Commercial Helicopters - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
The Commercial Helicopters Market size is estimated at USD 683.24 million in 2024, and is expected to reach USD 894.49 million by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).
Commercial helicopters are rotorcraft designed and used for various business and non-military purposes. They offer versatility and flexibility in transportation, logistics, and other operations, such as firefighting, film and photography, utility, and survey work. Thus, they are employed in multiple industries and applications. The growing demand for rotorcraft, such as helicopters, for various applications and end-user industries, like oil and gas and law enforcement, is expected to drive market growth.
The intensive use of helicopters for various applications has simultaneously increased the need to incorporate advanced technologies to facilitate their use for contra-distinct purposes. Technological developments like engine performance enhancement, improvement of their performance capabilities, etc., have made them more suitable for functioning in harsh and challenging environments. Market players are focusing on enhancing the ergonomics and safety aspects of helicopters. However, the market might witness significant resilience from the rapid growth of the drone industry as they can act as potential substitutes for helicopters, particularly in specific applications for end users.
The commercial helicopter market is susceptible to regional economic conditions and their subsequent impact on levels of capital investment and consumer spending. Factors such as the economic downturn can lead to reduced investments, changes in government spending levels, reduced customers’ and suppliers’ access to credit, hamper consumer confidence, and increase buyers’ propensity for cheaper substitutes in specific applications.
Commercial Helicopter Market Trends
Search and Rescue Segment Will Showcase Remarkable Growth During the Forecast Period
Search and rescue (SAR) teams employ helicopters to support operation logistics by transporting rescuers. The speed afforded by helicopter transport can reduce time and rescuer fatigue, both vital considerations in many rescue operations. Features of helicopters, like their ability to reach inaccessible regions, smaller size, and applications in emergency operations, make helicopters the most desirable form of rescue in many countries. For instance, in December 2023, massive rainfall flooded villages and towns in the southern areas of Tamil Nadu, India. Locals and disaster response teams mobilized resources to rescue stranded residents. In rescue, the Indian navy’s helicopters conducted the relief operations and dropped 3.2 tons of relief material in Tamil Nadu's flood-affected areas.
The incorporation of innovative technology in regular search and rescue helicopters is increasing. Military SAR operations are usually conducted in combat zones, and focusing on market giants in their expansion will further stimulate market growth. In November 2023, to strengthen bilateral relations and boost the Philippine Coast Guard (PCG) capabilities, the Indian government offered at least seven helicopters for use in the Philippines' rescue and humanitarian efforts during disasters. The helicopters provided to the PCG are built for India’s Navy and Coast Guard and can be used for security operations and carrying more people and loads.
In August 2023, Bristow Ireland Limited, a subsidiary of Bristow Group Inc., signed a contract with the Irish Department of Transport to provide rotary and fixed-wing aviation services for the Irish Coast Guard. Bristow will shift to the new contract in the fourth quarter of 2024. The company will operate six specialized SAR-configured AW189 helicopters from four dedicated Sligo, Shannon, Waterford, and Dublin Weston bases. Thus, the growing procurement of helicopters for search and rescue operations drives the segment growth during the forecast period.
The Middle East and Africa is Projected to Show Highest Growth During the Forecast Period
The increase in the demand for helicopters for commercial applications like agriculture, aerial photography, tourism, offshore applications, and air ambulance in the United Arab Emirates, Saudi Arabia, Turkey, and others drives the market's growth.
Saudi Arabia has a large geographical area with many remote and difficult-to-access locations. Helicopters are one of the most essential modes of transportation for these areas, especially during emergencies or when time is of the essence. Helicopters with medical equipment, such as stretchers and oxygen supplies, help provide emergency medical assistance to those in need. They transport patients from remote areas to hospitals and medical facilities in urban areas. For instance, in February 2024, Leonardo was awarded a contract by the THC (The Helicopter Company), which is owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia, to deliver 20 AW139 intermediate twin-engine helicopters to strengthen the country’s emergency medical service (EMS), and search and rescue (SAR).
The United Arab Emirates is home to several government agencies and para-public bodies that rely on helicopters. Emergency medical services are another critical use of helicopters in the United Arab Emirates. For instance, in January 2022, Falcon Aviation Services and Response Plus Holdings signed a partnership agreement to provide air ambulance services in the United Arab Emirates using their two specially fitted helicopters for air ambulance needs. Thus, the growing use of helicopters for various commercial applications such as search and rescue, transportation, offshore, and medical services is expected to boost market growth across the region.
Commercial Helicopter Industry Overview
The commercial helicopter market is consolidated. Market players, such as Airbus SE, Textron Inc., Rostec, Kawasaki Heavy Industries Ltd, and Leonardo SpA, hold a major market share. Other small and domestic companies occupy a minimal market share.
Key players in the market are highly investing in research and development and introducing advanced commercial helicopters. For instance, Leonardo SpA launched its VIP helicopters and travel services under a related new name, "Agusta," and unveiled the heliport called "Casa Agusta" in 2020. The company provides a range of helicopters for the commercial markets, including all the main weight categories, from 1.8-tonne single-engine to 16-tonne three-engine helicopters.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Commercial helicopters are rotorcraft designed and used for various business and non-military purposes. They offer versatility and flexibility in transportation, logistics, and other operations, such as firefighting, film and photography, utility, and survey work. Thus, they are employed in multiple industries and applications. The growing demand for rotorcraft, such as helicopters, for various applications and end-user industries, like oil and gas and law enforcement, is expected to drive market growth.
The intensive use of helicopters for various applications has simultaneously increased the need to incorporate advanced technologies to facilitate their use for contra-distinct purposes. Technological developments like engine performance enhancement, improvement of their performance capabilities, etc., have made them more suitable for functioning in harsh and challenging environments. Market players are focusing on enhancing the ergonomics and safety aspects of helicopters. However, the market might witness significant resilience from the rapid growth of the drone industry as they can act as potential substitutes for helicopters, particularly in specific applications for end users.
The commercial helicopter market is susceptible to regional economic conditions and their subsequent impact on levels of capital investment and consumer spending. Factors such as the economic downturn can lead to reduced investments, changes in government spending levels, reduced customers’ and suppliers’ access to credit, hamper consumer confidence, and increase buyers’ propensity for cheaper substitutes in specific applications.
Commercial Helicopter Market Trends
Search and Rescue Segment Will Showcase Remarkable Growth During the Forecast Period
Search and rescue (SAR) teams employ helicopters to support operation logistics by transporting rescuers. The speed afforded by helicopter transport can reduce time and rescuer fatigue, both vital considerations in many rescue operations. Features of helicopters, like their ability to reach inaccessible regions, smaller size, and applications in emergency operations, make helicopters the most desirable form of rescue in many countries. For instance, in December 2023, massive rainfall flooded villages and towns in the southern areas of Tamil Nadu, India. Locals and disaster response teams mobilized resources to rescue stranded residents. In rescue, the Indian navy’s helicopters conducted the relief operations and dropped 3.2 tons of relief material in Tamil Nadu's flood-affected areas.
The incorporation of innovative technology in regular search and rescue helicopters is increasing. Military SAR operations are usually conducted in combat zones, and focusing on market giants in their expansion will further stimulate market growth. In November 2023, to strengthen bilateral relations and boost the Philippine Coast Guard (PCG) capabilities, the Indian government offered at least seven helicopters for use in the Philippines' rescue and humanitarian efforts during disasters. The helicopters provided to the PCG are built for India’s Navy and Coast Guard and can be used for security operations and carrying more people and loads.
In August 2023, Bristow Ireland Limited, a subsidiary of Bristow Group Inc., signed a contract with the Irish Department of Transport to provide rotary and fixed-wing aviation services for the Irish Coast Guard. Bristow will shift to the new contract in the fourth quarter of 2024. The company will operate six specialized SAR-configured AW189 helicopters from four dedicated Sligo, Shannon, Waterford, and Dublin Weston bases. Thus, the growing procurement of helicopters for search and rescue operations drives the segment growth during the forecast period.
The Middle East and Africa is Projected to Show Highest Growth During the Forecast Period
The increase in the demand for helicopters for commercial applications like agriculture, aerial photography, tourism, offshore applications, and air ambulance in the United Arab Emirates, Saudi Arabia, Turkey, and others drives the market's growth.
Saudi Arabia has a large geographical area with many remote and difficult-to-access locations. Helicopters are one of the most essential modes of transportation for these areas, especially during emergencies or when time is of the essence. Helicopters with medical equipment, such as stretchers and oxygen supplies, help provide emergency medical assistance to those in need. They transport patients from remote areas to hospitals and medical facilities in urban areas. For instance, in February 2024, Leonardo was awarded a contract by the THC (The Helicopter Company), which is owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia, to deliver 20 AW139 intermediate twin-engine helicopters to strengthen the country’s emergency medical service (EMS), and search and rescue (SAR).
The United Arab Emirates is home to several government agencies and para-public bodies that rely on helicopters. Emergency medical services are another critical use of helicopters in the United Arab Emirates. For instance, in January 2022, Falcon Aviation Services and Response Plus Holdings signed a partnership agreement to provide air ambulance services in the United Arab Emirates using their two specially fitted helicopters for air ambulance needs. Thus, the growing use of helicopters for various commercial applications such as search and rescue, transportation, offshore, and medical services is expected to boost market growth across the region.
Commercial Helicopter Industry Overview
The commercial helicopter market is consolidated. Market players, such as Airbus SE, Textron Inc., Rostec, Kawasaki Heavy Industries Ltd, and Leonardo SpA, hold a major market share. Other small and domestic companies occupy a minimal market share.
Key players in the market are highly investing in research and development and introducing advanced commercial helicopters. For instance, Leonardo SpA launched its VIP helicopters and travel services under a related new name, "Agusta," and unveiled the heliport called "Casa Agusta" in 2020. The company provides a range of helicopters for the commercial markets, including all the main weight categories, from 1.8-tonne single-engine to 16-tonne three-engine helicopters.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of 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 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Maximum Take-off Weight
5.1.1 Light Helicopters
5.1.2 Medium Helicopters
5.1.3 Heavy Helicopters
5.2 Application
5.2.1 Government
5.2.2 Search and Rescue
5.2.3 Fire Service
5.2.4 Law Enforcement
5.2.5 Emergency Medical Service
5.2.6 Coast Guard
5.2.7 Border Patrol
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 Russia
5.3.2.5 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 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 South Africa
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 Textron Inc.
6.2.3 Lockheed Martin Corporation
6.2.4 Leonardo SpA
6.2.5 MD Helicopters Inc.
6.2.6 Robinson Helicopter Company
6.2.7 Enstrom Helicopter Corporation
6.2.8 Rostec (Russian Helicopters)
6.2.9 Schweizer RSG
6.2.10 Kaman Corporation
6.2.11 Kawasaki Heavy Industries Ltd
6.2.12 Aviation Industry Corporation of China Ltd
6.2.13 Hindustan Aeronautics Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
1.1 Study Assumptions
1.2 Scope of 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 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Maximum Take-off Weight
5.1.1 Light Helicopters
5.1.2 Medium Helicopters
5.1.3 Heavy Helicopters
5.2 Application
5.2.1 Government
5.2.2 Search and Rescue
5.2.3 Fire Service
5.2.4 Law Enforcement
5.2.5 Emergency Medical Service
5.2.6 Coast Guard
5.2.7 Border Patrol
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 Russia
5.3.2.5 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 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 South Africa
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 Textron Inc.
6.2.3 Lockheed Martin Corporation
6.2.4 Leonardo SpA
6.2.5 MD Helicopters Inc.
6.2.6 Robinson Helicopter Company
6.2.7 Enstrom Helicopter Corporation
6.2.8 Rostec (Russian Helicopters)
6.2.9 Schweizer RSG
6.2.10 Kaman Corporation
6.2.11 Kawasaki Heavy Industries Ltd
6.2.12 Aviation Industry Corporation of China Ltd
6.2.13 Hindustan Aeronautics Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
