Helicopter Market Size, Share, Growth Analysis, By Point of Sale(OEM, Aftermarket, heavy helicopters), By OEM by type(Military ( Heavy Helicopters ( >8.5 Tons), Medium Helicopters (4.5 -8.5 Tons), Light Helicopters ( <4.5 Tons)), Civil & Commercial (Heavy Helicopters ( >9.0 Tons)), By OEM by Application(Military (Attack & Reconnaissance Helicopters, Transport Helicopters, Maritime Helicopters, Training Helicopters), By OEM by Component & System(Airframe (Aerostructures, Main Rotor Systems, Cabin Interiors, Anti-torque Systems), By OEM by number of engines(Twin Engines, Single Engines), By Aftermarket by Component & System(Aerostructures, Main Rotor Systems, Avionics, Landing Gear Systems), By Region - Industry Forecast 2024-2031

Global Helicopters Market size was valued at around USD 30.5 billion in 2022 and is expected to rise from USD 32.3 billion in 2023 to reach a value of USD 51.9 billion by 2031, at a CAGR of 6.1% over the forecast period (2024–2031).

The competitive landscape of the global helicopter market is differentiated by the mix of numerous progressing players, new entrants, and various marketing strategies adopted by the profiled players. The prominent players are engaged in offering military helicopters, innovative designs, strong presence in the market, and production of civil helicopters. These include Airbus Helicopters, Bell Helicopter, Leonardo S.p.A., and Sikorsky (Lockheed Martin). The competitive strategies adopted by the leading players comprise collaborations and partnerships, innovations, and geographic expansion, mainly in Latin America and Asia-Pacific. Overall, the market is progressing on the back of emphasis on sustainability and customization to maintain a competitive edge. 'Airbus Helicopters SAS  ', 'Leonardo S.p.A. ', 'Bell Helicopter ', 'Lockheed Martin Corporation ', 'The Boeing Company ', 'Kawasaki Heavy Industries, Ltd. ', 'MD Helicopters ', 'Hindustan Aeronautics Limited ', 'Russian Helicopters, JSC ', 'Korea Aerospace Industries ', 'Mitsubishi Heavy Industries, Ltd. ', 'Robinson Helicopter Company ', 'Kaman Corporation ', 'Aviation Industry Corporation of China, Ltd. ', 'Fama Helicopters ', 'Safari Helicopter ', 'Changhe Aircraft Industries Corporation ', 'Lilium GmbH ', 'EHang ', 'Volocopter GmbH ', 'Workhorse Group ', 'Neva Aerospace ', 'Opener ', 'Kitty Hawk ', 'Joby Aviation'

The ongoing regional tensions and conflicts have forced several nations to enhance their military competencies, resulting in heavy procurement of improved military helicopters. Helicopters are vital for diverse military operations, comprising reconnaissance, troop transport, rescue, and logistical support, leading in its sustained demand. These factors are significantly propelling the growth of the market. 

Eco-Friendly Innovations and Sustainability: There is an increased demand for eco-friendly aviation technologies, comprising fully electric and hybrid electric helicopters. Several manufacturers are majorly investing in research and development to notably decrease operational costs and emissions, while enhancing fuel effectiveness. Companies profiled are also adopting sustainable approaches like the use of improved materials that lessen the weight and enhance fuel efficacy and exploring alternate fuels. 

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to strong military demand, established manufacturers, and diverse applications. The military in the U.S. is significantly investing in advanced technology for helicopters, thus impacting the need for both upgraded and new military helicopters. Most manufacturers have their headquarters in the United States including manufacturing facilities, supporting the market growth in the region. Also, the region holds a wider range of helicopter applications like offshore oil and gas, medical tourism, and law enforcement, resulting in strong market growth. The key players profiled in the region include Bell Helicopter, Sikorsky Aircraft, Airbus Helicopters, Robinson Helicopter Company, Enstrom Helicopter Corporation, MD Helicopters, and more.