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The U.S. helicopter market size is projected to grow at a CAGR of 3.8% during the forecast period.
The U.S. helicopter market is highly competitive, with major players, including Airbus S.A.S, Textron Inc., Boeing Co., and Sikorsky Aircraft Corporation. These companies are investing in research and development to create new, advanced products that meet the market's changing demands. Overall, the U.S. is expected to experience steady market growth in the forecast period, driven by increased demand for military and commercial helicopters, technological advancements, emergency medical service, and continued research & development investments.
Adoption of New Technologies and Innovations Offer New Growth Opportunities
The market in the U.S. is witnessing the adoption of new technologies, such as advanced avionics, digital connectivity, and electric propulsion, thereby driving the growth of the market. These technologies are expected to significantly enhance rotorcraft operations' safety, efficiency, and environmental sustainability and benefit operators and customers.
Replacement and Modernization of Aging Fleets is Driving Market Growth
The replacement and modernization of the aging rotor-wing aircraft fleet in the U.S. is one of the major factors driving the growth of the market in the country. The introduction of next-generation rotorcraft is a key part of the U.S. Army's modernization efforts. They are designed to provide increased speed, range, agility, and operational capabilities and are expected to replace older, less efficient models.
Stringent Regulations and Safety Concerns are Hampering the Market Growth
Stringent regulations and safety concerns associated with helicopter operations are restraining the U.S. helicopter market growth. Rotorcrafts are considered more difficult to operate and maintain than fixed-wing aircraft, so the FAA has established stricter regulations for rotorcraft pilots and operators. Additionally, rotor-wing aircraft accidents are often more catastrophic than those involving fixed-wing aircraft, which has led to increased scrutiny and safety concerns. These factors may deter some potential buyers and aircraft manufacturers.
In terms of the competitive landscape, Textron Inc. dominated the U.S. helicopter market share in 2022. The company has a strong presence in both military and commercial sectors, producing a range of helicopters, including the popular Bell series. Textron Inc. is known for its innovative products and focuses on customer satisfaction.
Other companies with a considerable presence in the U.S. market include Airbus S.A.S, Lockheed Martin Corporation, Boeing Company, and others. These companies are focused on product approvals for increasing their production capabilities to meet the modern requirements and backlogs. For instance, in December 2022, the U.S. Navy approved full-rate production for the Sikorsky CH-53K. The CH-53K King Stallion is a heavy-lift rotor-wing aircraft is designed to transport equipment, supplies, and personnel over long distances in land and sea environments. Sikorsky has a contract with the U.S. Navy to build 200 CH-53K rotorcrafts, with the first deliveries expected to begin in 2023.
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The research report provides a detailed analysis of the market. It focuses on key aspects such as an overview of technological advancements, product innovations, and other growth factors. Additionally, it includes an overview of new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market in recent years.
CAGR of 3.8% from 2023 to 2030
Value (USD Billion)
By Point of Sale
Growing at a CAGR of 3.8%, the market will exhibit steady growth during the forecast period (2023-2030).
Airbus, Leonardo S.p.A., Lockheed Martin Corporation, the Boeing Company, and Textron Inc. are the major market players in Europe.
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