September 23, 2021
According to the recent research report titled ‘Global Civil and Defence Helicopter Market (Value, Units) - Analysis By Application Type, Point of Sale (OEM, MRO), Weight, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global civil and defence helicopter market was worth USD 25.2 billion in 2020 and is projected to record a robust CAGR between 2021 and 2026.
As per the report findings, escalating demand for military helicopters is primarily driving global civil and defence helicopter market growth. Besides, inclination for lightweight helicopters, along with increasing defense budget in developing economies, and consumer interest towards aerial sightseeing are also expected to propel the market development.
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Based on application spectrum, civil & commerce segment is slated to grow substantially over 2021-2026, owing to extensive usage of helicopters for various applications, in consort with the option of being used directly by consumers as well.
As per point of sale, OEMs segment currently hold considerable portion of worldwide civil and defence helicopter industry share and is projected to expand further, attributable to escalating demand for new technologies that results in manufacturing of more advanced helicopters.
With respect to weight gamut, heavy segment is predicted to amass notable returns over the next five years, creditable to wide usage of heavy helicopter in military and civil applications. Meanwhile, light segment is anticipated to witness traction over the coming years, due to increasing product demand.
Coming to regional landscape, America, Europe, and Asia Pacific are the leading contributors to market progression. The report states that America is expected to emerge as a key contributor to the overall industry remuneration, on account of rising acceptance of helicopters in each sector, and strong presence of major firms in the region.