Aerospace and Defense

Commercial Helicopter Market is Expected to Reach USD 13.60 Billion by 2030

Mar 2024

Aerospace and Defense

As per the report published by Kings Research, the global Commercial Helicopter Market was valued at USD 7.12 billion in 2022 and is projected to reach USD 13.60 billion by 2030, growing at a CAGR of 8.62% from 2023 to 2030.

The commercial helicopter market growth is influenced by several factors such as increasing demand for air transport, especially in urban and remote areas, which has propelled the need for commercial helicopters. Helicopters provide a flexible and efficient mode of transportation for a variety of purposes, including passenger transport, emergency services, search and rescue operations, and offshore oil and gas operations. Advances in aviation technology, including improvements in helicopter design, materials, and avionics, have improved the safety and effectiveness of commercial helicopters. The growth of the tourism industry and leisure activities, such as air travel, adventure tourism, and jet skiing, has boosted the demand for commercial helicopters. Government initiatives, regulations, and policies aimed at promoting air travel and supporting the aviation industry exert a significant impact on the commercial helicopter market. 

Key Insights

  • Based on type, the medium segment held the largest market value of USD 3.33 billion in 2022
  • Based on application, the transport segment is expected to generate the highest revenue of USD 5.50 billion by 2030
  • On the basis of region, the North America segment held the largest market share of 39.84% in 2022

Airbus launched helicopter to Provide New Levels of Comfort and Operational Simplicity

April 2021: Airbus launched its new five-rotor Airbus ACH145 and has since taken delivery of the helicopter. The aircraft represents the latest version of the H145 twin-engine light helicopter, which increases the load capacity by 150 kg while offering new levels of comfort and ease of operation.

Increased Demand for Helicopters from the Tourist Industry to Fosters Market Growth

With the growth of the global tourism industry, helicopters have become a popular choice for travelers seeking adventure sports. These helicopters offer the flexibility to reach such locations quickly and efficiently, overcoming the limitations of traditional ground transportation. These helicopters allow tourists to enjoy panoramic views of iconic landmarks, skylines, and natural landscapes. In addition, helicopters are often used for transportation purposes in the tourism industry as they provide an efficient means of transportation for travelers visiting island resorts, remote lodges, or areas with limited road infrastructure. These helicopters offer comfort, speed, and convenience, allowing tourists to maximize their time and explore more destinations within a limited amount of time, thus fostering the market outlook. The growing demand for helicopter services in the tourism industry has encouraged operators to expand their offerings. This includes the introduction of special tours, customizable itineraries, and luxury helicopter services based on travelers' expectations and preferences.

Technological Advancements Support Industry Expansion

Advances in helicopter technology have led to improved performance, efficiency, and safety, along with the integration of advanced avionics systems such as digital flight displays, GPS navigation, and autopilot capabilities. These technologies increase situational awareness, reduce pilot workload, and ultimately improve overall flight safety. The development of safety elements and systems has significantly improved the overall safety level of helicopters. These advancements include anti-collision fuel systems, enhanced rotor blade design, upgraded flight control systems, and improved pilot training programs. The development of autonomous and unmanned helicopter systems has presented lucrative growth opportunities in the business sector. The advent of electric and hybrid propulsion systems represents another major advancement in the commercial helicopter industry. Electric and hybrid helicopters, with their lower emissions, reduced operating costs, and quieter operation, hold great potential for the future of commercial helicopter transport.

North America Accounted the Largest Market Value of USD 2.84 Billion in 2022

The growth of the market in North America is supported by a proliferating demand for air ambulance services. This demand is mainly driven by a rising need for medically equipped helicopters with trained medical personnel to provide critical aid and transportation in emergency situations. The United States holds a significant position in offshore oil and gas exploration and production where commercial helicopters play a key role in supporting these operations by transporting personnel and equipment to offshore platforms and equipment. Commercial helicopters are widely used for aerial surveillance and inspection services in various industries across the region, including infrastructure, agriculture, and environmental monitoring. These helicopters are equipped with special sensors and cameras to capture high-resolution images and collect data for mapping, monitoring, and control.

Helicopter tourism has grown in popularity in the United States, especially in scenic areas and major tourist destinations. Helicopter tours offer a unique and exciting experience, allowing tourists to enjoy panoramic views and access remote locations that are inaccessible by other means of transportation. The U.S. commercial helicopter industry has witnessed major advances in technology, including the integration of advanced avionics systems, advanced safety features, and the development of electric and hybrid propulsion systems. These improvements aim to improve safety, efficiency and reduce environmental impact, thereby propelling regional market growth. The Federal Aviation Administration (FAA) plays a critical role in regulating the commercial helicopter industry in the United States. Safety rules and standards are constantly updated to ensure the safe operation of commercial helicopters. These trends reflect the changing needs of the various sectors that rely on commercial helicopters for their operations.

Market Vendors to Focus on Launching New Products through Several Collaborative Efforts

The global commercial helicopter market study reveals fragmentation, featuring key players such as Bell Textron Inc., Robinson Helicopter Company, Lockheed Martin Corporation, The Robinson Helicopter Company, Enstrom Helicopter Corp., Abu Dhabi Aviation, Enstrom Helicopter Corp, CHC Group LLC, Leonardo S.p.A., Airbus S.A.S., and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

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