Global Commercial Helicopters Market to Value US$107.4 Bn Over 2017-2027

Thursday 12 October 2017, Amsterdam

According to this latest report, now available on ASDReports, ‘The global commercial helicopters market is expected to grow at a CAGR of 3.49% over the forecast period, to reach a cumulative value of US$107.4 billion. The market is expected to be dominated by the medium helicopters segment, which will account for 55% of the market, followed by the light and heavy segments respectively. North America is expected to dominate the sector with a share of 35.2%, followed by Asia-Pacific and then Europe with 27.4%.’   

Drivers

• Demand for helicopters to mount owing to globally increasing offshore activities
• Increasing demand for light helicopters to be a continual driving factor for the market
• Burgeoning demand from Asia and Latin America to drive the market during the forecast period
• Law enforcement agencies to influence growth in the market

 Trends

• Fast growth in emerging markets
• Light helicopter attracting significant investments owing to HEMS and VIP transport industries
• Joint ventures expected to increase over the forecast period

 Challenges

• Decline in oil prices affecting the commercial helicopter market
• Lack of trained helicopter pilots proving a hurdle to market expansion
• Weak indigenous manufacturing capabilities and a lack of R&D
• Environmental emissions to pose challenge for helicopter manufacturers