Helicopter MRO Services Market Size, Share, Growth Analysis, By Helicopter Type(Lightweight, Medium-Weight, Heavy-Weight Helicopters), By Application(Civil, Military Helicopters), By MRO Service Operators(Flight Inspection, Power By The Hour, Overhaul, Repairs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20R2014 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
91
|Figures:
67
Helicopter MRO Services Market Insights
Helicopter MRO Services Market size was valued at US$ 7.68 billion in 2019, and it is expected to reach a value of US$ 11.23 billion by 2031, at a CAGR of 4.62% over the forecast period (2024-2031).
MRO, or maintenance, repair, and overhaul is the phrase used to describe a variety of maintenance procedures performed to maintain an aeroplane’s safety, functionality, and airworthiness. The activity of a helicopter requires regular maintenance and repair. To guarantee the safety of operations, travellers, and teams, it makes sure that rotorcraft are maintained in predefined airworthiness circumstances. A greater number of flights use enhanced composite materials every year. Particularly, the proportion of parts composed of glass, wood, or aramid fibres in helicopters has accelerated.
Digital MRO is the practice of performing maintenance, repair, and overhaul (MRO) operations using digital technologies like the Internet of Things, blockchain, artificial intelligence, robotics, augmented reality, virtual reality, digital twins, and 3D printing. These technologies speed up turnaround times and boost productivity. The MRO sector is evolving due to technology improvements, which are also spurring the creation of creative solutions.
US Helicopter MRO Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Lightweight
Fastest Growth
Lightweight
Growth Rate
4.62% CAGR
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Helicopter MRO Services Market Segmental Analysis
The global helicopter MRO services market segmentation is based on helicopter type, application, MRO service operators, and region. Based on helicopter type the market is segmented into lightweight, medium-weight, and heavy-weight helicopters. Based on application the market is segmented into civil and military helicopters. Based on MRO service operators the market is segmented into Based on region the global helicopter MRO services market is segmented into flight inspection, power by the hour, overhaul, repairs, and others. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Helicopter MRO Services Market Analysis by Helicopter Type
In 2021, the lightweight sector accounted for the largest helicopter MRO services market share and is likely to dominate during the forecast duration. The popularity of lightweight helicopters from nations such as China and India for emergency medical care will support the sector’s growth.
During the projection timeframe, the medium-weight helicopter sector is expected to develop at the highest CAGR. The sector is expected to develop as a result of the increasing need for medium-weight helicopters for military activities such the transporting supplies and troops, among other things.
The heavy-weight sector will see moderate development. The increase is the result of an increase in the requirement for heavy-weight helicopters for military uses including the transfer of cargo and the heavy lift of armoured cars.
Helicopter MRO Services Market Analysis by Application
The largest market share for helicopter MRO services was maintained by the civil helicopter sector globally. The biggest concentration of commercial helicopters in the United States is thought to be the cause of the growth. The market is expanding throughout the areas because of increasing demands for civil applications including rescue operations, airborne firefighting, transportation, tourism, and others.
During the projected timeframe, a significant growth rate is expected for the military sector. This expansion is the result of the defence industry's rising need for medium and heavy helicopters.
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Helicopter MRO Services Market Regional Insights
In 2021, North America holds the highest proportion of the global market for helicopter MRO services. The market is increasing as a result of more helicopters being delivered, more helicopters being used in commercial and civic activities across North America, and more modern helicopters being purchased in the United States. The area's growth may be accelerated by the existence of major helicopter MRO service suppliers and OEMs including ST Engineering, Aerospace, HAECO Group, AAR, and Aviation Technical Services.
During the forecast period, the Asia Pacific is likely to have a large increase in demand. This is because more helicopters are being used for a variety of purposes, such as EMS, rescue operations, petroleum & gas, and business services.
- Largest
- Fastest
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Helicopter MRO Services Market Dynamics
Helicopter MRO Services Market Driver
- Smart city initiatives are expanding in emerging nations like China and India. Governments are acting to enhance health care as a result. Continuing in the administration's shoes, several independent hospitals are making large investments in the construction of medical facilities. Major medical organisations employ these helicopters as air ambulances. This is due to the many benefits of air travel, which include safe and prompt access to any remote location. Additionally, the rate at which human organs are transported is rising constantly. The outlook for helicopters is probably going to get better during the projected timeline.
- The outlook for helicopters is probably going to get better during the forthcoming years. Modern aerospace and defence technology, as well as customer needs for increased helicopter power output, are driving the need to update military and commercial helicopters. To save fuel use and increase cost-effectiveness, organizations are focusing to lighten the overall weight of helicopter engines.
- The growing popularity of Power by Hour provides several benefits, including less financial burden, precise operating expense projection, and convenience of component maintenance accessibility, among others, which would have a significant positive effect on the growth of the helicopter MRO services industry. The global market will continue to be driven by the rising number of contracts between MRO service suppliers and helicopter companies.
Helicopter MRO Services Market Restraint
- The overhaul maintenance programme is the most intricate. It also involves general engine maintenance and repair. Pre-analysis of engines status records and customer needs, an initial inspection that checks for defects and components damages, engine disassembly, module repair, and thorough inspections with the right recovery of condition are only a few of the processes involved in engine maintenance. As a result, the growth of the market is hampered by such sophisticated processes.
- Government regulations that are too strict also impede market expansion. The MRO industry is subject to strict regulation by the government. The aerospace sector is highly regulated due to the risks involved with flight operations. Numerous bilateral, state and international laws and standards impose obligations on producers of helicopters and their parts.
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Helicopter MRO Services Market Competitive Landscape
Companies are continually enhancing their products and strengthening their position in the market. Major players are developing strategies to increase their market position through partnerships, alliances, and agreements. Major firms' intentions for MRO service station expansion could have a significant impact on the market's growth in recent years. For instance, Erickson Inc. and Bell Textron Inc. reached an agreement in February 2021 to start the process of transferring the type certifications for the model 214ST and B/B1 helicopters to Erickson Inc.
Helicopter MRO Services Market Top Player’s Company Profiles
- Airbus SAS (Netherlands)
- Heli-One (Canada)
- Honeywell International Inc. (US)
- Leonardo S.p.An (Italy)
- MTU Aero Engines AG (Germany)
- Rolls-Royce Plc (UK)
- Safran Group (France)
- StandardAero (US)
- Textron Inc. (US)
- Raytheon Technologies Corporation (US)
- United Technologies Corporation (US)
Helicopter MRO Services Market Recent Development
- In July 2022, as part of the nation's "Atmanirbhar Bharat" self-reliance goals, the new joint venture between Safran and Hindustan Aeronautics Limited (HAL) would assist HAL in the development of advanced helicopters for the Indian Ministry of Defense, notably the 13-ton Indian multi-role helicopter.
Helicopter MRO Services Key Market Trends
- For the MRO engines to receive training and simulation, augmented reality (AR) is essential. Microsoft HoloLens AR eyewear has been used by businesses including KLM and the Royal Netherlands Aerospace Centre (NLR) for MRO training. This aluminium-based eyewear is intended to show trainees a scaled-down 3D model of the helicopter's parts and systems and to provide instruction. In particular, the expansion of international civil helicopter MRO suppliers has been aided by this.
Helicopter MRO Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the lightweight industry held the largest market share for helicopter MRO services in 2021 and is expected to keep dominating for the length of the forecast. The global civil helicopter industry continued to hold the largest market share for helicopter MRO services. The largest share of the global market for helicopter MRO services will be held by North America in 2021. The Asia Pacific is expected to experience significant growth in demand during the forecast period.
| Report Metric | Details |
|---|---|
| Growth Rate | 4.62% |
| Forecast period | 2024-2031 |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Helicopter MRO Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Helicopter MRO Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Helicopter MRO Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Helicopter MRO Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Helicopter MRO Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Helicopter MRO Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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