Commercial Helicopters Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Commercial Helicopters Market Analysis:

The estimated size of the Commercial Helicopters Market in 2023 is USD 743.40 million, and it is projected to reach USD 959.23 million by 2028, with a compound annual growth rate (CAGR) of 5.23% during the forecast period of 2023–2028. The COVID-19 pandemic has had a significant impact on the market, resulting in economic constraints, reduced travel and tourism activities, and decreased industrial output. In 2020, many commercial end users experienced losses and a decline in helicopter flight activity. Additionally, supply chain disruptions in the aviation sector led to a substantial decrease in deliveries. However, there has been a notable increase in helicopter fleet activity in 2021.

The demand for commercial helicopters has been driven by their increased usage in various sectors such as tourism, medical and emergency rescue services, transportation, and offshore helicopter services. Furthermore, the growth of the market is expected to be propelled by the replacement of aging commercial helicopters and the development of new helicopter models with advanced technologies like electric-hybrid propulsion by key market players. However, the market growth is being restrained to some extent by the gradual substitution of helicopters by drones in certain applications within the commercial sector. Drones offer a cheaper cost of operation and reduced risk to humans, which has led to a reduction in the use of helicopters in these specific areas across the industry.

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