The world helicopter market is expected to grow from $30.6 billion in 2022 to $41.2 billion by 2027, a compounded annual growth rate of 6.1 percent during the forecast period, according to a new study from the Illinois-based consultancy MarketsandMarkets. The increase will largely be driven by higher demand for light helicopters and to a lesser extent by the aftermarket and commercialization of urban air mobility and eVTOL aircraft.
The military helicopter market is predicted to grow at the fastest rate, according to the study, driven by demand for increased procurement of transport, attack, and reconnaissance helicopters worldwide. Geographically, North America will continue to drive the highest share of that demand, according to the study.
The MarketsandMarkets findings correlate with the sentiment recently shared by other analysts, financiers, major helicopter OEMs, and suppliers, even as manufacturers continue to struggle with supply-chain issues that hinder deliveries and product support. Senior industry executives have told AIN over the last several months that they expect these difficulties to continue, albeit improve, through the remainder of 2023.
- Business Aviation