The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Helicopter Engines Global Market Report 2023, the helicopter engines market is expected to show significant growth in the forecast period.

Key insights from the helicopter engines market forecast include:

1. Market Size

The global helicopter engines market is expected to grow from $21.52 billion in 2022 to $22.48 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The helicopter engines market is expected to reach $25.75 billion in 2027 at a CAGR of 3.4%.

2. Major Driver

The increasing usage of helicopters is expected to drive the growth of the helicopter engines market going forward. Helicopters are a type of aircraft that is used to fly to and from private residences with a limited number of passengers. Helicopters can be used for many applications, such as emergency medical services, corporate services, search and rescue operations, and many others. For instance, in January 2023, according to a report shared by Airbus, a France-based aerospace company, with a record-breaking 216 light single-engine helicopters supplied in 2022, Airbus Helicopters reported 374 gross orders (net: 362), demonstrating the continuous market recovery. Therefore, the increasing usage of helicopters will contribute to the growth of the helicopter engines market.

View More On The Helicopter Engines Market Report 2023 – https://www.thebusinessresearchcompany.com/report/helicopter-engines-global-market-report

3. Key Trend

Strategic collaborations have emerged as a key trend gaining popularity in the helicopter engines market. Companies operating in the helicopter engines market are entering into strategic partnerships and collaborations to enhance their capabilities and competitiveness. For instance, in January 2023, Leonardo S.p.A., an Italy-based aerospace company, partnered with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, for the production of the next-generation AW09 single-engine helicopter. The combined Leonardo and Safran Helicopter Engines support network will offer cutting-edge, straightforward, and cost-effective maintenance solutions, supported by customized PBH (Power-By-The-Hour) and SBH (Support-By-the-Hour) contracts and a wide range of digital services. Furthermore, in July 2022, Hindustan Aeronautics Limited (HAL), an India-based public sector aerospace and defense company, collaborated with Safran Helicopter Engines, a France-based manufacturer of helicopter engines, to jointly develop the engine for the 13-ton IMRH (Indian Multi-Role Helicopter) and its DBMRH (Deck Based Multi-Role Helicopter) navy versions. In order to further increase the amount of domestic content in the Shakti engine of the Dhruv and Light Combat Helicopter (LCH) programs, both parties additionally agreed to a requirement for transferring to HAL the manufacturing rights for seven essential forging and casting raw parts.

4. Major Players

Major players in the helicopter engines market are Aviation Industry Corporation of China, Raytheon Technologies Corp., Airbus Helicopters SAS, Honeywell Aerospace, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, Safran S.A., Rolls-Royce PLC, Kawasaki Heavy Industries Ltd., IHI Corporation, GE Aerospace, TransDigm Group, StandardAero, Hindustan Aeronautics Limited, Woodward Inc., Pratt & Whitney Canada, Hamilton Sundstrand, MTU Aero Engines, Triumph Group Inc., ITP Aero, Aircraft Specialties Services Inc., ULPower Aero Engines, Rotax Aircraft Engines, Lycoming Engines, United Engine Corporation, Rotor X Aircraft Manufacturing Co., JSCKlimov, Tulsa Propulsion Engines, The Omsk Engine Design Bereau, and Sunrise Helicopter Inc.

5. Top Market Segments

The global helicopter engines market is segmented –

1) By Type: Piston Engine, Gas Turbine Engine, Stamping Engine

2) By Weight: Light, Medium, Heavy

3) By Point Of Sale: New, Pre-Owned

4) By Application: Emergency Medical Services, Corporate Services, Search And Rescue Operations, Oil And Gas, Defense, Homeland Security, Other Applications

Request A Sample Of The Global Helicopter Engines Market Report 2023:

https://www.thebusinessresearchcompany.com/sample_request?id=12090&type=smp

The Helicopter Engines Global Market Report 2023  provides an in-depth analysis on the helicopter engines market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the helicopter engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Commercial Aircraft Global Market Report 2023

Military Helicopters Global Market Report 2023

Commercial Helicopters Global Market Report 2023

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