North America Helicopters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 17.85 Billion |
| Market Size (2029) | USD 24.71 Billion |
| CAGR (2024 - 2029) | 6.72 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Helicopters Market Analysis
The North America Helicopters Market size is estimated at USD 17.85 billion in 2024, and is expected to reach USD 24.71 billion by 2029, growing at a CAGR of 6.72% during the forecast period (2024-2029).
The region has a significant demand for commercial helicopters, which are used for both professional and leisure activities. At the same time, the demand for military helicopters is driven by the ongoing fleet modernization programs of the regional armed forces.
The helicopter OEMs are focused on developing new-generation helicopters with superior flight capabilities compared to their predecessors. Advancements in new composite technologies and helicopter health, usage & monitoring systems (HUMS) will enhance operational predictability, hone down unscheduled maintenance events, and provide complete prognostics to optimize scheduled maintenance, resulting in increased mission readiness and lower maintenance costs. However, safety incidents, such as helicopter crashes, raise significant reliability concerns and may impede the market growth in the region.
North America Helicopters Market Trends
Military End-user Segment to Dominate the Market in Terms of Revenue
Military helicopters are used for numerous applications such as ground attack, military logistics, air assault, medical evacuation, command and control, and troop transport. An increase in defense expenditure, rising spending on procurement of advanced military helicopters, and a growing focus on strengthening defense capabilities from the US and Canada drive the market growth. In the US, the military helicopter industry has matured to a point wherein they constitute the aerial vehicle component of the defense forces for tactical troop lift, logistics transport, battlefield reconnaissance and surveillance, attack, and combat aircrew recovery.
The helicopter has become a key enabler in modern crisis management operations, especially when countering an asymmetric enemy. Despite having significant numbers of rotary-wing aircraft, military operations have been short of vital helicopter support. To cater to this demand, in December 2022, the US Army awarded Bell to deliver its V-280 Valor as its next-generation assault aircraft under the Future Attack Reconnaissance Aircraft (FARA) program to replace the army’s AH-65 Apache and roughly 2,000 Black Hawk utility helicopters under USD 1.9 billion contract. Additionally, the Canadian Air Force is envisioning refurbishing its 85 Bell CH-146 Griffon utility helicopters to extend its lifespan until 2031. Such developments are anticipated to foster the market's growth, with several units being inducted during the forecast period.
United States to Dominate the Market During the Forecast Period
Helicopters are used extensively in the US in the commercial and defense sectors. Helicopters are being used to transport personnel to offshore oil and gas production facilities, in helicopter emergency medical services (HEMS), VIP transport, law enforcement, and public safety domains. With the increase in inclination toward cleaner, more sustainable energy demands, the increasing offshore wind farm projects across the country have driven the demand for helicopter services. As a result, new contracts and partnerships have been increasing, increasing market value.
For instance, in September 2023, Airbus was awarded a contract by US offshore helicopter operator PHI Group for 28 medium and super-medium helicopters. Also, the US houses some leading global helicopter manufacturers, such as Bell and The Boeing Company. Furthermore, the country also supplies military helicopters, such as the Apache, to other countries under the Foreign Military Sales (FMS) program. On this note, in March 2023, Boeing was awarded a contract by the US Army to build 115 new AH-64E Apache Guardian attack helicopters with an additional 15 options under a USD 1.9 billion contract. Such developments are envisioned to drive the business prospects of the helicopter OEMs based in the US.
North America Helicopters Industry Overview
The North America helicopter market is consolidated with a few players holding significant shares in the market. Some key players in the market are Airbus SE, Textron Inc., Lockheed Martin Corporation, Leonardo S.p.A., and The Boeing Company.
In 2022, Airbus Helicopters delivered 66 helicopters to the US and Canada. The company currently holds around 28% of the regional market share. To date, Airbus Helicopters North America has delivered more than 3,118 helicopters. The key market players have invested significantly in R&D activities to develop new-age rotorcraft using composite materials and advanced avionics. Manufacturers worldwide are integrating advanced features onboard their helicopter offerings, such as Full-Authority Digital Engine Control (FADEC), responsive avionics suite, and updated satellite navigation systems for all-weather operations.
North America Helicopters Market Leaders
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Airbus SE
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Textron Inc.
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Lockheed Martin Corporation
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Leonardo S.p.A.
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The Boeing Company
*Disclaimer: Major Players sorted in no particular order
North America Helicopters Market News
In April 2023, Airbus Helicopters introduced the first US-built H125 military helicopter, called AH-125 and MH-125 Ares. These combat-capable aircraft will feature militarized options that meet the needs of military and para-public allies and partners worldwide.
In March 2023, The Boeing Company initiated production on the first 13 MH-139A Grey Wolf helicopters, following the award of a USD 285 million US Air Force contract for aircraft, sustainment, and support services. The MH-139A’s enhanced capabilities allow it to accomplish missions more quickly, quietly, and efficiently.
North America Helicopters Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Engine
5.1.1 Piston
5.1.2 Turbine
5.2 End-user
5.2.1 Commercial
5.2.2 Military
5.3 Geography
5.3.1 United States
5.3.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airbus SE
6.2.2 Textron Inc.
6.2.3 Lockheed Martin Corporation
6.2.4 Leonardo S.p.A.
6.2.5 Kopter Group
6.2.6 The Boeing Company
6.2.7 Enstrom Helicopter Corp.
6.2.8 MD Helicopters, LLC
6.2.9 Robinson Helicopter Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Helicopters Industry Segmentation
Helicopters are used in various commercial and military applications such as transportation, rescue, combat, and surveillance. Helicopters can perform vertical take-off and landing, hover, and fly in any direction, making them suitable for remote, rugged, or congested areas where fixed-wing aircraft cannot operate. In the military, helicopters can carry out missions that require speed, agility, stealth, and firepower, such as attack, reconnaissance, surveillance, combat, and rescue. Helicopters are also essential for transporting troops, equipment, and supplies on the battlefield. Additionally, helicopters can provide air ambulance services, search and rescue operations, oil and gas exploration, corporate travel, tourism, and aerial photography.
The North America helicopter market is segmented based on engine type, end-user, and geography. By engine type, the market is segmented into piston and turbine. By end-user, the market is divided into commercial and military. The report also covers the market sizes and forecasts for major countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| Engine | |
| Piston | |
| Turbine |
| End-user | |
| Commercial | |
| Military |
| Geography | |
| United States | |
| Canada |
North America Helicopters Market Research FAQs
How big is the North America Helicopters Market?
The North America Helicopters Market size is expected to reach USD 17.85 billion in 2024 and grow at a CAGR of 6.72% to reach USD 24.71 billion by 2029.
What is the current North America Helicopters Market size?
In 2024, the North America Helicopters Market size is expected to reach USD 17.85 billion.
Who are the key players in North America Helicopters Market?
Airbus SE, Textron Inc., Lockheed Martin Corporation, Leonardo S.p.A. and The Boeing Company are the major companies operating in the North America Helicopters Market.
What years does this North America Helicopters Market cover, and what was the market size in 2023?
In 2023, the North America Helicopters Market size was estimated at USD 16.65 billion. The report covers the North America Helicopters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Helicopters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Helicopter Industry Report
Statistics for the 2024 North America Helicopter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Helicopter analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
