On the basis of type, the helicopter market is subdivided into military and civil & commercial. Among both types, the military segment accounted for the largest share in the market, due to increased demand in developing countries, and augmented need for advanced defense equipment. In addition, civil & commercial segment is expected to have higher growth in the market due to mounting demand in medical service, firefighting, tourism, general utility and law enforcement.
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On the basis of application, the market is subdivided into the military application and civil & commercial application. Among both applications, the military application accounted for the largest share in the helicopters market due to its exclusive maneuverability characteristics, and enhanced technologies that the helicopters are armed with.
On the basis of component and systems, the market is subdivided into airframe and engine. Among all component and systems, the airframe accounted for the largest share in the helicopters market.
Technological advancements such as electro-optical and infrared systems (EOIR), electronic flight instruments (EFI), improved flight vision systems (EFVS) for the heliport, ultra-light multi-mode radar, multirole combat helicopters with incorporated avionics and weapons and improved innovative cockpits and mounting digital helicopter condition-monitoring are the trends in the helicopters market.
The augmented requirement for EMS (Emergency Medical Services) helicopters, mounting need for military helicopters, mounting use of helicopters in disaster relief, and a mounting need for lightweight helicopters are the primary growth drivers for helicopters market.
Airbus Helicopters SAS, Korea Aerospace Industries, Ltd., Lockheed Martin Corporation, Bell Helicopter Textron Inc., Robinson Helicopter Company, Turkish Aerospace Industries, Inc., Leonardo S.P.A., Kawasaki Heavy Industries, Ltd., Boeing, Md Helicopters, Inc., and Hindustan Aeronautics Limited (HAL) are the key players offering helicopters.
Source: VynZ Research