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Rotorcraft are used in a variety of ways by the military, and most military helicopters are customised for their specialised mission. Modern attack helicopters are capable of carrying heavy weaponry and are used to offer precise air support for ground troops as well as to destroy enemy armour concentrations. The increased demand for new-generation helicopters has led in update plans for existing helicopter models, which is driving rotorcraft engine demand even higher. One of the important rotorcraft engine industry trends projected to gain pace in the next years is the adoption of 3D printing. The helicopter manufacturing business has evolved as a result of the introduction of 3D printing, with increased production rates and reduced waste output.
The key driver for the market is an increase in demand for helicopters for various military and commercial purposes. In the military, rotorcraft procurement is done on a big scale. Helicopters are also used in a variety of purposes nowadays, including the commercial sector.
Key Market Driver -
• New-generation attack helicopter development and introduction as a primary driver of rotorcraft engine industry growth
Key Market Restraint -
• The rotarcraft engines industry is projected to be constrained by their high maintenance costs. • Orders for helicopters have been cancelled.
By Application, the market is segmented into Military helicopters and commercial helicopters, Military helicopters will account for the largest share of the rotorcraft engine industry, while commercial helicopters will have the fastest increase. Based on Engine Type, the market is divided into Piston Engine and Turbine Engine. Based on Product, the market is classified into Multiple Rotar and Single Rotar. From End User type, it is segmented into Propeller Rotarcraft and Jet Rotarcraft. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
The major companies in the Rotarcraft Engine market report includes GE Aviation (The U.S.), Honeywell International (The U.S.), Pratt & Whitney (The U.S.), Rolls-Royce (The U.K.), Safran Helicopter Engines (France), United Technologies Corporation (The U.S.), General Electric Company (The U.S.), Airbus Helicopters (Canada), Bell Helicopter (Canada), Dynali Helicopter company (Belgium).
North America has the largest market share for helicopter engines, with the United States being the most important market for helicopter engines. The need for helicopter engines in the United States is expected to persist, making it the market's driving force over the projected period.
During the projected period, the market in Asia Pacific is expected to grow at the fastest rate. India is currently receiving Chinook and Apache helicopter supplies. In addition to its indigenously made helicopters, China is ordering new helicopters from a variety of foreign OEMs.In the future, Australia is likely to purchase helicopters for commercial and law enforcement uses. During the projection period, all of these variables are projected to boost the market studied in the region's growth.
Europe will see substantial expansion During the projected period. The European Union (EU) is primarily involved in aerospace R&D and is home to several helicopter engine manufacturers. The attempts to cooperate with suppliers have resulted in the establishment of global networks, which have increased the industry's total capabilities. One of the most important testbeds for innovative engine technologies is France.
Growing focus on adoption of Military Helicopters across the world is expected to expand the market size in Latin America and the Middle East & Africa respectively during an estimated period.
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