Global Helicopter Engines Market Analysis 2024, Forecast To 2033
8 Mar, 2024
The helicopter engines market has experienced steady growth, with its size increasing from $22.48 billion in 2023 to $23.41 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 4.1%. This growth is attributed to factors such as the growth of commercial aviation and increased utilization in search and rescue operations. Looking forward, the market is expected to maintain steady growth, reaching $26.89 billion by 2028, with a CAGR of 3.5%. This growth is driven by initiatives in urban air mobility (UAM), the renewal of aging helicopter fleets, and the demand for unmanned aerial vehicles (UAVs). Major trends in the forecast period include advancements in engine technologies, digital integration, and the global expansion of civil aviation, reflecting the evolving needs of the aviation industry and technological advancements.
Global Helicopter Engines Market Key Driver
The increasing utilization of helicopters is set to spur growth in the helicopter engines market. Helicopters, utilized across various sectors including emergency services and corporate transport, are witnessing heightened usage, as evidenced by Airbus's record supply of 216 light single-engine helicopters in 2022. This sustained market recovery underscores the burgeoning demand for helicopter engines, thus driving market growth.
Get A Free Sample Of The Global Helicopter Engines Market ReportGlobal Helicopter Engines Market Segments
The helicopter engines market covered in this report is segmented –
1) Type:Piston Engine, Gas Turbine Engine, Stamping Engine
2) Weight:Light, Medium, Heavy
3) Point Of Sale:New, Pre-Owned
4) Application:Emergency Medical Services, Corporate Services, Search And Rescue Operations, Oil And Gas, Defense, Homeland Security, Other Applications
By Geography: The countries covered in the helicopter engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the helicopter engines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the helicopter engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Helicopter Engines Industry Players
Aviation Industry Corporation of China; Raytheon Technologies Corp.; Airbus Helicopters SAS; Honeywell Aerospace; Mitsubishi Heavy Industries Ltd.; Rostec State Corporation; Safran S.A.; Rolls-Royce PLC; Kawasaki Heavy Industries Ltd.; IHI Corporation; GE Aerospace; TransDigm Group; StandardAero; Hindustan Aeronautics Limited; Woodward Inc.; Pratt & Whitney Canada; Hamilton Sundstrand; MTU Aero Engines; Triumph Group Inc.; ITP Aero; Aircraft Specialities Services Inc.; ULPower Aero Engines; Rotax Aircraft Engines; Lycoming Engines; United Engine Corporation; Rotor X Aircraft Manufacturing Co.; JSCKlimov; Tulsa Propulsion Engines; The Omsk Engine Design Bereau; Sunrise Helicopter Inc.
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Helicopter Engines Market Overview
Helicopter engines refer to the component of the propulsion system for a helicopter that generates mechanical power. These are used as auxiliaries to temporarily increase power during take-off or the landing of helicopter.