Civil Helicopter MRO Market Size: Anticipating Growth Prospects from 2023-2028

Rationalstat LLC

According to the latest market study by RationalStat the Global Civil Helicopter MRO Market was valued at US$ 4.8 billion in 2022 and is forecasted to reach a market size of US$ 6.72 billion by 2028 at a CAGR of 5.8% over the forecast period of 2023-2028.

Wilmington, Delaware, Sept. 06, 2023 (GLOBE NEWSWIRE) — Helicopters are frequently employed in a variety of industries, including EMS, search and rescue, law enforcement, offshore oil and gas, tourism, and corporate transportation. As the use of helicopters in various industries grows, so does the demand for maintenance and repair services to ensure the aircraft’s safety and airworthiness.

Market Definition, Market Scope, and Report Overview

MRO (Maintenance, Repair, and Overhaul) on civil (non-military) helicopters refers to a set of services and activities undertaken to guarantee their safety, airworthiness, and operational reliability. These services are critical for keeping helicopters in good condition, increasing their operating life, and meeting regulatory requirements. Civil Helicopter MRO encompasses a variety of maintenance and repair procedures that are performed on a regular or as-needed basis during a helicopter’s lifecycle.

  • According to a deep-dive market assessment by RationalStat, the Global Civil Helicopter MRO Market has been analyzed on the basis of market segments, including on type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.

  • Market intelligence for the global civil helicopter MRO market covers market sizes on the basis of market value (US$/EUR Million) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global civil helicopter MRO market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Civil Helicopter MRO Market: Segmental and Market Share Analysis

  • On the basis of type, the airframe heavy maintenance category dominated the market because of activities required to keep an aircraft airworthy.

  • On the basis of application, in 2022, the commercial segment held a 55% share of the market. The development is said to be the outcome of the country’s highest concentration of commercial helicopters.

Report Synopsis

Report Metrics

Details

Base Year

2022

Forecast Period

2023-2028

Base Year Market Size

US$ 4.8 billion

Market Size Forecast

US$ 6.72 billion

Growth Rate

5.8%

Key Market Drivers

  • Increased Usage of Helicopter

  • Advancements in Helicopter Technology

  • Increasing Demand for Offshore Operations

Companies Profiled

  • Transwest Helicopters

  • Mid-Canada Mod Center

  • Russian Helicopter

  • Robinson Helicopter

  • RUAG Aviation

  • Honeywell Aerospace

  • Pratt & Whitney

  • MTU Maintenance,

  • Sikorsky Aircraft

  • Bell Helicopter

  • Leonardo S.p.A.

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global civil helicopter MRO market include,

Some of the prominent players and suppliers operating and contributing significantly to the global civil helicopter MRO market growth include Transwest Helicopters, Mid-Canada Mod Center, Russian Helicopter, Robinson Helicopter, RUAG Aviation, Honeywell Aerospace, Pratt & Whitney, MTU Maintenance, Sikorsky Aircraft, Bell Helicopter, and Leonardo S.p.A., among others.

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RationalStat has segmented the global civil helicopter MRO market based on type, application and region

  • Global Civil Helicopter MRO Market Value (US$ Million), and Market Share (2019-2028) Analysis by Type

  • Global Civil Helicopter MRO Market Value (US$ Million), and Market Share (2019-2028) Analysis by Application

  • Global Civil Helicopter MRO Market Value (US$ Million), and Market Share (2019-2028) Analysis by Region

    • North America Civil Helicopter MRO Market

    • Latin America Civil Helicopter MRO Market

      • Brazil

      • Mexico

      • Rest of Latin America

    • Western Europe Civil Helicopter MRO Market

      • Germany

      • UK

      • France

      • Spain

      • Italy

      • Benelux

      • Nordic

      • Rest of Western Europe

    • Eastern Europe Civil Helicopter MRO Market

      • Russia

      • Poland

      • Hungary

      • Other CIS Countries

      • Rest of Eastern Europe

    • Asia Pacific Civil Helicopter MRO Market

      • China

      • Japan

      • India

      • South Korea

      • Australia

      • ASEAN

        • Indonesia

        • Thailand

        • Philippines

        • Vietnam

        • Malaysia

        • Rest of ASEAN

      • Rest of Asia Pacific

    • Middle East & Africa Civil Helicopter MRO Market

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Key Questions Answered in the Civil Helicopter MRO Report:

  • What will be the market value of the global civil helicopter MRO market by 2028?

  • What is the market size of the global civil helicopter MRO market?

  • What are the market drivers of the global civil helicopter MRO market?

  • What are the key trends in the global civil helicopter MRO market?

  • Which is the leading region in the global civil helicopter MRO market?

  • What are the major companies operating in the global civil helicopter MRO market?

  • What are the market shares by key segments in the global civil helicopter MRO market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.

  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.

  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.

  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.

  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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