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.
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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The key players profiled in this helicopter market report include Airbus, Bell Textron Inc, Helicopteres Guimbal, Kaman Corporation, Kawasaki Heavy Industries Ltd, Leonardo SpA, MD Helicopters Inc, Mitsubishi Heavy Industries Ltd, Robinson Helicopter Company, and The Boeing Company.
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.
On the basis of weight, the helicopter market is bifurcated into lightweight, medium weight, and heavyweight. The lightweight segment garnered the highest revenue in 2021, owing to rise in demand for lightweight helicopters across several applications 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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