South America Helicopters Market is expected to reach US$ 3,560.06 Mn by 2028

Single Rotor Segment to Dominate SAM Helicopters Market During 2021–2028    

According to a new market research study on “SAM Helicopters Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Weight, and Application” is expected to reach US$ 3,560.06 million by 2028 from US$ 2,779.47 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the SAM helicopters market along with the drivers and restraints pertaining to the market growth. Mounting military expenditure on advanced and lightweight helicopters and burgeoning demand for search and rescue (SAR) helicopters are the major factor driving the growth of the SAM helicopters market. However, limited adoption of advanced helicopters hinders the growth of SAM helicopters market.   

In case of COVID-19, SAM is highly affected, especially Brazil, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM's governments have taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and parts is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in general aviation and military helicopter production in the country has impaired the supply chain in Brazil. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM Helicopter market, especially in Brazil. Unfortunately, the COVID-19 outbreak has decimated the demand for aircraft (both fixed wing aircraft and helicopters), which reflected significantly lower volumes of orders among the airframe manufacturers, resulting in a lower number of airframe production. The decline in production volumes adversely affected the businesses of various component manufacturers.

The SAM helicopters market is segmented into type, weight, application, and country. In terms of type, the SAM helicopters market is bifurcated into single rotor, multi rotor and tilt rotor. The single rotor segment dominated the SAM helicopters market in 2020 and is expected to be fastest growing during forecast period. Based on weight, the SAM helicopters market is categorized into light weight, medium weight, and heavy weight. The light weight segment dominated the SAM helicopters market in 2020 and is expected to be fastest growing during forecast period. Based on application, the SAM helicopters market is categorized into commercial & civil and military. The commercial & civil segment dominated the SAM 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 SAM 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 welcomed Kopter’s SH09 into its helicopter portfolio as the AW09.    

The Report Segments the SAM Helicopters Market as Follows:

SAM Helicopters Market – By Type

• Single Rotor
• Multi Rotor
• Tilt Rotor 

SAM Helicopters Market – By Weight

• Light Weight
• Medium Weight
• Heavy Weight

SAM Helicopters Market – By Application

• Commercial & Civil
  • Transport
  • Emergency Rescue
  • Utility
  • Training
• Military
  • Attack and Reconnaissance
  • Maritime
  • Transport Search and Rescue
  • Training

SAM Helicopters Market – By Country

• Brazil     
• Rest of SAM