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n recent years, the use of helicopters has surged, driven by various factors that have reshaped the landscape of air travel. One significant contributor to this uptrend is the expanding tourism industry, where helicopters have become a sought-after means of exploration and scenic travel. Additionally, a growing number of individuals now own helicopters privately, indicating a broader accessibility to this mode of transportation.
The role of helicopters has also expanded into essential services such as law enforcement and paramilitary activities worldwide. The unique ability of helicopters to access remote or challenging locations makes them invaluable in critical operations, contributing to their increased utilization in various global security endeavors.
A noteworthy trend contributing to the rise of helicopters in urban settings is the escalating demand for intra-city air travel. This surge is particularly prominent in developing countries where traffic congestion has become a significant challenge. Helicopters offer a swift and efficient alternative in navigating cityscapes, addressing the need for expedited and convenient travel within urban environments.
The surge in demand has spurred the growth of the commercial helicopter market, shaping a landscape where helicopters are not just reserved for specialized operations but are increasingly becoming part of everyday travel solutions. This evolution is marked by a substantial increase in the number of companies providing helicopter services. Notably, industry giants like Uber Technologies Inc. and ANI Technologies Pvt. Ltd. (Ola) have entered the helicopter service arena, offering fares that are 50% lower than those of other private helicopter service providers. This competitive pricing strategy has made helicopter travel more accessible to a broader audience.
Beyond traditional transportation, there has been a notable uptick in helicopter rentals for specific purposes. This includes scenarios such as rescue operations, where helicopters play a vital role in reaching difficult terrains and providing urgent assistance. Moreover, the film-making industry has increasingly turned to helicopters for capturing stunning aerial shots, showcasing the versatility and agility of these aerial vehicles.
One of the standout trends in recent years is the flourishing sector of helicopter tourism. Countries like India, Singapore, and several European Union nations have witnessed a boom in helicopter tourism. This surge in popularity can be attributed to the diverse range of services that helicopters offer. From ensuring passenger comfort to incorporating advanced safety features and the capability to navigate various weather conditions, helicopters present a compelling and convenient choice for tourists seeking a unique and panoramic view of their destinations.
The confluence of these factors paints a promising picture for the global helicopter maintenance, repair, and overhaul (MRO) market. The increased usage of helicopters in diverse sectors, coupled with the expanding market for helicopter-related services, is expected to fuel the growth of the MRO market during the review period. As helicopters continue to carve a niche in everyday travel and specialized operations, the MRO industry is poised to play a crucial role in ensuring the reliability, safety, and efficiency of these airborne assets.
Helicopter MRO Market Highlights:
Global Helicopter MRO Market Overview
Helicopter MRO Market Size is Anticipeted to reach at a USD 12.34 billion by 2030 at a CAGR of 4.55% by 2020-2030 The increased use of commercial helicopters and the rise in the outsourcing of MRO services are poised to fuel business growth.
COVID-19 Analysis
The aviation sector is the most affected by the coronavirus (COVID-19) epidemic, relative to other sectors. This is attributed to the containment policies against the pandemic of COVID-19 that led to the closure of the entire service of the multinational passenger airline. How long the markets will take to rebound in the post-COVID world is still uncertain. The coronavirus pandemic gave the world economy a profound meta-uncertainty and its influence could reshape the future functionality of our pre-COVID economic structures.
Market Dynamics
Drivers
Growing Offshore Activities to Drive Market Growth
The increasing global demand for civil helicopters is the main factor driving the growth of the civil helicopter MRO industry. Many of this demand may be attributed to reasons such as the increase in offshore activity, increased usage by law enforcement agencies, search and rescue operations, and evacuation of medical emergencies. This increase in demand for civil helicopter services will foster the need for MRO services, which in turn will fuel growth prospects in the global MRO civil helicopter services sector over the forecast period. The increasing worldwide demand for helicopters is the main factor driving the growth of the helicopter MRO industry. This increase in demand for civil helicopters will foster the need for MRO services, which in turn will fuel growth prospects in the global MRO helicopter services industry over the forecast period.
Opportunities
Growing Adoption of Helicopter Modifications to Create Growth Opportunities
Increased use of composites would stimulate growth opportunities in this market during the forecast period. In helicopters, composites play a crucial role in the construction of seats, engine bay frames, and fuselage. Factors such as its high-cost efficiency increased strength, corrosion-resistant properties, chemical inertness, high fatigue, ease of manufacture, high strength-to-weight ratio, design durability, and lower component count will increase its acceptance during the forecast period.
Restraints
Environmental Regulations to Impede Market Growth
However, environmental risks and the development of next-generation helicopters can obstruct the growth of the sector. In addition, strict government rules are likely to limit business expansion.
Segmental Analysis
The Global Helicopter MRO Market was segmented by type, helicopter type, application and region.
By Type
By type, the market was categorised as heavy maintenance airframe, engine maintenance, part maintenance, and line maintenance. Device servicing involves a number of small and large parts in helicopters. Since spare parts and subsystems for helicopters are widely available, the costs involved in the repair of components are smaller relative to other types of maintenance.
By Type of Helicopter
Based on the type of helicopter, the industry was segmented into small helicopters (<3.1 tonnes), medium helicopters (3.1–9.0 tonnes) and heavy helicopters (>9.0 tonnes). Heavy helicopters have a carrying capacity of more than 9 tonnes. This helicopters are primarily used by the military to transport troops, combat equipment and artillery. Due to their high load size, big helicopters demand regular MRO services. As a result, the heavy helicopter segment (>9.0 tonnes) is expected to record a CAGR of 5.81 per cent during the forecast period.
By Application
The application divisions of the industry are civilian and military. Owing to the growing need for commercial helicopters, there has been a resulting growth in demand for civil helicopter MRO services.
Regional Analysis
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
U.S. Dominates the North American Market
North America has the world's largest number of MRO installations for both commercial and military helicopters. In addition, as the essence of fighting continues to evolve, the US Department of Defense (DoD) is investing in updating its current helicopter fleet. During the forecast period, the regional demand is predicted to post a 3.97 percent CAGR. The increasing adoption of civilian turbine-powered helicopters in this area. The strong economic prosperity of North America will also promote the replacement of ageing aircraft that are active in different fields, such as tourism, offshore operations, search and rescue missions. The opportunities for demand growth would be impelled by this the replacement of ageing aircraft. While investments have been made in the production of advanced MRO services in Canada, the US largely dominates the North American industry. In addition, due to the increasing adoption of civilian turbine-powered helicopters in this region.
High R&D Investments in Europe to Drive the market
During the evaluation period, Europe is expected to be the second-largest sector. At a CAGR of 4.38 percent during the projected period, the regional market is projected to hit USD 3.22 billion by 2025. Germany is also a significant contributor to the aerospace industry and I am likely to contribute to the overall development of the sector.
China to Drive APAC Market
During the forecast period, Asia-Pacific is expected to be the third-largest region. At a CAGR of 6.88 percent during the projected period, the regional market is projected to hit USD 1.59 billion by 2025. China holds second place in the expanding civil aviation industry in APAC. Thanks to its robust aviation goods and services, China is one of the fastest growing countries in the global aviation supply chain. They are also focusing on joining the market for commercial helicopter production. The Chinese government is also promoting the collaboration and development of helicopters by private businesses and international companies. The rising Chinese economy offers an immense potential demand for the development of helicopters of all classes. The rapid growth of suppliers of airframes and engines and the increasing number of helicopters in APAC have contributed to a boost in the MRO demand for helicopters.
Growing Technological Advancements to Drive MEA market
The Middle East and Africa accounted for the lowest market share, but their share is projected to rise due to Kenya's steady development and the country's plans to create a permanent base. This will create opportunities for Airbus Helicopter MRO operations in Africa and in areas of the Middle East. A twin-engine helicopter contract for improved airborne law enforcement and civil emergency response capability has also been signed with the Kenya police. These operations involve various types of helicopters and their pilots to promote MRO services in the aftermarket.
Competitive Landscape
Major Players to Focus on Mergers and Acquisitions
As the manufacturers in this industry compete on the basis of expense, efficiency, reliability, and aftermarket operation to achieve full market prominence, the global civil helicopter MRO market is highly competitive. In order to succeed in this industry, vendors must supply customers with the latest technologies and materials to provide cost-effective and high quality service. During the forecast era, suppliers with a global footprint network, in-house development facilities, multiple product offerings, and a large customer base will experience the highest growth.
- Airbus SAS (Netherlands)
- Heli-One (Canada)
- Honeywell International Inc. (US)
- Leonardo SpA (Italy)
- MTU Aero Engines AG (Germany)
- Rolls-Royce Holdings PLC (UK)
- Safran SA (France)
- StandardAero (US)
- Textron Inc. (US)
- United Technologies Corporation (US)
Recent Development
December 2020: Erickson Integrated, the world's leading utility aircraft operator, maintainer, and manufacturer, declared final FAA approval for the S-64F and CH-54B composite main rotor blades. The advanced design of the blades, especially in hot and high temperatures, provides a significant performance advantage.
December 2020: South Korea's lone aircraft maker, Korea Aerospace Industries Co. (KAI), received a USD 958 million helicopter contract from the state military procurement department. Under the agreement with the Administration of the Defense Acquisition Program (DAPA), KAI will provide the Army with the Surion (KUH-1) transport utility helicopter by 2024.
Report Overview
By Type
- Airframe Heavy Maintenance
- Engine Maintenance
- Component Maintenance
- Line Maintenance
By Helicopter Type
- Light Helicopter (<3.1 Tons)
- Medium Helicopter (3.1–9.0 Ton
- Heavy Helicopter (>9.0 Tons)
By Application
- Civil
- Military
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