Helicopter Market Report 2024 (Global Edition)

Global Helicopter Market Report 2024 Market Size Split by Type (Military , Heavy Helicopters ( >8.5 Tons) , Medium Helicopters (4.5 -8.5 Tons) , Light Helicopters ( <4.5 Tons) , Civil & Commercial...

Helicopter Market Report Description

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Competitive Landscape of the Helicopter Market

The Helicopter market is intensely competitive, with key players driven by technological advancements, innovation, and a focus on efficiency and reliability. Market players strive to expand their global presence, offering comprehensive solutions and services to meet the diverse needs of helicopter infrastructure projects worldwide.

Helicopter Industry News

December 2022—The U.S. Army has awarded Bell Textron Inc. a contract to construct a new long-range assault aircraft. Valued at up to USD 1.3 billion, the contract was won against a joint team from Lockheed Martin Corp. and Boeing Co. and will replace the famous Black Hawk helicopters by 2030.

(Source: https://investor.textron.com/news/news-releases/press-release-details/2022/Textrons-Bell-V-280-Valor-Chosen-as-New-U.S.-Army-Long-Range-Assault-Aircraft/default.aspx)

Top Companies Market Share in Helicopter Industry: (In no particular order of Rank)

• Airbus S.A.S (Netherlands)
• Textron Inc. (U.S.)
• Leonardo S.p.A. (Italy)
• Lockheed Martin Corporation (U.S.)
• The Boeing Company (U.S.)
• Rostec (Russia)
• The Robinson Helicopter Company. (U.S.)
• Kawasaki Heavy Industries Ltd. (Japan)
• Hindustan Aeronautics Limited. (India)
• Kaman Corporation (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Helicopter

Which Region will dominate the Helicopter Market in 2024?

According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. It is due to the strong presence of leading helicopter manufacturers and operators. Civil applications, including emergency medical services, law enforcement, and offshore operations, further bolster demand. Technological advancements, such as the integration of advanced avionics and autonomous capabilities, enhance operational efficiency and safety. Moreover, increasing investments in infrastructure development and aerial firefighting capabilities amplify market opportunities. Overall, North America's helicopter market exhibits promising growth prospects, propelled by a combination of military, civil, and technological advancements.

which is Expanding at the Fastest CAGR?

The European region is witnessing the fastest growth due to the increasing demand for civil applications like emergency medical services, corporate travel, and tourism. Military modernization initiatives also contribute significantly to market expansion. Europe's well-developed infrastructure, stringent safety regulations, and established aerospace industry further bolster market growth. Moreover, rising investments in research and development for advanced technologies like electric and autonomous helicopters underscore the region's potential. Despite challenges such as regulatory complexities and economic uncertainties, Europe's helicopter market is poised for steady growth, offering lucrative opportunities for stakeholders across various segments.

The current report Scope analyzes Helicopter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Helicopter Market

According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD 22860.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. In North America, Helicopter sales dominate, fuelled by military modernization efforts, including the need for advanced rotorcraft for defense and security applications. Civilian demand is fueled by growth in emergency medical services, law enforcement, and corporate transportation sectors. Additionally, technological advancements, such as increased efficiency and safety features, propel market expansion. Furthermore, the region's robust infrastructure and favorable regulatory environment further bolster growth opportunities for helicopter manufacturers and operators in North America.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Helicopter market, with a market size of USD 18036.92 million in 2024. Due to law enforcement operations and corporate transportation, the market is projected to grow at a CAGR of 2.0% during the forecast period. 
• The Canada Helicopter market had a market share of USD 2743.26 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's government initiatives promote infrastructure development in remote regions, which further fuels market growth.
• The Mexico Helicopter market is projected to grow at a CAGR of 2.7% during the forecast period, with a market size of USD 2080.30 million in 2024.

 

Europe Helicopter Market

Cognitive Market Research shows a market value of USD 57151.2 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 17145.36 million. Europe’s growth is driven by increasing demand for natural gas due to increasing demand for emergency medical services, search and rescue operations, and law enforcement applications. Additionally, growth in tourism and corporate travel fuels demand for helicopter charter services. Technological advancements, such as improved fuel efficiency and reduced noise levels, also contribute to market expansion. Furthermore, military modernization programs and defense spending bolster the market, with Europe being a key region for defense procurement and homeland security initiatives, further propelling the helicopter industry.

• The United Kingdom Helicopter market had a market share of USD 2880.42 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Increased fuel efficiency and reliability propel helicopter sales in the UK. 
• The France Radar Mitigation Systems market is projected to grow at a CAGR of 1.7% during the forecast period, reaching USD 1577.37 million in 2024.
• According to Cognitive Market Research, the German Helicopter market was valued at USD 3394.78 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Helicopter sales surged due to advancements in technology, such as lightweight materials and fuel-efficient engines. 
• The Italy Helicopter market is projected to grow at a CAGR of 1.9% during the forecast period, with a market size of USD 1474.50 million in 2024.
• The Russian Helicopter market is projected to grow at a CAGR of 1.5% during the forecast period, with a market size of USD 2657.53 million in 2024.
• The Spain Helicopter market is projected to grow at a CAGR of 1.6% during the forecast period, reaching a market size of USD 1405.92 million in 2024.
• The Luxembourg Helicopter market is projected to grow at a CAGR of 2.6% during the forecast period, with a market size of USD 531.51 million in 2024.
• The Portugal Helicopter market is projected to grow at a CAGR of 2.3% during the forecast period, with a market size of USD 360.05 million in 2024.
• The Greece Helicopter market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD 205.74 million in 2024.
• The Rest of Europe's Radar Mitigation Systems market is projected to grow at a CAGR of 1.2% during the forecast period, reaching USD 2657.53 million in 2024.

Asia Pacific Helicopter Market

According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which Asia Pacific held the Market of around 23% of the global revenue with a market size of USD 13144.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. The Asia Pacific region is experiencing growth due to rapid urbanization and increasing demand for emergency medical services (EMS) in densely populated regions. Additionally, expanding tourism industries in countries like Thailand and Indonesia are boosting demand for helicopter charter services. Military modernization efforts across the region are also significant contributors to market expansion, driven by territorial tensions and security concerns. Moreover, advancements in technology and infrastructure development further stimulate market opportunities in this dynamic region.

• According to Cognitive Market Research, the China Helicopter market size was valued at USD 5915.15 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Helicopter sales surged in China due to growth in tourism and infrastructure development.
• The Japan Helicopter market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 1813.98 million in 2024. The demand is augmented by Japan's government initiatives to modernize infrastructure and enhance national security.
• The India Helicopter market had a market share of USD 1577.37 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. 
• The South Korean Helicopter market is projected to grow at a CAGR of 5.1% during the forecast period, with a market size of USD 1314.48 million in 2024.
• The Australian Helicopter market is projected to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 683.53 million in 2024.
• The Southeast Asia Helicopter market is projected to grow at a CAGR of 7.0% during the forecast period, with a market size of USD 906.99 million in 2024.
• The Rest of the Asia Pacific Helicopter market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 933.28 million in 2024.

South America Helicopter Market

According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 2857.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Helicopter sales in Latin America are experiencing growth due to increased demand for aerial surveillance, medical evacuation, and transportation in remote regions. Additionally, rising investments in infrastructure development and disaster relief efforts contribute to market expansion. Government initiatives to modernize defense forces and enhance border security further stimulate demand. Moreover, growing tourism activities in scenic locations create opportunities for helicopter charter services. Overall, these factors propel the growth trajectory of the helicopter market in Latin America.

• According to Cognitive Market Research, Brazil's Helicopter market size was valued at USD 1223.04 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Helicopter sales flourished in Brazil due to the expanding tourism industry and increasing focus on infrastructure development.
• The Argentina Helicopter market had a market share of USD 480.07 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's commitment to focus on enhancing transportation efficiency and accessibility fuels augments the demand.
• The Colombia Helicopter market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD 254.32 million in 2024.
• The Peru Helicopter market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of USD 234.32 million in 2024.
• The Chile Helicopter market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 205.74 million in 2024.
• The Rest of the Latin American helicopter market is projected to grow at a CAGR of 2.5% during the forecast period, reaching a market size of USD 460.07 million in 2024.

Middle East and Africa Helicopter Market

According to Cognitive Market Research, the global Helicopter market size was estimated at USD 57151.2 Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD 489.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. MEA experiences an upswing in Helicopter sales driven by expanding air medical services, search and rescue operations, offshore oil exploration, and military modernization initiatives. Increased demand for versatile rotorcraft solutions, especially in challenging terrains. Additionally, governmental investments in infrastructure and defense bolster procurement activities. Furthermore, rising tourism and VIP transportation need to contribute to the market's upward trajectory. Geopolitical tensions also play a role in stimulating demand for military and security applications, consolidating the region's position as a key market for helicopters.

 

• According to Cognitive Market Research, the GCC Countries' Helicopter market was valued at USD 489.21 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Helicopter sales flourish in the GCC Countries due to the growing investments in infrastructure, tourism, and defense.
• The Egypt Helicopter market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD 120.02 million in 2024.
• The South African Helicopter market is projected to grow at a CAGR of 4.7% during the forecast period, reaching USD 180.60 million in 2024. Helicopter sales flourish in South Africa due to aerial surveillance for wildlife conservation and medical emergency services.
• The Turkey Helicopter market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD 98.30 million in 2024.
• The Nigerian Radar Mitigation Systems market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD 120.02 million in 2024.
• The Rest of the MEA Helicopter market is projected to grow at a CAGR of 2.7% during the forecast period, reaching a market size of USD 134.88 million in 2024.
   

Helicopter Market Analysis

Helicopter Type Segment Analysis

According to Cognitive Market Research, the military held the major market share over the forecast period. Helicopters are primarily designed for defense and security purposes, including troop transport, combat operations, and search and rescue missions. They often feature advanced weaponry systems and specialized equipment tailored for military applications.

Civil and commercial are the fastest-growing categories over the forecast period. They serve a wide range of purposes, such as passenger and cargo transportation, emergency medical services, law enforcement, and aerial work operations like firefighting and construction. They prioritize efficiency, safety, and versatility to meet diverse civilian needs, contributing significantly to transportation infrastructure and various industries worldwide.

• Military 
• Heavy Helicopters ( >8.5 Tons) 
• Medium Helicopters (4.5 -8.5 Tons) 
• Light Helicopters ( <4.5 Tons) 
• Civil & Commercial 
• Heavy Helicopters ( >9.0 Tons) 
• Medium Helicopters (3.1 -9.0 Tons) 
• Light Helicopters ( <3.1 Tons) 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Helicopter Industry. Request a Free Sample PDF!

Helicopter Application Segment Analysis

According to Cognitive Market Research, the military holds a prominent market share. They serve diverse roles, including troop transport, logistics support, and search and rescue operations. They are also integral to combat missions, providing air support and tactical advantages on the battlefield.

Attack and reconnaissance Helicopters are the fastest-growing category over the forecast period. They are specialized in combat situations and equipped with advanced sensors and weapons systems for surveillance, targeting, and engaging hostile forces. These helicopters play a crucial role in modern warfare, offering rapid response capabilities and enhanced situational awareness to ground forces.

• Low-Pressure Application 
• Medium Pressure Application

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Helicopter Component & System Segment Analysis

According to Cognitive Market Research, the airframe holds a prominent market share. It encompasses the fuselage, wings, and tail assembly, which form the structural backbone of helicopters and influence performance and durability.

Aerostructures are the fastest-growing category over the forecast period. These include rotor blades and associated systems, which are vital for aerodynamic efficiency and flight stability. Understanding this segmentation aids in assessing market dynamics, such as demand trends, technological advancements, and competitive landscapes.

• Airframe 
• Aerostructures 
• Main Rotor Systems 
• Cabin Interiors 
• Anti-torque Systems 
• Transmission Systems 
• Electrical Systems 
• Hydraulic Systems 
• Avionics 
• Stability Augmentation Systems 
• Flight Control Systems 
• Undercarriages 
• Environment Control Systems 
• Emergency Systems 
• Special-purpose Systems 
• Engines

Helicopter Number of engines Segment Analysis

According to Cognitive Market Research, the twin engine holds a prominent market share. They offer enhanced safety and reliability through redundancy, making them preferred for missions requiring increased resilience, such as offshore operations or emergency medical services.

Single engine is the fastest-growing category over the forecast period. They are valued for their simplicity, lower operational costs, and suitability for light to medium-duty tasks like aerial photography or personal transportation.

• Twin Engines 
• Single Engines

Helicopter Aftermarket by Component & System Segment Analysis

According to Cognitive Market Research, aerostructures hold a prominent market share. These form the structural framework of helicopters, encompassing fuselage, wings, and other essential components, impacting overall performance and durability.

Main rotor systems are the fastest-growing category over the forecast period. These systems, comprising blades, hubs, and transmission, are critical for lift generation and maneuverability. Understanding the interplay between aerostructures and main rotor systems is crucial for assessing helicopter performance, safety, and efficiency.

• Aerostructures 
• Main Rotor Systems 
• Avionics 
• Landing Gear Systems 
• Emergency Systems 
• Cabin Interiors 
• Actuators 
• Filters

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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