Pune, India, November 2019, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Civil Helicopter Market.
Overview
The Global Civil Helicopter Market is expected to reach USD 13,881.4 Million by 2024 at a CAGR of 4.04% during the forecast period.
Civil helicopter manufacturers are investing heavily in advanced technologies to offer enhanced surveillance and communication to public safety personnel. For instance, the H125 civil helicopter by Airbus SAS has a camera, GPS, FLIR, and searchlight. These features enable public safety personnel in receiving real-time location information and offer enhanced detection capabilities which makes the helicopter ideal for law enforcement and emergency medical services.
Segmental Analysis
The Global Civil Helicopter Market has been segmented by engine Type, Weight, Ownership and end-use.
Based on engine type, the global civil helicopter market has been divided into single-engine and twin-engine. The single-engine segment is projected to dominate the market during the forecast period and is expected to register the higher CAGR. The segment was valued at USD 6,643.9 Million in 2018 and is expected to reach USD 8,648.1 Million by 2024 at a CAGR of 4.50%. Single-engine helicopters are specially used for operations that include flying at low altitudes. They can also operate in challenging environments. Single-engine helicopters are typically used for emergency medical operations, power line inspections, and search and rescue missions. The twin-engine segment is projected to exhibit a CAGR of 3.32% during the forecast period.
On the basis of weight, the global civil helicopter market has been segmented into light helicopters, intermediate helicopters, medium helicopters, and large & heavy helicopters. The light helicopters segment has been further classified as ultralight helicopters and others. The medium helicopters segment is expected to register the highest CAGR during the forecast period. It was valued at USD 1,593.7 million in 2018 and is projected to exhibit a CAGR of 6.72% during the forecast period. Medium helicopters offer multipurpose cabins, primary flight displays, navigation displays, and vehicle and engine management displays. These features make medium helicopters ideal for the oil & gas industry to carry drilling machinery and equipment and for emergency medical services and private aviation.
On the basis of ownership, the global civil helicopter market has been classified as owned and rental. The rental segment accounted for the larger market share in 2018. However, the owned segment is expected to register a higher CAGR of 5.28% during the forecast period. Owned helicopters can be customized, and demand is expected to rise in developing nations due to a growth in per capita disposable income.
In terms of end-use, the global civil helicopter market has been categorized as law enforcement, onshore & offshore transportation, forestry & wildlife conversation, helicopter emergency medical service, search & rescue, training services, and others. The helicopter emergency medical service segment dominates the market. The segment was valued at USD 3,268.3 Million in 2018. However, the law enforcement segment is expected to register the highest CAGR during the forecast period. The segment is projected to exhibit a CAGR of 5.05% during the forecast period. Helicopters are used in law enforcement for aerial surveillance. These helicopters are customized to include surveillance systems such as ground proximity warning systems, forward-looking infrared (FLIR) cameras, high-intensity lights, and traffic advisory systems.
Regional Analysis
By region, the Global Civil Helicopter Market has been segregated into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
The market in North America was valued at USD 3,774.0 Million in 2018. The presence of major market players, such as Lockheed Martin Corporation and Textron Inc., is expected to drive market growth in North America. The regional market is estimated to register a CAGR of 4.16% during the forecast period.
Europe is projected to be a major market for civil helicopters during the review period. The regional market is expected to reach USD 3,792.4 Million by 2024 at a CAGR of 3.80% during the forecast period. Asia-Pacific is projected to be a key region for the market during the review period. The market in the region is expected to reach USD 2,398.7 Million by 2024, registering a CAGR of 4.34% during the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/civil-helicopter-market-3880
Competitive Analysis
The Prominent Players in the Global Civil Helicopter Market include Lockheed Martin Corporation (US), Airbus SAS (Netherlands), Aviation Industry Corporation of China (China), Textron Inc. (US), Enstrom Helicopter Corporation (US), Hindustan Aeronautics Limited (India), Korea Aerospace Industries, Ltd (South Korea), Leonardo SpA (Italy), MD Helicopters, Inc. (US), Robinson Helicopter Company (US), and Russian Helicopters, JSC (Russia).
Key Developments
- In June 2018, Textron Inc. delivered three Bell 505 helicopters to Reignwood International Investment Group Company Ltd. The contract enabled the company to strengthen its presence in the Chinese helicopter market.
- In February 2018, Textron Inc. delivered two Bell 505 helicopters to Vietnam Helicopter Corporation and Northern Vietnam Helicopter Company. The contract enabled the company to develop its position in the Asian helicopter market.
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Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 99 |
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