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Published on: Aug 2020 | From USD $2900 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 88
The medium and heavy-lift helicopters market is expected to register a CAGR of over 3% during the forecast period.
- There is a growing demand for medium and heavy-lift helicopters in the commercial sectors, with their increasing use in different applications, like tourism, medical and emergency rescue services, transportation, law enforcement, and offshore helicopter services. In the military, the demand for medium-lift multi-role and utility helicopters is increasing from almost every region in the world, which is driving the growth of the market.
- Development of newer generation helicopters with increased technological advancement will further support the growth of the market, especially in the military sector, as several countries look to replace their aging fleet of medium and heavy-lift helicopters.
Key Market Trends
Medium-lift Helicopters Segment Held the Largest Market Share in 2019
In 2019, the medium-lift helicopters segment held the largest share in the market. The demand for the medium-lift helicopters is increasing from civil, commercial and military sectors, as they are generally incorporated with multi-mission capabilities that make them suitable for lifting operations in rigid environments, including helicopter logging, ski-lift installations, power line construction, and logistical support for remote construction sites, where the heavy-lift helicopters struggle to operate. Manufacturers of the helicopters are experiencing a huge demand for their medium-lift models for various purposes. For instance, in the Dubai air show held in November 2019, Leonardo SpA announced that it has received orders for three Leonardo AW139 helicopters from Abu Dhabi Aviation, one of the largest helicopter operators in the Middle East. In addition, the company also announced orders for another AW139 from Petroleum Air Services of Egypt and will be used to perform offshore transport operations in Egypt. Such orders are expected to help the growth of the market during the forecast period.
Asia-Pacific is expected to Show the Highest Growth During the Forecast Period
By region, Asia-Pacific is expected to grow with the highest CAGR during the forecast period. China, which has the largest military helicopter fleet in Asia-Pacific, signed an agreement with Rostec State Corporation in March 2019, to jointly develop heavy-lift helicopters for the militaries of both the countries. On the other hand, deliveries of the Chinook heavy-lift helicopters for the Indian military are ongoing, following the countryŐs contract for 15 Chinook heavy-lift helicopters with American aviation giant Boeing and the US government in 2018. In addition, in April 2020, Japan Coast Guard placed a follow-on order for two H225 helicopters. This new order brings JCGŐs Super Puma fleet to 15, comprising of two AS332s and 13 H225s. The new medium and heavy-lift helicopters will be used for coastal activities, security enforcement, as well as disaster relief missions in Japan. In addition, the territorial commercial segment of the market is witnessing a huge demand from South-East Asian countries like Indonesia, Malaysia, Singapore, and Thailand, due to which the medium and heavy lift helicopter market in the region is expected to show significant growth during the forecast period.
Competitive Landscape
The prominent players in the market of commercial helicopters are Airbus SE, Lockheed Martin Corporation, Textron Inc., Leonardo SpA, and Russian Helicopters JSC. Players are focusing on developing advanced helicopter models with new features and performance enhancements. For instance, the new Sikorsky CH-53K King Stallion which is currently being developed by Sikorsky Aircraft features new composite rotor blades, and a wider aircraft cabin than previous CH-53 variants and can attain an extra speed 37 kmph compared to its CH-53E predecessor. The company aims to sell these helicopters to countries like Germany, Japan, and Israel in addition to the US military during the forecast period. Such developments are expected to help the growth of the players during the forecast period.
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Civil and Commercial
5.1.2 Mlitary
5.2 Type
5.2.1 Medium-lift
5.2.2 Heavy-lift
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Mexico
5.3.4.2 Brazil
5.3.4.3 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Israel
5.3.5.4 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airbus SE
6.2.2 The Boeing Company
6.2.3 Leonardo SpA
6.2.4 Textron Inc.
6.2.5 Lockheed Martin Corporation
6.2.6 Russian Helicopters JSC
6.2.7 Aviation Corporation of China (AVIC)
6.2.8 Kaman Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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