Helicopter Market Revenue to Cross $39B by 2027; Global Market Insights, Inc.

Global Market Insights Inc. has recently added a new report on the helicopter market, which estimates the market valuation for helicopters will cross US $39 billion by 2027. Rising demand for recreational activities across the globe is likely to drive industry growth. An increase in the demand for travel and tourism has led to a significant increase in the demand for helicopters in the global market.
The helicopter industry is facing several difficulties due to the rapid spread of the COVID-19 pandemic across the globe. The industry has witnessed a steady decline in the sales of helicopters, owing to the restrictions imposed by various governments on trade activities. However, the market size is anticipated to witness substantial growth by 2021 owing to the economic revival and the containment of the virus.
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The engine segment is anticipated to witness significant growth during the forecast timeline. The growth can be attributed to the necessity of these components in the helicopters and increasing investments in R&D by various industry players. For instance, in June 2019, Safran Helicopter Engines accomplished European Aviation Safety Agency (EASA) certification for the Airbus H160 twin-engine helicopter of the Arrano turboshaft.
The Asia Pacific helicopter market is expected to witness a sizable growth during the forecast timeline owing to the rapid increase in government spending on the public, private, and defense sectors. Changing government regulations toward existing aviation policies will propel the demand for helicopters. For instance, in 2017, China represented approximately 60 favored policies in the general aviation segment, claiming to meet the prerequisite for private flights, short-term aviation, search & rescue, and entertainment.
The players active in the helicopter market are Vietnam Helicopter Corporation, Lockheed Martin Corporation, Babcock International Group PLC, Robinson Helicopter Company, Boeing, Hindustan Aeronautics Limited (HAL), Airbus Helicopters SAS, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Ltd., Bell Helicopter, Md Helicopters, and Universal Helicopters. These players focus on strategic partnerships and collaborations to enhance the market revenues and attain a maximum market share.
Some major findings in the helicopters market report include:      
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Partial chapters of report table of contents (TOC):
Chapter 3   Helicopter Industry Insights
3.1    Introduction
3.2    Industry segmentation
3.3    Impact analysis of COVID-19 pandemic
3.3.1    Global outlook
3.3.2    Regional impact    North America    Europe    Asia Pacific    Latin America    MEA
3.3.3    Impact on industry value chain    Manufacturing    Research & development    Supply    Marketing
3.3.4    Competitive landscape    Strategy    Distribution network    Business growth
3.4    Market Evolution
3.5    Industry ecosystem analysis
3.6    Technology & innovation landscape
3.6.1    Hybrid electric propulsion
3.6.2    Autonomous flight technology
3.6.3    Electronic flight Instrument (EFI)
3.7    Regulatory landscape
3.7.1    North America    ISO 9001:2015 with Design    Federal Aviation Administration (FAA), Department of Transportation    Title 14, Code of Federal Regulations (14 CFR)    Section 25.571-Damage-tolerance and fatigue evaluation of structure    Section 25.903-Engines    Section 25.905-Propellers    Section 27.653 Pressure venting and drainage of rotor blades:    Section 27.659 Mass balance:    Section 27.661 Rotor blade clearance:
3.7.2    Europe    European Union Aviation Safety Agency (EASA)    CS-27 – Easy Access Rules for Small Rotorcraft    CS-27.33 – Main rotor speed and pitch limits    CS 27.653 Pressure venting and drainage of rotor blades    CS 27.659 Mass balance    CS 27.661 Rotor blade clearance    CS 29.691 Autorotation control mechanism    CS 27.723 Shock absorption tests
3.7.3    Asia Pacific    Director General of Civil Aviation
3.7.4    Latin America
3.7.5    MEA    General Civil Aviation Authority (GCAA)    CAR OPS 3 Sub Part M Helicopter Maintenance    CAR Part VIII Sub Part 8 Search & Rescue Service Regulations    General Requirements    CAR-OPS 3 Operational regulations (Commercial & Private Air Transportation)    Operating requirements
3.8    Industry impact forces
3.8.1    Growth drivers    Growing demand for helicopter fleet upgradation across the globe    Rising penetration of helicopters for Emergency Medical Services (EMS) in North America and Europe    Increasing government initiatives to enhance indigenous manufacturing capabilities in Asia Pacific    Steadily increasing military sector spending in Asia Pacific and Latin America    Supportive government regulations for defense sector    Proliferation of helicopters in commercial aviation across MEA
3.8.2    Industry Pitfalls    High operational cost of helicopter    Limited short-range transportation
3.9    Growth potential analysis
3.10    Porter’s analysis
3.10.1    Supplier power
3.10.2    Buyer power
3.10.3    Threat of new entrants
3.10.4    Threat of substitutes
3.10.5    Internal rivalry
3.11    PESTEL Analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.