Global Commercial Helicopter Market Report 2022

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Major players in commercial helicopter market are Airbus Helicopter, Bell Helicopter, Leonardo, Lockheed Martin Corporation, Russian Helicopters, MD Helicopters Inc., Robinson Helicopter Company, Kaman Corporation, Boeing, Korea Aerospace Industries Ltd, Sikorsky Aircraft Corporation, Textron Inc.

New York, 28 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Commercial Helicopters Global Market Report 2022” – https://www.reportlinker.com/p06240575/?utm_source=GNW
Enstrom Helicopter Corp. and Kawasaki Heavy Industries Ltd.

The global commercial helicopter market is expected to grow from $26.81 billion in 2021 to $28.66 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $42.80 billion in 2026 at a CAGR of 10.5%.

The commercial helicopter market includes sales of helicopters, helicopter parts and related services by entities that produce commercial helicopters for commercial purposes. The contract includes MRO (Maintenance, Repair and Overhaul) services provided by the manufacturers during the helicopter warranty period.

Only goods and services exchanged between entities or sold to final consumers are included.

The main types of commercial helicopters are light commercial helicopters, medium commercial helicopters and heavy commercial helicopters. According to a number of engines, helicopters are classified into single-engine and multi-engine which are used in oil and gas, transportation, medical services, law enforcement, public safety and others.

North America is the largest region in the commercial helicopter market in 2021. North America is expected to be the fastest growing region during the forecast period.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing use of helicopters in emergency medical services (EMS), search and rescue (SAR) and firefighting operations is expected to drive the growth of the commercial helicopter market.Air EMS creates a major portion of the medical transportation system that helps transport patients, equipment, supplies, and medical personnel across the medical network for urgent emergency transportation as well as long-distance scheduled transfers.

According to the MIT International Center for Air Transportation (ICAT), air ambulances transport approximately 400,000 patients by rotary wing and 150,000 by fixed-wing aircraft each year in the United States, compared to 36 million ground transports. Thus, the ever-increasing number of helicopters in EMS is one of the major drivers for the growth of the commercial helicopter market.

Strict regulatory standards for the manufacturing and development of helicopters are expected to limit the growth of the commercial helicopter market. Due to the strict rules in the aerospace industry, the aerospace maintenance process is highly regulated.

Authorities, including the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA), are responsible for safety standards, certification and control in the aerospace industry. For example, US-based Boeing, Sikorsky and Bell Helicopters must comply with Title 14, Part 27 and Part 29 of the FAA’s Code of Federal Regulations (CFR), which closely mirrors CS-27 and CS- 29.

Consequently, it is difficult for component manufacturers to meet strict regulatory standards and deliver quality results.

Major companies operating in the industry are focusing on introducing technological innovations to maintain their position in the competitive business environment, which is gaining popularity in the commercial helicopter market. For example, Bell, which is part of Textron, is developing a new technology called anti-torque (EDAT) to lessen the sound problem.

The new system guarantees improvements in safety and operating costs, as well as a decrease in noise compared to an aircraft with a conventional tail rotor. the conventional rotor configuration.

It offers key advantages to the traditional tail rotor.

In January 2020, Leonardo SpA, an Italian helicopter manufacturer acquired Kopter Group AG, a Swiss helicopter company for approximately $185 million. The acquisition will allow Kopter Group AG to finalize the development of the SH09, which is currently in its third prototype, and provide Leonardo SpA with a new aircraft type to add to its existing portfolio. Kopter Group AG is a Swiss-based helicopter manufacturer, which designed the SH09, a new generation single-engine helicopter.

Countries covered in Commercial Helicopters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and the United States.

Read the full report: https://www.reportlinker.com/p06240575/?utm_source=GNW

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