Helicopter MRO Market is projected to hit USD 32.12 billion by 2032 at a CAGR of 5.65% by Keyplayers and Vendors:Airbus Helicopters, Leonardo S.p.A, Turbomeca (Safran), Rolls Royce Holdings PLC, Bell Helicopter, Sikorsky Aircraft, MTU Maintenance, Pratt & Whitney, Heli-One, StandardAero, Honeywell Aerospace, RUAG Aviation, Robinson Helicopter, Russian Helicopter, Mid-Canada Mod Center, Transwest Helicopters
A market study Global examines the performance of the Helicopter MRO market is projected to hit USD 32.12 billion by 2032 at a CAGR of 5.65%. The increased use of commercial helicopters and the rise in the outsourcing of MRO services are poised to fuel business growth.
Pivotal players studied in the Helicopter MRO report:
Airbus Helicopters, Leonardo S.p.A, Turbomeca (Safran), Rolls Royce Holdings PLC, Bell Helicopter, Sikorsky Aircraft, MTU Maintenance, Pratt & Whitney, Heli-One, StandardAero, Honeywell Aerospace, RUAG Aviation, Robinson Helicopter, Russian Helicopter, Mid-Canada Mod Center, Transwest Helicopters
Get free copy of the Helicopter MRO report 2022: https://www.mraccuracyreports.com/report-sample/381455
Recent Development
December 2020: Erickson Integrated, the world’s leading utility aircraft operator, maintainer, and manufacturer, declared final FAA approval for the S-64F and CH-54B composite main rotor blades. The advanced design of the blades, especially in hot and high temperatures, provides a significant performance advantage.
December 2020: South Korea’s lone aircraft maker, Korea Aerospace Industries Co. (KAI), received a USD 958 million helicopter contract from the state military procurement department. Under the agreement with the Administration of the Defense Acquisition Program (DAPA), KAI will provide the Army with the Surion (KUH-1) transport utility helicopter by 2024.
Report Overview
By Type
- Airframe Heavy Maintenance
- Engine Maintenance
- Component Maintenance
- Line Maintenance
By Helicopter Type
- Light Helicopter (<3.1 Tons)
- Medium Helicopter (3.1–9.0 Ton
- Heavy Helicopter (>9.0 Tons)
By Application
- Civil
- Military
MARKET SEGMENTATION
- On the basis of type, the market is segmented as airframe heavy maintenance, engine maintenance, component maintenance, and line maintenance. On the basis of category, the market is segmented into natural and synthetic.
- on the basis of helicopter type, the market is segmented as light helicopter, medium helicopter, and heavy helicopter.
- on basis of application, the market is segmented as commercial and military.
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MARKET DYNAMICS
Drivers:
- High demand for civil helicopters and offshore operations worldwide.
- Increasing acceptance of helicopter modifications.
Restraints
- Environmental threats
- Development of next-generation helicopters
Market Dynamics
Drivers
Growing Offshore Activities to Drive Market Growth
The increasing global demand for civil helicopters is the main factor driving the growth of the civil helicopter MRO industry. Many of this demand may be attributed to reasons such as the increase in offshore activity, increased usage by law enforcement agencies, search and rescue operations, and evacuation of medical emergencies. This increase in demand for civil helicopter services will foster the need for MRO services, which in turn will fuel growth prospects in the global MRO civil helicopter services sector over the forecast period. The increasing worldwide demand for helicopters is the main factor driving the growth of the helicopter MRO industry. This increase in demand for civil helicopters will foster the need for MRO services, which in turn will fuel growth prospects in the global MRO helicopter services industry over the forecast period.
Opportunities
Growing Adoption of Helicopter Modifications to Create Growth Opportunities
Increased use of composites would stimulate growth opportunities in this market during the forecast period. In helicopters, composites play a crucial role in the construction of seats, engine bay frames, and fuselage. Factors such as its high-cost efficiency increased strength, corrosion-resistant properties, chemical inertness, high fatigue, ease of manufacture, high strength-to-weight ratio, design durability, and lower component count will increase its acceptance during the forecast period.
Restraints
Environmental Regulations to Impede Market Growth
However, environmental risks and the development of next-generation helicopters can obstruct the growth of the sector. In addition, strict government rules are likely to limit business expansion.
Segmental Analysis
The Global Helicopter MRO Market was segmented by type, helicopter type, application and region.
By Type
By type, the market was categorised as heavy maintenance airframe, engine maintenance, part maintenance, and line maintenance. Device servicing involves a number of small and large parts in helicopters. Since spare parts and subsystems for helicopters are widely available, the costs involved in the repair of components are smaller relative to other types of maintenance.
By Type of Helicopter
Based on the type of helicopter, the industry was segmented into small helicopters (<3.1 tonnes), medium helicopters (3.1–9.0 tonnes) and heavy helicopters (>9.0 tonnes). Heavy helicopters have a carrying capacity of more than 9 tonnes. This helicopters are primarily used by the military to transport troops, combat equipment and artillery. Due to their high load size, big helicopters demand regular MRO services. As a result, the heavy helicopter segment (>9.0 tonnes) is expected to record a CAGR of 5.81 per cent during the forecast period.
By Application
The application divisions of the industry are civilian and military. Owing to the growing need for commercial helicopters, there has been a resulting growth in demand for civil helicopter MRO services.
Regional Analysis
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
U.S. Dominates the North American Market
North America has the world’s largest number of MRO installations for both commercial and military helicopters. In addition, as the essence of fighting continues to evolve, the US Department of Defense (DoD) is investing in updating its current helicopter fleet. During the forecast period, the regional demand is predicted to post a 3.97 percent CAGR. The increasing adoption of civilian turbine-powered helicopters in this area. The strong economic prosperity of North America will also promote the replacement of ageing aircraft that are active in different fields, such as tourism, offshore operations, search and rescue missions. The opportunities for demand growth would be impelled by this the replacement of ageing aircraft. While investments have been made in the production of advanced MRO services in Canada, the US largely dominates the North American industry. In addition, due to the increasing adoption of civilian turbine-powered helicopters in this region.
High R&D Investments in Europe to Drive the market
During the evaluation period, Europe is expected to be the second-largest sector. At a CAGR of 4.38 percent during the projected period, the regional market is projected to hit USD 3.22 billion by 2025. Germany is also a significant contributor to the aerospace industry and I am likely to contribute to the overall development of the sector.
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Product types uploaded in the Helicopter MRO are:
Airframe Heavy Maintenance, Engine Maintenance, Component Maintenance
Key applications of this report are:
Civil, Military
Geographic region of the Helicopter MRO includes:
North America Helicopter MRO(United States, North American country and Mexico),
Europe Market(Germany, Plastic Additive France Market, UK, Russia and Italy),
Asia-Pacific market (China, Plastic Additive Japan and Korea market, Asian nation and Southeast Asia),
South America Plastic Additive Regions inludes(Brazil, Argentina, Republic of Colombia etc.),
Plastic Additive Africa (Saudi Arabian Peninsula, UAE, Egypt, Nigeria and South Africa)
The Plastic Additive report provides the past, present and future Plastic Additive industry Size, trends and the forecast information related to the expected Plastic Additive sales revenue, growth, Plastic Additive demand and supply scenario. Furthermore, the opportunities and the threats to the development of Helicopter MRO forecast period from 2022 to 2029.
Further, the Plastic Additive report gives information on the company profile, market share and contact details along with value chain analysis of Plastic Additive industry, Plastic Additive industry rules and methodologies, circumstances driving the growth of the Helicopter MRO and compulsion blocking the growth. Helicopter MRO development scope and various business strategies are also mentioned in this report.
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]
Published Sun, 04 Sep 2022 01:27:00 -0500
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