North America Helicopters Market Size (2024 - 2029)

The North America Helicopters Market is projected to experience growth over the forecast period, driven by substantial demand for both commercial and military helicopters. The market's expansion is supported by the development of new-generation helicopters featuring advanced flight capabilities and technologies that enhance operational efficiency and reduce maintenance costs. Despite these positive trends, concerns over safety incidents, such as crashes, pose challenges to the market's growth trajectory.

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Market Size of North America Helicopters Industry

North America Helicopters Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 17.85 Billion
Market Size (2029) USD 24.71 Billion
CAGR (2024 - 2029) 6.72 %
Market Concentration High

Major Players

North America Helicopters Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Helicopters Market Analysis

The North America Helicopters Market size is estimated at USD 17.85 billion in 2024, and is expected to reach USD 24.71 billion by 2029, growing at a CAGR of 6.72% during the forecast period (2024-2029).

The region has a significant demand for commercial helicopters, which are used for both professional and leisure activities. At the same time, the demand for military helicopters is driven by the ongoing fleet modernization programs of the regional armed forces.

The helicopter OEMs are focused on developing new-generation helicopters with superior flight capabilities compared to their predecessors. Advancements in new composite technologies and helicopter health, usage & monitoring systems (HUMS) will enhance operational predictability, hone down unscheduled maintenance events, and provide complete prognostics to optimize scheduled maintenance, resulting in increased mission readiness and lower maintenance costs. However, safety incidents, such as helicopter crashes, raise significant reliability concerns and may impede the market growth in the region.

North America Helicopters Industry Segmentation

Helicopters are used in various commercial and military applications such as transportation, rescue, combat, and surveillance. Helicopters can perform vertical take-off and landing, hover, and fly in any direction, making them suitable for remote, rugged, or congested areas where fixed-wing aircraft cannot operate. In the military, helicopters can carry out missions that require speed, agility, stealth, and firepower, such as attack, reconnaissance, surveillance, combat, and rescue. Helicopters are also essential for transporting troops, equipment, and supplies on the battlefield. Additionally, helicopters can provide air ambulance services, search and rescue operations, oil and gas exploration, corporate travel, tourism, and aerial photography.

The North America helicopter market is segmented based on engine type, end-user, and geography. By engine type, the market is segmented into piston and turbine. By end-user, the market is divided into commercial and military. The report also covers the market sizes and forecasts for major countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Engine
Piston
Turbine
End-user
Commercial
Military
Geography
United States
Canada
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North America Helicopters Market Size Summary

The North America helicopter market is poised for significant growth, driven by robust demand in both commercial and military sectors. The region's commercial helicopter market is bolstered by activities such as offshore oil and gas transportation, emergency medical services, and public safety operations. Meanwhile, the military segment is experiencing expansion due to increased defense spending and modernization programs in the United States and Canada. Helicopters are integral to modern military operations, serving various roles from logistics to combat support. The development of next-generation helicopters with advanced technologies is enhancing operational capabilities and reducing maintenance costs, although safety concerns remain a challenge.

The market is characterized by a few dominant players, including Airbus SE, Textron Inc., Lockheed Martin Corporation, Leonardo S.p.A., and The Boeing Company, who hold substantial market shares. These companies are heavily investing in research and development to innovate rotorcraft with advanced materials and avionics. The US, home to leading helicopter manufacturers, also plays a crucial role in the global supply chain, providing military helicopters to other nations. Recent contracts and partnerships, such as those involving Airbus and Boeing, underscore the dynamic nature of the market, with new aircraft deliveries and production initiatives expected to drive growth during the forecast period.

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North America Helicopters Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Engine

      1. 2.1.1 Piston

      2. 2.1.2 Turbine

    2. 2.2 End-user

      1. 2.2.1 Commercial

      2. 2.2.2 Military

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Helicopters Market Size FAQs

The North America Helicopters Market size is expected to reach USD 17.85 billion in 2024 and grow at a CAGR of 6.72% to reach USD 24.71 billion by 2029.

In 2024, the North America Helicopters Market size is expected to reach USD 17.85 billion.

North America Helicopter Market Report Snapshots

North America Helicopters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)