Air Crane Helicopter Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Air Crane Helicopter Market Analysis
The Air-Crane Helicopter Market is expected to grow at a CAGR of 4% over the forecast period. Air Crane Helicopter Market is highly sensitive to global economic conditions and their subsequent impact on levels of capital investment and consumer spending. Factors such as economic downturns and global pandemics can lead to reduced investments, changes in government spending levels, reduce customers' and suppliers' access to credit, hamper consumer confidence, and increase buyers' propensity for cheaper substitutes in certain applications.
This was evident in the last two years when the world witnessed the impact of the COVID-19 pandemic, which has increased economic constraints, and decreased industrial output. Consequently, the demand for Air-Crane Helicopter from the associated sectors has also declined. With the increase in population, road traffics become more congested, and the need for quicker aerial transport is expected to increase.
With the growing demand for oil and gas, and the saturation of onshore oilfields, there has been growth in offshore exploration and production (E&P) activities. In several existing basins, the production from old wells has started to decline, and there is little scope for new discovery in such areas. As a result, the oil and gas industry is shifting toward deeper regions in search of oil and gas, to meet the increasing demand. This is expected to increase the number of offshore rigs in the years to come, thereby driving the demand for offshore Air-Crane Helicopter Market. With the increasing investment and spending in the defense segment, the air-crane helicopter market is expected to grow in the coming year.
Air Crane Helicopter Market Trends
This section covers the major market trends shaping the Air Crane Helicopter Market according to our research experts:
Growth In the Offshore Oil & Gas Industry May Propel the Demand
To cater the rising oil and gas demand, efforts are being made to increase global oil and gas production. Although offshore oil production has been relatively stable since 2000, there has been significant growth in offshore gas production.
The global offshore rig count started to increase in 2016 but has been impacted significantly by the pandemic. Nevertheless, as the onshore oilfields have been maturing, there has been growth in offshore exploration and production (E&P) activities. For instance, in the Permian Basin, currently, the most important basin in terms of crude oil production, the production from old wells has started to decline, and there is little scope for new discovery in these areas. As a result, the oil and gas industry is shifting toward deeper regions in search of oil and gas, to meet the increasing demand. This is expected to increase the number of offshore rigs in the years to come.
There has been significant growth in deepwaterE&P activities. According to IEA, deepwater accounted for 50% of the discovered oil and gas resources in the last decade. Deepwater gas production is also expected to account for 50% of the 700 billion cubic meter (bcm) rise in offshore gas production by 2040, compared to 2020. Hence, with the rise in offshore oil and gas production, the demand for services, such as offshore helicopter services are expected to grow.
The rising deepwateroffshore development activity, to meet the increasing crude oil demand, is further expected to drive the demand for offshore helicopter services.
Furthermore, in the recent times, the global energy industry has been witnessing a shift toward the use of cleaner energy sources, like wind. Offshore wind power offers a much better yield than the onshore. As a result, the wind power industry is witnessing an increasing deployment of wind turbines in offshore regions, especially in Europe. Many of the earlier offshore wind farms were installed close to the land, and they are easily accessible by boat. However, the newly built offshore wind farms are located farther from the shore, and helicopters are becoming an economical option for the transportation of crew members to and from the installations.
In addition to offshore people transport, other associated helicopter service industries, such as the search and rescue and offshore cargo delivery sectors are also expected to be propelled by these developments in the years to come.
Asia Pacific is Expected to Register Highest Growth in Coming Year
Asia Pacific region is expected to grow in the coming year, attributed to the investment in air service activity, increasing offshore activity in the region, and also the increase in defense expenditure.
Japan was one of the largest consumers and importers of oil in the world, as the country has limited oil reserves within its territory. However, the country is focusing on increasing its oil production by increasing offshore drilling activities. In January 2022, Japan's oil and gas player Inpex announced plans to carry out exploration drilling operations offshore Shimane and Yamaguchi prefectures in Japan to explore the possibility of locating oil and natural gas resources.
On the other hand, the Japanese government is targeting 10 gigawatts of offshore wind by 2030. By the year 2040, its goal is 30 to 45 GW. In recent times, several firms have put together plans related to offshore wind in Japan. In March 2022, BP plc, a British oil, and gas company agreed to establish a strategic partnership with Japanese conglomerate Marubeni that will focus on offshore wind development. Such plans will provide growth opportunities for the offshore air crane helicopter industry in the country.
In Asia Pacific, prominent countries like India, Japan, China, South Korea, Etc, the demand for various services including offshore services, search and rescue, homeland security, Military activity and Defence related devlopment, etc., is growing which might leads to boost the aircrane activity in these region.
Air Crane Helicopter Industry Overview
The air crane helicopter market is moderately consolidated. Some of the major players in the market are Airbus Helicopters S.A.S., HAL Ltd., Aircrane, Inc., Lockheed Martin Corporation, and Textron Aviation Inc. As the air crane helicopter reduces the time of operation, quick response, and other benefits of the air crane helicopter, Countries are investing in the aircrane helicopter For instance, In November 2022, Erickson Incorporated deliver another Air Crane firefighting helicopter to the Korea Forest Service (KFS). The agency has at least half a dozen S-64 Air-Crane helicopters.
Air Crane Helicopter Market Leaders
Textron Aviation Inc
Aircrane, Inc.
HAL Ltd.
Lockheed Martin Corporation
Airbus Helicopters S.A.S.
*Disclaimer: Major Players sorted in no particular order
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Air Crane Helicopter Market News
- In December 2021, Erickson announced a list of upgrades to their S-64 Air-Crane helicopter, an aircraft that is used all over the world to assist wildland firefighters by dropping up to 2,650 gallons to slow the spread of fires. These changes will result in a new model, S-64F+.
Air Crane Helicopter Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Endurance
5.1.1 Up to 5000 Feet
5.1.2 Up to 10000 Feet
5.2 By Load Capacity
5.2.1 Up to 3000 Pounds
5.2.2 Up to 6000 Pounds
5.2.3 Up to 12000 Pounds
5.2.4 Up to 15000 Pounds
5.3 By End User
5.3.1 Civil
5.3.2 Commercial
5.3.3 Military
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 Airbus Helicopters S.A.S.
6.2.2 HAL Ltd.
6.2.3 Aircrane, Inc.
6.2.4 Columbia Helicopters
6.2.5 Erickson Incorporated
6.2.6 High Performance
6.2.7 Helicopters Corp
6.2.8 KAMAN CORPORATION
6.2.9 Lockheed Martin Corporation
6.2.10 Russian Helicopters
6.2.11 Textron Aviation Inc
6.2.12 The Boeing Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Air Crane Helicopter Industry Segmentation
An aerial crane or flying crane is a helicopter used to lift heavy or awkward loads. As aerial cranes, helicopters carry loads connected to long cables or slings in order to place heavy equipment when other methods are not available or economically feasible, or when the job must be accomplished in remote or inaccessible areas, such as the tops of tall buildings or the top of a hill or mountain, far from the nearest road.
The Aircrane helicopter market is segmented by By Endurance, By Load Capacity, By End User, and By geography. By endurance, the market is segmented into Up to 5000 Feet, Up to 10000 Feet. By load capacity, the market is segmented into Up to 3000 Pounds, Up to 6000 Pounds, Up to 12000 Pounds, and Up to 15000 Pounds. By End-user, the market is segmented into Civil, Commercial, and Military. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
| By Endurance | |
| Up to 5000 Feet | |
| Up to 10000 Feet |
| By Load Capacity | |
| Up to 3000 Pounds | |
| Up to 6000 Pounds | |
| Up to 12000 Pounds | |
| Up to 15000 Pounds |
| By End User | |
| Civil | |
| Commercial | |
| Military |
| Geography | ||||||||
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Air Crane Helicopter Market Research FAQs
What is the current Air Crane Helicopter Market size?
The Air Crane Helicopter Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Air Crane Helicopter Market?
Textron Aviation Inc, Aircrane, Inc., HAL Ltd., Lockheed Martin Corporation and Airbus Helicopters S.A.S. are the major companies operating in the Air Crane Helicopter Market.
Which is the fastest growing region in Air Crane Helicopter Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Air Crane Helicopter Market?
In 2024, the North America accounts for the largest market share in Air Crane Helicopter Market.
What years does this Air Crane Helicopter Market cover?
The report covers the Air Crane Helicopter Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Air Crane Helicopter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Air Crane Helicopter Industry Report
Statistics for the 2024 air crane helicopter market market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. air crane helicopter market analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
