The global helicopter market size was around USD 20 billion in 2020, expanding at a CAGR of 10.5% during the forecast period, 2021– 2028. The growth of the market is attributed to the increasing demand for low-weight helicopters and emergency medical services (EMS) helicopters.

Helicopter, also known as chopper, is an aircraft that have horizontally rotating blades, which provide propulsion and lift to it. This enables helicopters to take off and fly back and forth. It can reach high-altitude places more quickly than ground vehicles. EMS providers use helicopters to rescue patients and provide immediate treatment, increasing their chances of survival in critical situations.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing penetration of Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics in military combat helicopters have helped to create real time data-based systems. Thus, ongoing advancement is anticipated to spur the market growth.
- Rising urbanization, rapid growth in the transportation industry, rising government spending in the tourism sector, growing offshore oil and gas industry are some of the key drivers driving the helicopter market.
- Development, integration and maintenance of metrological systems across various platforms increase the operational costs of companies, hindering the market growth.
- Urban air mobility is a concept that combines helicopter’s electric-hybrid engine technologies and autonomous flight for inter-and intra-city mobility. These electric helicopters, also known as electric vertical take-off and landing (e-VTOL) aircraft, is expected to reduce noise and air pollution, creating remunerative opportunities for the market.
Scope of the Report
The report on the global helicopter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Helicopter Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Civil & Commercial and Military), Applications (Emergency Medical Service (EMS), Corporate Services, Search and Rescue Operations, Oil & Gas, Defense, Homeland Security, and Others), Systems (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), and Point of Sales (OEMs and Aftermarket)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Airbus SAS, Bell Helicopter Textron, The Boeing Company, Leonardo Spa, Lockheed Martin Corporation, Russian Helicopters, LSC, Kawasaki Heavy Industries, MD Helicopters, Inc., Korean Aerospace Industries, Ltd., Hindustan Aeronautics Limited, Robinson Helicopter Company, Other Players
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Global Helicopter Market Segment Insights
Civil & Commercial segment to account for a large market share
Based on types, the market is bifurcated into civil & commercial and military. In 2020, the civil & commercial segment accounted for majority of the market. Growing demand for EMS helicopters, offshore applications, and corporate services is driving the market segment. Increasing use of commercial helicopters in the inspection and maintenance of offshore oil rigs is anticipated to proliferate the demand for commercial helicopters in the oil & gas and offshore industries.

Emergency Medical Service (EMS) segment to account a key share
On the basis of applications, the market is divided into EMS, corporate services, search and rescue operations, oil & gas, defense, homeland security, and others. The EMS segment to account for a key market share during the forecast period. Increasing demand for medical services during natural calamities is driving the segment growth.
Engine segment to grow at a robust rate
In terms of systems, the market is segregated into airframe, engine, avionics, landing gear system, and cabin interiors. The engine segment is expected to dominate the market share during the projected period. This is attributed to advancement in hybrid-based engine technology as well as investments in single-engine maintenance, repair, and overhaul (MRO) services.
OEMs segment to acquire a large market share
Based on point of sales, the market is divided into OEMs and aftermarkets. The OEMs segment is expected to acquire a large market share of the helicopter market. Increasing demand for technologically advanced military and civil helicopters in Asia Pacific-based countries, particularly China and India, has resulted in the growth of the market segment.
North America to dominate the market
Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to hold a dominant position in the projected timeline. Growing government investment to strengthen the military fragment and early adoption of latest technologies are driving the regional market growth.
Segments
Segments Covered in the Report:
The global helicopter market has been segmented based on
Types
- Civil & Commercial
- Military
Applications
- Emergency Medical Service (EMS)
- Corporate Services
- Search and Rescue Operations
- Oil and Gas
- Defense
- Homeland Security
- Others
Systems
- Airframe
- Engine
- Avionics
- Landing Gear System
- Cabin Interiors
Point of Sales
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Airbus SAS
- Bell Helicopter Textron
- The Boeing Company
- Leonardo Spa
- Lockheed Martin Corporation
- Russian Helicopters
- LSC
- Kawasaki Heavy Industries
- MD Helicopters, Inc.
- Korean Aerospace Industries, Ltd.
- Hindustan Aeronautics Limited
- Robinson Helicopter Company
Competitive Landscape
Some of the leading manufacturers in the global helicopter market are Airbus SAS, Bell Helicopter Textron, The Boeing Company, Leonardo Spa, Lockheed Martin Corporation, Russian Helicopters, LSC, Kawasaki Heavy Industries, MD Helicopters, Inc., Korean Aerospace Industries, Ltd., Hindustan Aeronautics Limited, Robinson Helicopter Company, Other Players.
In June 2020, Morocco placed an order for 24 AH-64E Apache helicopters. The company has a contract with the US Army to produce and deliver the Moroccan Apaches.
In June 2020, Lockheed Martin Corporation inked a USD 375 million contract with the Indian Navy. The company is expected to customize hardware and software of 24 Sikorsky MH-60R anti-submarine warfare rotary-wing aircraft as part of this deal.
