lead the market for helicopters during the
forecast period.
The transport helicopters segment is projected to lead the
application market during the forecast period due to the
increasing demand for helicopters as a mode of inter- and intra-
city transport. The vertical take-off and landing (VTOL) capabilities
of helicopters, along with the lower space requirements for
helipads as compared to airports, are the main factors fueling this
demand. Travel by helicopter also saves time as compared to
other modes of transport, which is another factor contributing to
the demand for light and medium transport helicopters.
North America is expected to lead the helicopters OEM
market during the forecast period.
North America is estimated to account for the largest share of the
helicopters in 2020. The US was the highest military spender in
2019, with a large chunk of the investment focused on the
procurement of various military helicopters. The US is a lucrative
market for helicopter OEMs in the North American region as the
government is investing increasingly to enhance the quality and
effectiveness of helicopters and their systems. For instance, in
September 2018, Boeing (US) won a USD 2.4 billion helicopter
contract from the US Air Force for the procurement of 84 Boeing
MH-139 helicopters.
Along with this, the demand for civil & commercial helicopters is
continually increasing. Civil usage of helicopters for transport and
emergency services has also generated a demand for helicopters
for civil applications in the US. As per the University of Chicago
Aeromedical Network, in 2018, approximately 900 helicopters
undertook 300,000 flights as air ambulances.
North America also has a presence of major helicopter
manufacturers Companies such as Bell Helicopter Textron Inc.
(US), Boeing (US), and Lockheed Martin Corporation (US),
among others.
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