Europe Helicopters Market
No. of Pages: 145 | Report Code: TIPRE00023533 | Category: Aerospace and Defense
No. of Pages: 145 | Report Code: TIPRE00023533 | Category: Aerospace and Defense
The governments have set a huge budget for upgrade and procurement of military equipment. In December 2018, the NSPA Aviation Programme completed the procurement of a new H215 Super Puma helicopter for the Spanish Air Force. The helicopter configuration with its specific mission equipment allows the performance of search and rescue (SAR) missions. This configuration includes additional fuel tanks to increase the operational range and an emergency floatation system to allow missions over the sea to be conducted. The cockpit of the helicopter incorporates advanced technologies with multi-functional displays and allows night vision goggles operations. Not only Spain but other countries such as the UK and Germany have also invested in advancing their search and rescue (SAR) helicopters, thereby creating demand for commercial helicopters. In 2019, the Italian government decided to procure the AW169M—a twin-engine, 10-seat, 4.8t helicopter—developed and manufactured by the helicopter division of Leonardo. The purchase decision was made under the broad Armed Forces Procurement Program. There was a mention of all the technical specifications that included a dedicated configuration of emergency floatation system, traffic collision avoidance system, and helicopter terrain awareness warning system, among others. Rising military expenditure on advanced and lightweight helicopters and growing demand for search and rescue (SAR) helicopters are the major factor driving the growth of the Europe helicopters market.
In case of COVID-19, Europe is highly affected specially the Russia and UK. In Europe, several countries have been experiencing a continuous surge in the number of COVID-19 infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The COVID-19 outbreak has affected each aviation business stakeholders' business in the region. Several contracts to acquire helicopters and aircraft were suspended in order to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has negatively affected the European and international helicopter market players. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturers (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the Helicopter market players' businesses have been severely affected across Europe region.
Strategic insights for the Europe 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$ 10,443.48 Million |
| Market Size by 2028 | US$ 16,383.49 Million |
| Global CAGR (2021 - 2028) | 6.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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 Europe helicopters market is expected to grow from US$ 10,443.48 million in 2021 to US$ 16,383.49 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. Increasing development of unmanned helicopters and use of advanced materials and technology will accelerate the market growth. Unmanned helicopters are intended to support both civilian and security missions. They are also capable of delivering cargo to hard-to-reach areas without airfields. The ILX-27 is unmanned helicopter developed by Institute of Aviation in Warsaw and Air Force Institute of Technology (AFIT) – Polish scientific and research organization. It was first unveiled in 2012. Alpin is another long-range unmanned helicopter being developed jointly by UAVOS and TITRA, a Turkish engineering company. Apart from the development of unmanned helicopters, there yet another key trend in the market. Original equipment manufacturers (OEMs) are increasingly using parts produced with carbon fiber reinforced plastics composite (CFRP) material. This material is being predominately used because it provides consistent strength to various parts of helicopters providing them higher corrosion resistance and reducing their weight. OEMs that use CFRP material include Airbus S.A.S and Boeing Corporation. Further, OEMs are significantly using artificial intelligence to improve the aircraft production and enhance the safety provision of aircrafts. For instance, Boeing Corporation has developed machine-learning algorithms to design aircraft and automate factory operations.
In terms of type, the single rotor segment accounted for the largest share of the Europe helicopters market in 2020. In terms of weight, the medium weight segment held a larger market share of the Europe helicopters market in 2020. Further, the commercial & civil segment held a larger share of the Europe helicopters market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe 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 Europe Helicopters Market is valued at US$ 10,443.48 Million in 2021, it is projected to reach US$ 16,383.49 Million by 2028.
As per our report Europe Helicopters Market, the market size is valued at US$ 10,443.48 Million in 2021, projecting it to reach US$ 16,383.49 Million by 2028. This translates to a CAGR of approximately 6.6% during the forecast period.
The Europe 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 Europe Helicopters Market report:
The Europe Helicopters Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Helicopters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Helicopters Market value chain can benefit from the information contained in a comprehensive market report.
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