Commercial Helicopters Market Size (2024 - 2029)

Commercial Helicopter Market Analysis

The Commercial Helicopters Market size is estimated at USD 1.03 billion in 2024, and is expected to reach USD 1.31 billion by 2029, at a CAGR of 4.86% during the forecast period (2024-2029).

Commercial helicopters are rotorcraft designed and used for various business and non-military purposes. They offer versatility and flexibility in transportation, logistics, and other operations, such as firefighting, film and photography, utility, and survey work. Thus, they are employed in multiple industries and applications. The growing demand for rotorcraft, such as helicopters, for various applications and end-user industries, like oil and gas and law enforcement, is expected to drive market growth.

The intensive use of helicopters for various applications has simultaneously increased the need to incorporate advanced technologies to facilitate their use for contra-distinct purposes. Technological developments like engine performance enhancement, improvement of their performance capabilities, etc., have made them more suitable for functioning in harsh and challenging environments. Market players are focusing on enhancing the ergonomics and safety aspects of helicopters. However, the market might witness significant resilience from the rapid growth of the drone industry as they can act as potential substitutes for helicopters, particularly in specific applications for end users.

The commercial helicopter market is susceptible to regional economic conditions and their subsequent impact on levels of capital investment and consumer spending. Factors such as the economic downturn can lead to reduced investments, changes in government spending levels, reduced customers’ and suppliers’ access to credit, hamper consumer confidence, and increase buyers’ propensity for cheaper substitutes in specific applications.

Commercial Helicopter Industry Segmentation

Commercial helicopters are rotorcraft designed and used for various business and non-military purposes. They are employed in multiple industries and applications, offering versatility and flexibility in transportation, logistics, and other operations.

The commercial helicopter market is segmented by maximum take-off weight, number of engines, end-user, and geography. By maximum take-off weight, the market is segmented into light, medium, and heavy. By number of engines, the market is segmented into single-engine and multi-engine. By end-user, the market is classified into commercial, private, and other end-users. The others segment includes government agencies and departments and law enforcement agencies. The report offers the market size and forecasts for major countries across the regions. For each segment, the market sizing and forecasts were made based on value (USD).