Research and Markets has announced the addition of the “Global Helicopters Market Forecast and Opportunities, 2019” report to its offering.
The global helicopter market is expected to witness a Compound Annual Growth Rate (CAGR) of around five per cent during 2014-19.
Despite having a considerably smaller share in global helicopter market, Latin America is expected to witness fastest growth among all other regions over the next five years, and therefore, Latin America is considered as the most promising market among global helicopter manufacturers.
Bell Helicopters, Airbus Helicopters, Russian Helicopters, AgustaWestland, Boeing, NH Industries, Kaman Corporation, Robinson Helicopters and Hindustan Aeronautical are some of the prominent players operating in global helicopter market.
Owing to growing penetration in the defense sector, coupled with strong presence in civil helicopter market, the market share of Bell Helicopters in global helicopter market is projected to increase over the forecast period.
Global Helicopters Market Forecast & Opportunities, 2019 discusses the following aspects related to global helicopter market:
Global helicopters market has exhibited growth in revenues over the last few years.
The market is primarily divided into two segments: civil helicopters and defense helicopters, wherein demand for civil helicopters is driven by oil and gas exploration activities, while the demand for defense helicopters is driven by need for advanced defense equipment.
Russia and CIS helicopter market is currently dominated by defense helicopter segment, which is expected to maintain its dominance over the next five years.
The market share of this region is expected to rise due to increase in defense spending and Russian government plans for helicopter fleet up-gradation.
On the other hand, North America and Europe are witnessing a decline in growth rate in helicopter market, owing to defense budget cuts, as a result of which their respective shares in the market are expected to fall.
Backed by rapidly growing demand for commercial and defense helicopters in countries like China, India, Japan and Indonesia, Asia-Pacific emerged as the most prominent market for helicopters in 2013.
