March 03, 2022
According to the research report titled ‘North America Helicopter Market Forecast 2027 By Component, By End-Use, By Sales Channel, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America helicopter market is anticipated to be worth USD 10 billion by the year 2027.
According to credible estimates, the expansion of North America helicopter market is attributed to rising geopolitical tensions globally, compelling the defence sector to buy new helicopters. Growing product demand, along with technologically improved components offered by manufacturers will further impel the industry share.
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Notably, helicopters proved to be the most versatile aircraft for transferring Covid-19 patients and medical workers securely during the Coronavirus pandemic, thus augmenting the market outlook.
Based on component, North America helicopter industry is branched into environmental control systems, cabin interiors, avionics, undercarriage, engine, rotary system, aerostructures/airframe, and others. Among these, aerostructure/airframes segment is predicted to hold a substantial revenue share by 2027, owing to widespread usage in construction of rotorcraft, civilian, and commercial aircrafts. Inclination towards new designs depending on varied applications is bolstering the demand for aerostructure/airframe components.
In terms of end use, the commercial segment is generating notable revenues at present, due to product adoption in transportation, EMS, and offshore activities, as well as flexible government regulations, growing per capita income of individuals, and rising number of high-net-worth individuals across the region.
The key players in North America helicopter market are Volocopter GmbH, Vietnam Helicopter Corporation, JSC Russian Helicopters, Robinson Helicopter Company, Mitsubishi Heavy Industries Ltd., Md Helicopters, Inc., Lockheed Martin Corporation, Lilium GmbH, Leonardo S.p.A., Kawasaki Heavy Industries Ltd., Hindustan Aeronautics Limited, The Boeing Company, Bell Textron, Inc., Babcock International Group plc, and Airbus S.A.S.