Commercial Helicopters Market Size

Statistics for the 2023 & 2024 Commercial Helicopters market size, created by Mordor Intelligence™ Industry Reports. Commercial Helicopters size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Commercial Helicopters Industry

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Commercial Helicopter Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 683.24 Million
Market Size (2029) USD 894.49 Million
CAGR (2024 - 2029) 5.54 %
Fastest Growing Market Middle East and Africa
Largest Market Europe

Major Players

Commercial Helicopter Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Commercial Helicopter Market Analysis

The Commercial Helicopters Market size is estimated at USD 683.24 million in 2024, and is expected to reach USD 894.49 million by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).

Commercial helicopters are rotorcraft designed and used for various business and non-military purposes. They offer versatility and flexibility in transportation, logistics, and other operations, such as firefighting, film and photography, utility, and survey work. Thus, they are employed in multiple industries and applications. The growing demand for rotorcraft, such as helicopters, for various applications and end-user industries, like oil and gas and law enforcement, is expected to drive market growth.

The intensive use of helicopters for various applications has simultaneously increased the need to incorporate advanced technologies to facilitate their use for contra-distinct purposes. Technological developments like engine performance enhancement, improvement of their performance capabilities, etc., have made them more suitable for functioning in harsh and challenging environments. Market players are focusing on enhancing the ergonomics and safety aspects of helicopters. However, the market might witness significant resilience from the rapid growth of the drone industry as they can act as potential substitutes for helicopters, particularly in specific applications for end users.

The commercial helicopter market is susceptible to regional economic conditions and their subsequent impact on levels of capital investment and consumer spending. Factors such as the economic downturn can lead to reduced investments, changes in government spending levels, reduced customers’ and suppliers’ access to credit, hamper consumer confidence, and increase buyers’ propensity for cheaper substitutes in specific applications.

Commercial Helicopters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)