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APAC Helicopters Market size to hit $12 Bn by 2027
Published Date: 2021-11-19
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APAC Helicopters Market size is poised to reach USD 12 billion by 2027, according to a latest forecast report by Graphical Research.
China is one of the largest contributors to the Asia Pacific market and will witness a significantly high growth rate. The introduction of indigenously developed helicopters in China along with the increasing government support is propelling the in-house manufacturing capabilities of the nation. For instance, in October 2019, the Aviation Industry Corporation of China (AVIC) showcased its first in-house manufactured Z-20 helicopter during the national day parade. Z-20 is a medium-lift helicopter propelled by dual Chinese engines. The helicopter also supports the fly-by-wire flight control system.
Growing investments in the defense sector by developing economies in Asia Pacific will support the deployment of advanced helicopters in military applications. Rising terrorism activities and growing threats to national security have encouraged several governments to increase their military spending. According to a report by Stockholm International Peace Research Institute (SIPRI), in 2018, China and India were among the top five military spending countries in the world. The military spending in China and India went up by 5% and 3.1%, respectively in 2018 compared to 2017.
Browse detailed statistical insights from the report, “Asia Pacific Helicopter Market Forecast 2027 By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By Sales Channel (OEM, Maintenance, Repair and Overhaul [MRO]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Countries in the region including South Korea, Japan, and India laid higher emphasis on flattening the curve of the COVID-19 pandemic. The increasing focus of these countries on healthcare expenditures contributed to the temporary slowdown in the helicopters market. The market is expected to recover steadily due to the increasing focus of India and China on procuring advanced helicopters for defense purposes in light of the growing cross-border conflicts between these countries.
The military segment is anticipated to witness a high CAGR during the forecast period. The prevalence of political unrest and war-like situations among several countries are encouraging government authorities to increase their defense capabilities and remain prepared during crises. Conflicts between countries including India – China, the U.S. – Israel, and terrorist activities in Yemen & Afghanistan have surged the demand to transfer military troops. The availability of technologically advanced military helicopters that can operate in harsh terrains is supporting market demand.
The APAC helicopters market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By End-use
- Medical Services/Search & Rescue
- Offshore Sector
- Maritime Surveillance
Asia Pacific Market, By Component
- Rotary System
- Cabin Interiors
- Environmental Control System
Asia Pacific Market, By Sales Channel
- Maintenance, Repair and Overhaul (MRO)
The above information has been provided for the following countries:
- Asia Pacific
- South Korea