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Civil Helicopter Market by Manufacturers, Regions, Type and Application, Forecast to 2023

 

Pune, India -- (SBWIRE) -- 11/07/2017 -- Market Highlights

The Global Civil Helicopter Market is growing at a steady pace. According to a recent study report published by the Market Research Future, The global market of Civil Helicopter will grow moderately over the forecast period. The market is forecasted to witness s slow but steady growth by 2023, which will be a surpassing growth at a moderate or even a slow CAGR during the projected period (2016 -2023).

In the recent years, there has been major focus on enabling the helicopters for operation in remote areas and in areas where airfields are under development or completely non-existent by using vertical take-off and landing capabilities. Moreover, the increasing demand for offshore transportation and demand for helicopters in Emergency Medical Services (EMS) & law enforcement are some of the major factors driving the market growth.

The current year was overwhelmed with unprecedented earthquakes, fires, hurricanes, flooding and other natural disasters. And the world witnessed an extensive wildfire season in British Columbia region, Chile, Portugal and California also reported historic fires and the wildfire seasons overall continued to get longer and more intense. In July this year, a series of lightning stroked the Caribu region igniting more than 150 fires within a few hours.

Major wildfires north of San Francisco triggered the largest mobilization of fire fighting air tankers and helicopters capable of waterbombing arrived in recorded time span to rescue. While the West Coast of North America was busy dealing these natural disasters; farther South America Region was oblivious about what is going to serve in their plates in the form of Massive Earthquake, on 7th. Sep this year, the strongest earthquake hit Mexico. And then followed the Hurricane Irma and Hurricane Maria affecting Atlantic and Caribbean respectively.

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The key players of the global civil helicopter market are Bell Helicopter Textron Inc., AVIC Helicopter Company, Airbus Helicopters, Leonardo Helicopters, MD Helicopters Inc., Korea Aerospace Industries Ltd., Hindustan Aeronautics Ltd., Enstrom Helicopter Corporation, Sikorsky Aircraft Corporation, Russian Helicopters JSC and Robinson Helicopter Company.

The North America region is expected to dominate the global civil helicopters market, mainly due increasing application for emergency medical services and offshore transportation. Moreover, the presence of established players in North America, also provides the region with an edge over other regions. As a result, increased investments by the major players have led to the growth of the civil helicopter market in this region.

Over the years, the civil helicopters have only acquired a meager share in the aerospace industry. However, the market for civil helicopters has witnessed significant growth, during the last five years, primarily due to the increasing government initiatives and security agencies. The commercial application of the civil helicopters has been driving the market growth over a period of time. In the recent years, there has been major focus on enabling the helicopters for operation in remote areas and in areas where airfields are under development or completely nonexistent by using vertical takeoff and landing capabilities. Moreover, the increasing demand for offshore transportation and demand for helicopters in Emergency Medical Services (EMS) and law enforcement, are some of the major factors leading to the growth of the market.

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The economic slowdown in 2008 had adversely impacted the civil helicopter market with severe decline in the number of delivered units. Thus, economic uncertainty is one of the major restraints for this market.

Global Civil Helicopters Market:

In the recent years, there has been major focus on enabling the helicopters for operation in remote areas and in areas where airfields are under development or completely nonexistent by using vertical takeoff and landing capabilities. Moreover, the increasing demand for offshore transportation and demand for helicopters in Express Mail Service (EMS) & law enforcement are some of the major factors driving the market growth.

The economic slowdown in 2008 had adversely impacted the civil helicopter market with severe decline in of the number of delivered units. Thus, economic uncertainties are major restraints for this market.

Market Research Analysis:
The North America region is expected to dominate the global civil helicopters market, mainly due increasing application for emergency medical services and offshore transportation. Moreover, the presence of established players in North America, also provides the region with an edge over other regions. As a result, increased investments by the major players have led to the growth of the civil helicopter market in this region.

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Table of Content
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis

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