Commercial Helicopter Market Size Worth $6.9 Billion By 2025 “The global commercial helicopter market size is estimated to touch USD 6.92 billion by 2025. It is predicted that the market would grow at a CAGR of 3.8% over the forecast period. Growing oil & gas industry and increasing use of air ambulance are driving the market demand.”
The global commercial helicopter market size is estimated to touch USD 6.92 billion by 2025. It is predicted that the market would grow at a CAGR of 3.8% over the forecast period. Growing oil & gas industry and increasing use of air ambulance are driving the market demand. Tourism industries are widely deploying light commercial helicopter to attract a larger consumer base. Rapid growth in the tourism industry is projected to drive commercial helicopter demand. In addition, such rotorcrafts are used by law enforcement agencies and by firefighting agencies. Advanced and luxurious helicopters are highly demanded in the transportation sectors. The growing need for replacement of old rotorcraft with new once is estimated to propel the market growth over the forecast duration. Increasing demand for cost-effective and fuel-efficient aircraft and changes in operational necessities are among key factors projected to drive the commercial helicopters market growth. Fleet operators take multiple factors into the account such as cabin size, brand experience, range and performance before purchasing rotorcrafts for commercial operation. North America market is likely to progress significantly owing to rising oil & gas industry in the region. On the other hand, Asia Pacific market accounted for over a billion USD in 2018. Further, the region is anticipated to grow at a CAGR of almost 6% over the next six years. Emerging countries such as China and India are predicted to be the largest growing markets due to relaxation in airspace norms.
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