
Asia Pacific Helicopters Market
No. of Pages: 150 | Report Code: TIPRE00023537 | Category: Aerospace and Defense
No. of Pages: 150 | Report Code: TIPRE00023537 | Category: Aerospace and Defense
Geographically, the APAC helicopter market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The APAC helicopter market is expected to grow at the highest CAGR during 2021–2028. The growth of the market in the region is attributed to the continuous focus by the governments on strengthening their forces and operations with advanced equipment and technologies. Governments have been inviting manufacturers to provide advanced solutions for improving the helicopter fleet. They are investing in comprehensive and next generation military and commercial helicopters. China, India, Japan, South Korea, and Australia are among the key countries for the helicopter market in the region. The Indian Ministry of Defence and the Indian Coast Guard have been upgrading and advancing their military component by enhancing the military budget over a period. In 2015, China invested in enhancing the fleet by accepting the delivery of two S-76D helicopters at Sikorsky Aircraft's commercial helicopter center. The MOT’s helicopter fleet, which is the foundation of China's airborne search and rescue (SAR) maritime operations, consists of 16 S-76 helicopters, eight of which are S-76D aircraft. On a similar line, Australia is also improving its search and rescue (SAR) operation services by enhancing the capabilities and including advanced technology. All these trends are creating immense opportunity for the market players in the APAC helicopter market.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China, which is one of the leading aerospace manufacturing countries in the region, was one of the most affected countries in APAC during Q1 of 2020. Due to this, aircraft and aircraft component manufacturing facilities have been severely affected. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkably lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players. Currently, India is experiencing a massive outbreak of the second wave of COVID-19, leading the state governments to impose temporary lockdown measures. This factor is highlighting restrictions in helicopter production facilities. The helicopter manufacturers in India such as Hindustan Aeronautics Limited (HAL) and Tata Advanced Systems Limited (TASL), have been observing substantial disruption in the supply chain of several components, which is restraining the companies from producing pre-COVID production volumes. Hence, the domestic and international Helicopter market players supplying their products to HAL and TASL are witnessing a decline in sales.
Strategic insights for the Asia Pacific Helicopters 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.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 8,888.12 Million |
Market Size by 2028 | US$ 15,107.16 Million |
Global CAGR (2021 - 2028) | 7.9% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Helicopters 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.
The APAC helicopters market is expected to grow from US$ 8,888.12 million in 2021 to US$ 15,107.16 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. Surging military expenditure on advanced and lightweight helicopters will fuel the market growth in coming years. The swift change in modern-day warfare has been urging the governments to allocate higher amounts toward respective military forces. The budget allocated to military helps the military forces to engage themselves in the development of robust indigenous technologies and procurement of advanced weapons, armaments, vehicles, and other equipment from international manufacturers. There is a rise in modernization of soldiers and military vehicles among most of the military forces in order to keep the personnel and vehicles mission ready. With an objective to modernize soldiers and vehicles, the defense ministries across the APAC region are investing substantial amounts in newer technologies, including advanced helicopters. This factor is boosting the growth of the APAC helicopter market. Government in different countries are looking to acquire new and advanced helicopters as a part of their upgrade and renewal process. For instance, in 2020, the Indian and US governments entered into a helicopter deal worth US$ 3 billion. The two agreements cover a purchase of six AH-64E Apaches for the Indian Army and 24 Lockheed Martin-Sikorsky MH-60R Romeo multimission naval helicopters for the Indian Navy. So, the surging military expenditure on advanced and lightweight helicopters will drive the market in coming years.
In terms of type, the single rotor segment accounted for the largest share of the APAC helicopters market in 2020. In terms of weight, the medium weight segment held a larger market share of the APAC helicopters market in 2020. Further, the commercial & civil segment held a larger share of the APAC helicopters market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the APAC helicopters market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; and Russian Helicopters.
The Asia Pacific Helicopters Market is valued at US$ 8,888.12 Million in 2021, it is projected to reach US$ 15,107.16 Million by 2028.
As per our report Asia Pacific Helicopters Market, the market size is valued at US$ 8,888.12 Million in 2021, projecting it to reach US$ 15,107.16 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The Asia Pacific Helicopters Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Helicopters Market report:
The Asia Pacific Helicopters Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Helicopters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Helicopters Market value chain can benefit from the information contained in a comprehensive market report.