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The global helicopter market size is expected to reach USD 68.34 billion by 2027, exhibiting a CAGR of 6.96% during the forecast period.
The surge in transnational disputes among numerous countries has led the reinforcement of security systems, monitoring methods, and combat techniques in the military division, which, in turn, will spur opportunities for the market.
The report helicopter market encompasses:
- Latest Industry Trends
- Frequent strategies implemented by competitors
- Global records and market figures
- Leading region in terms of revenue and share
The market size in North America stood at USD 14.41 billion in 2019 and is expected to witness a high growth rate in the forthcoming years. The growth of the region is attributed to the presence of major players in the market. The surge in the defense budget by the U.S. government for the modernization of military helicopters will contribute positively to the growth of the market.
Key Development:
June 2020: Lockheed Martin Corporation signed a contract with the Indian Navy worth USD 375 million. The contract will include the customization of the hardware and software in 24 Sikorsky MH-60R anti-submarine warfare helicopters.
Key Players:
- Airbus SAS (Leiden, the Netherlands)
- Bell Helicopter Textron (Texas, the U.S.)
- The Boeing Company (Illinois, United States)
- Leonardo Spa (Rome, Italy)
- Lockheed Martin Corporation (Maryland, United States)
- Russian Helicopters, LSC (Moscow, Russia)
- Kawasaki Heavy Industries (Tokyo, Japan)
- MD Helicopters, Inc. (Arizona, United States)
- Korean Aerospace Industries, Ltd. (Sachsen, South Korea)
- Hindustan Aeronautics Limited (Bangalore, India)
- Robinson Helicopter Company (California, United States)
- Other Players
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The Helicopter Wheels Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Helicopter Wheels Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/helicopter-wheels-market/download-sampleMarket DynamicsThe growing number of air passenger across the globe is primarily driving the market growth.
Increasing demand for military helicopters is again accelerating market growth.
However, the high cost associated with new technology and stringent regulatory norms for helicopter manufacturing and development is the challenge to market growth.
Whereas, rising demand for new helicopters in emerging economies, especially for commercial helicopters in energy, law enforcement, and paramilitary applications is anticipated to augment demand over the forecast period.
