Analysis of Helicopter Engine market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The helicopter employs the two most common type of engines: the reciprocating or piston cylinder engines and the gas turbines engines. The reciprocating engines are commonly used in smaller helicopters, such as practice helicopters, as they are inexpensive and straightforward. The turbine engines are more powerful and are used in a wide range of helicopters. It produces an enormous amount of power but is more expensive.
The next generations of turbine helicopter engines are already round the corner being catalyzed by the U.S. Army’s Improved Engine Turbine Program (IETP) and the Future Affordable Turbine Engine (FATE) programs. These next-generation engines are going to be more powerful & lighter, incorporating advanced material.
The rise in the usage of a helicopter is anticipated to increase the global helicopter engines market. The demand for the helicopter in the commercial and military sector has grown gradually. The military sector is the key driver for the market growth of the global helicopter engines market. Military helicopter is widely used for law enforcement, disaster management and rescue operations.
The government spending on military equipment has increased significantly, which is likely to increase the sales of helicopter engines in the global market. The civil helicopter is used for corporate transportation, offshore transportation general utility and others. The rise in the number of air ambulance services has also grown in the recent years.
The increase in demand for helicopters can increase the production of new helicopter engines by the OEMs owing to the increase in the growth avenues from global helicopter engines market. Another trend for the helicopter engine industry market is the tourism industry. Increasing customer concern for more equipped and advanced avionics and flight safety are expected to fuel the growth of the global helicopter engines market.
In terms of regional demand, the Helicopter Engine market can be segmented into seven regions which include North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific except Japan) and the Middle East and Africa. Globally, North America holds the highest market share in the helicopter engine market with the U.S. being the major market for the helicopter engines.
The demand from the U.S. is likely to continue being the driving factor for the helicopter engines market in the coming years. The demand in European countries is also gaining pace at a stagnant rate. The demand for helicopter engines in Asia Pacific countries is rising. China has the leading market for sales of helicopter engines. The demand for helicopter engines in the CIS and Russia regions is also enhanced. The Middle East and Africa regions shows decent growth in the demand for the helicopter engine market.
The global key player for the helicopter engine are
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The market for helicopter engine is fragmented because of the presence of key players. The necessity for improving the helicopter engine performance has become one of the main areas of concentration for the helicopter manufacturers, as fuel economy is also one of the chief factors that reduce the operating costs of the helicopters. Helicopter manufacturers are upgrading to more efficient engines in their new helicopter models. More modern technologies are being introduced from time-to-time, which is intended to enhance the performance of the engines. This would make way for the manufacturers to deliver more efficient, newer generation and technologically advanced helicopter engines during the forecast period.
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According to the type, the helicopter engines are segmented as:
The turbine helicopter engines are further segmented as:
According to the applications, the helicopter engines are segmented as:
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The global helicopter engine market is expected to progress at a CAGR of 3.8% through 2028.
The industry of helicopter engines is valued at US$ 22.4 billion in the year 2022.
A larger demand for helicopters across the military and commercial sectors is predicted to stimulate sales of helicopter engines.
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