Helicopter Engines Market Growth Outlook Through 2024-2033

Overview and Scope
Helicopter engines refer to the component of the propulsion system for a helicopter that generates mechanical power. These are used as auxiliaries to temporarily increase power during take-off or the landing of helicopter.

Sizing and Forecast
The helicopter engines market size has grown steadily in recent years. It will grow from $22.48 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to commercial aviation growth, increased search and rescue operations, increased use in law enforcement, border patrol and homeland security needs, increased offshore operations.

The helicopter engines market size is expected to see steady growth in the next few years. It will grow to $26.89 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to urban air mobility (uam) initiatives, renewal of aging helicopter fleets, growing demand for unmanned helicopters, focus on fuel efficiency and environmental sustainability. Major trends in the forecast period include advanced engine technologies, integration of digital technologies, hybrid and electric propulsion, retrofitting and engine upgrades, global expansion in civil aviation.

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Segmentation & Regional Insights
The helicopter engines market covered in this report 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

North America was the largest region in the helicopter engines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the helicopter engines 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 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.

Key Industry Players

Major companies operating in the helicopter engines market report 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, Sunrise Helicopter Inc.

The helicopter engines market report table of contents includes:

1. Executive Summary
2. Helicopter Engines Market Characteristics
3. Helicopter Engines Market Trends And Strategies
4. Helicopter Engines Market – Macro Economic Scenario
5. Global Helicopter Engines Market Size and Growth
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31. Helicopter Engines Market Other Major And Innovative Companies
32. Global Helicopter Engines Market Competitive Benchmarking
33. Global Helicopter Engines Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Helicopter Engines Market
35. Helicopter Engines Market Future Outlook and Potential Analysis
36.Appendix

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