Global helicopter market revenue on the rise
June 9, 2014, London, U.K. - Analysts forecast the Global Helicopter market to grow at a CAGR of 2.60 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing demand from civil end-users.
By Carey Fredericks
The Global Helicopter market has also been witnessing the increase in
high-altitude and versatile helicopters. However, the falling global
defense budgets could pose a challenge to the growth of this market.
The following key players operate in the Global Helicopter Market:
AgustaWestland NV, Bell Helicopter Textron Inc., Eurocopter, Russian
Helicopters, JSC, Sikorsky Aircraft Corp., Avicopter, Enstrom Helicopter
Corp., Kaman Aerospace, Korea Aerospace Industries (KAI), MD
Helicopters, Robinson Helicopter Company, Rostvertol, and Ulan-Ude
High-altitude helicopters are mainly used for flying above 15,000 feet
from sea level. Currently, the demand for these helicopters is
increasing at a rapid rate. The major adopters of these helicopters are
the Civil Aviation and Defense sectors. These helicopters are used for
rescue operations, as well as for transportation and training. As a
result of the high demand for high-altitude and versatile helicopters,
vendors are manufacturing helicopters that can be used for different
applications. This is expected to have a positive impact on the Global
Helicopter market during the forecast period.
The increasing demand from the Civil Aviation sector is one of the major
drivers of the market. In the Civil Aviation sector, helicopters are
used more to carry passengers in the remote areas, where runways are not
available. They are also used as an air ambulance.
A decrease in the defense budget is one of the major challenges for the
market. As a result of slow economic development and other political
reasons, governments in various countries have reduced their defense