Blade runners: Technavio highlights leading blade OEM trends
November 10, 2016 By Technavio
Technavio has announced the top five leading vendors in their recent global helicopter blades market report for the period between 2016-2020. According to Technavio’s market research analysts, the global helicopter blades market is expected to grow at a CAGR of almost 5% during the forecast period.
Over the next five years, the market in APAC is expected to record the highest growth rate owing to the increasing demand for civil helicopters in the emergency medical services (EMS) segment and for off-shore services.
Competitive vendor landscape
According to the report, the global helicopter blades market is highly competitive, and vendors compete on the basis of cost, product quality, reliability, and aftermarket services. Most vendors focus on enhancing their in-house manufacturing capabilities, product offerings, global footprint network, and R&D investments to gain a competitive edge over their counterparts. Vendors also focus on newer technologies and maintaining a strong client base.
“Mergers, acquisitions, and increased collaboration with partners around the world will drive the market during the forecast period. Strategic partnerships between public and private organizations pave the way for deeper penetration in a particular regional market enabling convenient access to local customers,” says Avimanyu Basu, lead aerospace components analyst from Technavio. For instance, government organizations like the European Aviation Safety Agency (EASA) and FAA encourage the development of new technologies through financial and regulatory support. As a result, vendors invest in initiating R&D programs for new, cost-effective systems and deploying them in the product form swiftly often through government support.