According to the research report titled ‘Asia Pacific Helicopter Market Forecast 2027 By End-Use, By Component, By Sales Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Asia Pacific helicopter market size is expected to be worth USD 12 billion by the year 2027.
 

Preference for helicopter in case of emergency transport of individuals or good, in consort with implementation of innovative technologies into new units are notable growth stimulants for Asia Pacific helicopter market.

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During the COVID-19 pandemic, many countries sealed their borders to minimize virus spread, causing a global supply chain disruption. When it came to transporting sick patients to healthcare facilities and supplying essential equipment & items from one location to another, helicopters were a great means of rescuing this fight, which further augmented the market demand.

As per sales channel, the OEM vertical accounted for a substantial market share in the year 2020 and is predicted to grow rapidly during the analysis period, due to adoption of smart production technologies such as laser sintering and additive manufacturing, which facilitates in boosting operational performance and streamlining workflow.

In terms of end-use ambit, the military segment size of Asia Pacific helicopter industry is presumed to expand rapidly during the review period, owing to the introduction of technologically advanced military helicopters capable of operating in rough terrain. Furthermore, political instability and conflicts among countries have exacerbated product deployment for military purposes to strengthen their defense capabilities, which is further intensifying demand.

Concerning the component factor, the rotary vertical is estimated to grow at an exponential rate through 2027, due to the frequent wear and tear caused by extreme weather conditions, prompting swift replacement and maintenance of rotary systems.

From a geographical standpoint, China market is poised to experience an upward growth curve in the coming years, because of increased government assistance in digitally advanced products, as well as the incorporation of cutting-edge technology such as the Internet of Things, Artificial Intelligence that assists in situational awareness, smart cockpits, smart landing gears, and many others.

In addition, several other countries, including Japan and India, are making sizable contributions to market growth by establishing in-house manufacturing capabilities, spurred by 100 percent FDI allocations aided by supportive laws.  

The key players enhancing the competitive scope of Asia Pacific helicopter industry include Volocopter GmbH, Airbus SE, Vietnam Helicopter Corporation, Babcock International Group plc, JSC Russian Helicopters, Bell Textron Inc., Lilium GmbH, Robinson Helicopter Company, The Boeing Company, Mitsubishi Heavy Industries Ltd., Hindustan Aeronautics Limited (HAL), MD Helicopters Inc., Kawasaki Heavy Industries Ltd., Lockheed Martin Corporation, and Leonardo S.p.A. among others.