Civil Helicopter Market Worth More Than $7Bn
The report, now available on ASDReports, Civil helicopters are used in a diverse range of operations with unique operating capabilities enabling stakeholders such as businesses, emergency services and law enforcement agencies to extend and enhance their service offerings. The civil helicopter industry remains one of the smaller sectors in the wider air transport sector. However, in the last decade, there has been substantial growth despite factors such as the economic recession in 2008, which had an adverse effect on demand.
Currently, the outlook for the civil helicopter market is more restrained as a result of the effect of falling oil prices impacting demand for rotorcraft in offshore transport roles. However, this is anticipated to be offset by demand from other sectors such as parapublic and emerging markets. As a result, the market is expected to be worth $7,876m in 2016.
Global Military and Government Helicopter Market Forecast to 2023
The civil helicopter market is consolidated in terms of manufacturers with a handful of companies holding a substantial share, dominating the market with helicopter platforms in the light, medium and large categories. These leading players continue to invest in new and upgraded helicopter platforms, utilising the latest technology available to add customer value through enhanced operational efficiency and safety.
This 228 page report quantifies and analyses the civil helicopter market and its related 4 submarkets by 5 regions, discussing the key trends, opportunities and challenges that the industry is facing or is expected to experience in the next few years. The report also profiles the leading companies in the civil helicopter industry with financial performance indicators, providing details of 337 contracts and overviews of product offerings.
Source : ASDReports - Market Research - view original press release