Single Rotor Segment to Dominate North America Helicopters Market During 2021-2028.
According to a new market research study on “North America Helicopters Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 18,711.54 million by 2028 from US$ 12,982.93 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America helicopters market along with the drivers and restraints pertaining to the market growth. Rising demand for search and rescue (SAR) helicopters and increasing military expenditure on advanced and lightweight helicopters are the major factor driving the growth of the North America helicopters market. However, less adoption of advanced helicopters hinders the growth of North America helicopters market.
In case of COVID-19, North America is highly affected specially the US, with thousands of infected individuals facing severe health conditions across the country. The US is the highest military spender across the globe and has a substantial number of defense contractors across its borders. On the contrary, the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. During Q2 and Q3 of 2020, the majority of the manufacturing plants were either temporarily shut or operating with minimum staff. Moreover, the supply chain of equipment and related components are disrupted. In addition, the demand for defense equipment has been showcasing a slowdown since the outbreak of the virus in the country. The US is the hub of prominent helicopter manufacturers; however, the emergence of the pandemic has resulted in supply chain issues, leading to disruption in helicopter production.
The North America helicopters market is segmented into type, weight, application, and country. In terms of type, the North America helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the North America helicopters market in 2020 and tilt rotor segment is expected to be fastest growing during forecast period. Based on weight, the North America helicopters market is categorized into light weight, medium weight, and heavy weight. The medium weight segment dominated the North America helicopters market in 2020 and light weight segment is expected to be fastest growing during forecast period. Based on application, the North America helicopters market is categorized into commercial & civil and military. The military segment dominated the North America helicopters market in 2020 and is also expected to be fastest growing during forecast period. Further, commercial & civil segment is bifurcated into the transport, emergency rescue, utility, and training. The transport segment dominate the market in 2020. The military segment is also divided into the attack and reconnaissance, maritime, transport search and rescue, and training. The attack and reconnaissance segment dominate the market in 2020.
Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; Robinson Helicopter Company; and Russian Helicopters are among the leading companies in the North America helicopters market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Sikorsky Receives Second Contract To Build Presidential Helicopters.
According to a new market research study on “North America Helicopters Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 18,711.54 million by 2028 from US$ 12,982.93 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America helicopters market along with the drivers and restraints pertaining to the market growth. Rising demand for search and rescue (SAR) helicopters and increasing military expenditure on advanced and lightweight helicopters are the major factor driving the growth of the North America helicopters market. However, less adoption of advanced helicopters hinders the growth of North America helicopters market.
In case of COVID-19, North America is highly affected specially the US, with thousands of infected individuals facing severe health conditions across the country. The US is the highest military spender across the globe and has a substantial number of defense contractors across its borders. On the contrary, the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. During Q2 and Q3 of 2020, the majority of the manufacturing plants were either temporarily shut or operating with minimum staff. Moreover, the supply chain of equipment and related components are disrupted. In addition, the demand for defense equipment has been showcasing a slowdown since the outbreak of the virus in the country. The US is the hub of prominent helicopter manufacturers; however, the emergence of the pandemic has resulted in supply chain issues, leading to disruption in helicopter production.
The North America helicopters market is segmented into type, weight, application, and country. In terms of type, the North America helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the North America helicopters market in 2020 and tilt rotor segment is expected to be fastest growing during forecast period. Based on weight, the North America helicopters market is categorized into light weight, medium weight, and heavy weight. The medium weight segment dominated the North America helicopters market in 2020 and light weight segment is expected to be fastest growing during forecast period. Based on application, the North America helicopters market is categorized into commercial & civil and military. The military segment dominated the North America helicopters market in 2020 and is also expected to be fastest growing during forecast period. Further, commercial & civil segment is bifurcated into the transport, emergency rescue, utility, and training. The transport segment dominate the market in 2020. The military segment is also divided into the attack and reconnaissance, maritime, transport search and rescue, and training. The attack and reconnaissance segment dominate the market in 2020.
Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; Robinson Helicopter Company; and Russian Helicopters are among the leading companies in the North America helicopters market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Sikorsky Receives Second Contract To Build Presidential Helicopters.
The report segments the North America Helicopters Market as follows:
North America Helicopters Market - By Type
- Single Rotor
- Multi Rotor
- Tilt Rotor
North America Helicopters Market - By Weight
- Light Weight
- Medium Weight
- Heavy Weight
North America Helicopters Market - By Application
- Commercial & Civil
- Transport
- Emergency Rescue
- Utility
- Training
- Military
- Attack and Reconnaissance
- Maritime
- Transport Search and Rescue
- Training
North America Helicopters Market - By Country
- US
- Canada
- Mexico
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America helicopters market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America helicopters market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the helicopters market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. North America Helicopters Market Landscape
5. North America Helicopters Market - Key Market Dynamics
6. Helicopters Market - North America Analysis
7. North America Helicopters Market Analysis - By Type
8. North America Helicopters Market Analysis - By Weight
9. North America Helicopters Market Analysis - By Application
10. North America Helicopters Market - Country Analysis
11. North America Helicopters Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airbus S.A.S.
- Bell Textron Inc.
- Boeing
- Enstrom Helicopter Corp.
- Kaman Corporation
- Leonardo S.p.A.
- Lockheed Martin Corporation
- MD Helicopters, Inc.
- Robinson Helicopter Company
- Russian Helicopters
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 136 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 12982.93 Million |
Forecasted Market Value ( USD | $ 18711.54 Million |
Compound Annual Growth Rate | 5.4% |
Regions Covered | North America |