Growing Offshore Activities To Drive Helicopter MRO Market By 2030 by Top Key Players, Innovation Trend, Business Growth.
Research Reports
Dec 13, 2022
Future Market Research Insights
Helicopter MRO Market Is Anticipated To Reach USD 12.34 Billion By 2030 Over The Forecast Period, Growing At A CAGR Of 4.55%.
Business expansion is expected to be fueled by the rising utilization of commercial helicopters and the outsourcing of MRO services. The key reason for promoting the expansion of the civil helicopter MRO business is the rising worldwide demand for civil helicopters. Numerous factors, including the rise in offshore activities, greater use by law enforcement organizations, search and rescue operations, and evacuation of medical situations, may be responsible for this need. The requirement for MRO services will develop as a result of the rise in demand for civil helicopter services, which will boost growth prospects for the worldwide MRO civil helicopter services industry throughout the forecast period.
The primary driver of the expansion of the helicopter MRO sector is the rising demand for helicopters on a global scale. The requirement for MRO services will develop as a result of the rise in demand for civil helicopters, which will in turn fuel growth possibilities for the worldwide MRO helicopter services market throughout the forecast period.
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Key Players
Airbus SAS (Netherlands), Textron Inc. (US), MTU Aero Engines AG (Germany), Honeywell International Inc. (US), Safran SA (France), Rolls-Royce Holdings PLC (UK), StandardAero (US), Leonardo SpA (Italy), United Technologies Corporation (US)
Regional Evaluation
The Asia Pacific, North America, Europe, and the rest of the world are the four key areas that make up the geographical overview of the worldwide Helicopter MRO Market. The United States dominates the market in North America.
The majority of MRO facilities for both commercial and military helicopters are located in North America. Additionally, the US Department of Defense (DoD) is investing in modernizing its present helicopter fleet as the nature of warfare continues to change. The regional demand is anticipated to have a 3.97 percent CAGR throughout the projection period. the expanding use of turbine-powered private helicopters in this region.
The robust economic growth of North America will encourage the replacement of aging aircraft used in many industries, including tourism, offshore operations, search and rescue missions, and other activities. This replacement of outdated airplanes would promote prospects for demand development. Although Canada has made efforts the creation of sophisticated MRO services, the US generally controls the North American business. Additionally, due to the region’s growing use of civilian turbine-powered helicopters.
Market Segmentation
Type, helicopter type, application, and region were used to segment the global helicopter MRO market.
By Kind
The market was divided into four types, including heavy maintenance airframe, engine, component, and line maintenance. Helicopters require both tiny and large parts for device maintenance. Since helicopter spare parts and subsystems are readily available, component repair costs are lower than those associated with other forms of maintenance.
By Helicopter Type
The helicopter industry was divided into three categories based on type: light helicopters (3.1 tonnes), medium helicopters (3.1–9.0 tonnes), and large helicopters (>9.0 tonnes). More than 9 tonnes can be carried by heavy helicopters. The military generally uses these helicopters to move soldiers, weapons, and artillery. Big helicopters require routine MRO servicing because of their large load sizes. As a consequence, it is anticipated that the heavy helicopter category (>9.0 tonnes) would see a CAGR of 5.81 percent throughout the projected period.
Using Application
The industry is divided into civilian and military applications. The need for civil helicopter MRO services has increased as a result of the expanding demand for commercial helicopters.
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