Helicopter Blades Market is expected to reach USD 1.4 billion by 2023 | CAGR of 3.5%

Increasing demand for helicopters in various applications and technological advancements in blade design and development, like the 3D printing, are some of the important factors driving the growth of the helicopter blades market

August 10th, 2018: The helicopter blades market is expected to reach over USD 1.4 billion by 2023, as per a new report published by Mordor Intelligence, LLP. According to the report, the market is expected to expand at a CAGR of around 3.5% over the forecast period.

Continuous growth in the usage of helicopters in both commercial and military applications and the development of newer technologies in helicopter blade design are anticipated to impact the growth of the market during the forecast period. In 2015, Automated Dynamics utilized Stratasys FDM-based (Fused deposition modeling) 3D printing to manufacture helicopter blade prototypes. The company said that this process will reduce tooling costs by 60-70%. Thus the emergence of newer technologies will reduce the overall manufacturing costs and will increase the profit margin for the manufacturers.
 

The market is currently dominated by the military sector, owing to the aggressive procurement of military helicopters by various armies around the world. Even during the forecast period, the market is expected to obtain a higher revenue from the military segment. Helicopters, by virtue of their vertical takeoff and landing capabilities, are now used for many applications in military, illustrating their importance in the sector. Out of all the regions, North America is currently having a large market share and is anticipated to lead the market during the forecast period. The higher share of North America is due to the presence of a large demand from the United States, both in the commercial and military sectors.

To know more about the coverage of the Helicopter Blades Market report, click the below link:

https://www.mordorintelligence.com/industry-reports/helicopter-blades-market

Key Insights from the Report:

• North America is anticipated to lead the market during the forecast period, due to continuous demand from the United States, both in military and commercial applications.
• The market share from military applications will be more, due to a greater military fleet size, compared to the commercial fleet, and continuous helicopter procurement by various militaries around the world.
• Mordor Intelligence has identified key players in the spacecraft market, such as Kaman Corporation, Ducommun Incorporated, The Boeing Company, Carson Helicopters, Hindustan Aeronautics Ltd, among others

Helicopter blade market segmentation based on application and geography.

Helicopter Blades Market, Segmented by Application

• Commercial helicopters        
• Military helicopters

Helicopter Blades Market, Segmented by Geography

North America           

• United States
• Canada
• Rest of North America

Asia-Pacific    

• Australia
• China
• Japan
• India
• Rest of Asia-Pacific

Europe

• Russia
• United Kingdom
• France
• Italy
• Rest of Europe

South America

• Brazil
• Rest of South America

Middle East & Africa 

• South Africa
• United Arab Emirates
• Saudi Arabia
• Rest of Middle East & Africa

Get a free overview on Helicopter Blades Market Report (2018-2023)

About Mordor Intelligence, LLP

Mordor Intelligence operates in the business of industry analysis and consulting, helping clients shape their strategic decisions. In today’s fast-paced and competitive business environment, every customer has a unique information requirement. Having understood this, we offer custom market intelligence and advisory services along with our syndicated reports, to help them gain an edge over competition. We have successfully catered to over 500 clients across the following industries.

For more insights, please visit, https://www.mordorintelligence.com