NEWARK, Del, Oct. 31, 2022 (GLOBE NEWSWIRE) -- The global commercial helicopter market is expected to reach a valuation of US$ 11.5 Bn by 2032, with the market expanding at a positive CAGR of 6.4% from 2022 to 2032. Valued at US$ 5.9 Bn in 2021, the target market is expected to reach an estimated US$ 6.2 Bn in 2022. The elevated need for commercial helicopters in emergency services, VIP transport, military and defense activities, and oil and gas rigs as well as the replacement of older fleets propel the growth of the commercial helicopter market during the forecast period.
Helicopters ensure greater connectivity and liveability of cities which propels the market prospects for the same. The use of small aircraft in urban spaces at low altitudes bolsters connectivity and liveability of these urban cities by lessening congestion on important routes in cities. This augments the global sales of commercial helicopters. Besides, these helicopters- particularly the light type- are witnessing heightened demand from the public safety & law enforcement segment. Again, the use of electric power by these helicopters is improving safety, reducing the cost of operation, and lessening the noise component.
Request A Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3655
In addition, hybridized helicopters, which utilize the benefits of electric power along with capitalizing on the advantages of traditional aircraft exhibit strong market potential which, in turn, boosts the market prospects of commercial helicopters. These hybrid helicopters are good for the environment as they improve fuel economy and assist with emission reduction. All of these factors foster an atmosphere of growth for the commercial helicopter market during the forecast period.
“Rising need for replacement of older fleets along with a demand for advanced models of the target product will drive the global growth of the commercial helicopter market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The commercial helicopter market in the United States will grow at 5.5% CAGR, reaching US$ 3.9 Bn by 2032.
- In Europe, the commercial helicopter market is predicted to expand at a CAGR of 6%, arriving at a value of US$ 2.8 Bn during the assessment period.
- By type, the light commercial helicopter segment is anticipated to register a CAGR of 6% during 2022-2032.
- Based on application, the public safety and law enforcement segment is leading the market with a CAGR of 5.5% during the forecast period.
Customization Before Buying, Visit@ https://www.futuremarketinsights.com/customization-available/rep-gb-3655
Competitive Landscape
Airbus S.A.S., Bell Helicopter Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and Robinson Helicopter Company among others are some of the major players in the commercial helicopter market profiled in the full version of the report.
Key market players are concentrating on improving their current models, enhancing safety, and capitalizing on new technologies to cater to consumer demands. These firms are increasing investment in R&D activities for the automation of certain parts of the flying process to lessen the burden on the pilot. Joint ventures, agreements, and collaborations are certain other tactics adopted by some of these market participants.
More Insights into Commercial Helicopter Market Report
In its latest report, FMI offers an unbiased analysis of the global commercial helicopter market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (light, medium, heavy, very large), application (oil & gas, medical services, transport, law enforcement & public safety, other applications), and region.
According to the latest FMI reports, based on segmentation, the light commercial helicopters segment will register heightened demand and grow at a CAGR of 6% during the projected period. These types of helicopters are of great need in police operations, surveillance, aerial inspections, and archeological or geographical surveys. In terms of application, the public safety and law enforcement segment is leading the market with a registered CAGR of 5.0% in the past. This segment is predicted to register a CAGR of 5.5% during the projected period.
Based on region, the commercial helicopters market in the European region will exhibit considerable growth during 2022-2032. The target market is expected to grow at a CAGR of 6% in Europe owing to a surge in defense and emergency service spending. Increasing political tensions and the need to replace the aging fleet further aid the growth of the target market in this region. Thus, the commercial helicopter market will likely reach an estimated value of US$ 2.8 Bn in Europe by the end of 2032. In terms of country, the United States is anticipated to demonstrate remarkable market growth with a CAGR of 5.5% during 2022-2032.
Report Preview@ https://www.futuremarketinsights.com/reports/commercial-helicopter-market
Market Segments Covered In Commercial Helicopter Market Analysis
Commercial Helicopters Market by Type:
- Light
- Medium
- Heavy
- Very Large
Commercial Helicopters Market by Application:
- Oil & Gas
- Medical Services
- Transport
- Law Enforcement & Public Safety
- Other Applications
Commercial Helicopters Market by Region:
- North America Commercial Helicopters Market
- Latin America Commercial Helicopters Market
- Europe Preterm Commercial Helicopters Market
- Asia Pacific Commercial Helicopters Market
- Middle East & Africa Commercial Helicopters Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Ask an Analyst for More Info @ https://www.futuremarketinsights.com/ask-question/rep-gb-3655
Explore FMI’s Extensive Coverage on Automotive Domain:
Bicycle Light Market : The global bicycle light market is set to be valued at US$ 1,236.4 Mn in 2022. The market is projected to grow at a CAGR of 7.1% from 2022 to 2032. It is anticipated to reach a valuation of US$ 2,454.7 Mn by the end of 2032.
Automotive Air Intake Manifold Market : The global automotive air intake manifold market was worth nearly US$ 31,325.5 Mn in 2021 and is projected to grow at a CAGR of 4.9% over the forecast period (2022-2032). Sales in the market are slated to reach US$ 52,813.4 Mn by 2032.
Plug-in Hybrid Electric Vehicles (PHEV) Market : The global plug-in hybrid electric vehicles (PHEV) market is projected to have a healthy-paced CAGR of 18.5% during the forecast period. The current valuation of the market is US$ 69,720.5 Million in 2022.
Real-Time Parking System Market : The global real-time parking system market is likely to reach a valuation of US$ 40,523.3 Million in 2022. The overall market for real-time parking system is projected to grow at a robust CAGR of 8.9% between 2022 and 2032, totaling around US$ 96,406.7 Million by the end of 2032.
Helicopter Wheels Market : The helicopter wheels market is likely to record a strong CAGR of 7.2% during the forecast period. The helicopter wheels market is currently valued at US$ 1826.96 Mn in 2022 and is likely to reach US$ 3657.52 Mn by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
