The Commercial helicopter industry provides several services. Some of these services include flying passengers during sightseeing trips, patrolling oil pipelines, assisting during search-and-rescue missions, aerial survey, feral animal control, aerial spraying of liquid fertilizer on farms, etc. Previously, commercial helicopters were created with the purpose of flying passengers from downtown areas to the major airports.
“The Global Commercial Helicopter Market 2013–2023” offers the reader detailed analysis of the global Commercial Helicopter market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.
Factors Driving and Restricting the Commercial Helicopter Market
Listed below are the various elements which influence the growth of the commercial helicopter market. The major factor which affects the growth of this market is the increasing demand for expert helicopter pilots and technicians.
Increasing Demand for More Efficient Helicopters
Due to the fast-growing global civil helicopters market, it has become difficult to meet the requirement of trained commercial technicians and pilots for support and service. Market in countries such as China is anticipated to add thousands of helicopter pilots and helicopters. Manufacturers such as Bell helicopters are looking at China as a market with a strong potential in the Asia-Pacific zone.
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Saturation of Market
The most prominent and important markets in this industry are North America and Europe since past few years. However, due to the changing scenario in the recent years there is a saturation of the commercial helicopter industry in these geographic zones. This saturation has almost made the market growth in these areas stagnant. Hence, it is expected that Asia-Pacific and Middle East will be the new growth centers for the market during the forecast period of 2013 – 2023.
A market intelligence company has estimated that the global commercial helicopter market will grow at a CAGR rate of 3.08 percent during the period of 2013 to 2023 period. However, reforms should be introduced by the government of different countries to contribute towards the growth of this market.
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