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Published Date: 2017-08-16Number of Pages: 140

Helicopter Seating Market, (Type - Passenger and Crew; Application - V.I.P., Utility, Air Medical) - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Helicopter Seating Market: Snapshot

The global helicopter seating market has been a direct beneficiary of the steady growth exhibited by the aviation sector in recent years. The aviation sector has flourished due to the rising entrepreneurial investment in the sector, which has fed all arms of the aviation sector. The use of helicopters has grown steadily in various sectors due to the high workload they can perform in diverse settings. This has benefitted the helicopter seating market significantly, as helicopter seating has undergone consistent technological transformation, lending a solid push to the global helicopter seating market.

The revenue of the global helicopter seating market was valued at US$1.7 bn in 2017 and is expected to rise to US$4.3 bn by the end of 2025. The helicopter seating market is likely to exhibit a robust 12% CAGR in the forecast period.

The steady technological progression of the helicopter aviation sector is vital to the growth of the helicopter seating market. The increasing availability of advanced helicopters in developing regions has resulted in rising demand from the helicopter seating market directly as well as growing utilization of older, cheaper helicopters for utility applications. The growing high income demographic in Asia Pacific and the Middle East is also likely to remain a vital factor for the global helicopter seating market, as rising demand for VIP helicopter seating could see a significant change in the dynamics of the global helicopter seating market.

 

helicopter seating market

 

Utility and Air Medical Application Settings Likely to Dominate Helicopter Seating Market

The global helicopter seating market is segmented by application into VIP, utility, and air medical applications. The increasing utility of air medical services in widening the reach of healthcare services has led to rising demand from the helicopter seating market. The VIP segment of the helicopter seating market is likely to remain commercially relevant to the market despite relatively low sales figures, due to the high per-unit profit on such helicopters.

By type, the global helicopter seating market is divided into passenger seating, crew seating, and others. There is immense diversity in the helicopter seating market due to the various types of seating arrangements preferred in different helicopter services and the corresponding need for diverse technology.

North America Likely to Dominate Helicopter Seating Market

Regionally, North America is likely to remain the dominant contributor to the global helicopter seating market. The U.S. is a major player in all aspects of the helicopter aviation sector and is a major consumer of helicopter technology, making steady growth of the helicopter seating market likely in North America. Europe is also likely to be a major regional player in the global helicopter seating market, particularly due to the rising utilization of helicopters in air medical services. Moreover, emerging countries in the Middle East and Asia Pacific are likely to be vital to the future of the helicopter seating market. The Asia Pacific helicopter seating market is likely to exhibit a robust 13.8% CAGR in the 2017-2025 forecast period, while the market is expected to grow at a relatively sedate 10.1% CAGR in North America in the same period.

Rising geopolitical tensions in Southeast Asia and the Middle East have also led to growing demand for helicopters in military applications. This is likely to remain a key factor for the global helicopter seating market due to the sustained tension between regional powers such as India, China, and Pakistan. The Asia Pacific market for helicopter seating was valued at US$340.6 mn in 2017 and is expected to rise to US$960.4 mn by 2025.

The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies, leading to both companies emerging more profitable and stronger. Key players in the global helicopter seating market have been profiled in the report and their company overview, financial overview, business strategies, and recent developments have been covered. Major market participants profiled in this report include Martin-Baker Aircraft Co. Ltd., Rockwell Collins, Inc., Stelia Aerospace, Zodiac Aerospace, Oregon Aero, Inc., and UTC Aerospace Systems.

Global Helicopter Seating Market: Overview

This market research study analyzes the helicopter seating market on global basis and provides estimates in terms of revenue (US$ Mn) from 2016 to 2025. It describes the market dynamics affecting the industry and analyzes their impact through the forecast period. Moreover, it highlights the significant opportunities for market growth in the next eight years. The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. These segments have been estimated in terms of revenue (US$ Mn). In addition, the report has been segmented based on type, which includes, passenger, crew and others. By application the market is categorized into V.I.P., utility, air medical and others. For better understanding of the helicopter seating market, the study comprises market attractiveness analysis, where the application segment is benchmarked based on their market scope, growth rate and market attractiveness. Competitive rivalry is projected to be high among key players to acquire higher share of the market in the coming years.

Global Helicopter Seating Market: Key Trends

Increasing application of helicopter seats in the military sector and tourism industry is influencing the growth of this market. There has been a transition in the seating structure of all aircrafts including the ones applicable for helicopter seating. Safety and comfort is a major issue when it comes to helicopter seating. Helicopter seats of today needs to comply with specific global aviation regulations relating to comfort and safety of passengers. Private helicopters may have seats that allow the user to have access to music, movies, internet, news and other infotainment features. Such features are common in commercial aircrafts but not in most of the helicopters used globally. Growth in the overall aviation sector and rising demand for fast transportation from high net worth individuals are the major reasons motivating the growth of the helicopter seating market.

Global Helicopter Seating Market: Competitive and Geographical Dynamics

The global helicopter seating market is consolidated with few large companies. Entry into this market is not restricted as there is no monopoly of business and the market has good scope and opportunity. However, setting up of manufacturing units for helicopter seating require huge capital and resource, which is not feasible for most of the small and medium sized companies. Increasing military expenditures and rising investments in aircraft seating manufacturing companies has been of great influence to the helicopter seating market. Significant growth in the aviation sector coupled with medical and tourism applications has bolstered the growth of this market. Asia Pacific, Middle East and Africa, and Latin America are key markets for the future and are expected to offer huge opportunities to the global helicopter seating manufacturers primarily due to the increasing demand for military helicopters in the aforementioned regions. The major driver of the global helicopter seating market is the increasing safety in helicopters and decreasing rate in accidents due to numerous advancements in the helicopter seat manufacturing technology. Moreover, huge application of helicopter seats in military helicopters and demand for VVIP helicopters are the other vital drivers of the market.

The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global helicopter seating market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Martin-Baker Aircraft Co. Ltd., Rockwell Collins, Inc., Stelia Aerospace, Zodiac Aerospace, Oregon Aero, Inc. and UTC Aerospace Systems.

The global helicopter seating market is segmented as below:

Global Helicopter Seating Market: By Type

  • Passenger
  • Crew
  • Others

Global Helicopter Seating Market: By Application

  • V.I.P.
  • Utility
  • Air Medical
  • Others

Global Helicopter Seating Market: By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Australia
    • New Zealand
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • UAE
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America


 
 
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