The revenue of the global helicopter seating market was valued at US$1.7 bn in 2017 and is expected to rise to US$4.3 bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 09/13/2017 -- In the recent years, the use of helicopters has grown steadily in various sectors due to the high workload they can perform in diverse settings. This has promoted the helicopter seating market significantly, as helicopter seating has undergone consistent technological transformation, lending a solid push to the global helicopter seating market. To explore more vital factors and trends related to the market, a study titled "Helicopter Seating Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2017-2025" has been publicized to the wide repository of Market Research Hub (MRH). The study aims to provide comprehensive information on current market status along with opportunities for the helicopter seating market in the coming years. Moreover, the study also evaluates market size for the given forecast period in terms of revenue (US$ Mn).
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At first, this report starts with a clear description related to the research methodology and assumptions, followed by a precise executive summary. The research clearly states that global helicopter seating market has been a direct beneficiary of the steady growth exhibited by the aviation sector in recent years. Geographically, the research majorly focuses on some of the prime regions including North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. Asia Pacific, Middle East and Africa, and Latin America are key markets for the future and are expected to offer huge opportunities to the global helicopter seating manufacturers primarily due to the increasing demand for military helicopters in the aforesaid regions. In addition, North America is likely to remain the dominant contributor to the global helicopter seating market.
As per the findings, the revenue of the global helicopter seating market was valued at US$1.7 bn in 2017 and is expected to rise to US$4.3 bn by the end of 2025. The helicopter seating market witnessed to exhibit a strong 12% CAGR in the forecast period. The major driver of the global helicopter seating market is the increased safety in helicopters and decreasing rate in accidents due to numerous advancements in the helicopter seat manufacturing technology.
As the report proceeds, market segmentation for the global helicopter seating market is provided depending on different parameters. Depending on applications, the market is segregated into VIP, utility, and air medical applications. In addition, the report has been segmented based on type, which includes, passenger, crew and others. In future, the increasing use of helicopters in the transportation and tourism sectors is likely to be a vital driver for the global helicopter seating market.
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In the later part, the report explores major industry players in detail. This section covers profiles of Key players along with their company overview, financial overview, business strategies and recent developments. At present, the global helicopter seating market is consolidated with few large companies which include: Martin-Baker Aircraft Co. Ltd., Rockwell Collins, Inc., Stelia Aerospace, Zodiac Aerospace, Oregon Aero, Inc. and UTC Aerospace Systems.
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