Civil Helicopter Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023
Civil Helicopter Market Information Report by Engine Type (Single Engine and Twin Engine) by Takeoff Weight (3,175 Kg to 5,700Kg and 5,700Kg to 9,000Kg), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) – Global Forecast To 2023
Pune, India – July 31, 2018 /MarketersMedia/ —
Market Highlights:
According to a new report by Market Research Future (MRFR), the global market for the civil helicopter is predicted to witness more than 4 % CAGR during the forecast period (2018-2023) owing to the impact of economic crisis globally. Thought the civil helicopter market had obtained an insufficient growth in the past years, the market has witnessed a considerable growth rate due to its effectiveness in reaching high altitude, remote, and areas affected by natural disasters.
In recent times, helicopters are allowed to operate in remote areas and where airports are completely non-existing or under development. In such areas, helicopters are extremely useful since they have vertical landing and take-off capacities. Along with that, the growing demand for helicopters in Emergency Medical Services (EMS) and law enforcement and offshore transportation are some of the factors flourishing the market growth. Also during any natural calamities, helicopters are utilized to look into the overall affected area and help in the evacuation of the injured people. With high-speed wing-borne flights, helicopters assist people by providing support to infrastructure and repair.
Rapid technological advancements, intense competition among the market players, environmental regulations along with frequent changes in government policies are some of the major factors confronting the market growth.
Meanwhile, operating helicopters are highly restricted in some parts of the region such as China, especially near the major cities. This might hinder the market growth during the assessment period. Moreover, with recent crashes of prototypes helicopter models over under development programs, the civil helicopter market is laidback.
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Major Key Players
The prominent players operating the global market for civil healthcare are Lockheed Martin Corporation (U.S.), Leonardo S.p.A (U.K), Bell Helicopter Textron Inc., Korea Aerospace Industries Ltd. (South Korea), Hindustan Aeronautics Ltd. (India), Enstrom Helicopter Corporation (U.S.), Airbus S.A.S (France), MD Helicopters Inc. (U.S.), Robinson Helicopter Company (U.S.), Russian Helicopters JSC (Russia), AVIC Helicopter Company (China).
Industry News
In March 2018, Ukraine signed a contract with Airbus Helicopters for purchasing 55 new H125, H145, and H225 platforms that could be used by the Ukrainian National Guard (UNG), as well as by government and law enforcement agencies.
Competitive Analysis
The companies compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality civil helicopters, in order to survive and succeed in an intensely competitive market environment. In 2016, the major companies such as Airbus, Bell Helicopter Textron Inc., Boeing, Leonardo S.p.A, Robinson Helicopter Company, and Sikorsky account for approximately 73% of the global market. These companies primarily focus on the implementation of lightweight materials, electric technologies, and robust systems. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It is also forecasted that the improving global economic scenario is fuelling market growth, thereby making it an ideal time to launch new products.
Global Civil Helicopter Market Segmentation
The global Civil Helicopter Market has been segmented on the basis of engine type, take-off weight type, application, and by regions.
The market has been segmented into single engine and twin engine based on engine type.
The market has been segmented into 3,175 Kg to 5,700 Kg and 5,700 Kg to 9,000 Kg based on take-off weight.
The market has been segmented into airborne Airborne Law Enforcement, Fire, Forestry & Wildlife Conservation, Helicopter Emergency Medical Services (HEMS), Search and Rescue (SAR), and others based on application. The Bistrow Group has been offering search and rescue (SAR) services in most of the countries where it operates. They have carried out more than 20,100 SAR missions. During the entire mission, they have rescued more than 10,700 people with the help of its helicopters and crew. Bistrow has been a world leader for SAR services and supplies a dedicated SAR helicopter and crew to cover exploration projects even in the most remote areas.
North America to Maintain its Dominance
Geographically, the global market for civil helicopter has been spanned across regions namely Europe, North America, Asia Pacific, and Rest-of-the-World. North America is expected to dominate the market over the forecasted period, owing to the growing application for offshore transportation and emergency medical services. Moreover, helicopter tourism is prevalent in several countries such as New Zealand, China, South Africa, Australia, Brazil, and India, where the governments are taking several steps to promote economy and safety travels of the regions.
Also, the use of air medical services (AMS) in North America has become a vital component of the healthcare industry across the globe. There is an increase in long-haul air travel for medical needs, where civil helicopters are used to carry patients from accident regions to healthcare facilities. Such helicopters reduce health care costs and save several lives at a time and can be operated day and night, regardless of the challenging weather or geographic conditions. These helicopters also reduce the time the ill and critically injured people spend out of a hospital.
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Intended Audience
• Helicopter Manufacturers
• Engine manufacturers
• Government as well as Independent Regulatory Authorities
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/civil-helicopter-market-3880
Source: MarketersMedia
Release ID: 387099
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