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).

Helicopter market has been witnessing dynamic changes impacted by numerous factors like growing demand for air mobility, improvements in military, and technological advancements. Growing congestion in metropolitan regions and rising urbanization are notably fueling the need for effective air transport solutions like personal helicopters and air taxis. Several nations across the globe are heavily investing in enhancing their military competencies, resulting in increased need for military helicopters for various purposes like transportation, surveillance, and combat operations. Furthermore, improvements like enhanced composite materials, avionics, and advanced rotor designs are increasing efficiency, safety, and cost-efficiency of helicopters. These factors are significantly driving the demand for helicopters, thus impacting the overall market growth. 

Conversely, the market is witnessing a few challenges due to significant operational costs, regulatory challenges, and intense competition from different transport modes. The cost of maintenance, fuel, and skilled pilots may be high, which could notably restrict the growth of the market, mainly in the progressing nations. Strict regulations regarding noise, safety, and environment may affect the growth of the market. This could possibly increase compliance costs for operators and manufacturers, thus adversely impacting the market growth. In addition, the availability of alternative transportation methods like fixed-wing aircraft and drones may impede the demand for helicopters in most applications. Yet, the market is opportune to factors like increased focus on maintenance, repair, and overhaul MRO services, growth of urban air mobility, and rising investments in aviation.

US Helicopter Market is poised to grow at a sustainable CAGR for the next forecast year.