Heavy-lift Helicopter Market is Growing Rapidly with More Opportunities by 2024 – Analytical Research Cognizance

Heavy-lift Helicopter Market Research Report 2019

Analytical Research Cognizance has announced “Heavy-lift Helicopter Market” Report to its Data. This Report will help the reader with Better Understanding and Decision Making.

Market Overview:
The Asia-Pacific heavy-lift helicopter market is expected to register a CAGR of more than 3% during the forecast period.

– Heavy-lift helicopters have higher demand from the military, due to the advantages it offers in transporting troops, equipment, cargo, and other smaller helicopters and vehicles, which cannot be lifted by regular land-based cranes because of their high weight, inaccessibility, and long distance transport requirements.
– Countries in Asia-Pacific are spending huge amounts on their militaries, due to various territorial disputes and increasing terrorist and hostile activities in the region.
– The demand for these helicopters for offshore applications is one of the main growth drivers for the growth of their commercial usage in the region.

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Key Market Trends:
Military Segment is Expected to Dominate the Market During the Forecast Period

As of 2018, the military segment holds a major share in the Asia-Pacific heavy-lift helicopter market. Currently, a major problem with many militaries in the Asia-Pacific region is rugged terrain and poor road connectivity for the military bases. Thus, fixed-wing aircraft cannot be used effectively for the transportation of troops and supplies. Hence, the viable option is the heavy-lift helicopters, which can land on a short runway or smooth terrain with ease. Hence, their usage is increasing in the Asia-Pacific region. The segment is also projected to be the fastest growing, due to increasing orders for the heavy-lift helicopters in the region.

China is the Biggest Market for Heavy-lift Helicopters in the Asia-Pacific Region in 2018

In 2018, China was the largest market for heavy-lift helicopters in the region. The country has the largest military helicopter fleet in Asia-Pacific. Additionally, the need for transporting troops and equipment to vast border of the country and the diverse and rugged landscape surrounding the country are the main reasons for the increased demand for the heavy-lift helicopters in the country. However, during the forecast period, the market in India is projected to register a high CAGR, due to the ongoing military procurements of heavy-lift helicopters, like the Chinook. In both countries, the demand generated for the heavy-lift helicopters is primarily from the military.

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Competitive Landscape:
The Boeing Company, Airbus SE, Russian Helicopters, Lockheed Martin Corporation, and Textron Inc. are the prominent players in the market. The market is highly consolidated, with around six players occupying more than 80% of the total market share. Companies, like Boeing, Russian Helicopters, and Lockheed Martin Corporation, are trying to increase their market presence in the region by addressing the heavy-lift helicopter needs of the various militaries in the region. Additionally, collaborations between countries, like China and Russia, for developing new generation heavy-lift helicopters may help the players from these countries.

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– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

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