Helicopter market size to reach $68.4 billion by 2026

Departments - Gaining Altitude

Lightweight helicopters lift growth

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January 30, 2020

Global helicopter market size

$48.2 billion

2018

 

$68.4 billion

2026

 

4.5%

Compound annual growth rate (CAGR)

 

$18.64 billion

North American helicopter market size 2018

 

Growth drivers

Emergency medical services/air ambulances

Aftermarket systems, component modernization

Military/homeland defense

Law enforcement/search and rescue

Tourism

Intercity connectivity

Oil/gas industry

 

Trends

Hybrid-electric propulsion

Autonomous technology

            • Artificial intelligence (AI)

            • Data analytics

            • Internet of Things (IoT)

Electro-optical/infrared systems

Electronic flight instruments

Flight vision systems

 

Key manufacturers

• Airbus SAS

• Bell Flight Textron

• Boeing Co.

• Hindustan Aeronautics Limited (HAL)

• Kawasaki Heavy Industries Ltd.

• Korea Aerospace Industries Ltd.

• Leonardo SPA

• Lockheed Martin Corp.

• MD Helicopters Inc.

• Robinson Helicopter Co.

• Russian Helicopters JSC


Source: https://www.fortunebusinessinsights.com