North America Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Weight, and Application

North America Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Weight, and Application

  • July 2021 •
  • 136 pages •
  • Report ID: 6134736 •
  • Format: PDF
The North America helicopters market is expected to grow from US$ 12,982.93 million in 2021 to US$ 18,711.54 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Increasing military expenditure on advanced and lightweight helicopters is expected to surge the market growth. The swift change in modern-day warfare has been urging the governments to allocate higher amounts toward respective military forces. The budget allocated to military helps the military forces to engage themselves in the development of robust indigenous technologies and procurement of advanced weapons, armaments, vehicles, and other equipment from international manufacturers. There is a rise in modernization of soldiers and military vehicles among most of the military forces in order to keep the personnel and vehicles mission ready. With an objective to modernize soldiers and vehicles, the defense ministries are investing substantial amounts in newer technologies, including advanced helicopters. This factor is boosting the growth of the North America helicopter market. Government of North American countries are looking to acquire new and advanced helicopters as a part of their upgrade and renewal process. For instance, in 2020, the Indian and US governments entered into a helicopter deal worth US$ 3 billion. The two agreements cover a purchase of six AH-64E Apaches for the Indian Army and 24 Lockheed Martin-Sikorsky MH-60R Romeo multimission naval helicopters for the Indian Navy. So, growing military expenditure expected to drive market growth.
In case of COVID-19, North America is highly affected specially the US, with thousands of infected individuals facing severe health conditions across the country.The US is the highest military spender across the globe and has a substantial number of defense contractors across its borders.

On the contrary, the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders.During Q2 and Q3 of 2020, the majority of the manufacturing plants were either temporarily shut or operating with minimum staff.

Moreover, the supply chain of equipment and related components are disrupted.In addition, the demand for defense equipment has been showcasing a slowdown since the outbreak of the virus in the country.

The US is the hub of prominent helicopter manufacturers; however, the emergence of the pandemic has resulted in supply chain issues, leading to disruption in helicopter production.
The single rotor segment led the North America helicopters market based on type in 2020.A single rotor helicopter is the most common type of helicopter.

These helicopters need an anti-torque device to counteract the twisting momentum produced by the main rotor, which is powered by one or more engines (tail rotor or other anti-torque system).A portion of the power generated by the powerplant(s) is used to counteract torque in a single rotor helicopter.

The most popular anti-torque device is a tail rotor, which is designed to compensate for the torque produced by the main rotor.In single rotor helicopters, lift-off is achieved by spinning the main rotor.

This rotation causes torque to be generated around the main helicopter, causing the main fuselage to rotate in the opposite direction. The torque (rotational force) exerted on the helicopter fuselage in the direction opposite the rotor blades is one of the issues with any single set of rotor blades. The fuselage rotates in the opposite direction of the rotor blades due to this torque. The antitorque rotor, also known as the tail rotor, counteracts the main rotor torque and controls the fuselage rotation in single-rotor helicopters. Advantage of single rotor helicopter such as greater efficiency, can carry heavy payloads, best for high endurance etc. are expected to increase its demand, thereby driving the North America helicopters market.
The overall North America helicopters market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America helicopters market.

The process also serves the purpose of obtaining overview and forecast for the North America helicopters market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America helicopters market. Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; Robinson Helicopter Company; and Russian Helicopters are among a few players operating in the North America helicopters market.
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