Market Size of Search and Rescue Aircraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Search and Rescue Helicopter Market Analysis
The Search And Rescue Aircraft Market is expected to register a CAGR of more than 12.5% during the forecast period.
The COVID-19 pandemic impacted all aviation sectors globally for a short period. During the pandemic, the majority of the nonessential industry as well as the people's traffic in social places were very negligible. rescue cases during the pandemic were significantly fewer, due to this Search and rescue industry also faced setbacks due to the pandemic.
With the help of these aircraft, the time taken to complete the rescue activity has been reduced. The increasing number of accidents across various trekking sites in remote places has driven the need for search and rescue aircrafts to successfully extract people out of dangers.
Search and Rescue Helicopter Industry Segmentation
Search and rescue is the search for and provision of aid to people who are in distress or imminent danger. The general field of search and rescue includes many specialty sub-fields, typically determined by the type of terrain the search is conducted over.
The search and rescue aircraft market is segmented by type, application, and by geography. By type, the market is segmented into fixed-wing and rotary-wing. By application, the market is segmented into offshore rescue and onshore rescue. By geography, The market is segmented into North America, Europe, Asia Pacific, and the rest of the world. For each segment, market sizing and forecast have been done on basis of a value (in USD billion).
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| Fixed Wing | |
| Rotary Wing |
| By Application | |
| Offshore Rescue | |
| Onshore Rescue |
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Search and Rescue Aircraft Market Size Summary
The search and rescue helicopter market is poised for significant growth, driven by the increasing frequency of natural disasters and accidents in remote areas. The demand for rotary-wing aircraft is particularly strong due to their ability to land vertically, making them ideal for rescue operations in challenging terrains. Climate change is expected to exacerbate the occurrence of wildfires and other natural disasters, further fueling the need for search and rescue helicopters. Additionally, the rising congestion on roads is prompting a greater reliance on aerial transport for emergency medical services, especially in developing regions. The COVID-19 pandemic has also spurred investments in healthcare, increasing the demand for air ambulance services that can quickly reach incident locations without the need for paved runways.
Geographically, the Asia Pacific region is anticipated to experience the fastest growth in the search and rescue helicopter market. This is attributed to the region's substantial investments in internal security and emergency services, driven by its large population density. Countries in Asia are actively procuring rescue aircraft to enhance their emergency response capabilities. The market is moderately fragmented, with key players like Bell Textron, Everett Aviation Ltd, and Bristow Group Inc. focusing on expanding their presence through strategic mergers and acquisitions. These companies are leveraging opportunities to strengthen their market position and meet the growing demand for search and rescue helicopters.
Search and Rescue Aircraft Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters 5 Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Fixed Wing
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2.1.2 Rotary Wing
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2.2 By Application
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2.2.1 Offshore Rescue
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2.2.2 Onshore Rescue
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Search and Rescue Aircraft Market Size FAQs
What is the current Search and Rescue Aircraft Market size?
The Search and Rescue Aircraft Market is projected to register a CAGR of 12.5% during the forecast period (2024-2029)
Who are the key players in Search and Rescue Aircraft Market?
babcock international, Bristow Group Inc, Elbit Systems, Bell Textron and PHI Aviation LLC are the major companies operating in the Search and Rescue Aircraft Market.
