Helicopter MRO Market Outlook and Industry Worth at a CAGR of 4.55% by 2030

October 2020-Research Report on the Global Helicopter MRO Market.

Overview

Helicopter MRO Market is projected to hit USD 12.34 billion by 2030 at a CAGR of 4.55% by 2030

As per market analysts, the global market is anticipated to witness growth owing to the factors such as the growing offshore activities as well as the increasing global demand for civil helicopters. However, the market will face challenges and restraints due to environmental regulations and environmental risks and the development of next-generation helicopters during the forecast period 2018 to 2025.

The growing adoption of helicopter modifications in the Helicopter MRO Market will support the growth. As per market analysts, the market based companies will face certain challenges during the forecast period 2018 to 2025. The market research report provides in-depth analysis of the application, helicopter type, region, and type segments. The market research report presents factors such as strict government rules that could slow down the market's growth.

Market Segmentation

The Helicopter MRO Market has been segmented into application, helicopter type, region, and type. Based on the segment which is type, the market is categorized on the basis of engine maintenance, heavy maintenance airframe, line maintenance, and part maintenance. The global market for helicopter MRO is further segmented based on helicopter type into heavy helicopters (>9.0 tonnes), medium helicopters (3.1–9.0 tonnes), and small helicopters (<3.1 tonnes). Furthermore, the market, on the basis of application is segmented into civilian and military.

The Helicopter MRO Market report offers comprehensive study of the market segments including application, helicopter type, region, and type. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The application, helicopter type, region, and type segments spread across the market along with the subsegments are studied. The global Helicopter MRO Market for helicopter MRO is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global Helicopter MRO Market research report presents key company profiles of organizations active across the market.

Regional Overview

The development of next-generation helicopters may hinder the Helicopter MRO Market growth. The market research report suggests that companies in the market could be supported by the increase in offshore activity as well as the increasing worldwide demand for helicopters during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The Helicopter MRO Market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across application, helicopter type, region, and type segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.

The Helicopter MRO Market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global Helicopter MRO Market.

Competitive Landscape

Helicopter MRO has seen tremendous growth, due to increased usage by law enforcement agencies and increase in demand for civil helicopter services. However, concerns regarding regulatory environment and unfavorable policies would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global Helicopter MRO Market are expected to help the market during the forecast period 2018 to 2025. As the market report suggests that the Helicopter MRO Market will register a CAGR of 4.55% and reach a US$12.34 billion by 2025, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2025. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2018 to 2025, however the companies need to move ahead with caution. The Helicopter MRO Market research report highlights such key areas.

Industry News

In order to expand in the country's helicopter servicing, repair and overhaul capacity (MROs), Bell Textron Inc. has acquired Zhenjiang Aerochine Aviation Limited, a member of Zhenjiang Town, eastern Jiangsu Province. The acquired Zhenjiang Aerochine, now Zhenjiang Bell Textron Aviation Service Co. Ltd (Zhenjiang Bell), was formerly designated an Authorised Maintenance Center and operated by Aerochine Aviation Limited as a wholly-owned subsidiary. Zhenjiang Bell is a China Civil Aviation Administration component 145 accredited repair station (CAAC).