Elevating Aviation: Exploring the Helicopters Market

[Pramod Kumar]

The aviation industry has been registering growth across the globe, majorly in emerging economies. Original equipment manufacturers in developed countries are increasingly trying to penetrate the aviation industry in countries including India and China. 

Owing to this, the performance of helicopters has been enhanced as well. Moreover, the requirement for high-performance helicopters has been increasing from the oil & gas industry. In the industry, helicopters are used for ferrying personnel between the offshore rigs and the land. As industries are growing, they are creating demand for more innovative helicopters, which is projected to lead to increased spending in the domain in the years to come.  

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Helicopters are of two types, namely civil helicopters and military helicopters, between which, the demand for military helicopters has been higher in the past. Helicopters are primarily used in the military and defense sector for a number of applications, such as light utility, search & rescue, maritime, reconnaissance, medium utility, heavy cargo, and attack. The demand for attack helicopters has been the highest in the past, however, the demand for medium utility helicopters is also projected to rise in the years to come. 

The requirement for light helicopters is predicted to be the highest in the coming years. Geographically, North America emerged as the largest helicopter market in the past, owing to the rising investments in the industry for developing helicopters with improved functionalities. Moreover, the demand for helicopters is also growing from the oil & gas industries in the region. Other than this, Latin America is also projected to create high demand for helicopters in the coming years. 

In conclusion, technological advancements, high demand for emerging economies, and increasing requirement from oil & gas industry are driving the market.