Sharp Surge Expected in Helicopter Sales in Coming Years

The burgeoning requirement for technologically advanced and innovative helicopters is propelling the sales of helicopters across the world. Several technological advancements and innovations have been made in the engine, emission systems, and airframe of helicopters over the last few years. These advancements have made helicopters highly resilient, more sustainable, and better performing in various environmental conditions. Moreover, the soaring requirement for high-performance helicopters in the oil and gas industry is further boosting the sales of helicopters across the globe.

These helicopters are used extensively for ferrying people from offshore rigs to the land and vice versa. The soaring usage of helicopters in several industries is boosting the sales of technologically advanced military and civil helicopters. Apart from these, the expansion of the aviation industry in developing countries is also creating lucrative growth opportunities for the players operating in the global helicopters market. Many original equipment manufacturers (OEMs) are expanding their operations in countries such as India and China.

Furthermore, the falling accident rates in helicopter transportation are bolstering the demand for this mode of transportation. Due to these factors, the helicopters market is expanding rapidly across the globe. Based on type, the market is bifurcated into civil and military. Between these, the civil helicopter category is predicted to demonstrate faster growth in the market in the forthcoming years. This will be because of the increasing offshore oil and gas exploration and production activities.

Geographically, the helicopters market recorded the highest growth in North America in the past years and this trend is predicted to continue in the coming years. This will be due to the soaring oil and gas exploration and production activities and the gradual phasing out of old civil and military helicopters in the regional countries. In the coming years, the sales of helicopters will surge in Latin America, as per the forecast of the market research company, P&S Intelligence.

Hence, it can be said with confidence that the sales of helicopters will shoot-up all over the world in the future years, primarily because of their growing requirement in the oil and gas industry and the development of technologically advanced and innovative variants.

Source: P&S Intelligence