Asia Pacific Helicopter Market: Top Trends Fostering Industry Outlook
According to a recent study from market research firm Graphical Research, the Asia Pacific helicopter market forecast will be positively impacted by the efforts taken by governments in India, Japan, and China to enhance their domestic production capabilities.
Various governing bodies are relaxing their rules and regulations with respect to setting up manufacturing plants and are encouraging 100% FDIs in small and medium-scale companies that are trying to widen their market reach.
Asia Pacific helicopter industry value is expected to reach $12 billion by 2027.
The trends fostering the industry share are expounded below:
Commercial sector increases demand for helicopters:
The commercial sector will capture a significant share of APAC helicopter market by 2027. India, Vietnam, Australia, China, and Indonesia are increasingly demanding technologically advanced helicopters for various applications.
Moreover, the region is experiencing economic growth, thereby augmenting the tourism sector. Helicopters will be robustly used for a wide range of search & rescue operations to offer essential products and services during natural disasters, such as earthquakes and floods.
Saudi Arabia's The Helicopter Company to Buy 10 Airbus Helicopters
COVID-19 effect on the demand for helicopters:
The COVID-19 pandemic had a severe impact on a large number of economic activities in Asia Pacific. As several manufacturing plants had to be temporarily shut down and international borders were closed down to contain the virus, the supply of various raw materials and electronic parts came to a halt.
It has resulted in a major slowdown in the production of helicopters in the region. However, with the situation improving every day, the demand for commercial and military helicopters from the respective end-users will grow.
OEMs remain the main sales channels in Asia Pacific:
Original Equipment Manufacturers (OEMs) held a large share of Asia Pacific helicopter market in 2020. The need to upgrade the helicopters and enhance their airworthiness, performance and efficiency is increasing among end-users in the region.
Several OEMs are adopting the latest production capabilities, such as laser sintering and additive manufacturing while producing various components, improving their operational efficiency and decreasing related costs.
Advanced rotor systems may improve the performance of helicopters:
Rotor systems will capture a major share of Asia Pacific helicopter market by 2027. The components go through intense wear and tear as helicopters are being frequently used in hostile weather conditions. These factors increase the need for timely maintenance and replacement of the parts.
Moreover, the production and sale of helicopters are growing at a notable rate due to the rising commercial and military sector applications, thereby increasing the use of innovative rotor systems.
Asia Pacific helicopter market share will continue to grow due to the strong presence of well-known organizations, such as Mitsubishi Heavy Industries, Ltd., Vietnam Helicopter Corporation, Hindustan Aeronautics Limited (HAL), Airbus S.A.S., Lilium GmbH, and Md Helicopters, Inc., among many others.
The companies are developing advanced helicopters for a variety of commercial and military applications, with OEMs and MROs being the major sales channels in APAC region.
The firms are also heavily investing their resources to create cutting-edge rotor systems, aerostructures/airframes, undercarriages, engines, cabin interiors, Environmental Control Systems (ECS), and avionics for their end-users.
Read More: NASA’s Mars Helicopter Testing Enters Final Phase
