The global helicopter market is anticipated to grow at a CAGR of 4.8% during the forecast period (2024-2031). The market growth is driven by the continuous procurements of helicopters by the military globally. Moreover, increasing commercial usage of the helicopter such as for emergency medical services, taxi services, and personal usage is considerably contributing to the market growth during the forecast period. Additionally, the increasing need for faster solutions in urban transportation, traffic congestion increased investments by private and public organizations for the development of advanced transportation systems, and the rising number of urban mobility projects augment the helicopter market.
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The global helicopter market is segmented by end-user (military, government & homeland security, commercial), by application (security, surveillance, transportation, emergency medical services, other), by type (lightweight, medium weight, heavyweight), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).
The US dominates the market during the forecast period as it has the largest defense budget globally. Moreover, the use of helicopters by Homeland Security, EMS, and for private transportation. Asia-Pacific is expected to exhibit substantial market growth by the increasing military expenditure in regional economies such as, China, India, Japan, South Korea, Australia, and Pakistan is expanding the market expansion. Moreover, the rising usage of helicopters for tourism and transportation, and the development of private medical infrastructure are propelling the regional market growth.
The key players in the global helicopter market are contributing significantly to the market growth by providing different types of products and increasing their geographical presence. The key players in the market include Airbus SE, BAE Systems plc, Bell Textron Inc., Kawasaki Heavy Industries, Ltd., Leonardo S.p.A, Lockheed Martin Corp., Russian Helicopters, JSC, Thales Group, The Boeing Co., and others.
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Recent Developments
- In November 2024, Global Medical Response placed an order for 28 Airbus helicopters, including six H125s, five H130s, 14 H135s, and three H145s, to expand its air medical fleet. The company will now operate a fleet of nearly 200 Airbus helicopters.
- In August 2024, Hindustan Aeronautics Limited and SAFHAL Helicopter Engines Pvt. Ltd. signed an airframer contract, to commence joint design, development, manufacture, supply, and support of a new generation high-power engine named Aravalli for the 13-ton Medium Lift class. It is an Indian Multi-Role Helicopter (IMRH) and the Deck-Based Multi-Role Helicopter (DBMRH), being designed & developed by HAL.
- In February 2024, Airbus Helicopters wrapped up the 2024 edition of Heli-Expo with 155 commitments, including 40 firm orders, from global customers. The orders included the contract with THC for up to 120 helicopters of various types, with a firm order for 8 H125s and 10 H145s as part of the agreement.
- In February 2024, MD Helicopters LLC showcased a four-seat expandable combat multi-mission TH/AH530 product line at the Singapore Airshow. The integrated mission system incorporates qualified weapon systems produced by L3H, Moog, and Curtiss Wright. The integrated weapon system is capable of firing guided and unguided rockets, and guided missiles like Hellfire.
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