Overview and Scope
Search and rescue helicopters refer to the helicopter having the ability to conduct search and rescue operations, perform lifesaving search and rescue missions, and help with disaster relief efforts in devastated communities and difficult-to-reach areas.
Sizing and Forecast
The search and rescue helicopter market size has grown strongly in recent years. It will grow from $2.25 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing natural disasters, military and defense operations, growing maritime activities, population growth in coastal areas, international humanitarian missions, global terrorism threats..
The search and rescue helicopter market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising global security concerns, focus on humanitarian aid efforts, enhanced training programs for sar crews, focus on long-range and endurance, international cooperation in sar missions.. Major trends in the forecast period include adoption of advanced sensor technologies, multi-mission capabilities, night vision and thermal imaging, lightweight construction materials, integration of artificial intelligence, collaboration with satellite systems..
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Segmentation & Regional Insights
The search and rescue helicopter market covered in this report is segmented –
1) By Type: Light, Medium, Heavy
2) By Component: Aero Structures, Engine, Avionics, Rescue Equipment, Electrical System, Other Components
3) By Technology: Night Vision Devices, Forward-Looking Infrared (FLIR) Cameras, Wireless Communication System, Multifunction Displays, Advanced Direction Finding Capabilities
4) By End-Use: Commercial And Civil, Military
North America was the largest region in the search and rescue helicopter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the search and rescue helicopter market report during the forecast period. The regions covered in the search and rescue helicopter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for advanced search and rescue helicopters by various countries is expected to propel the growth of the search and rescue helicopter market going forward. Search and rescue helicopters are widely used in search and rescue operations, and they cover the entire civilized world, meeting the demand for quick and secure transportation for the military, law enforcement, public safety, and other search and rescue applications. For instance, in July 2022, Bristow Helicopters Ltd., a UK-based civil helicopter operator company, signed a £1.6 billion agreement with the Maritime and Coastguard Agency (MCA), an executive agency of the United Kingdom. The ten-year agreement combines the delivery of 18 helicopters, including existing Leonardo AW189s and Sikorsky S92As, augmented by the introduction of Leonardo AW139 helicopters, and one mobile, deployable Schiebel S-100 drone system. Therefore, the increasing demand for advanced search and rescue helicopters by various countries across the world is driving the growth of the search and rescue helicopter market.
Key Industry Players
Major companies operating in the search and rescue helicopter market are adopting a strategic partnership approach aiming to improve the features and competitive advantages of the AW09 single-engine helicopter’s next generation. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in January 2023, Leonardo S.p.A., an Italy-based company of aerospace and defense, announced a partnership with Safran S.A. regarding the AW09 single-engine helicopter’s propulsion. The 1,000-ship Arriel 2K engine, the newest iteration of the Arriel family, will power the production aircraft. The choice of the new engine ensures the most efficient degree of industrialization, worldwide supply, and customer supportability. The united Leonardo and Safran Helicopter Engines assistance network will provide innovative, simple, and competitive maintenance solutions and operating costs, backed up by personalized service plans and SBH (Support-by-the-Hour) contracts, as well as a wide range of digital services. Safran S.A. is a France-based company that manufactures aircraft parts and equipment.
The search and rescue helicopter market report table of contents includes:
1. Executive Summary
2. Search And Rescue Helicopter Market Characteristics
3. Search And Rescue Helicopter Market Trends And Strategies
4. Search And Rescue Helicopter Market – Macro Economic Scenario
5. Global Search And Rescue Helicopter Market Size and Growth
…
31. Global Search And Rescue Helicopter Market Competitive Benchmarking
32. Global Search And Rescue Helicopter Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Search And Rescue Helicopter Market
34. Search And Rescue Helicopter Market Future Outlook and Potential Analysis
35. Appendix
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