Europe Helicopter Market size crossed USD 14 billion in 2020 and is anticipated to expand at a CAGR of 3.5% from 2021 to 2027.
The extensive use of helicopters in European countries for defense & special operations will enhance the market demand. The industry participants in the region are gaining contracts from government organizations, enhancing the revenue share.
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Aggressive approach of the helicopter industry players and medical institutions to commercialize helicopters for medical purposes will augment the market share of EMS helicopters. For instance, in September 2020, the Norwegian Air Ambulance foundation purchased a five-bladed H145 helicopter from Airbus Helicopters. The helicopter comprises an innovative five-bladed, increasing the useful load by 150 kg while delivering enhanced comfort and connectivity. It received a certification from the European Union Aviation Safety Agency in June 2020.
Europe Market, By End-Use
Technological advancements in medical services and helicopters are catering to the market growth of Helicopter Emergency Medical Services (HEMS). Various hospitals across the globe are investing privately in the acquisition of HEMS, whereas industry participants are catering to the market by providing unique designs and operational training, comprehensively improving the market expansion prospects.
Competitive Industry Landscape
The key industry players include Airbus Helicopters S.A.S, Babcock International Group PLC, Bell Textron, Inc., The Boeing Company, Lilium GmbH, Leonardo S.p.A, and Lockheed Martin Corporation, and Kawasaki Heavy Industries. Companies are adopting partnership and acquisition strategies to acquire a higher market share and expand their global footprint.