Product Overview
Helicopter is a kind of aircraft in which horizontally rotating blades provide a lift and thrust. This enables the helicopter to perpendicularly take off and land, float, and fly forward, backward, and sideways. These actions help helicopters to be operated in congested or in remote areas where fixed-wing airplanes and other types of VTOL aircraft do not work. A Helicopter is an aircraft with aerodynamic forces resulting from lifting acting on one or more powerful rotors spinning significantly upward.

Market Highlights
Global Helicopter Market is anticipated to exceed USD 23.9 billion by 2030 from USD 43.2 billion in 2020 at a CAGR of 6.78 % throughout the forecast period, i.e., 2020-30. The global Helicopter market is estimated to grow on the back of the following reasons. In-service emergency medical (EMS), search and rescue (SAR), and firefighting activities are anticipated to accelerate their use. The business is projected to increase growth. In the industry, demand for oil and gas rotorcrafts for a variety of offshore applications is predicted to boost. Due to its vast applications basis in carrying out legal compliance, public protection, and other Para public operations, there is likely to be a significant global demand for helicopters.

Global Helicopter Market Opportunity Analysis

Global Helicopter Market: Segments
Global Helicopter market has been segmented on the basis of application and by product type. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.

By Application Type (in %), global Helicopter Market, 2020
The Civil & Commercial segment is anticipated to register of the volume share and is expected to grow at the highest CAGR.
Based on the application the market is bifurcated into: Civil & Commercial, and Military. In light of rising helicopter demand as a means of between and intra-City transport, the transport helicopters segment is expected to dominate the application market during the prediction period. The key factors contributing to this demand are the vertical start and Landing facilities (VTOL), along with the reduced helipad size restrictions in comparison with airports. Helicopter travel also saves time in contrast to other transport types which is an additional factor adding to the demand for light and medium helicopters.

By Type (in %), global Helicopter Market, 2020
Light segment is anticipated to register of the volume share
Based on the type the market is bifurcated into: light, medium, heavy, and very large. The demand for such rotorcrafts is anticipated to augment growth in professional aerial photography and video as well as in the management of events, such as equipment and staff. Besides, over the projected timeframe, the increasing leisure tourism industry is estimated to fuel the demand for light commercial helicopters.

Medium segment is expected to grow at the highest CAGR
The implementation of medium commercial helicopters should be motivated by the multi-purpose mission, cost savings, and lower operational cost. Medium-sized helicopters are also used to carry them to remote areas, which allows lifesaving activities such as Search and Rescue operations and medical emergencies a vital part of their service.

Global Helicopter Market: Drivers and Restraints
Drivers
Technological advancement in the defense sector
The key concern of helicopter producers is on the demands of end-users, the conservation of fuel, and operating effectiveness. Aerospace and defense technology developments and demand for better helicopter power contribute to a need to upgrade military and business helicopters. Producers have made efforts to minimize helicopter engines’ weight overall to contribute to reducing fuel consumption and rising cost-effectiveness. The technical developments have led to increased efforts by the helicopter producers to minimize the size and weight of helicopters. Thus, the demand for lightweight helicopter is on a continuous rise.

Restraints
Less budget
Owing to the budget spending cuts in the defense sector over the last few years, military budgets in developing countries have steadily decreased. For the 2012–21 budgets, the U.S. Defense Ministry has proposed a decrease of about USD XXXX billion in defense financing. Europe also implemented strict military budget reductions, showing an overall decline in defense expenditure from 2011-2020 in large countries, such as Germany, the United Kingdom, Spain, Italy, Ireland, Belgium, and France. Some developing countries will make further changes to increase their defense budgets.

Key Players
Russian Helicopters, JSC
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Leonardo SPA
MD Helicopters, Inc.
Robinson Helicopter Company
Kawasaki Heavy Industries, Ltd.
Airbus SAS
Hindustan Aeronautics Limited (HAL)
Lockheed Martin Corporation
Korea Aerospace Industries, Ltd.
Bell Helicopter Textron
Boeing Company
Other prominent players
Global Helicopter Market: Region
Europe was the largest market accounting for of the total market volume share in 2019
The global Helicopter market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and the rest of the world is classified as Middle-East and Africa.

The Clean sky Initiative is creating advanced instruments for the development of environmentally sustainable and smoother aircraft within the field involving public-private cooperation between the Commission and the European aviation industry. More than one- fourth of North America’s world market share was estimated in 2019, and substantial growth over the projected timeframe is predicted. One of the main factors influencing the regional market is the substitution of aging helicopters, especially in the US.

Global Helicopter Market: Competitive Landscape
Major players in the industry are focused on building new and increasing their market share long-term strategic partnerships on new avenues. For instance: –

Boeing received a Deal from Marocco in June 2020 for 24 of its AH-64E Apache helicopters. In accordance with an agreement with the U.S. Army through the US State, the company will develop and supply the new Moroccan Apaches through the international military purchasing process.

As part of the fleet expansion project, Airbus ordered the National Police Agency (NPA) of Japan to operate one new aircraft H225 and 4 H135 in June 2020. The agency’s capacity to enforce the law is strengthened by five new helicopters. NPA’s Airbus fleet will be reduced to 30 under the new order.

Global Helicopter Market: Impact of COVID- 19
Automotive and travel industry is one of the highly vulnerable vertical outbreaks of CO VID 19 and now has unparalleled complexity. The COVID-19 should have a profound influence on the automotive supply chain and product demand. The industry has gone from the business disruption from China to the overall downturn in the automotive market. For all activities that are non-essential, demand for commercial vehicles will decrease. Besides, shifts in consumer purchasing behavior due to the pandemic’s uncertainty could have significant repercussions for the industry’s near growth prospects.

Global Helicopter market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand, and Rest of Asia-Pacific
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa
Global Helicopter Market Report also contains an analysis on:
Helicopter Market by segment:
By Type:
Light
Medium
Heavy
very large
By Application:
Civil & Commercial
Military
Helicopter Market Size
Helicopter Market Dynamics
Supply and Demand
Current Issues/trends/challenges
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
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Helicopter tourism is a new dimension of tourism. The tours are offered to the passengers/tourists by the helicopters over the popular places or less crowded places, in a country, giving them a private time and an opportunity to take innovative photographs from the sky.

The growth of helicopter tourism market is influenced by the growing demand for decline of crude oil prices, increasing use of commercial helicopters, growing popularity of helicopter travel and rise in tourism. The market is expected to experience growth opportunities with the increase in alliance between the helicopters and resorts, evolution of unmanned helicopter tourism and integration of big data with helicopters.

The global helicopter tourism market is expected to grow at a CAGR of 5.11%, during the forecast period.

Key Players
The key players of helicopter tourism market include Airbus (Netherlands), Bell Helicopter Textron Inc. (Texas), Leonardo S.p.A (Italy), Russian Helicopters (Moscow), Sikorsky (U.S.), Aviation Industry Corporation of China (China), Enstrom Helicopter Corp. (Michigan), MD Helicopters, Inc. (Arizona), Robinson Helicopter Company (California) and Turkish Aerospace Industries, Inc. (Turkey).

Objective of global helicopter tourism market Analysis & Forecast, from 2016 to 2023
• To provide insights into factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments and sub-segments, with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on tourism type and ownership.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager

Key Findings
• On the basis of tourism type, the market has been segmented as customized tourism and general tourism. Customized tourism is projected to grow at the highest CAGR of 4.28 % during the forecast period.
• On the basis of ownership, the market has been segmented as Fractional Ownership, Charter Service and Joint ownership agreements. Joint ownership agreements are projected to grow at the highest CAGR of 4.57 % during the forecast period.
• North America dominated the global helicopter tourism market with 34.13% of share in 2016, in terms of value. It is expected to grow at a CAGR of 4.37% during the forecast period. Europe is expected to grow at a CAGR of 4.20 % during the forecast period and reach a market size of USD 266.4 million by 2023.

The regional analysis also includes –
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o Russia
o France
o Italy
o Europe
• Asia-Pacific
o China
o Japan
o Australia
o Indonesia
o Rest of Asia Pacific
• South America
o Brazil
o Argentina
o Chile
o Rest of South America
• Middle East and Africa
o UAE
o Saudi Arabia
o South Africa
o Israel
o Rest of Middle East and Africa

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The post Global Helicopter Tourism Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.

Regional Analysis
The global Helicopter Avionics market is estimated to witness a 9.76% CAGR during the forecast period, 2017-2023. In 2016, the market was led by North America with 38.53% share, followed by Europe and Asia Pacific with shares of 25.19% and 17.22%, respectively. The Asia Pacific region has become a lucrative region for the firms that develop helicopter avionics and related systems, due to the increasing focus of countries such as India, China, among others to develop helicopter avionics systems. The North American region has the highest share of global helicopter avionics market with the region operating approximately 33% of world helicopter fleet. The region is home to few of the world’s most renowned commercial, civil, and military helicopter manufacturers, i.e., Bell Helicopter Textron Inc., Boeing, and MD HELICOPTERS, INC. In addition, the region leads in global technological advancements, and thus, generates very high demand for helicopter avionics systems. Although, Canada makes some investments in the development of such advanced systems, the market is primarily dependent on the U.S. The region accounted for the largest share in the global market in 2016, primarily due to the presence of major manufacturers, such as Honeywell International Inc., Garmin Ltd., and Rockwell Collins in this region. So, the market in North America is projected to witness a CAGR of 10.72% during the forecast period.

Key Players
The key players of helicopter avionics market are Avidyne Corporation (U.S.), Astronautics Corporation of America (U.S.), Cobham Plc (U.K), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (U.S.), Garmin Ltd (U.S.), Honeywell International Inc. (U.S.), Leonardo S.p.A. (Italy), Rockwell Collins (U.S.), and Thales Group (France). Thales, Honeywell, and Garmin accounted for nearly 60% market share of the global market in 2016.

Objective of the Global Helicopter Avionics Market Research Report – Forecast to 2023

• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on engine type, system, and region.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufacturers of Avionics System
• Original Equipment Manufacturers (OEMs)
• Subcomponent Manufacturers
• Technology Support Providers
• System Integrators

Key Findings
• The global helicopter avionics market in this report has been segmented on the basis of engine type into single engine and twin engine. Single engine segment market is projected to register the highest CAGR of 10.28% during the forecast period.
• The global helicopter avionics market in this report has been segmented on the basis of system into five types, namely, flight management system, health monitoring system, communication system, navigation & surveillance system, and electrical & emergency system. The health monitoring system segment market is projected to register the highest CAGR of 10.56% during the forecast period.
• North America dominated the global helicopter avionics market in 2016. It is expected to register a CAGR of 10.72% during the forecast period. It is expected to reach a market size of USD 1,058.3 million by 2023.

The regional analysis also includes –
• North America
o U.S.
o Canada
• Europe
o Russia
o U.K
o France
o Germany
o Turkey
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Israel
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Brazil
o Rest of South America

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Development of autopilot landing system
4.2.2 Growing demand for health monitoring systems
4.2.3 Introduction of SVAB technology
4.3 Restraints
4.3.1 Safety issues associated with automation
4.3.2 Stringent government regulations
4.4 Opportunities
4.4.1 Increasing usage of commercial helicopters
4.4.2 Introduction of Auto-GCAS
4.5 Trends
4.5.1 Automation of helicopter operations
4.5.2 Integration of big data with helicopters
5 Patent Trends
6 Market Factor Analysis
6.1 Supply Chain
6.2 Porter’s Five Forces Model
6.2.1 Threat of New Entrants
6.2.2 Bargaining Power of Suppliers
6.2.3 Bargaining Power of Buyers
6.2.4 Threat of Substitutes
6.2.5 Intensity of Rivalry
7 Global Helicopter Avionics Market, By Engine Type
7.1 Overview
7.1.1 Single Engine
7.1.2 Twin Engine
8 Global Helicopter Avionics Market, By System
8.1 Overview
8.1.1 Flight Management System
8.1.2 Health Monitoring System
8.1.3 Communication System
8.1.4 Navigation & Surveillance System
8.1.5 Electrical & Emergency System
9 Global Helicopter Avionics Market, By Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.1.1 U.S. by Engine Type
9.2.1.2 U.S. by System
9.2.2 Canada
9.2.2.1 Canada by Engine Type
9.2.2.2 Canada by System
9.3 Europe
9.3.1 U.K
9.3.1.1 U.K by Engine Type
9.3.1.2 U.K by System
9.3.2 France
9.3.2.1 France by Engine Type
9.3.2.2 France by System
9.3.3 Russia
9.3.3.1 Russia by Engine Type
9.3.3.2 Russia by System
9.3.4 Germany
9.3.4.1 Germany by Engine Type
9.3.4.2 Germany by System
9.3.5 Turkey
9.3.5.1 Turkey by Engine Type
9.3.5.2 Turkey by System
9.3.6 Rest of Europe
9.3.6.1 Rest of Europe by Engine Type
9.3.6.2 Rest of Europe by System
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China by Engine Type
9.4.1.2 China by System
9.4.2 Japan
9.4.2.1 Japan by Engine Type
9.4.2.2 Japan by System
9.4.3 India
9.4.3.1 India by Engine Type
9.4.3.2 India by System
9.4.4 Australia
9.4.4.1 Australia by Engine Type
9.4.4.2 Australia by System
9.4.5 Rest of Asia Pacific
9.4.5.1 Rest of Asia Pacific by Engine Type
9.4.5.2 Rest of Asia Pacific by System
9.5 Middle East & Africa
9.5.1 UAE
9.5.1.1 UAE by Engine Type
9.5.1.2 UAE by System
9.5.2 Saudi Arabia
9.5.2.1 Saudi Arabia by Engine Type
9.5.2.2 Saudi Arabia by System
9.5.3 Israel
9.5.3.1 Israel by Engine Type
9.5.3.2 Israel by System
9.5.4 Rest of the Middle East & Africa
9.5.4.1 Rest of the Middle East & Africa by Engine Type
9.5.4.2 Rest of the Middle East & Africa by System
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil by Engine Type
9.6.1.2 Brazil by System
9.6.2 Rest of South America
9.6.2.1 Rest of South America by Engine Type
9.6.2.2 Rest of South America by System
10 Competitive Landscape
10.1 Competitive Scenario
10.2 Market Share Analysis
10.3 Mergers & Acquisitions
10.4 Competitive Benchmarking
11 Company Profiles
11.1 Avidyne Corporation
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Product Offerings
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Astronautics Corporation of America
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Product Offerings
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 Cobham Plc
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offerings
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Elbit Systems Ltd.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offerings
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 Esterline Technologies Corporation
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offerings
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6 Garmin Ltd.
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offerings
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 Honeywell International Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Product Offerings
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategy
11.8 Leonardo S.p.A
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Product Offerings
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategy
11.9 Rockwell Collins
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offerings
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategy
11.10 Thales Group
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Product Offerings
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategy
12 Conclusion
13 Appendix
13.1 References

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