The   helicopter market share   was valued at USD 67.46 billion in 2023 and is projected to increase from USD 74.52 billion in 2024 to USD 97.13 billion by 2032, registering a CAGR of 3.4% during the forecast period. North America dominated the market in 2023, accounting for 55.34% of the global share, supported by strong defense investments, robust aerospace infrastructure, and growing civil aviation demand. Within the region, the U.S. helicopter market is expected to witness substantial growth, reaching USD 45.26 billion by 2032, driven by rising military procurement and increasing civil helicopter deliveries.

The growth of the global helicopter market is further supported by technological advancements, such as the integration of next-generation avionics, lightweight composite materials, and hybrid-electric propulsion systems. Additionally, the rising demand for helicopters in emergency medical services (EMS), search and rescue operations, and offshore transportation continues to create significant opportunities for manufacturers and service providers. These trends, coupled with modernization programs and fleet replacement initiatives, are expected to sustain long-term growth across both military and civil aviation sectors.

List of Key Players Profiled in the Helicopter Market Report

• Airbus S.A.S (Netherlands)
• Textron Inc. (U.S.)
• Leonardo S.p.A. (Italy)
• Lockheed Martin Corporation (U.S.)
• The Boeing Company (U.S.)
• Rostec (Russia)
• The Robinson Helicopter Company (U.S.)
• Kawasaki Heavy Industries Ltd. (Japan)
• Hindustan Aeronautics Limited. (India)
• Kaman Corporation (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685

Segmentation:

The helicopter market is segmented by type into civil & commercial and military; by number of engines into single engine and twin engine; and by maximum take-off weight (MTOW) into less than 3,000 kg, 3,000–9,000 kg, and greater than 9,000 kg. Based on application, the market includes emergency medical services, corporate services, search and rescue operations, oil & gas, defense, homeland security, and others. By point of sale, it is divided into new and pre-owned. Geographically, the market is classified into North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and the Middle East & Africa (U.A.E., Israel, South Africa, and Rest of the Middle East & Africa), with each region further segmented by type, engine configuration, MTOW, application, and point of sale.

Report Scope & Segmentation: Helicopter Market Share

Market Size Value in 2023: USD 67.46 Billion

Market Size Value in 2024: USD 74.52 Billion

Market Size Value in 2032: USD 97.13 Billion

Growth Rate: CAGR of 3.4% (2024-2032)

Study Period: 2019-2032

Base Year: 2023

Historical Data: 2019-2022

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Demand for Air Ambulance Services to Propel Market Growth

Demand for air ambulance services is projected to drive the helicopter market growth. The demand for air ambulance services has been increasing as they are one of the fastest means of transportation due to their quickness to offer transportation to critical patients. Their ability to reach remote and inaccessible areas makes them an ideal option for transporting patients to medical facilities with speed and efficiency. The demand for ambulance services is set by the growing elderly population, rise in chronic diseases, and the requirement for prompt medical attention during emergencies.

However, delivery backlogs, high operational, and maintenance costs to impede the market expansion.

Regional Insights

North America to Dictate Market Share Due to   Modernization and Expansion of Military

North America held the dominating helicopter market share in 2022 due to modernization and expansion of the military fleet. In June 2022, Lockheed Martin Corp received a five-year contract for USD 2.3 billion to manufacture a minimum of 120 H-60M Black Hawks as the U.S. military seeks a successor to its existing fleet. The five-year contract includes an option for 135 additional aircraft worth USD 4.4 billion, available to the Army, U.S. agencies, and allies.

Europe has held the second-largest share as helicopters are used for the transportation of offshore wind farms and maintenance of wind turbines.

Asia Pacific is the fastest-growing region in the market due to defense spending by emerging countries and increasing demand for lightweight helicopters.

Competitive Landscape

New Product Launches by the Key Market Players to Boost Market Progress

The market has key players such as Airbus S.A.S, Textron Inc., Leonardo S.p.A., Lockheed Martin Corporation, The Boeing Company, and others. The key players have been adopting strategies such as mergers, acquisitions, product launches, collaborations, and partnerships. In December 2022, Airbus SAS launched DisruptiveLab for the improvement of rotorcraft performance. DisruptiveLab is a flying laboratory that is designed to test technologies that can enhance the performance of aircraft and reduce CO2 emissions.

Key Industry Development

December 2023:   U.K.-based startup Hill Helicopters unveiled the first prototypes of its HX50 single-engine light helicopter. The two completed aircraft feature distinct landing gear configurations—one with skid landing gear and the other with wheeled landing gear.

August 2023:   The U.S. State Department approved Poland's request to purchase 96 Boeing AH-64E Apache helicopters along with related equipment, in a deal valued at approximately USD 12 billion. If completed, this acquisition would make Poland the largest operator of the AH-64E outside the United States.