United States Helicopter Market Insights Forecasts to 2033s
- The Market Size is Growing at a CAGR of 3.0% from 2023 to 2033.
- The United States Helicopter Market Size is Expected to Hold a Significant Share by 2033.
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The United States Helicopter Market size is expected to hold a significant share by 2033, at a CAGR of 3.0% during the forecast period 2023 to 2033.
A helicopter, also known as a chopper in the market, is a type of rotorcraft whose rotors provide thrust and lift. This enables the helicopter to take off and land vertically, hover, and fly forwards, backward, and laterally. These characteristics enable helicopters to be used in congested areas where fixed-wing aircraft and many types of vertical takeoff and landing (VTOL) aircraft cannot operate. A helicopter is an aircraft that takes off and flies by rotating or spinning its wings, known as blades. The rotating blades, or rotors, enable helicopters to perform tasks that planes cannot. Furthermore, the market in the United States is witnessing the adoption of new technologies such as advanced avionics, digital connectivity, and electric propulsion, which is driving market growth. These technologies are expected to significantly improve rotorcraft operations' safety, efficiency, and environmental sustainability, benefiting both operators and customers. Overall, the United States market is expected to grow steadily over the forecast period, due to increased demand for military and commercial helicopters, technological advancements, emergency medical services, and ongoing R&D investments.
This research report categorizes the market for the United States helicopter market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States helicopter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States helicopter market.
United States Helicopter Market Report Coverage
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Type, By Weight, By Number Of Engines, By Application
|Textron Inc., Lockheed Martin Corporation, The Boeing Company, The Robinson Helicopter Company, The Enstrom Helicopter Corporation, Kaman Corporation, Hiller Aircraft Corporation, and other key companies.
|Pitfalls & Challenges:
|Covid-19 Empact,Challenges,Growth, Analysis.
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The primary factors of market growth in the United States are the replacement and modernization of the country's aging rotor-wing aircraft fleet. The introduction of next-generation rotorcraft is an important component of the United States Army's modernization strategy. They are designed to provide increased speed, range, agility, and operational capabilities and are expected to replace older, less efficient models and such a need for the replacement of old helicopters, especially in older markets, is expected to create opportunities for market growth. Reduced accident rates, improved travel session efficacy, and rotorcraft life cycle costs are expected to be key drivers determining market expansion. Furthermore, the growing number of leasing options and leasing companies in the market is expected to provide operators with a new opportunity to expand their commercial helicopter fleet.
Stringent regulations and safety concerns associated with helicopter operations are hampering the United States helicopter market growth. Furthermore, rotor-wing aircraft accidents are frequently more severe than those involving fixed-wing aircraft, prompting increased scrutiny and safety concerns. These factors may put off some potential buyers and aircraft manufacturers.
- In 2023, the military segment accounted for the largest revenue share over the forecast period.
Based on type, the United States helicopter market is segmented into civil & commercial, and military. Among these, the military segment has the largest revenue share over the forecast period. Factors such as increased demand for transport helicopters and increased procurement of attack and reconnaissance helicopters for combat activities are driving the military segment's growth. Military helicopters, also known as combat helicopters, include attack and combat support helicopters. Defense forces around the world use military helicopters for ground attack, air-to-air combat, and maritime/naval attack. Apart from attacks, they are also used for surveillance, observation, search and rescue, evacuating wounded soldiers from the battlefield, firefighting, and other life-saving missions.
- In 2023, the medium segment is witnessing significant growth over the forecast period.
Based on weight, the United States helicopter market is segmented into light, medium, and heavy. Among these, the medium segment is witnessing significant growth over the forecast period. Medium-sized helicopters are primarily used for transportation to remote locations, and they play an important role in life-saving SAR operations and other medical emergencies. Cost efficiency, mission versatility, and a shorter maintenance cycle are expected to drive the adoption of medium commercial helicopters. Engine manufacturers also conduct R&D projects to develop more efficient hybrid helicopters. Furthermore, rising fuel costs will drive demand for hybrid-electric propulsion, which is more efficient.
- In 2023, the twin engines segment accounted for the largest revenue share over the forecast period.
Based on number of engines, the United States helicopter market is segmented into twin engines and single engines. Among these, the twin engines segment has the largest revenue share over the forecast period. This segment includes helicopters powered by two engines, each of which delivers equal power to the rotors. Twin-engine helicopters are more dependable than single-engine helicopters. For instance, if one of the engines in a twin-engine helicopter fails, the second engine will keep the flight going. The engine power required to maintain flight is predetermined for a given weight, speed, and atmospheric conditions. In a twin-engine helicopter, power is supplied equally by both engines. Most medium and heavy helicopters have multiple engines. Thus, the widespread use of medium and heavy helicopters in the military sector is expected to increase demand for twin engines.
- In 2023, the air ambulance segment is witnessing significant growth over the forecast period.
Based on application, the United States helicopter market is segmented into business and corporate travel, air ambulance, search and rescue, transport, media and entertainment, surveying, and others. Among these, the air ambulance segment is witnessing significant growth over the forecast period. Air ambulance helicopters are equipped with the necessary medical equipment and accessories, as well as an onboard medical crew, to provide patients with immediate emergency medical care. Air ambulances have advantages over traditional road ambulance services in that they help mitigate the issue of long travel times and limited access to remote areas. One of the primary drivers of market growth is the growing number of accidents around the country.
The report offers the appropriate analysis of the key organizations/companies involved within the United States helicopter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Textron Inc.
- Lockheed Martin Corporation
- The Boeing Company
- The Robinson Helicopter Company
- The Enstrom Helicopter Corporation
- Kaman Corporation
- Hiller Aircraft Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In October 2022, The United States Department of Defense awarded Boeing Defense, Space, and Security a new order worth USD 63 million for two additional Boeing CH-47F Block II Chinooks as part of the Army's ongoing efforts to modernize its fleet size.
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States Helicopter Market based on the below-mentioned segments:
United States Helicopter Market, By Type
- Civil & Commercial
United States Helicopter Market, By Weight
United States Helicopter Market, By Number of Engines
- Twin Engines
- Single Engines
United States Helicopter Market, By Application
- Business and Corporate Travel
- Air Ambulance
- Search and Rescue
- Media and Entertainment
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