Market Size of Asia-Pacific Helicopters Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 15.72 Billion |
| Market Size (2029) | USD 23.13 Billion |
| CAGR (2024 - 2029) | 8.03 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Helicopters Market Analysis
The Asia-Pacific Helicopters Market size is estimated at USD 15.72 billion in 2024, and is expected to reach USD 23.13 billion by 2029, growing at a CAGR of 8.03% during the forecast period (2024-2029).
The COVID-19 pandemic had a minimal effect on the helicopter market directly in the short term as the orders and deliveries have witnessed a decline in 2020. Furthermore, the COVID-19 pandemic has dramatically affected the tourism industry in the region, thereby affecting the revenues of commercial helicopter operators over a short span of time. Moreover, 2021 was marked as the year of transition, and the demand levels are likely to surpass the pre-covid levels by the end of 2022 which is likely to fuel the growth of the market in the coming years.
The demand for helicopters is anticipated to experience substantial growth during the forecast period, primarily due to their broad application base, especially in the civil and commercial sectors. Helicopters can be used for a wide variety of applications, including aerial lifts, air ambulances, aerial photography, law enforcement, and emergency rescue operations. The flexibility of use is achieved through minor modifications to a helicopter's specifications, which drives the procurement of new helicopters by active operators in various fields.
The need to deliver optimum safety has long plagued the growth momentum of the regional rotorcraft industry. Prolonged focus on safety innovations has resulted in the incorporation of enhanced safety mechanisms in modern helicopters. Such innovations are expected to encourage fleet modernization efforts of operators, which will have a positive effect on the sales of rotorcraft in the civil and commercial application segment.
