The helicopters market size is expected to grow from USD 30.6 billion in 2022 to USD 41.2 billion by 2027, at a CAGR of 6.1% during the forecast period. Increased demand for helicopters in civil applications, such as emergency medical services (EMS), is one of the major factors driving this market.
Major players in the helicopters market include Airbus Helicopters SAS (France), Bell Helicopters (US), The Boeing Company (US), Leonardo S.p.A. (Italy), Lockheed Martin Corporation (US), Russian Helicopters, JSC (Russia), and Kawasaki Heavy Industries (Japan), among others. These players have adopted various growth strategies, such as new product launches, expansions, and contracts & agreements, to strengthen their presence in the helicopters market. New product launches and contracts & agreements have been the leading strategies adopted by major players from 2019 to 2022, which helped them innovate upon their offerings and expand their customer bases.
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Airbus SAS or Airbus has been serving customers in the aviation industry for over 40+ years. It operates in 180 locations across the globe through 3 business divisions, namely, commercial aircraft, defense and space, and helicopters. Airbus Helicopters SAS is the helicopter manufacturing division of Airbus. It develops, manufactures, markets and sells civil and military helicopters along with related services and solutions. The company operates through four business segments: civil helicopters, military helicopters, pre-owned helicopters, and Airbus Corporate Helicopters (ACH). It provides light, medium, and heavy helicopters for both civil and military segments and specialized helicopters for the military segment. The company has a major presence in Germany and France.
Leonardo S.p.A is a civil and defense contractor offering products, services, and military solutions. The company has a diverse portfolio, which includes the development and production of rotary aircraft, pilot training, and after-sales support. The company delivers solutions through varied business segments, namely, helicopters, aeronautics, electronics, defense & security systems, and space. It offers a wide range of helicopters for commercial, public service, and security & defense applications. Its major subsidiaries include AgustaWestland Portugal S.A. (Portugal), DRS Defense Solutions LLC (US), DRS Technologies Saudi Arabia LLC (Saudi Arabia), Finmeccanica Global Services S.p.A (Rome), and Selex ES S.p.A (Rome). The company has a presence in Europe, North America, South America, Asia Pacific, and Middle East.
Bell Helicopter, a wholly-owned subsidiary of Textron Inc., designs and manufactures vertical lift aircraft. The company also provides customer services for all its products. It is also developing the hybrid-electric propulsion helicopter, which is expected to serve as an air taxi. The company operates through 2 business segments, namely, military and commercial. It offers helicopters to both civil and military customers. The company has a presence in North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Lockheed Martin Corporation is a major defense and aerospace company, a product of the merger between Lockheed Corporation and Martin Marietta. Its major revenue comes from the sale of military products. The company also provides a range of services such as management, technical, engineering, logistics, and system integration. It operates through 4 business segments, namely, aeronautics, missiles and fire control (MFC), rotary and mission systems (RMS), and space systems. It offers a wide range of commercial and military helicopters through the rotary and mission systems segment. In November 2015, Lockheed Martin Corporation acquired Sikorsky Aircraft Corporation (Sikorsky), which was aligned under the rotary and mission systems segment. Its major subsidiaries include Lockheed Martin Australia Pty Limited, Lockheed Martin UK Limited, Lockheed Martin Canada Inc., Lockheed Martin Global, Inc., and Lockheed Martin Logistics Management, Inc. The company has a presence in the Americas, Europe, Asia Pacific, Middle East, and Africa.
The Boeing Company is a leading manufacturer and supplier of rotary aircraft products across the globe. It develops, produces, and markets helicopters as well as commercial jet aircraft and provides support services to the airline industry. The company operates through 4 business segments, namely, commercial airplanes, defense, space & security and global services . Its defense, space & security business segment has been further subdivided into 3 segments: Boeing military aircraft, network and space systems, and global service and support. The Boeing military aircraft segment engages in the research, development, production, and modification of manned and unmanned military aircraft as well as rotorcraft. Its key subsidiaries include the Boeing Aircraft Holding Company and Boeing Defense, Space & Security. The company has a presence in more than 150 countries, including the US, Australia, France, Italy, India, Japan, Germany, Brazil, Spain, China, and Canada.
Helicopters Market by Point of Sale, OEM-by Component & System, Type, Application (Military, Civil and Commercial), Number of Engines (Twin Engines, Single Engines) and Region; Aftermarket - by Component & System and Region- Global Forecast to 2027
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