Market Size of Helicopter Blades Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.06 Billion |
| Market Size (2029) | USD 1.31 Billion |
| CAGR (2024 - 2029) | 4.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Helicopter Blades Market Analysis
The Helicopter Blades Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 1.31 billion by 2029, growing at a CAGR of 4.23% during the forecast period (2024-2029).
- The aviation sector faced unmatched challenges due to the COVID-19 pandemic. Decreasing orders for helicopters and an economic slowdown hindered market growth during the pandemic. Most countries across the world have shut down their borders and restricted their activities for several months. On this note, offshore helicopter traffic declined by 15% in 2020, dropping to 410 million passenger miles from 483 million passenger miles in 2019. However, the market showcased a strong recovery from 2021 due to increased demand for helicopters.
- Commercial helicopters are used in different areas, like tourism, medical and emergency rescue services, transportation, law enforcement, and offshore helicopter services. Also, rising demand for military helicopters due to their applications such as attack, suppression of enemy air defense, airlift of troops and cargo resupply, firefighting, reconnaissance and observation, surveillance, scouting, heavy-lift, and other special operations.
- Moreover, advancements in materials and technologies like 3D printing will support the growth of the market. 3D printing can accelerate product development and customization of existing products.
