The global helicopters market is growing at a significant rate, due to mounting need for lightweight helicopters and augmented requirement for emergency medical services helicopters.

Different applications contributed to the helicopters market size. The market has witnessed high demand for military helicopters in the coming years due to its exclusive maneuverability characteristics, and enhanced technologies that the helicopters are armed with.

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On the basis of component and systems the market is subdivided into airframe, and engine. Among the all component and systems, the airframe accounted the largest share in the helicopters market.

Technological advancements such as electro-optical and infrared systems (EOIR), electronic flight instruments (EFI), improved flight vision systems (EFVS) for heliport, ultra-light multi-mode radar, multirole combat helicopters with incorporated avionics and weapons and improved innovative cockpits and mounting digital helicopter condition-monitoring are the trends in the helicopters market.

Augmented requirement for EMS (Emergency Medical Services) helicopters, mounting need for military helicopters, mounting use of helicopters in disaster relief, and mounting need for lightweight helicopters are the primary growth drivers for helicopters market. Mounting need for fuel-efficient turboshaft engines and advancement in avionics to enhance safety features are also facilitating the growth for the helicopters market.

North America accounted the largest share in the market due to retirement of the old generation helicopters and augmented usage of helicopter. Asia-Pacific is observed to witness fastest growth in the market due to expending an enormous amount on the progress of civil and military helicopter fleet.

Key players in the helicopters market are catering the demand by development of medium helicopters and investing on technologically advanced products across the globe. Airbus Helicopters SAS, Korea Aerospace Industries, Ltd., Lockheed Martin Corporation, Bell Helicopter Textron Inc., Robinson Helicopter Company, Turkish Aerospace Industries, Inc., Leonardo S.P.A., Kawasaki Heavy Industries, Ltd., Boeing, Md Helicopters, Inc. and Hindustan Aeronautics Limited (HAL) are the key players offering helicopters.

Source: VynZ Research