Asia Pacific Helicopter MRO Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, and Line Maintenance), Helicopter Type (Light Helicopter, Medium Helicopter, and Heavy Helicopter), and End Users (Commercial and Military)


No. of Pages: 77    |    Report Code: BMIRE00030094    |    Category: Aerospace and Defense

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Asia Pacific Helicopter MRO Market

The Asia Pacific helicopter MRO market was valued at US$ 8,983.26 million in 2022 and is expected to reach US$ 15,795.91 million by 2030; it is estimated to grow at a CAGR of 7.3% from 2022 to 2030.

Growing Demand for Helicopters in Southeast Asia Fuels Asia Pacific Helicopter MRO Market.

The aviation industry in Asia Pacific is constantly growing owing to rising income levels in the region. The demand for helicopters in the region, especially in southeastern countries, is growing. The demand for helicopters for commercial and military applications is growing significantly in countries such as Thailand, Singapore, Malaysia, Indonesia, and others. One of the notable commercial applications is growing offshore energy production activities in Southeast Asian countries, which has increased in the past few years owing to the rising demand for energy. As per the data published in the American Journal of Transportation in 2023, southeast Asia's renewable energy investments are expected to surpass US$ 76 billion by 2025. Thus, the demand for helicopters is projected to increase, ultimately driving the demand for helicopter MRO services. In May 2023, Malaysia's Weststar Aviation Services bought five new Leonardo AW139 intermediate twin-turbine helicopters to add to its existing fleet. The AW139s will serve Weststar's offshore energy support business. Weststar operates more than 35 Leonardo AW139, AW169, and AW189 helicopters from bases in Malaysia, Indonesia, and other countries. According to the Vice President and head of sales for Asia Pacific of Airbus Helicopters, the company plans to expand its presence in Thailand over the next ten years due to rising demand for light and medium lift helicopters in Thailand. According to Airbus's demand analysis for 2023, Thailand's in-service fleet in the military and public service sectors is predicted to rise by 20% over the following ten years. Apart from Airbus, many other helicopter manufacturers and fleet operators are focusing on business expansions in Southeast Asia. In October 2023, TAG Aviation opened a new office in Singapore. According to the company's official statement, increased demand for its services in Singapore and Southeast Asia has driven the business expansion strategies of the company. In June 2023, Korea Aerospace Industries Co. signed a preliminary agreement with Vietnam's Viettel Aerospace Institute to collaborate in the development and production of helicopters, which is likely to pave the stage for KAI's entry into Southeast Asia's aircraft industry. Thus, continuously growing demand for helicopters in commercial and military applications in Southeast Asia is expected to generate lucrative opportunities for the helicopter MRO market in Asia Pacific during the forecast period.

Asia Pacific Helicopter MRO Market Overview

The Asia Pacific helicopter MRO market is growing at the highest CAGR owing to the rising demand for civil and military helicopters. In Asia Pacific, more than 61% of the helicopters are owned and operated by four countries-China, Australia, Japan, and New Zealand. Overall, Australia has the largest market for helicopters, followed by Japan, with most helicopters from Airbus and Leonardo. 

China represents the largest number of helicopters, reaching 913 in 2023, according to the Insight Partners Analysis. The growing number of contracts for the adoption of new helicopters in Asia Pacific has created a massive demand for helicopter MRO services across China and India. For instance, in April 2023, Airbus Helicopters signed a contract with GDAT, China's helicopter operators, for the adoption of the 50 H160 helicopters. This contract was made to order H160 on the civil helicopter. The companies also signed a strategic partnership to procure the helicopter H160 in China.

Asia Pacific Helicopter MRO Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Helicopter MRO Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Helicopter MRO Strategic Insights

Strategic insights for the Asia Pacific Helicopter MRO provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Helicopter MRO Report Scope

Report Attribute Details
Market size in 2022 US$ 8,983.26 Million
Market Size by 2030 US$ 15,795.91 Million
Global CAGR (2022 - 2030) 7.3%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Component
  • Airframe Maintenance
  • Engine Maintenance
  • Component Maintenance
  • Line Maintenance
By Helicopter Type
  • Light Helicopter
  • Medium Helicopter
  • Heavy Helicopter
By End Users
  • Commercial and Military
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Airbus SE
  • Elbit Systems Ltd
  • Israel Aerospace Industries Ltd
  • Leonardo SpA
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    Asia Pacific Helicopter MRO Regional Insights

    The geographic scope of the Asia Pacific Helicopter MRO refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia Pacific Helicopter MRO Market Segmentation 

    The Asia Pacific helicopter MRO market is segmented based on component, helicopter type, end users, and country. Based on component, the Asia Pacific helicopter MRO market is segmented into airframe maintenance, engine maintenance, component maintenance, and line maintenance. The engine maintenance segment held the largest market share in 2022. 

    In terms of helicopter type, the Asia Pacific helicopter MRO market is segmented into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held the largest market share in 2022.

    By end users, the Asia Pacific helicopter MRO market is bifurcated into commercial and military. The military segment held a larger market share in 2022.

    Based on country, the Asia Pacific helicopter MRO market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific helicopter MRO market share in 2022. 

    Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA are some of the leading companies operating in the Asia Pacific helicopter MRO market. 

    The List of Companies - Asia Pacific Helicopter MRO Market

    1. Airbus SE

     

    2. Elbit Systems Ltd

    3. Israel Aerospace Industries Ltd

    4. Leonardo SpA

    Frequently Asked Questions
    How big is the Asia Pacific Helicopter MRO Market?

    The Asia Pacific Helicopter MRO Market is valued at US$ 8,983.26 Million in 2022, it is projected to reach US$ 15,795.91 Million by 2030.

    What is the CAGR for Asia Pacific Helicopter MRO Market by (2022 - 2030)?

    As per our report Asia Pacific Helicopter MRO Market, the market size is valued at US$ 8,983.26 Million in 2022, projecting it to reach US$ 15,795.91 Million by 2030. This translates to a CAGR of approximately 7.3% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Helicopter MRO Market report typically cover these key segments-

    • Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, Line Maintenance)
    • Helicopter Type (Light Helicopter, Medium Helicopter, Heavy Helicopter)
    • End Users (Commercial and Military)

    What is the historic period, base year, and forecast period taken for Asia Pacific Helicopter MRO Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Helicopter MRO Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in Asia Pacific Helicopter MRO Market?

    The Asia Pacific Helicopter MRO Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Airbus SE
  • Elbit Systems Ltd
  • Israel Aerospace Industries Ltd
  • Leonardo SpA
  • Who should buy this report?

    The Asia Pacific Helicopter MRO Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Helicopter MRO Market value chain can benefit from the information contained in a comprehensive market report.