Market Size of Asia-Pacific Helicopters Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 15.72 Billion |
| Market Size (2029) | USD 23.13 Billion |
| CAGR (2024 - 2029) | 8.03 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Helicopters Market Analysis
The Asia-Pacific Helicopters Market size is estimated at USD 15.72 billion in 2024, and is expected to reach USD 23.13 billion by 2029, growing at a CAGR of 8.03% during the forecast period (2024-2029).
The COVID-19 pandemic had a minimal effect on the helicopter market directly in the short term as the orders and deliveries have witnessed a decline in 2020. Furthermore, the COVID-19 pandemic has dramatically affected the tourism industry in the region, thereby affecting the revenues of commercial helicopter operators over a short span of time. Moreover, 2021 was marked as the year of transition, and the demand levels are likely to surpass the pre-covid levels by the end of 2022 which is likely to fuel the growth of the market in the coming years.
The demand for helicopters is anticipated to experience substantial growth during the forecast period, primarily due to their broad application base, especially in the civil and commercial sectors. Helicopters can be used for a wide variety of applications, including aerial lifts, air ambulances, aerial photography, law enforcement, and emergency rescue operations. The flexibility of use is achieved through minor modifications to a helicopter's specifications, which drives the procurement of new helicopters by active operators in various fields.
The need to deliver optimum safety has long plagued the growth momentum of the regional rotorcraft industry. Prolonged focus on safety innovations has resulted in the incorporation of enhanced safety mechanisms in modern helicopters. Such innovations are expected to encourage fleet modernization efforts of operators, which will have a positive effect on the sales of rotorcraft in the civil and commercial application segment.
Asia Pacific Helicopters Industry Segmentation
The study focuses on the development of rotorcraft technology and encompasses the procurement of new sophisticated rotorcraft in the military, civil and commercial fleets of the countries in the Asia-Pacific region.
The market is segmented by MTOW (Maximum Take-off Weight), application, and geography. Further, based on MTOW (Maximum Take-off Weight), the market is segmented into light, medium, and heavy helicopters. Based on application, the market is segmented into military, civil and commercial helicopters. While the military segment includes combat and training rotorcraft, the civil and commercial segment of the market includes the fleet deployed for offshore gas and oil exploration, government and VIP transport, HEMS, firefighting, law enforcement, and search and rescue (SAR) operations.
The report also covers the market sizes and forecasts for the Asia-Pacific helicopter market across 9 countries. The market sizing and forecasts have been provided in value (USD million).
| Maximum Take-off Weight | |
| Light | |
| Medium | |
| Heavy |
| Application | |
| Military | |
| Civil and Commercial |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Vietnam | |
| Philippines | |
| Indonesia | |
| Thailand | |
| Rest of Asia-Pacific |
Asia-Pacific Helicopters Market Size Summary
The Asia-Pacific helicopter market is poised for significant growth over the forecast period, driven by a diverse range of applications in both civil and military sectors. The market's expansion is fueled by the increasing demand for helicopters in areas such as aerial lifts, air ambulances, and emergency rescue operations, which benefit from the flexibility and adaptability of helicopter specifications. The region's focus on enhancing safety features has led to modernized fleets, encouraging operators to invest in new rotorcraft. This trend is particularly evident in the military segment, where countries are replacing aging fleets with advanced helicopters, spurred by indigenous development and strategic defense needs. The commercial sector, especially in China, is witnessing a surge in civil helicopter demand for applications like VIP transportation and search and rescue missions, further bolstering market growth.
Key players in the Asia-Pacific helicopter market, including Airbus SE, The Boeing Company, Leonardo S.p.A., Lockheed Martin Corporation, and Textron Inc., are actively expanding their presence through product innovation and strategic partnerships. The region's indigenous manufacturing capabilities are enhancing competition, with local players introducing new models to capture market share. Notable developments include China's commissioning of domestically developed helicopters and Australia's expansion of its military fleet. These dynamics, coupled with the ongoing demand for both civil and military helicopters, are expected to sustain the market's robust growth trajectory in the coming years.
Asia-Pacific Helicopters Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 Maximum Take-off Weight
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2.1.1 Light
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2.1.2 Medium
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2.1.3 Heavy
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2.2 Application
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2.2.1 Military
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2.2.2 Civil and Commercial
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Vietnam
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2.3.6 Philippines
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2.3.7 Indonesia
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2.3.8 Thailand
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2.3.9 Rest of Asia-Pacific
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Asia-Pacific Helicopters Market Size FAQs
How big is the Asia-Pacific Helicopters Market?
The Asia-Pacific Helicopters Market size is expected to reach USD 15.72 billion in 2024 and grow at a CAGR of 8.03% to reach USD 23.13 billion by 2029.
What is the current Asia-Pacific Helicopters Market size?
In 2024, the Asia-Pacific Helicopters Market size is expected to reach USD 15.72 billion.
