Helicopter Engines Market Growth Analysis | Increase in adoption of helicopters in multiple applications to drive growth
Trends, Drivers and Vendor Forecasts for 2022-2026
Decelerating at a CAGR of 3.59%, the helicopter engines market is expected to post an incremental growth of $ 2.80 billion over the next five years. General Electric Co., Hindustan Aeronautics Ltd., Honeywell International Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Rolls-Royce Plc, Rostec State Corp., Safran SA, and Turkish Aerospace Industries Inc. are among the key market players.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Helicopter Engines Market: Market Segments and Key Trends
The Helicopter engines market is segmented by End-user (Military and Commercial) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 45% of the market growth set to originate from this region during the forecast period. The US is the key market for helicopter engines market in North America. Market growth in this region will be faster than the growth of the market in South America and Europe.
Barriers in adoption of new technology and equipment is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Helicopter Engines Market: Top Drivers to Boost Demand
Increase in adoption of helicopters in multiple applications is one of the primary factors driving the growth of the helicopter engines market. Helicopters are cost-effective compared with fixed-wing aircraft due to low purchase and operating costs. They have the ability to lift and hover over heavy loads makes them ideal for placing or removing large objects from inaccessible locations. In addition, police departments and other law enforcement agencies use helicopters to search for and pursue suspects as these crafts can provide an aerial view to report suspects' locations and movements. Advancements in helicopter technology, coupled with efficient and safe operations, have increased the demand for helicopters for various applications.
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
- Helicopter Engines Market Split by End-user
- Helicopter Engines Market Split by Geography
- North America
- Europe
- APAC
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- General Electric Co.
- Hindustan Aeronautics Ltd.
- Honeywell International Inc.
- Kawasaki Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd.
- Raytheon Technologies Corp.
- Rolls-Royce Plc
- Rostec State Corp.
- Safran SA
- Turkish Aerospace Industries Inc.
Browse through some of our other related reports for more market insights:
- Helicopter Market: Helicopter market is set to post an incremental growth of 119.00 units during 2021-2025. The market will decelerate at a CAGR of 2.61% during the forecast period.
- Helicopter Avionics Market: The Helicopter Avionics Market is projected to post an incremental growth of $ 584.70 million, at a CAGR of 7.37% till 2025.
- Helicopter Tourism Market: The helicopter tourism market is set to post an incremental growth of $ 871.35 million, decelerating at a CAGR of over 17.31% during the forecast period.
- Helicopter Blades Market: Technavio has been monitoring the helicopter blades market and it is expected to grow by $ 122.26 million, accelerating at a CAGR of almost 4% during the forecast period.
- Rotorcraft Blade System Market: Technavio research projects the rotorcraft blade system market to grow by $ 90.65 million, accelerating at a CAGR of over 1% till 2024.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 3.59%.
- What is the incremental growth of the market?
The market is expected to grow by $ 2.80 bn through 2022-2026.
- What is a key factor driving this market?
Increase in adoption of helicopters in multiple applications will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
45% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are General Electric Co., Hindustan Aeronautics Ltd., Honeywell International Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Rolls-Royce Plc, Rostec State Corp., Safran SA, and Turkish Aerospace Industries Inc.
- What are the market segments covered in this report?
The market is segmented by End-user (Military and Commercial) and Geography (North America, Europe, APAC, South America, and MEA)
