Civil Helicopter Market Overview
The Global Civil Helicopter Market is expected to reach USD 13,881.4 Million by 2024 at a CAGR of 4.04% during the forecast period.
Civil helicopter manufacturers are investing heavily in advanced technologies to offer enhanced surveillance and communication to public safety personnel. For instance, the H125 civil helicopter by Airbus SAS has a camera, GPS, FLIR, and searchlight. These features enable public safety personnel in receiving real-time location information and offer enhanced detection capabilities which makes the helicopter ideal for law enforcement and emergency medical services.
Along with government bodies, it is also used in commercial segments, namely corporate offices, VIP transportation providers, and oil and gas companies. Civil helicopters can be used in emergencies as they provide enormous maneuverability, particularly in small spaces as well as reach to affected areas avoiding the traffic on the road and any natural calamity, namely flood, and earthquake. Above all these helicopters are equipped with air conditioning, improved soundproofing capabilities, and passenger seats. Civil helicopters serve a vast range of functions and used in almost every industry imaginable.
These include dusting crops with various pesticides, replanting forests with seed dispersal, giving aerial tours, carrying heavy loads, transporting business people, patrolling oil and gas pipelines, facilitating traffic and news coverage, conducting rescue missions and search, fighting wildfires, offering emergency medical services and more.
Civil Helicopter Market Competitive Analysis
The Prominent Players in the Global Civil Helicopter Market include Lockheed Martin Corporation (US), Airbus SAS (Netherlands), Aviation Industry Corporation of China (China), Textron Inc. (US), Enstrom Helicopter Corporation (US), Hindustan Aeronautics Limited (India), Korea Aerospace Industries, Ltd (South Korea), Leonardo SpA (Italy), MD Helicopters, Inc. (US), Robinson Helicopter Company (US), and Russian Helicopters, JSC (Russia).
Segmental Analysis
The Global Civil Helicopter Market has been segmented by engine Type, Weight, Ownership and end-use.
Based on engine type, the global civil helicopter market has been divided into single-engine and twin-engine. The single-engine segment is projected to dominate the market during the forecast period and is expected to register the higher CAGR. The segment was valued at USD 6,643.9 Million in 2018 and is expected to reach USD 8,648.1 Million by 2024 at a CAGR of 4.50%. Single-engine helicopters are specially used for operations that include flying at low altitudes. They can also operate in challenging environments. Single-engine helicopters are typically used for emergency medical operations, power line inspections, and search and rescue missions. The twin-engine segment is projected to exhibit a CAGR of 3.32% during the forecast period.
In terms of end-use, the global civil helicopter market has been categorized as law enforcement, onshore & offshore transportation, forestry & wildlife conversation, helicopter emergency medical service, search & rescue, training services, and others. The helicopter emergency medical service segment dominates the market. The segment was valued at USD 3,268.3 Million in 2018. However, the law enforcement segment is expected to register the highest CAGR during the forecast period. The segment is projected to exhibit a CAGR of 5.05% during the forecast period. Helicopters are used in law enforcement for aerial surveillance. These helicopters are customized to include surveillance systems such as ground proximity warning systems, forward-looking infrared (FLIR) cameras, high-intensity lights, and traffic advisory systems.
Civil Helicopter Market Key Developments
In June 2018, Textron Inc. delivered three Bell 505 helicopters to Reignwood International Investment Group Company Ltd. The contract enabled the company to strengthen its presence in the Chinese helicopter market.
In February 2018, Textron Inc. delivered two Bell 505 helicopters to Vietnam Helicopter Corporation and Northern Vietnam Helicopter Company. The contract enabled the company to develop its position in the Asian helicopter market.
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