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"Overview of Civil Helicopter Market"
The Global Civil Helicopter Market is anticipated to record a CAGR of Around 4.1% over the Forecast Period
Growth of demand for technologically advanced helicopter is substantially rising due to its own advantages such as low fly and search and rescue etc. The companies operating in emergency and hospital services are demanding more civil helicopters. Developed countries are especially having an increased need for civil helicopters because of their versatile usage in various civil operations. These developed nations having good economic conditions are also one of the factors that are increasing the demand for the civil helicopter in various fields. Civil helicopters are considered as one of the best sources to operate them during the day as well as night time enabling the companies to increase their efficiency in civil services.
Because of the versatility of civil helicopters, governments are also initiating policies that boost the demand for the civil helicopter. It has been observed that there is an increased rate of natural disasters worldwide in recent time; as a result, the civil helicopters play prominent roles in these civil operations of rescue. Thus, companies are enabled to reach remote through civil helicopters due to which there is a rise in civil helicopter demand. Civil helicopters are also utilized highly to achieve compliance with law enforcement, transportation and medical services encouraging the need for civil helicopters.
It has been also significant usage in infrastructure development and repair. Thus, the construction and infrastructure facilities development is in surge due to which there is also an increase in civil helicopter utilization. There is also an increased amount of demand growth for civil helicopters by aviation institutions, tie-ups between the manufacturers and aircraft facilities are plunging the demand for these. It was witnessed that there are some crashes of prototype helicopters caused little restraint in the demand of the civil helicopter market. This challenge could be substantially reduced by the incorporation of modern and updated technology which could reduce the risk involved with the flight of helicopters.
The companies involved in the civil services activities are highly demanding for medium helicopters which could be efficient in the capability and reach. The demand for these is plunging mainly because of their high speed and cost-effective nature catering to various needs of civil services.
Demand for Single-Engine Helicopters to expand rapidly during the forecast period
The demand for the growth of a single-engine helicopter is growing at a rapid rate due to civil services industry growth. As these single-engine helicopters are capable enough to fly low that are fuel-efficient, they are involved with low cost to governments and private organizations operating. Thus, civil services are demanding civil helicopters to cater to various activities of the region. Civil helicopters are also being used in the demanding climatic conditions and situations which suit the requirement and have a substantial importance in such situations. This segment is observed to be having a significant amount of usage in power line inspection and flooded areas enabling officials to take decisions and cater to the requirements accordingly. The contribution of helicopter services is substantial by this segment due to the high viability during the night times as well as bad weather conditions. The single-engine helicopter segment is also being utilized for civil purposes in the field of studying geographical conditions and natural habitat which are encouraging the demand for these helicopters.
North America to Hold Prominent Share on Global Civil Helicopters Market during the Forecast Period
The Civil Helicopter market is plunging in North America due to increased infrastructure and adverse climatic conditions along with disasters. Thus the civil helicopter market in North America has been observed to be significant because of government initiatives and policies that are in compliance with the requirement. The North American market is observed to be having a CAGR of 4.14 % during the forecast period. This region is well developed and is making considerable investments in the civil helicopter market to increase the efficiency and support system during adverse conditions as well as civil monitoring and control activities. The region is adopting civil helicopter services in various other activates that have proven to be efficient, hence increase in the market growth for civil helicopters.
Airbus Helicopters SAS is one of the prominent players in the civil helicopters industry offering a wide range of helicopters. The company is anticipated to hold significant market share in global civil helicopter market in 2019.
Key players competing with Airbus Helicopter SAS constitute of companies as follows: Aviation Industry Corporation of China (AVIC), Bell Helicopter Textron Inc., Enstrom Helicopter Corporation, Leonardo S.p.A., Kawasaki Heavy Industries Ltd., Korea Aerospace Industries Ltd., MD Helicopters Inc., Robinson Helicopter Company, Russian Helicopters JSC., Sikorsky Aircraft Corporation among others.
Key segments of Civil helicopters market:
By point of Sale:
By Engine Type
- Airborne Law Enforcement
- Forestry & Wildlife Conservation
- North America
- Latin America
- Middle East & Africa