The helicopter market will witness a modest growth rate during the forecast period. Continuous procurements of the helicopter by the military are providing a modest growth and strength to the helicopter market. Moreover, increasing commercial usage of the helicopter such as for emergency medical services, taxi services, personal usage is providing a significant growth to the market. It is due to the increasing need for faster solutions in urban transportation. Traffic congestion is one of the biggest mobility issues in recent times primarily at certain peak hours due to heavy traffic congestions. According to the World Economic Forum, in 2018, in the US the total productivity loss due to traffic congestion was around $87 billion. Moreover, India loses around $21.3 billion annually due to traffic congestion. Due to this, the millionaires and billionaires are using air taxi service for transportation. Thus, augmenting the demand of the helicopters all across the globe.
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In October 2019, Uber Inc. has taken a big step in urban air mobility and introduced helicopter taxi service, The Uber Copter in New York, the US. It transports passengers from lower Manhattan to John F. Kennedy (JFK) International Airport within eight-minutes. The price of each trip is around $200-$250 as per the demand. In addition, the increased investments by private and public organizations for the development of advanced transportation systems and the rising number of urban mobility projects augmenting the helicopter market.
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Market Segmentation
Global Helicopter Market by End-User
• Military
• Government & Homeland Security
• Commercial
Global Helicopter Market by Application
• Security
• Surveillance
• Transportation
• Emergency Medical Services (EMS)
• Other
Global Helicopter Market by Type
• Light Weight
• Medium Weight
• Heavy Weight
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Italy
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Airbus SE
• BAE Systems plc
• Bell Textron Inc.
• Hindustan Aeronautics Ltd.(HAL)
• Kawasaki Heavy Industries, Ltd.
• Korea Aerospace Industries, Ltd.
• Leonardo S.p.A
• Lockheed Martin Corp.
• MD Helicopters, Inc.
• Russian Helicopters, JSC
• Thales Group
• The Boeing Co.
• The Robinson Helicopter Co.
• Cicaré S.A
• Kaman Corp.
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