Market Highlights:
The global civil helicopter market is characterized by the presence of many global, regional, and local companies. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base have become the key areas to have the edge over the competitors.
The growth of the market is dependent on the market conditions, government support, and industry development. Thus, the companies should focus on expanding geographically and improving their products. The companies with better technical and financial resources can develop innovative products that render the competitors’ products obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions, technological innovations, and M&A.
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Major Key Players
Bell Helicopter Textron Inc.,
AVIC Helicopter Company,
Airbus Helicopters,
Leonardo Helicopters,
MD Helicopters Inc.,
Korea Aerospace Industries Ltd.,
Hindustan Aeronautics Ltd.,
Enstrom Helicopter Corporation,
Sikorsky Aircraft Corporation,
Russian Helicopters JSC and Robinson Helicopter Company.
Russian Helicopters JSC and Robinson Helicopter Company are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Civil Helicopter Market.
Competitive Analysis
The companies compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality civil helicopters, in order to survive and succeed in an intensely competitive market environment. In 2016, the major companies such as Airbus, Bell Helicopter Textron Inc., Boeing, Leonardo S.p.A, Robinson Helicopter Company, and Sikorsky account for approximately 73% of the global market. These companies primarily focus on the implementation of lightweight materials, electric technologies, and robust systems. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It is also forecasted that the improving global economic scenario is fuelling market growth, thereby making it an ideal time to launch new products.
Segmentation:
On the basis of application, the civil helicopter market is segmented into airborne law enforcement, fire, forestry & wildlife conservation, Helicopter Emergency Medical Services (HEMS), Search and Rescue (SAR), and others. Bristow Group has been providing search and rescue services as an essential part of its helicopter services in most of the countries, where it operates. Bristow Group has carried out more than 20,100 SAR missions. During these missions, this group had saved more than 10,700 people, globally, with the help of its crew and helicopters. The company supplies a dedicated SAR helicopter and crew to cover exploration projects in remote areas. It requires precise competency to conduct SAR tasks. Bristow has been a world leader in SAR for years, with skilled pilots and engineers, technical crew, paramedics, and ground crew to conduct SAR operations safely and reliably. Due to such companies and missions across the world, there will always be a need for civil helicopters; this will lead to the market growth over the next few years.
The civil helicopter industry is laidback with the recent crashes of prototypes helicopter models over a few under development programs. These programs include the Bell 525 and the H225 Super Puma fleet programs. In April 2016, Airbus started looking forward to a solution to fixing persistent technical issues with the platform.
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Intended Audience
- Helicopter Manufacturers
- Engine manufacturers
- Government as well as Independent Regulatory Authorities
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The post Civil Helicopter Market: 2018 Global Growth, Demand, Trends, Share and Key Manufacturers Analysis Report appeared first on Herald Keeper.
