How big is the Helicopter Engines Market?

The Helicopter Engines Market size is expected to reach USD 24.26 billion in 2024 and grow at a CAGR of 4.16% to reach USD 29.75 billion by 2029. Read More

What is the current Helicopter Engines Market size?

In 2024, the Helicopter Engines Market size is expected to reach USD 24.26 billion. Read More

Who are the key players in Helicopter Engines Market?

General Electric Company, Rolls-Royce plc, Safran, Pratt & Whitney (RTX Corporation) and Honeywell International Inc. are the major companies operating in the Helicopter Engines Market. Read More

Which is the fastest growing region in Helicopter Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Helicopter Engines Market?

In 2024, the North America accounts for the largest market share in Helicopter Engines Market. Read More

What years does this Helicopter Engines Market cover, and what was the market size in 2023?

In 2023, the Helicopter Engines Market size was estimated at USD 23.25 billion. The report covers the Helicopter Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Helicopter Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Helicopter Engines Market - Manufacturers, Share & Analysis

Helicopter Engines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Helicopter Engines Market is Segmented by Application (Commercial Helicopters and Military Helicopters), Type (Piston Engine and Turbine Engine), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Helicopter Engines Industry Overview

The helicopter engines market is semi-consolidated and marked by the presence of prominent players including Safran, Pratt & Whitney (RTX Corporation), General Electric Company, Rolls-Royce plc, and Honeywell International Inc. Efforts are being made by the existing players to increase the efficiency and time between overhauls of the engines, which may help them grab new contracts with the helicopter OEMs.

In the military sector, many local manufacturers are trying to produce new-generation indigenous turboshaft engines for their military helicopters. For example, Turkey and India are developing their indigenous helicopter engines. As the relatively new players are capturing the market share, established players, to maintain their market dominance, need to expand in the untapped markets and increase their product innovation through significant R&D investments.

For instance, in March 2021, Honeywell was awarded a four-year indefinite delivery indefinite quantity (IDIQ) contract worth USD 476 million to Honeywell for new production and spare T55-GA-714A engines that power the U.S. Army's CH-47 Chinook helicopters.