APAC Heavy-Lift Helicopter Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Heavy-Lift Helicopter Market Analysis
The Asia-Pacific heavy-lift helicopter market is anticipated to register a CAGR of over 3% during the forecast period.
The supply chain disruption caused during the COVID-19 pandemic had affected the sales and production of heavy-lift helicopters in 2020 due to lockdown. Companies had to suffer as the expected revenue was not generated, resulting in major losses across the year. However, once the pandemic restrictions were lifted off, heavy-lift helicopter production started to get agile.
Heavy-lift helicopters have been witnessing high demand from the military sector, due to the inherent advantages offered by such helicopters in the transportation of troops, equipment, cargo, and other equipment, such as armored vehicles, which cannot be otherwise lifted and transported to the battlefield by other regular means because of their high weight, inaccessibility, and long-distance transport requirements. The demand for these helicopters for offshore applications is one of the main growth drivers bolstering the growth of the commercial segment of the market.
APAC Heavy-Lift Helicopter Market Trends
This section covers the major market trends shaping the APAC Heavy-Lift Helicopter Market according to our research experts:
Military Segment is Expected to Dominate the Market During the Forecast Period
The military segment is expected to hold a major share of the Asia-Pacific heavy-lift helicopter market. The region is marred by rugged terrains and poor road connectivity, which escalates the problems of timely transportation of essential equipment from one military base to the other. In most regions, fixed-wing aircraft cannot be used effectively for the transportation of troops and supplies. Hence, heavy-lift helicopters, with their VTOL capabilities and the ability to land on a short runway or rugged terrain with the utmost ease, are generally considered viable options. Most of the nations in Asia-Pacific are investing significantly in the procurement of heavy-lift helicopters, thus, driving the growth prospects of the market. Increasing defense budgets and military expenditures in these countries is one of the additional reasons propelling the growth of the market.
Significant demand for heavy-lift helicopters has been observed in Japan for coastal activities, security enforcement, and disaster relief missions in the country. In April 2020, Japan Coast Guard placed a follow-on order for two H225 helicopters. This order brought JCG's Super Puma fleet to 13 H225s. used for coastal activities, security enforcement, as well as disaster relief missions in Japan. Countries, like India, with mountainous borders in its northern part, are also eyeing to enhance the fleet of heavy-lift helicopters to supply essentials to the troops stationed at remote locations. For instance, in April 2021, HAL announced that it is developing new heavy-class multi-role helicopter for the Indian military. Popular as the Indian Multi-Role Helicopter (IMRH), the twin-engined rotorcraft could be available from 2028. Such developments would provide immense flexibility to the Indian Air Force for a variety of tasks. Such helicopters can also be used to provide a boost to the infrastructure and border road projects that were long overdue.
China Held Highest Shares in the Market
China has the largest military helicopter fleet in Asia-Pacific. An increase in defense expenditure and rising procurement of heavy-lift helicopters for military and commercial applications drive market growth across the country. The heavy-lift helicopters in the country are used for transporting troops and equipment to the country's vast border and the diverse and rugged landscape surrounding the country. However, the takeoff weight of China's domestically developed helicopters are usually below 10 metric ton, and heavy-lift helicopters with above 20 metric ton takeoff weight are still in the blank. In November 2021, China signed an agreement with Rostec State Corporation to jointly develop heavy-lift helicopters to fill this service gap and improve the capabilities of heavy-lift helicopters. According to Rostec, a minimum of 200 units of advanced heavy-lift (AHL) helicopters are to be manufactured in China using components sourced from Russia. An AHL helicopter has a maximum takeoff weight of 38.2 metric tons, a weigh-lift capability of almost 15 metric tons, a flight range of 800 km, and a maximum speed of 300 kmph. The delivery of the helicopters is scheduled to be completed by 2032. The procurement of new heavy-lift helicopters is also envisioned to play a great role in natural disaster relief or special military operations, and this may drive the growth of the heavy-lift helicopter market in China.
APAC Heavy-Lift Helicopter Industry Overview
Helicopter manufacturers, such as The Boeing Company, Airbus SE, Russian Helicopters, Lockheed Martin Corporation, and Textron Inc., are the prominent players in the market. The market is highly consolidated, with around six players occupying more than 80% of the total market share. Companies, like Boeing, Russian Helicopters, and Lockheed Martin Corporation, are trying to increase their market presence in the region by addressing the heavy-lift helicopter needs of the various militaries in the region. Owing to the companies' strong presence in the Asia-Pacific region, it is expected that many countries in the region may be placing new procurement orders for similar heavy-lift helicopters during the forecast period.
APAC Heavy-Lift Helicopter Market Leaders
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The Boeing Company
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Airbus SE
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Lockheed Martin Corporation
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Textron Inc.
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Russian Helicopters
*Disclaimer: Major Players sorted in no particular order
APAC Heavy-Lift Helicopter Market News
In June 2022, The Boeing Company successfully delivered two CH-47F heavy-lift helicopters to the Australian Army as per the agreement made between Boeing and Australia worth USD 419 million back in 2019.
In July 2022, South Korean defense authorities approved a project to acquire the Boeing CH-47F Chinook heavy-lift helicopter. The South Korean Defense Project Promotion Committee approved a 1.4 trillion-won project to deploy CH-47Fs by 2028.
APAC Heavy-Lift Helicopter Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 End User
- 5.1.1 Military
- 5.1.2 Civilian
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5.2 Geography
- 5.2.1 Australia
- 5.2.2 China
- 5.2.3 India
- 5.2.4 Japan
- 5.2.5 South Korea
- 5.2.6 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 The Boeing Company
- 6.2.2 Airbus SE
- 6.2.3 Russian Helicopters (Rostec State Corporation)
- 6.2.4 Lockheed Martin Corporation
- 6.2.5 Textron Inc.
- 6.2.6 Aviation Corporation of China (AVIC)
- 6.2.7 Enstrom Helicopter Corp.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAPAC Heavy-Lift Helicopter Industry Segmentation
Heavy-lift helicopters are used for the transportation of heavy loads to remote locations where other means of transport are either not available or economically unfeasible. The heavy-lift helicopter can transport loads weighing up to 44,000 lbs.
The Asia-Pacific heavy-lift helicopter market is segmented by the end user. By end user, the market is segmented into civilian and military. By country, the market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. The report offers the market size and forecasts by value (USD Million) for all the above segments.
| End User | Military |
| Civilian | |
| Geography | Australia |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
APAC Heavy-Lift Helicopter Market Research FAQs
What is the current Asia-Pacific Heavy-lift Helicopter Market size?
The Asia-Pacific Heavy-lift Helicopter Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Heavy-lift Helicopter Market?
The Boeing Company, Airbus SE, Lockheed Martin Corporation , Textron Inc. and Russian Helicopters are the major companies operating in the Asia-Pacific Heavy-lift Helicopter Market.
What years does this Asia-Pacific Heavy-lift Helicopter Market cover?
The report covers the Asia-Pacific Heavy-lift Helicopter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Heavy-lift Helicopter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Heavy-lift Helicopter Industry Report
Statistics for the 2024 Asia-Pacific Heavy-lift Helicopter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Heavy-lift Helicopter analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
