Helicopters are type of aircrafts, that use rotor blades to lift itself in upward direction and hover in the air. They also contain smaller blades that help to stabilize the aircraft. Helicopter does not require runway for landing and take-off, which is a major advantage over other aircrafts. Major factor driving growth of the global helicopters market is increasing use of helicopters for medical emergency, law enforcement, transport, search and rescue operations. However, low military budget allocation in developed countries may hamper growth of the global market.
The global helicopters market report has been segmented on the basis of type, application, and region. On the basis of type, the market is segmented into light, medium lift, and heavy lift. On the basis of application, the market is segmented into civil and commercial and military. Civil and commercial segment is sub-segmented into transport, rescue and medical support, and civil utility. Military segment is sub-segmented into attack, maritime, transport, medical, search and rescue, and training. Military segment dominates the global market in terms of revenue and expected to witness lucrative growth in the near future, due to high demand for tactical operations such as air to air combat, surveillance, and rescue operation.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, market in North America is dominates the global market in terms of revenue and expected to witness high growth over the forecast period, followed by Europe. Asia Pacific market is expected to register lucrative growth in terms of revenue in the near future, owing to increasing defense budget especially in emerging economies, coupled with rising terrorist activities. Additionally, increasing adoption of helicopter for civil purpose is another factor anticipated to witness growth of the helicopters market in Asia Pacific region.
Key players operating in the global helicopters market include Airbus Helicopters Inc., Bell Helicopter Textron Inc., Russian Helicopters JSC, Leonardo S.p.A., Lockheed Martin Corporation – Sikorsky, Kawasaki Heavy Industries, Ltd., Columbia Helicopters, Inc., The Boeing Company, MD Helicopters, Inc., and Korea Aerospace Industries, Ltd.