Europe Helicopters Market

Market Introduction

The governments have set a huge budget for upgrade and procurement of military equipment. In December 2018, the NSPA Aviation Programme completed the procurement of a new H215 Super Puma helicopter for the Spanish Air Force. The helicopter configuration with its specific mission equipment allows the performance of search and rescue (SAR) missions. This configuration includes additional fuel tanks to increase the operational range and an emergency floatation system to allow missions over the sea to be conducted. The cockpit of the helicopter incorporates advanced technologies with multi-functional displays and allows night vision goggles operations. Not only Spain but other countries such as the UK and Germany have also invested in advancing their search and rescue (SAR) helicopters, thereby creating demand for commercial helicopters. In 2019, the Italian government decided to procure the AW169M—a twin-engine, 10-seat, 4.8t helicopter—developed and manufactured by the helicopter division of Leonardo. The purchase decision was made under the broad Armed Forces Procurement Program. There was a mention of all the technical specifications that included a dedicated configuration of emergency floatation system, traffic collision avoidance system, and helicopter terrain awareness warning system, among others. Rising military expenditure on advanced and lightweight helicopters and growing demand for search and rescue (SAR) helicopters are the major factor driving the growth of the Europe helicopters market.

In case of COVID-19, Europe is highly affected specially the Russia and UK. In Europe, several countries have been experiencing a continuous surge in the number of COVID-19 infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The COVID-19 outbreak has affected each aviation business stakeholders' business in the region. Several contracts to acquire helicopters and aircraft were suspended in order to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has negatively affected the European and international helicopter market players. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturers (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the Helicopter market players' businesses have been severely affected across Europe region.

Market Overview and Dynamics

The Europe helicopters market is expected to grow from US$ 10,443.48 million in 2021 to US$ 16,383.49 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. Increasing development of unmanned helicopters and use of advanced materials and technology will accelerate the market growth. Unmanned helicopters are intended to support both civilian and security missions. They are also capable of delivering cargo to hard-to-reach areas without airfields. The ILX-27 is unmanned helicopter developed by Institute of Aviation in Warsaw and Air Force Institute of Technology (AFIT) – Polish scientific and research organization. It was first unveiled in 2012. Alpin is another long-range unmanned helicopter being developed jointly by UAVOS and TITRA, a Turkish engineering company. Apart from the development of unmanned helicopters, there yet another key trend in the market. Original equipment manufacturers (OEMs) are increasingly using parts produced with carbon fiber reinforced plastics composite (CFRP) material. This material is being predominately used because it provides consistent strength to various parts of helicopters providing them higher corrosion resistance and reducing their weight. OEMs that use CFRP material include Airbus S.A.S and Boeing Corporation. Further, OEMs are significantly using artificial intelligence to improve the aircraft production and enhance the safety provision of aircrafts. For instance, Boeing Corporation has developed machine-learning algorithms to design aircraft and automate factory operations.

Key Market Segments

In terms of type, the single rotor segment accounted for the largest share of the Europe helicopters market in 2020. In terms of weight, the medium weight segment held a larger market share of the Europe helicopters market in 2020. Further, the commercial & civil segment held a larger share of the Europe helicopters market based on application in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe helicopters market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.

Reasons to buy report

• To understand the Europe helicopters market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe helicopters market
• Efficiently plan M&A and partnership deals in Europe helicopters market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe helicopters market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Helicopters Market Segmentation
Europe Helicopters Market - By Type

• Single Rotor
• Multi Rotor
• Tilt Rotor 

Europe Helicopters Market - By Weight

• Light Weight
• Medium Weight
• Heavy Weight

Europe Helicopters Market - By Application

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

Europe Helicopters Market - By Country

• Germany
• France  
• Italy
• UK
• Russia
• Rest of Europe

Europe Helicopters Market - Company Profiles

• Airbus S.A.S.
• Bell Textron Inc.
• Boeing    
• Enstrom Helicopter Corp.
• Kaman Corporation
• Leonardo S.p.A.
• Lockheed Martin Corporation
• MD Helicopters, Inc.
• Russian Helicopters

Europe Helicopters Market Strategic Insights

Europe HelicoptersMarket Report Highlights

Europe Helicopters Market Country and Regional Insights