Market Size of Europe Helicopters Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Helicopters Market Analysis
The European helicopters market is expected to exhibit a growth rate of more than 2.5% during the forecast period (2020 - 2025).
- The increase in defense expenditure by countries, such as the United Kingdom, France, Germany, and Russia, in the region, is supporting the procurement and development of military helicopters for national security and military assistance in combat prone geographies and this factor is propelling the growth of the market in the region.
- The market for civil helicopters is also expected to show a significant growth rate owing to the collaborative and innovative programs in the region. Programs, such as DISRUPT (Development of an innovative and safe ultralight, two-seater turbine helicopter), aims at developing enhanced ultralight helicopters with parachute safety mechanisms. The currently manufactured ultralight helicopters are produced using old technology which has resulted in several casualties over the years.
- Technological advancements like implementation of common platform technology, such as European Geostationary Navigation Overlay Service (EGNOS), which is a satellite-based augmentation system operated by European GSA, are deployed in European helicopters and enhances the usage of Global Position System and other region-based satellite navigation systems. The aforementioned factors are propelling the growth of the market.
