DUBLIN--(BUSINESS WIRE)--The "Search and Rescue Helicopter Market Size, Share & Trends Analysis Report by End-use (Commercial & Civil, Military), by Type (Light, Heavy), by Component (Engine, Rescue Equipment), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global search and rescue helicopter market size is anticipated to reach USD 2.84 billion by 2030, with an estimated CAGR of 4.1% from 2022 to 2030.
A rise in search & rescue operations around the world and increasing deliveries of helicopters are driving the growth of the industry. For instance, in March 2022, China's Ministry of Transport signed a contract with Leonardo S.p.A for six AW189 search & rescue helicopters. The company aims to complete the deliveries of the same by 2023.
The rising evacuation missions, surveillance tasks, rescue operations, and other operations, conducted by commercial & civil entities and militaries have augmented the demand for search & rescue helicopters.
Commercial entities, such as oil refineries, create product demand as they operate their own search & rescue helicopter fleets. For instance, in September 2022, Equinor, a petroleum refining company, awarded Bristow Group Inc. the contract to provide SAR services over four years. As per the contract, Bristow Group will provide SAR services with three SAR-ready advanced S-92 helicopters.
The Asia Pacific region is expected to grow at the fastest CAGR from 2022 to 2030 due to the rising commercial & civil and military applications for search & rescue helicopters. For instance, in June 2022, the Indian Coast Guard ordered a squadron of Hindustan Aeronautics Ltd.'s MK III for SAR and surveillance purposes along the coastlines.
Moreover, countries in the region are formulating favorable policies to encourage FDI in their country. For instance, China's favorable FDI policies for manufacturers enabled many prominent companies, including Airbus S.A.S. and Sikorsky, to establish manufacturing and assembly facilities in China.
For instance, in April 2019, Airbus Helicopters opened its H135 final assembly line in Qingdao, China. The Airbus factory is the first foreign manufacturer-operated helicopter Final Assembly Line (FAL) in China and the first H135 FAL situated outside Europe, which is anticipated to fuel the regional market growth.
Search And Rescue Helicopter Market Report Highlights
- The rescue equipment component segment is predicted to register the fastest CAGR during the forecast period
- This is due to the increase in search & rescue operations, which require efficient and robust rescue equipment for safe and successful operations
- The North America region accounted for the largest revenue share in 2021 owing to an increase in search & rescue operations offshore and the replacement of old fleets
- The commercial & civil end-use segment led the global industry in 2021 on account of multiple product applications in this segment, such as air ambulances, evacuation missions, aid & rescue missions, and more
Competitive Landscape
- Airbus SAS
- Bell Textron Inc.
- Enstrom Helicopter Corp.
- Hindustan Aeronautics Limited
- Korea Aerospace Industries, Ltd.
- Leonardo S.P.A
- Lockheed Martin Corporation
- MD Helicopters, Inc.
- Robinson Helicopter Company
- Russian Helicopters JSC
Market Dynamics
Market driver analysis
- Rise in search and rescue operations for civilians and security purposes
- Integration of advanced technology for search and rescue operations
- Increasing demand for helicopters
Market restraint/challenges analysis
- High cost of operation and maintenance
- Stringent regulatory obligations
Penetration and Growth Prospect Mapping
Key Company Analysis, 2021
Porter's Five Forces Analysis
PEST Analysis
Helicopter Deliveries (2017 - 2030)
Market Segments
Component & System Estimates and Trend Analysis
- Aero Structures
- Engine
- Avionics
- Rescue Equipment's
- Electrical System
Type Estimates and Trend Analysis
- Light
- Medium
- Heavy
End-use Estimates and Trend Analysis
- Commercial & Civil
- Military
For more information about this report visit https://www.researchandmarkets.com/r/khmixk
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