According to a new report published by Allied Market Research, titled, “Helicopters Market,” The helicopters market was valued at $20.36 billion in 2021, and is estimated to reach $39.87 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.
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Key Market Players
- Airbus
- Bell Textron Inc
- Helicopteres Guimbal
- Kaman Corporation
- Kawasaki Heavy Industries Ltd
- Leonardo SpA
- MD Helicopters Inc
- Mitsubishi Heavy Industries Ltd
- Robinson Helicopter Company
- The Boeing Company
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North America was the highest revenue contributor. The U.S. dominated the global helicopter market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, precise, and efficient helicopter components. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced helicopter systems by several Asian nations, for instance, China, India, Japan, and South Korea.
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By type, the helicopter market has been categorized into civil & commercial and military. The civil & commercial segment accounted for the highest revenue in 2021, owing to high demand for civil & commercial helicopter services globally.
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KEY FINDINGS OF THE STUDY
- By type, the military segment is expected to register a significant growth during the forecast period.
- On the basis of weight, the heavy weight segment is anticipated to exhibit significant growth in future.
- On the basis of number of engines, the twin engine segment is anticipated to exhibit significant growth in future.
- According to application, the oil and gas segment is projected to lead the global helicopter market.
- Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
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Aircraft Engines Market: https://www.alliedmarketresearch.com/aircraft-engines-market
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