Report : Middle East and Africa 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)
Military Segment to Dominate MEA Helicopters Market During 2021–2028
According to a new market research study on “MEA Helicopters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 2,835.26 million by 2028 from US$ 2,261.45 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the MEA helicopters market along with the drivers and restraints pertaining to the market growth. Mounting development of unmanned helicopters and use of advanced materials and technology and increasing demand due to aging helicopter fleet are the major factor driving the growth of the MEA helicopters market. However, inadequate adoption of advanced helicopters hinders the growth of MEA helicopters market.
In case of COVID-19, MEA is highly affected especially South Africa. The MEA helicopter market is majorly affected by the disruption in the supply chain. Owing to the closure of countries' borders, the supply chain of several components and parts has been disturbed. South Africa has a few helicopter manufacturers, which produce general aviation helicopters. The widespread COVID-19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. Additionally, the disruption in the supply chain business due to the trade ban has also adversely affected the country’s helicopter manufacturing process. On the other hand, Saudi Arabian government spends substantial amounts toward its military force, law enforcement teams, and firefighting teams, thereby continuously supporting the teams with upgraded technologies in order to remain mission ready. However, the COVID-19 outbreak in the country has impacted and postponed a number of helicopter procurement deals.
The MEA helicopters market is segmented into type, weight, application, and country. In terms of type, the MEA helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the MEA helicopters market in 2020 and is expected to be fastest growing during forecast period. Based on weight, the MEA helicopters market is categorized into light weight, medium weight, and heavy weight. The medium weight segment dominated the MEA helicopters market in 2020 and light weight segment is expected to be fastest growing during forecast period. Based on application, the MEA helicopters market is categorized into commercial & civil and military. The military segment dominated the MEA helicopters market in 2020 and is also 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; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; and MD Helicopters, Inc. are among the leading companies in the MEA 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 2021, Leonardo enhanced its customer service growth strategy by opening a Helicopter Training Academy in the US.
The Report Segments the MEA Helicopters Market as Follows:
MEA Helicopters Market – By Type
- Single Rotor
- Multi Rotor
- Tilt Rotor
MEA Helicopters Market – By Weight
- Light Weight
- Medium Weight
- Heavy Weight
MEA Helicopters Market – By Application
- Commercial & Civil
- Emergency Rescue
- Attack and Reconnaissance
- Transport Search and Rescue
MEA Helicopters Market – By Country
- South Africa
- Saudi Arabia
- Rest of MEA
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