Report : Asia Pacific Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Single Rotor, Multi Rotor, and Tilt Rotor), Weight (Light Weight, Medium Weight, and Heavy Weight), and Application (Commercial & Civil and Military)
Commercial & Civil Segment to Dominate APAC Helicopters Market During 2021–2028
According to a new market research study on “APAC Helicopters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 15,107.16 million by 2028 from US$ 8,888.12 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The report provides trends prevailing in the APAC helicopters market along with the drivers and restraints pertaining to the market growth. Mounting demand due to aging helicopter fleet and rising development of unmanned helicopters and use of advanced materials and technology are the major factor driving the growth of the APAC helicopters market. However, insufficient adoption of advanced helicopters hinders the growth of APAC helicopters market.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China, which is one of the leading aerospace manufacturing countries in the region, was one of the most affected countries in APAC during Q1 of 2020. Due to this, aircraft and aircraft component manufacturing facilities have been severely affected. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkably lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players. Currently, India is experiencing a massive outbreak of the second wave of COVID-19, leading the state governments to impose temporary lockdown measures. This factor is highlighting restrictions in helicopter production facilities. The helicopter manufacturers in India such as Hindustan Aeronautics Limited (HAL) and Tata Advanced Systems Limited (TASL), have been observing substantial disruption in the supply chain of several components, which is restraining the companies from producing pre-COVID production volumes. Hence, the domestic and international Helicopter market players supplying their products to HAL and TASL are witnessing a decline in sales.
The APAC helicopters market is segmented into type, weight, application, and country. In terms of type, the APAC helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the APAC helicopters market in 2020 and is expected to be fastest growing during forecast period. Based on weight, the APAC helicopters market is categorized into light weight, medium weight, and heavy weight. The medium weight segment dominated the APAC helicopters market in 2020 and light weight segment is expected to be fastest growing during forecast period. Based on application, the APAC helicopters market is categorized into commercial & civil and military. The commercial & civil segment dominated the APAC helicopters market in 2020 and military segment is expected to be fastest growing during forecast period. Further, commercial & civil segment is bifurcated into the transport, emergency rescue, utility, and training. The transport segment dominate the market in 2020. The military segment is also divided into the attack and reconnaissance, maritime, transport search and rescue, and training. The attack and reconnaissance segment dominate the market in 2020.
Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; and Russian Helicopters are among the leading companies in the APAC helicopters market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, MD HELICOPTERS SECURES $34 MILLION ARMY CONTRACT.
The Report Segments the APAC Helicopters Market as Follows:
APAC Helicopters Market – By Type
- Single Rotor
- Multi Rotor
- Tilt Rotor
APAC Helicopters Market – By Weight
- Light Weight
- Medium Weight
- Heavy Weight
APAC Helicopters Market – By Application
- Commercial & Civil
- Emergency Rescue
- Attack and Reconnaissance
- Transport Search and Rescue
APAC Helicopters Market – By Country
- South Korea
- Rest of APAC
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