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Medium And Heavy-lift Helicopters - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

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  • 88 Pages
  • February 2024
  • Region: Global
  • Mordor Intelligence
  • ID: 5529552
UP TO OFF until Mar 31st 2024
The Medium And Heavy-lift Helicopters Market size is estimated at USD 19.89 billion in 2024, and is expected to reach USD 24.03 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

Key Highlights

  • There is a growing demand for medium and heavy-lift helicopters in the commercial sectors, with their increasing use in different applications, like tourism, medical and emergency rescue services, transportation, law enforcement, and offshore helicopter services. In the military, the demand for medium-lift multi-role and utility helicopters is increasing from almost every region in the world, which is driving the growth of the market.
  • The development of newer generation helicopters with increased technological advancement will further support the growth of the market, especially in the military sector, as several countries look to replace their aging fleet of medium and heavy-lift helicopters.

Medium And Heavy-lift Helicopters Market Trends

Medium-lift Helicopters Segment to Witness the Highest Growth During the Forecast Period

The demand for medium-lift helicopters is increasing from civil, commercial, and military sectors, as they are generally incorporated with multi-mission capabilities that make them suitable for lifting operations in rigid environments, including helicopter logging, ski-lift installations, power line construction, and logistical support for remote construction sites, where the heavy-lift helicopters struggle to operate.

Manufacturers of helicopters are experiencing a huge demand for their medium-lift models for various purposes like tourism, medical, emergency rescue services, law enforcement, transportation, and offshore helicopter services. In September 2023, Airbus Helicopters and PHI Group (PHI) signed an agreement that includes deliveries of 20 super-medium H175 helicopters. These helicopters will be used to serve the energy market worldwide.

Similarly, in July 2022, Poland signed a contract worth USD 1.83 billion to buy 32 AW149 helicopters from the Italian defense group Leonardo S.p.A. The contract includes logistics, training, and simulator packages. Helicopters will be delivered between 2023 and 2029. Such developments will drive the demand for medium-lift helicopters during the forecast period.

Asia-Pacific Region is Projected to Dominate Market Share During the Forecast Period

The advancement in the civil and commercial sectors is providing a big boost, especially in the sales of medium-lift helicopters in the Asia-Pacific. An increase in the number of high-net-worth individuals (HNWIs) is increasing the number of charter services. Nations in the region are also using these helicopters to upgrade their services and forces.

China has the largest military helicopter fleet in Asia-Pacific. In April 2022, the Chinese Navy announced the service entry of its new anti-submarine helicopter the Z-20. The naval version of the Z-20 would replace the domestically made Harbin Z-9C and Russian-built Ka-28 helicopters, and it will be used as a utility helicopter for anti-submarine warfare and assault.

In addition, the territorial commercial segment of the market is witnessing a huge demand from Southeast Asian countries like Indonesia, Malaysia, Singapore, and Thailand. For instance, in March 2023, two AW139s were ordered by SFS Aviation which is a leading provider of offshore helicopter services for oil and gas companies in Thailand. Due to this the medium and heavy-lift helicopter market in the region is expected to show significant growth during the forecast period..

Medium And Heavy-lift Helicopters Industry Overview

The medium and heavy-lift helicopters market is consolidated with a few players such as Airbus SE, Lockheed Martin Corporation, Textron Inc., Leonardo S.p.A., and Russian Helicopters JSC. Players are focusing on developing advanced helicopter models with new features and performance enhancements. For instance, the new Sikorsky CH-53K King Stallion which is currently being developed by Sikorsky Aircraft features new composite rotor blades, and a wider aircraft cabin than previous CH-53 variants and can attain an extra speed of 37 kmph compared to its CH-53E predecessor. The company aims to sell these helicopters to countries like Germany, Japan, and Israel in addition to the US military during the forecast period. Such developments are expected to help the growth of the players during the forecast period.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Application
5.1.1 Civil and Commercial
5.1.2 Mlitary
5.2 Type
5.2.1 Medium-lift
5.2.2 Heavy-lift
5.3 Geography
5.3.1 North America United States Canada
5.3.2 Europe United Kingdom Germany France Russia Rest of Europe
5.3.3 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.4 Middle East and Africa United Arab Emirates Saudi Arabia Israel Rest of Middle East and Africa
5.3.5 Latin America Mexico Brazil Rest of Latin America
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airbus SE
6.2.2 The Boeing Company
6.2.3 Leonardo S.p.A.
6.2.4 Textron Inc.
6.2.5 Lockheed Martin Corporation
6.2.6 Russian Helicopters JSC
6.2.7 Aviation Corporation of China (AVIC)
6.2.8 Kaman Corporation