At 4.0% CAGR, Europe Helicopter MRO Market is Projected to be Worth US$ 10,221.05 Million by 2030, says Business Market Insights.

According to Business Market Insights' research, the Europe helicopter MRO market was valued at US$ 7,456.46 million in 2022 and is expected to reach US$ 10221.05 million by 2030, registering a CAGR of 4.0% from 2022 to 2030. Growing research and development activities for hybrid and electric helicopter are among the critical factors attributed to the Europe helicopter MRO market expansion.

Electrification of the fleet is rising in the transportation sector owing to growing awareness of sustainability, with no exception for the helicopter industry. According to Airbus, hybrid-electric helicopters can reduce aircraft CO2 by 10%. Thus, many helicopter manufacturers focus on research and development activities to develop hybrid and electric helicopters. In September 2021, Airbus Helicopters began flight testing of its new engine backup system (EBS) in collaboration with the French Civil Aviation Authority. The initiative paved the way for a future hybridized propulsion solution for light helicopters while also bringing immediate flight safety improvements. In April 2021, Leonardo Helicopters announced its plans to develop a hybrid-electric-powered light helicopter that might be available in the second half of this decade. In March 2023, Sikorsky and GE Aerospace announced their plans to build a completely autonomous hybrid-electric vertical take-off and landing (VTOL) demonstrator that could be commercialized in 2026.

On the contrary, lack of workforce in industry helicopter MRO market manufacturers hurdles the growth of Europe helicopter MRO market.

Based on component, the Europe helicopter MRO market is categorized into airframe maintenance, engine maintenance, component maintenance, and line maintenance. The engine maintenance segment held 47.0% market share in 2022, amassing US$ 3,501.79 million. It is projected to garner US$ 5,035.41 million by 2030 to expand at 4.6% CAGR during 2022-2030.

In terms of helicopter type, the Europe helicopter MRO market is categorized into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held 48.6% share of Europe Helicopter MRO market in 2022, amassing US$ 3,620.36 million. It is projected to garner US$ 4,941.26 million by 2030 to expand at 4.0% CAGR during 2022-2030.

By end user, the Europe helicopter MRO market is bifurcated into commercial and military. The military segment held 71.5% share of Europe Helicopter MRO market in 2022, amassing US$ 5,330.07 million. It is projected to garner US$ 7,422.82 million by 2030 to expand at 4.2% CAGR during 2022-2030.

Based on country, the Europe helicopter MRO market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 33.8% share of Europe helicopter MRO market in 2022. It was assessed at US$ 2,522.22 million in 2022 and is likely to hit US$ 3,342.95 million by 2030, exhibiting a CAGR of 3.6% during 2022-2030.

Key players operating in the Europe helicopter MRO market are Heliconia France SAS, Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA, among others.

• In January 2023, The acquisition of ZF Luftfahrttechnik by Airbus Helicopters has now been finalized, as all the necessary regulatory approvals have been obtained. With over 100 years of experience in the aviation industry, the company will now operate under the name Airbus Helicopters Technik GmbH as a wholly-owned subsidiary located in Kassel-Calden. The world-leading manufacturer of dynamic components for light and medium helicopters including related services with a global customer base is also a national leader with regards to the MRO for dynamic components of military helicopters.
  
  
• In November 2022, NIDV's Exhibition Defence & Security (NEDS) Elbit Systems and Fokker Services Group signed an agreement to provide advanced, proven military flight training capabilities. Under the cooperation scheme Fokker Services Group will add its considerable MRO expertise and capacity to Elbit Systems' comprehensive portfolio of advanced flight training solutions that can be optimised to meet domestic requirements.
  
  

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