According to a study from ReportBuyer, the global commercial helicopter systems market is valued at $8.2 billion in 2017 and is expected to increase to $11.6 billion by 2027, representing a CAGR of 3.49% during the forecast period.
Rising demand from emerging economies in the Asia-Pacific, Middle Eastern and Latin American markets, along with the growing usage of helicopters across different sectors, such as medical emergency services, law enforcement, VIP and corporate transportation and tourism, as well as offshore oil and gas, are some of the key factors expected to drive the market for commercial helicopters over the forecast period.
In terms of categories, medium helicopters are expected to account for the highest proportion of spending, followed by markets for light and heavy helicopters. The demand for commercial helicopters is expected to be driven by the rapid expansion of major helicopter operators and leasing corporations procuring significant numbers of new and advanced helicopters to renew their fleets. These helicopter operators and leasing firms serve a diverse client base from various industries including offshore oil and gas, energy, helicopter emergency medical services (HEMS), search and rescue services and VIP transport.
During 2017-2027, North America is expected to lead the global commercial helicopter market with a cumulative expenditure of $37.9 billion. The spending in the region will be largely driven by the growing usage of civil helicopters in HEMS, law enforcement operations and other para-public missions.
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