Global Helicopter Market 2018-2022
Helicopter plays a significant role in modern-day aircraft fleets and are used in a range of applications. The primary reason for the increasing demand for helicopters is their unique features such as take-off and landing, the ability to hover, fly forward and backward, and laterally.
Technavio’s analysts forecast the Global Helicopter Market to grow at a CAGR of 2.92% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global helicopter market. To calculate the market size, the report considers the revenue generated from the adoption of military and civil and commercial helicopters.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Helicopter Market 2018-2022
Technavio recognizes the following companies as the key players in the global helicopter market: Airbus, Bell Helicopter Textron, Boeing, Leonardo, Lockheed Martin, and Russian Helicopters.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is development of 3D-printing soluble cores for rotorcraft blade prototyping tooling.” For instance, in 2015, Automated Dynamics along with Stratasys developed cores for rotorcraft blade prototyping tooling. This process allows the application of different materials such as composites, metals, and polymers.
According to the report, one driver influencing this market is the advancement in avionics leading to enhanced safety features. NASA developed an automatic ground collision avoidance system that constantly predicts the trajectory of the rotorcraft through the terrain profile. Such advancements ensure safe operation of rotorcraft.
Further, the report states that one challenge affecting this market is the barriers in adoption of new technology and equipment. The stringent regulatory norms formulated by government agencies and aviation authorities acts as barriers against the adoption of new technologies.
Bell Helicopter Textron
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