Air Crane Helicopter Market Development Plans, Business Outlook, Size, Key Analysis, Types, Trending Technologies by 2027 – The Host

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The global aerial crane helicopter market size is expected to reach $ 3.22 billion by 2027, with a CAGR of 3.86% during the forecast period. The increasing frequency of forest fires will be a primary factor in the growth of this market, shares Fortune Business Insights ™ in its report, titled “Airlift Helicopter Market Size, Industry Share and Analysis, by Application (Powerline Construction, Aerial Fire Fighting, Oil & Gas, Logistics Operations, Others), Endurance (Up to 5,000ft and up to 10,000 feet), external load capacity (Up to 3,000 pounds, up to 6,000 pounds, up to 12,000 pounds and up to 15,000 pounds), end user (civil, commercial and military ) and regional forecasts, 2020-2027”. Forest fires, although a natural phenomenon, have increased in intensity and frequency over the past decades due to rampant development activities, which have further fueled climate change and global warming. For example, according to data analyzed by NASA, in the western states of the United States, 61% of forest fires have occurred since 2000, and the size of the fires has also increased steadily. Overhead crane helicopters are essential for extinguishing fires and rescuing people when such incidents occur. For example, Erickson Incorporated deployed six of its Air Crane helicopters to combat bushfires in Australia in January 2020. Thus, the growing demand for lifting rotorcraft to combat wildfires will significantly expand the market reach in the areas of forest fires. years to come.

The report states that the global market was worth $ 2.81 billion in 2019 and provides the following:

  • Granular research on key market drivers and trends;
  • Careful assessment of market constraints;
  • Accurate calculation of relevant market figures; and
  • Tangible information on regional dynamics and the competitive environment of the market.

Market restriction

Declining demand for oil amid COVID-19 crisis to limit market growth

Overhead crane helicopters are widely used by the oil and gas industry to transport men and equipment to offshore well sites. They also play a key role in facilitating the construction of offshore oil and gas platforms and, as a result, companies and governments are investing heavily in these rotorcraft. However, the COVID-19 pandemic has cast a shadow over the growth of the air-crane helicopter market. The pandemic, due to the unprecedented global economic slowdown, has triggered extreme volatility in crude oil prices, mainly resulting from a sharp drop in demand. According to the International Energy Agency (IEA), global oil demand will stand at 91.7 million barrels per day (bpd) for the remainder of 2020, indicating a contraction of 8.4 million bpd in year-over-year. In addition, oil prices, observes the IEA, have fallen by 40% since the start of the year, which will translate into lower investments and the postponement or cancellation of projects. Cumulatively, these factors will limit the growth of this market, as oil and gas is a major end-use industry where transport helicopters are used extensively.

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Regional perspectives

North America to occupy an important market position supported by a robust aviation industry

North America dominated the aerial crane helicopter market share in 2019, with a market size of $ 1.05 billion. The region is expected to continue to dominate over the forecast period, mainly due to the presence of a well established and thriving aviation industry. In addition, the recent wildfires in the United States have increased the need for efficient firefighting equipment and aircraft, which will create favorable growth conditions for this market.

The market in Asia Pacific is expected to show healthy growth due to the increasing deployment of aerial cranes to combat bushfires in Australia. The rapid growth of the aviation industry in India and China will further enhance market prospects in the region. In Europe, the market will benefit from the continued expansion of offshore operations in the domestic oil and gas industry.

Competitive landscape

Key players in meeting the high demand for helicopter lifting to mitigate forest fire-related disasters

The development and deployment of advanced aerial crane helicopters to mitigate forest fires caused by disasters is currently the core focus of key players in this market. Companies strategically invest in R&D to design holistic rotorcraft solutions to strengthen and expand their market position.

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Industry Developments:

  • May 2020: Kaman Corporation announced that the US Forest Service awarded 40% of all exclusive helicopter use contracts to K-MAX helicopter operators. The helicopter was developed by Kaman for external cargo loading operations, which will be critical in fighting forest fires.
  • February 2020: Erickson Incorporated has partnered with Sikorsky, a Lockheed Martin company, to develop next-generation firefighting solutions. Under the agreement, Erickson will use Sikorsky’s MATRIX ™ range technology to increase awareness and cockpit safety for day and night operations.

List of Major Players Covered In The Air Helicopter Market Report:

  • Textron, Inc. (US)
  • Lockheed Martin Corporation (United States)
  • Erickson Incorporated (United States)
  • Russian helicopters (Russia)
  • KAMAN CORPORATION (United States)
  • Airbus SAS (Netherlands)

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