- A new Technavio report offers helicopter market segmentation based on end-users (Civil Aviation Sector and Defense Sector). It also includes an analysis of the key geographies in APAC (Japan, China, and South Korea). Leading vendors mentioned in the report are AgustaWestland, Airbus Helicopters, Bell Helicopters, Russian Helicopters, and Sikorsky Aircraft.
Technavio has released updated information on the helicopter market, with the publication of its new report, Helicopter Market in APAC 2015-2019. In the APAC region, Japan has the most developed fleet and accounts for close to 800 helicopters. The heavy and medium helicopter segments are the most popular ones in Japan and find application in coastal guard duties, police work, and special activities of the National Police Agency.
The helicopter market in APAC is set to grow at a rate of over 15% during the forecast period of 2014-2019. In Southeast Asia, the market is experiencing rapid growth and will grow at a rate of close to 8%. High growth rate can be attributed to its strong operational base and its offshore oil and gas exploration activities.
“Increasing offshore oil and gas exploration by countries in the APAC region increase the demand for light commercial helicopters. High demand from the civil aviation sector coupled with the increasing helicopter replacement cycle augments the prospects of growth in this market. Corporate applications, general utilities, and emergency medical services bolster the demand for helicopters in the civil aviation sector. At present, the civil helicopter fleet in APAC has surpassed 2,400 units,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
Helicopter Market by Civil Aviation Sector
Source: Technavio Research
The light helicopter segment is the most rapidly growing segment in APAC. Its high demand is a direct result of its increasing applicability in the emergency medical services industry. Light helicopters are also used in the transportation of VIPs across various locations. Recently, it has been noticed that the manufacturers are designing helicopters that are versatile in nature. Thus, eliminating the need for purchasing different types of helicopters for different roles. Growing investment in helicopter R&D ensures performance improvements, reduced rate of failure, and improved user experience.
Key vendors in this region are AgustaWestland, Airbus Helicopters, Bell Helicopters, Russian Helicopters, and Sikorsky Aircraft. The same vendors are also mentioned in Technavio’s report, Global Military Helicopter MRO Market 2014-2018 and Global Helicopter Market 2014-2018.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. A SWOT analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
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