Rotorcraft Market

Rotorcraft: Introduction

• A rotorcraft is type of aircraft that produces the lift force by rotating the rotary blade around its drive shaft. A rotorcraft consist of engines, rotors, drive shafts, gears, flight controls, electronics unit and landing gear. A rotorcraft comprises helicopters, autogyros, and several types of drones.
• Rotorcraft serves diverse operations ranging from rescue, military and commercial operations with high speed and precision though working in adverse climatic conditions

Key Drivers of Global Rotorcraft Market:

• Rotorcrafts are capable of vertical take-off and landing (VTOL), and hence, they are used to reach areas that are not accessible by the airplanes, which in turn driving the global rotorcraft market.
• The global military rotorcraft market is majorly driven by the huge demand from military and commercial sector. Military operations in remote locations or inaccessible topography are effectively carried out by helicopters. Furthermore, emergency search and rescue operations also require rotorcraft for the transportation of personnel, patients, and medical aids, which in turn is projected to propel the global rotorcraft market during the forecast period.
• Increase in use cases of drones in military applications, such as in surveillance and security mapping, light duty freight supply, and weapon supply, has also increased the demand for rotorcraft. Rise in demand for unmanned aerial vehicles (UAVs) is likely to drive the rotorcraft market. Growing safety concerns of military personnel has fuelled the need for UAVs to surveillance and reconnaissance, delivery and transportation, target acquisition, and intelligence operations. Rotorcrafts are also capable of handling combat situations and weapon firing which acts as a positive prospect for the rotorcraft market growth. The increasing geopolitical tensions and cross-border conflicts are also demanding for the military rotorcraft segment.

Restraints in Global Rotorcraft Market:

• High initial cost involved in rotorcraft construction, complex design, and high maintenance and service cost are some of the challenges of the global rotorcraft market
• Lack of regulatory framework for successful commercialization of drone applications is also restraining the rotorcraft market growth

Opportunities in Global Rotorcraft Market:

• In April 2022, The European Commission, under the EU Merger Regulation, has approved the proposed acquisition of Meggitt by Parker. Parker and Meggitt are leading global suppliers of wheels and brakes for wide range of aircraft types, including military helicopters and drones.
• The Government of India, in awake of self-reliance declared new ‘no import’ list. The list comprises helicopters, range of missiles and ammunition, and light tanks. In June 2022, the Government of India recently organized its biggest drone festival to date at New Delhi to showcase the potential of indigenous drone industry.
• Increasing cross-border tensions in Asia among India-China-Pakistan and thereby increasing attention of the respective governments over the strategic development. The governments of these countries are investing huge amount of their GDP on defence. The demand for Unmanned Aerial Vehicles (UAVs) or drones is increasing at a significant rate owing to growing concern around personnel safety, which is the important factor creating opportunities for the global rotorcraft market.

Regional Outlook of Global Rotorcraft Market

Asia Pacific and Europe are anticipated to hold significant share of the global rotorcraft market during the forecast period. The ongoing war crisis between Russia and Ukraine has created major demand for a wide range of rotorcrafts. Moreover, successive cross-border tensions in APAC amongst India-China-Pakistan has also been boosting the demand for rotorcrafts for surveillance and reconnaissance. Increasing popularity of drones in APAC and Middle-East is significantly driving the rotorcraft market in these regions. The Europe and APAC market is likely to be closely followed by North America market, and it is estimated to be majorly contributed by the U.S. air force. The U.S. has large number of ageing aircraft in its fleet. The old fleets are rapidly being replaced by technologically advanced, high capacity aircrafts. Major players such as Lockheed Martin Corporation, Airbus SE are working with U.S. military forces to employ advanced, high capacity transportation aircrafts. Moreover, the U.S. stands to be the largest spender of military expenses, which in turn is estimated to propel the market in North America.

Key Players Operating in Global Rotorcraft Market:

Key players operating in the global rotorcraft market are:

• Aviation Industry Corporation of China (AVIC)
• Airbus SE
• Embraer SA
• Kawasaki Heavy Industries
• Leonardo SpA
• Lockheed Martin Corporation
• Mitsubishi Heavy Industries
• Rostec
• Textron Aviation
• The Boeing Company
• Dassault Aviation SA
• Saab AB
• Embraer S.A.
• GE Aviation
• Hindustan Aeronautics Limited
• Bell Textron Inc.
• Korea Aerospace Industries
• Chengdu Aircraft Industry Group

Global Rotorcraft Market, Research Scope

Global Rotorcraft Market, by Type

• Single Rotor
  • Helicopter
  • Autogyro
• Multi Rotor
  • Tandem rotor helicopters
  • Quadcopter
  • Hexacopter
  • Octocopter

Global Rotorcraft Market, by Weight

• Light Weight
• Medium Weight
• Heavy Weight

Global Rotorcraft Market, by Application

• Search and rescue
• Cargo Supply
• Defence
• Business
• Oil and Gas
• Shared Service
• Emergency Medical services
• Others

Global Rotorcraft Market, by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • Turkey
  • South Africa
  • Rest of Middle East & Africa