How Has the Helicopter Engines Market Evolved Historically and What is its Current Size?
The helicopter engines market has seen considerable growth due to a variety of factors.
•In recent times, the market size of helicopter engines has exhibited steady growth. Projected to increase from $23.22 billion in 2024 to $23.93 billion in 2025, it estimates a compound annual growth rate (CAGR) of 3.0%.
The driving factors behind this growth during the historical phase include the growth of commercial aviation, heightened search and rescue efforts, enhanced usage in law enforcement, border patrol, homeland security requirements, and the increase in offshore operations.
What is the Forecasted Market Size and CAGR for the Helicopter Engines Market?
The helicopter engines market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the helicopter engines market is projected to steadily expand in the coming years. It is predicted to reach $28.23 billion by 2029, with a compound annual growth rate (CAGR) of 4.2%.
The predicted growth within the forecasted span is due to initiatives for urban air mobility (uam), the renewal of older helicopter fleets, increased need for unmanned choppers, and an emphasis on fuel efficiency and environmental sustainability. Other influencing factors for growth in the forecasted period are advancements in engine technologies, the incorporation of digital technologies, hybrid and electric propulsion, retrofitting and engine upgrades, and global developments in the field of civil aviation.
What Key Factors and Trends are Driving the Growth of the Helicopter Engines Market?
The growth of the helicopter engines market is poised to surge with the escalating use of helicopters. Helicopters, as a kind of aircraft primarily used to travel to and from private residences, and for carrying a small number of passengers, have numerous uses. These include emergency medical services, corporate services, search and rescue missions, among others. A report by the France-based aerospace firm, Airbus, in January 2023 disclosed that Airbus Helicopters delivered a record 216 light single-engine helicopters in 2022, and registered 374 gross orders (362 net orders), a testament to the ongoing market recovery. Consequently, the surge in helicopter usage will propel the growth of the helicopter engines market.
What are the Market Segments in the Helicopter Engines Market?
The helicopter engines market covered in this report is segmented –
1) By Type: Piston Engine, Gas Turbine Engine, Stamping Engine
2) By Weight: Light, Medium, Heavy
3) By Point Of Sale: New, Pre-Owned
4) By Application: Emergency Medical Services, Corporate Services, Search And Rescue Operations, Oil And Gas, Defense, Homeland Security, Other Applications
Subsegments:
1) By Piston Engine: Two-Stroke Piston Engines, Four-Stroke Piston Engines
2) By Gas Turbine Engine: Turbo Shaft Engines, Turbo Jet Engines, Turbo Prop Engines
3) By Stamping Engine: Direct Drive Stamping Engines, Gear-Reduced Stamping Engines
Pre-Book The Helicopter Engines Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Helicopter Engines Market?
One leading trend in the helicopter engines market is the rise of strategic partnerships and collaborations. Many businesses in this sector are teaming up to boost their competencies and industry standing. For example, Leonardo S.p.A., a well-established aerospace firm in Italy, joined forces with Safran Helicopter Engines, a French manufacturer specializing in helicopter engines, in January 2023. Their collaborative effort aimed to further advance the AW09 single-engine helicopter. The joint network between Leonardo and Safran Helicopter Engines would provide innovative, straightforward, and economical maintenance solutions, supported by personalized Power-By-The-Hour (PBH) and Support-By-the-Hour (SBH) contracts and a vast array of digital services. Moreover, in July 2022, Hindustan Aeronautics Limited (HAL), a prominent Indian public sector company in the aerospace and defense industry, entered into a partnership with Safran Helicopter Engines to co-develop the engine for the 13-ton Indian Multi-Role Helicopter (IMRH) and its naval version, the Deck Based Multi-Role Helicopter (DBMRH). The two parties also decided to increase the proportion of domestic content in the Shakti engine of the Dhruv and Light Combat Helicopter (LCH) projects, agreeing to the transfer of manufacturing rights for seven critical forging and casting raw parts to HAL.
Who Are the Key Players in the Helicopter Engines Market?
Major companies operating in the helicopter engines market include:
• 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 Bureau
• Sunrise Helicopter Inc.
What are the Regional Insights into the Helicopter Engines Market?
North America was the largest region in the helicopter engines market in 2024. 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.
