Medium and Heavy-Lift Helicopters Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 19.89 Billion |
| Market Size (2029) | USD 24.03 Billion |
| CAGR (2024 - 2029) | 3.86 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medium and Heavy-Lift Helicopters Market Analysis
The Medium And Heavy-lift Helicopters Market size is estimated at USD 19.89 billion in 2024, and is expected to reach USD 24.03 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).
- There is a growing demand for medium- and heavy-lift helicopters in the commercial sectors, with their increasing use in different applications, such as tourism, medical and emergency rescue services, transportation, law enforcement, and offshore helicopter services. In the military, the demand for medium-lift multi-role and utility helicopters is increasing from almost every region in the world, driving the market's growth.
- The development of newer generation helicopters with increased technological advancement will further support the market's growth, especially in the military sector, as several countries look to replace their aging fleet of medium—and heavy-lift helicopters.
Medium and Heavy-Lift Helicopters Market Trends
Medium-lift Helicopters Segment to Witness the Highest Growth During the Forecast Period
The demand for medium-lift helicopters is increasing in the civil, commercial, and military sectors. They are generally incorporated with multi-mission capabilities that make them suitable for lifting operations in rigid environments, including helicopter logging, ski-lift installations, power line construction, and logistical support for remote construction sites where heavy-lift helicopters struggle to operate.
Manufacturers of helicopters are experiencing a massive demand for their medium-lift models for various purposes like tourism, medical, emergency rescue services, law enforcement, transportation, and offshore helicopter services. In September 2023, Airbus Helicopters and PHI Group (PHI) signed an agreement that includes 20 super-medium H175 helicopter deliveries. These helicopters will be used to serve the energy market worldwide.
Similarly, in July 2022, Poland signed a contract worth USD 1.83 billion to buy 32 AW149 helicopters from the Italian defense group Leonardo S.p.A. The contract includes logistics, training, and simulator packages. Helicopters will be delivered between 2023 and 2029. Such developments will drive the demand for medium-lift helicopters during the forecast period.
Asia-Pacific Region is Projected to Dominate Market Share During the Forecast Period
The advancement in the civil and commercial sectors is a big boost, especially in the sales of medium-lift helicopters in the Asia-Pacific. The number of high-net-worth individuals (HNWIs) is increasing the number of charter services. Nations in the region are also using these helicopters to upgrade their services and forces.
China has the most significant military helicopter fleet in Asia-Pacific. In April 2022, the Chinese Navy announced the service entry of its new anti-submarine helicopter, the Z-20. The naval version of the Z-20 would replace the domestically made Harbin Z-9C and Russian-built Ka-28 helicopters, and it will be used as a utility helicopter for anti-submarine warfare and assault.
In addition, the territorial commercial segment of the market is witnessing a massive demand from Southeast Asian countries like Indonesia, Malaysia, Singapore, and Thailand. For instance, in March 2023, two AW139s were ordered by SFS Aviation, a leading provider of offshore helicopter services for oil and gas companies in Thailand. Due to this, the region's medium and heavy-lift helicopter market is expected to show significant growth during the forecast period.
Medium and Heavy-Lift Helicopters Industry Overview
The medium and heavy-lift helicopters market is consolidated with a few players such as Airbus SE, Lockheed Martin Corporation, Textron Inc., Leonardo S.p.A., and Russian Helicopters JSC.
Players focus on developing advanced helicopter models with new features and performance enhancements. For instance, the new Sikorsky CH-53K King Stallion, which is currently being developed by Sikorsky Aircraft, features new composite rotor blades and a wider aircraft cabin than previous CH-53 variants and can attain an extra speed of 37 mph compared to its CH-53E predecessor. During the forecast period, the company aims to sell these helicopters to countries like Germany, Japan, and Israel in addition to the US military. Such developments are expected to help the growth of the players during the forecast period.
Medium and Heavy-Lift Helicopters Market Leaders
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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 JSC
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Leonardo S.p.A.
*Disclaimer: Major Players sorted in no particular order
Medium and Heavy-Lift Helicopters Market News
In February 2023, the Australian Army ordered 40 UH-60M Black Hawks from Sikorsky, a subsidiary of Lockheed Martin Corporation. The deal is valued at an estimated USD 1.95 Billion. The UH-60M Black Hawk is a military-grade Medium-Lift Helicopter.
In January 2023, the US Army awarded a USD 497.1 million contract to The Boeing Company for CH-47F Chinook helicopters. The CH-47F is a heavy-lift helicopter, primarily used in the military.
Medium and Heavy-Lift Helicopters 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
-
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 Application
- 5.1.1 Civil and Commercial
- 5.1.2 Mlitary
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5.2 Type
- 5.2.1 Medium-lift
- 5.2.2 Heavy-lift
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 United Arab Emirates
- 5.3.4.2 Saudi Arabia
- 5.3.4.3 Israel
- 5.3.4.4 Rest of Middle East and Africa
- 5.3.5 Latin America
- 5.3.5.1 Mexico
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of Latin America
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
-
6.2 Company Profiles
- 6.2.1 Airbus SE
- 6.2.2 The Boeing Company
- 6.2.3 Leonardo S.p.A.
- 6.2.4 Textron Inc.
- 6.2.5 Lockheed Martin Corporation
- 6.2.6 Russian Helicopters JSC
- 6.2.7 Aviation Corporation of China (AVIC)
- 6.2.8 Kaman Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMedium and Heavy-Lift Helicopters Industry Segmentation
Medium-lift helicopters can carry loads ranging from 6,000 lbs to 18,000 lbs. Loads higher than 18,000 lbs are carried by Heavy-Lift Helicopters.
The medium and heavy-lift helicopters market is segmented by application, type, and geography. By application, the market is segmented into commercial, civil, and military. By type, the market is segmented into medium-lift and heavy-lift. The report also covers the market sizes and forecasts for the medium and heavy-lift helicopters market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Application | Civil and Commercial | |
| Mlitary | ||
| Type | Medium-lift | |
| Heavy-lift | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Israel | ||
| Rest of Middle East and Africa | ||
| Geography | Latin America | Mexico |
| Brazil | ||
| Rest of Latin America |
Medium and Heavy-Lift Helicopters Market Research FAQs
How big is the Medium And Heavy-lift Helicopters Market?
The Medium And Heavy-lift Helicopters Market size is expected to reach USD 19.89 billion in 2024 and grow at a CAGR of 3.86% to reach USD 24.03 billion by 2029.
What is the current Medium And Heavy-lift Helicopters Market size?
In 2024, the Medium And Heavy-lift Helicopters Market size is expected to reach USD 19.89 billion.
Who are the key players in Medium And Heavy-lift Helicopters Market?
Airbus SE, Lockheed Martin Corporation, Textron Inc., Russian Helicopters JSC and Leonardo S.p.A. are the major companies operating in the Medium And Heavy-lift Helicopters Market.
Which is the fastest growing region in Medium And Heavy-lift Helicopters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medium And Heavy-lift Helicopters Market?
In 2024, the North America accounts for the largest market share in Medium And Heavy-lift Helicopters Market.
What years does this Medium And Heavy-lift Helicopters Market cover, and what was the market size in 2023?
In 2023, the Medium And Heavy-lift Helicopters Market size was estimated at USD 19.12 billion. The report covers the Medium And Heavy-lift Helicopters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medium And Heavy-lift Helicopters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medium and Heavy-Lift Helicopters Industry Report
Statistics for the 2024 Medium and Heavy-Lift Helicopters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medium and Heavy-Lift Helicopters analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
