North American Helicopters Market size is predicted to cross USD 10 billion by 2027, according to a latest forecast report by Graphical Research.
The increasing military spending in the region will significantly support the market growth. For instance, in 2019, North America remained the largest defense-spending country across the globe with an investment of over USD 732 billion, accounting for more than 35% of the global military expenditure. The military spending increased by an average of 5.3% year-on-year.
The COVID-19 pandemic adversely affected the helicopters market in North America. The sealing of international borders and restrictions on trade by several countries in Asia Pacific and Europe severely impacted the U.S. manufacturing sector. The rising loss of lives inflicted by the pandemic has led to social and economic disturbances in the country. Additionally, disruptions in the supply chain of electronics & semiconductor industries impacted the market for helicopters in North America.
Browse detailed statistical insights from the report, “North America Helicopter Market Forecast 2027 By Component (Aerostructures/Airframes, Rotary System, Engine, Undercarriage, Avionics, Cabin Interiors, Environmental Control System), By End-Use (Commercial [Transport, Medical Services/Search & Rescue, Offshore Sector], Military [Reconnaissance, Maritime Surveillance]), 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) @
The growing market trend of modifying and optimizing helicopters’ scope of operations is also one of the major factors driving the MRO segment. Various organizations are collaborating with market players for the integration of new accessories into helicopters, allowing helicopters to perform critical tasks with enhanced efficiency. For instance, in December 2019, Bell Helicopters received a USD 27.5-million modification contract from the U.S. Naval Air Systems Command (DoD). According to the contract, the company will provide logistics and engineering services with respect to material and equipment for the AH-1Z, AH-1W, and UH-1Y helicopters. The contract also specifies modifications, sustainment & support for these models.
Helicopters used for commercial activities, such as transportation, EMS, and offshore activities, are included under the commercial segment. The commercial application segment market growth can be attributed to the relaxation of government norms on commercial helicopter aviation, increasing per capita income, and the number of High Net Worth Individuals (HNWI) across the globe. Moreover, the rising demand for emergency medical services is anticipated to propel the commercial segment growth.
North American 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:
North America Market, By End-Use
- Medical Services/Search & Rescue
- Offshore Sector
- Maritime Surveillance
North America Market, By Component
- Rotary System
- Cabin Interiors
- Environmental Control System
North America Market, By Sales Channel
- Maintenance, Repair and Overhaul (MRO)
The above information has been provided for the following countries: