6-Jun-2014 Source: Companies and Markets
Analysts forecast the Global Helicopter market to grow at a CAGR of 2.60 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing demand from civil end-users. The Global Helicopter market has also been witnessing the increase in high-altitude and versatile helicopters. However, the falling global defense budgets could pose a challenge to the growth of this market.
The following key players operate in the Global Helicopter Market: AgustaWestland NV, Bell Helicopter Textron Inc., Eurocopter, Russian Helicopters, JSC, Sikorsky Aircraft Corp., Avicopter, Enstrom Helicopter Corp., Kaman Aerospace, Korea Aerospace Industries (KAI), MD Helicopters, Robinson Helicopter Company, Rostvertol, and Ulan-Ude Aviation Plant.
High-altitude helicopters are mainly used for flying above 15,000 feet from sea level. Currently, the demand for these helicopters is increasing at a rapid rate. The major adopters of these helicopters are the Civil Aviation and Defense sectors. These helicopters are used for rescue operations, as well as for transportation and training. As a result of the high demand for high-altitude and versatile helicopters, vendors are manufacturing helicopters that can be used for different applications. This is expected to have a positive impact on the Global Helicopter market during the forecast period.
The increasing demand from the Civil Aviation sector is one of the major drivers of the market. In the Civil Aviation sector, helicopters are used more to carry passengers in the remote areas, where runways are not available. They are also used as an air ambulance.
A decrease in the defense budget is one of the major challenges for the market. As a result of slow economic development and other political reasons, governments in various countries have reduced their defense budgets.
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