As per the report titled ‘Europe Helicopter Market Forecast 2027 By Sales Channel, By End-Use, By Component, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe helicopter market is anticipated to reach a valuation of USD 18 billion by the year 2027.
 

As per the report findings, inflowing government investments in civil aviation and air transport sectors are fueling the market growth.

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Elaborating on the COVID-19 impact, the market was gravely affected as the pandemic affected demand and led to a nearly 50% decline in sales in 2020. However, the next five years are anticipated to be positive for the industry.

Notably, the pandemic compelled major organizations to deploy helicopter emergency medical services (EMS) units. For instance, the Norwegian Air Ambulance Foundation placed an order for H145 from Airbus Helicopters in September 2020. Moreover, various large healthcare organizations are investing in private acquisition of HEMS, and providers are expected to offer operational training as well as unique designs to clients.

In particular, the air ambulance business in Germany saw considerable growth amid the pandemic due to intensifying demand for short and medium-range repatriation flights. Moreover, Germany's air ambulance division launched the EpiShuttle isolation pod for boosting COVID-19 aeromedical transport capabilities.

Considering the end-user scope, Europe helicopter market size and scope is fragmented into commercial, medical services/search & rescue, military, offshore sector, and others. The military segment is expanding at a strong rate mainly due to increasing cross-border threats. Moreover, the military employs aircrafts to commute in case of natural disasters, transport men and critical supplies, aid evacuation, and reconnaissance. They are also pivotal in maritime surveillance.

Parallelly, the offshore sector is anticipated to gain considerable traction in the upcoming years. This can be credited to increasing disposable income of Europeans enabling them to travel for vacations or business purposes in a private helicopter. Besides, the high levels of reliability and safety associated with this transport medium are adding to the segmental value.

Speaking of the competitive landscape, major players influencing the trends in helicopter market in Europe are Robinson Helicopter Company, Mitsubishi Heavy Industries Ltd., MD Helicopters Inc., Lockheed Martin Corp., Lilium GmbH, Leonardo S.p.A., Kawasaki Heavy Industries Ltd., Hindustan Aeronautics Ltd., Boeing Co., and Airbus S.A.S. among others.