The Helicopter-Based Transportation Market is being driven by Rise of super medium helicopters
The Helicopter-Based Transportation Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1883.9 million. Helicopter-based transportation offers distinct advantages for businesses operating in challenging terrain or hard-to-reach locations. With the ability to land in areas exceeding their rotor disc area, helicopters provide unparalleled accessibility. Compared to fixed-wing aircraft, they offer lower purchase and operating costs, making them a cost-effective solution for certain applications. However, their mechanical complexity and limited speed range and capacity must be considered. Civil applications for helicopters include aerial cranes, which utilize their lifting and hovering capabilities to place or remove heavy objects from inaccessible sites.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.8% |
Market growth 2025-2029 |
USD 1883.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.6 |
Key countries |
US, UK, Canada, China, France, Germany, India, Japan, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Helicopter-based transportation plays a vital role in various sectors, including agriculture, energy, and the renewable industry. It is utilized for heavy-lift missions in mining and oil and gas industries, medical transport, search and rescue, firefighting, and commercial transportation services. Helicopters are essential for wind farm development, with their ability to transport giant wind turbine components and survey wind farms. In the military, they are used for tactical purposes, such as troop transport and surveillance. Helicopters offer backward compatibility with non-winged aircraft for cargo transportation and passenger tours. Government contracts also drive demand for helicopter-based transportation in hydropower construction and other commercial purposes.
The Helicopter-Based Transportation Market encompasses businesses offering helicopter services, including transportation, engineering, pilot training, and logistics for various sectors such as military contracts, offshore wind energy, and oil and gas. According to Technavio, the market size is determined by the revenue generated by these companies. Key drivers for market growth include increasing demand for wind energy jobs and wind farm operations, necessitating helicopter services for wind turbine installation and maintenance. Furthermore, military contracts for helicopter logistics and the use of medium helicopters for troop transportation contribute to market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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