Future Market Insights
Rising use of helicopters in transportation, touring, and VIP movement has fuelled the demand for helicopters over the past few years. Helicopters can be employed in emergency situations as well, since they offer enormous manoeuvrability especially in small space and can reach to any affected area avoiding all the traffic on road as well as any natural calamity such as earthquake and flood. Moreover, these helicopters are equipped with passenger seats, better sound proofing capabilities, and air conditioning. Manufacturers are trying to make more visually appealing, carpeted interior and glossy finished commercial helicopters.
The commercial helicopters can be used in the tourism industry, oil & gas transport, and VIP or corporate shuttle. In tourism industry, tour companies hire or purchase the fleet of helicopters for the transportation of the tourists offering aerial viewpoints of the tourist places. Secondly, corporate shuttle and VIP are preferred by leasing companies, VIP service or corporates. These helicopters are featured with advanced cabin comfort features. Thirdly, oil & gas support duties include pipeline patrols and light lift cargo flights.
Commercial Helicopter Market: Dynamics
The increasing per capita income coupled with aging fleet is expected to fuel the demand for global commercial helicopter market. Moreover, growing tourism industry is further expected to upsurge the demand for commercial helicopter market during the forecast period. However, stringent emission norms and high cost associated with helicopters can act as challenges for the growth of commercial helicopter market. Most of the countries impose tax on commercial helicopters, thereby hampering the growth to an extent.
Helicopters produce sound level up to 110 decibels that is slightly less than the noise produced by a large chainsaw. The pressure on helicopter manufacturers to make more eco-friendly helicopters is likely to rise in the near future owing to the increasing number of rotorcrafts entering service. The developing countries such as Brazil, India and China are experiencing increase in demand for commercial helicopters owing to the growing tourism industry. Moreover, manufacturers expect that attractive financing schemes will encourage market sales, as consumers are getting favourable terms on purchase of new helicopters.
Commercial Helicopter Market: Outlook
Commercial helicopters cause pollution in two ways: gas emission from engine and noise pollution through its blades. Airframe and engine manufacturers are under immense pressure from environmental activists and governments to reduce the impact of rotorcrafts. Asia Pacific and Europe are estimated to be the promising markets for the delivery of helicopters in the upcoming decade. In Europe, the Clean Sky initiative by private/public partnership involving EU is developing technologies, which can be implemented in the production of new aircrafts. Similarly, Green Rotorcraft project is also taking initiatives to reduce emissions from commercial helicopters. Moreover, FAA (Federal Aviation Administration) imposed new rules on helicopter air ambulance services.
Commercial helicopters are often the transportation option available to reach remote locations and hence play an important role by supporting lifesaving missions such as medical emergencies and rescue & search operations. The commercial helicopter fleet is also used for commerce and businesses such as in filmmaking, mineral, oil & gas, tourism, and mining.
Commercial Helicopter Market: Segmentation
On the basis of size, the commercial helicopter market can be segmented into:
On the basis of engine type, the commercial helicopter market can be segmented into:
Commercial Helicopter Market: Market Participants
Examples of some of the market participants in the global commercial helicopter market identified across the value chain include-
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