The global market for civil helicopter is highly competitive with the presence of large companies with a global footprint, as well as companies active in regional markets. Civil helicopters are generally constructed for purposes such as helicopter disaster medical facilities, rescue processes, onshore & offshore conveyance needs, wildlife conversation as well as some training services, etc. Also, these helicopters can be retained or rented for use and are available in different sizes and weights which may be light, intermediate, medium as well as large.
The global civil helicopter market is expected to gain significant pace during the forecast period. The rapid growth in the demand for rotorcraft for personal use in developing countries is expected to drive the global civil helicopter market. Furthermore, the increasing demand for helicopters for law enforcement applications is projected to propel the market during the forecast period. However, factors such as complex regulations for civil aviation are expected to restrain the market growth.
The civil helicopter market, based on engine type, has been segmented into single engine and twin engine segments where the single engine segment accounted for the larger market share in 2018 and is expected to grow at a higher CAGR during the forecast period. The civil helicopter market, based on weight, has been segmented into the light helicopters, intermediate helicopters, medium helicopters, and large & heavy helicopters. The light helicopters segment is expected to reach USD 5,995.4 million by 2024 at a CAGR of 2.85%.
The medium helicopters segment is expected to register the highest CAGR during the forecast period. Based on ownership, the market has been segmented into self-owned and rental. The rental segment accounted for the larger market share in 2018. The owned helicopters segment is expected to witness the highest growth rate during the forecast period. Based on end use, the market has been segmented into helicopter emergency medical service, search & rescue, law enforcement, onshore & offshore transportation, forestry & wildlife conversation, training services, and others. The helicopter emergency medical service segment is expected to reach USD 3,971.5 million by 2024 at a CAGR of 3.31%. The law enforcement segment is expected to register the highest CAGR during the forecast period.
The worldwide civil helicopter market, based on location, has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North American region holds the largest share of the global civil helicopter market, operating approximately 33% of the world’s total helicopter fleet. A large number of civil helicopter operators in the US are expanding their services for various civil applications which is contributing to the market growth in North America. Europe was the second-largest market for civil helicopters in 2018. Currently, the region is witnessing developments due to contracts, agreements, partnerships, and collaborations among prominent players. Moreover, new product launch and development by prominent players such as Airbus SAS, Leonardo SpA, and Russian Helicopters, JSC in the region is primarily driving the market growth. There is an ever-growing demand for medical, rescue & law enforcement applications, and the requirement for charter air services across Europe.
The increasing traffic congestion in Europe is promoting air travel through civil helicopters which is expected to drive the market. The civil helicopter market in the Asia-Pacific is expected to witness the fastest growth among countries such as China, India, and South Korea that are heavily investing in the development of helipads, which is expected to fuel the adoption of civil helicopters for intracity and intercity transportation. The Middle East & Africa region has been witnessing phenomenal growth in the economy due to the growth in the tourism industry. Moreover, In countries such as Saudi Arabia, UAE, and Qatar, offshore transportation to and from oil and gas sites is very common.
The rise in demand for civil helicopters by the tourism industry is also expected to drive the market. Over the years, civil helicopters have been in high demand for emergency medical services, law enforcement operations, and promoting tourism in the region, which is simultaneously driving the regional market. The civil helicopter market is witnessing a fast growth in the Latin American region. The use of civil helicopters for providing emergency medical services and in construction and cargo transport and utility applications are expected to drive the market for civil helicopters.
The prominent players operating in the global civil helicopter market are 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), Lockheed Martin Corporation (US), MD Helicopters, Inc. (US), Robinson Helicopter Company (US), and Russian Helicopters, JSC (Russia). These players use new product development, mergers, innovation, and acquisition as a part of their strategies to stay competitive in the civil helicopter market