According to the Market Statsville Group (MSG), the global medium-twin helicopter market size is expected to grow from USD 12,452 million in 2022 to USD 23,151.6 million by 2033, growing at a CAGR of 5.8% from 2023 to 2033.
The demand for medium twin helicopters is expected to grow owing to the increasing demand for offshore oil and gas operations. These helicopters are used to transport personnel and equipment to offshore platforms, making them an essential tool in the industry. The need for fast and efficient medical transportation has increased the demand for medium twin helicopters in EMS. These helicopters can quickly transport patients to hospitals, particularly in areas with limited ground access. Medium twin helicopters are also used by military and government agencies worldwide for various missions, including transport, search and rescue, and surveillance. Further, the increasing demand for helicopter-based emergency medical services, expanding infrastructure development in emerging economies, and rising demand for VIP transport services create growth opportunity for the medium twin helicopter market.
A medium twin helicopter is a type of rotorcraft that typically has a seating capacity of 8-15 passengers and is equipped with two engines. These helicopters are characterized by their versatility and are used for various applications, including offshore oil and gas operations, emergency medical services, VIP transport, search and rescue, and military missions. The term "medium twin" refers to the size and configuration of the helicopter. Medium twin helicopters are typically larger than light single-engine helicopters but smaller than heavy twin-engine helicopters. They are equipped with two engines for increased reliability and safety in case of engine failure. Medium twin helicopters have a range of approximately 300-600 nautical miles and can fly at speeds of up to 140 knots. They are designed for both onshore and offshore operations and equipped with hoists, winches, and cargo hooks to support a wide range of mission requirements.
The COVID-19 pandemic has had a significant impact on the medium twin helicopter market, both in terms of supply and demand. On the demand side, the pandemic has led to a decline in demand for helicopter services, particularly in the oil and gas sector. The slowdown in oil and gas operations has reduced demand for helicopter transportation services, which has significantly impacted the medium twin helicopter market. Additionally, travel restrictions and lockdowns in various countries have reduced demand for VIP transport services, another key market segment for medium twin helicopters. On the supply side, the pandemic has disrupted the production and delivery of helicopter components, leading to supply chain disruptions and delays. The closure of manufacturing plants and travel restrictions have also impacted manufacturers' ability to conduct field tests and deliver helicopters to customers
Despite these challenges, there have been some positive developments in the market. Some operators have used medium twin helicopters to transport medical supplies and equipment to remote areas, which has helped mitigate the pandemic's impact on the market. Looking forward, the medium twin helicopter market is expected to recover gradually as the global economy recovers from the pandemic. However, the pace of recovery may vary depending on the specific market segment and geographic region.
The growing demand for offshore oil and gas operations is a significant driver of the medium twin helicopter market. These operations require a wide range of support services, including transporting personnel and equipment to offshore platforms, where medium twin helicopters come in. Helicopters provide a fast, efficient, and safe means of transportation to offshore platforms, often located in remote and challenging environments. Medium twin helicopters are particularly well-suited for these operations as they offer a balance of performance, range, and payload capacity that is well-suited for offshore operations. In recent years, there has been an increase in offshore oil and gas exploration and production activities, particularly in regions such as the Gulf of Mexico, the North Sea, and Southeast Asia. This has led to an increase in demand for medium twin helicopters to support these operations.
Additionally, technological advances, including avionics and engines, have improved the efficiency and safety of medium twin helicopters, making them more attractive to buyers. For example, some helicopters are now equipped with advanced sensors and automation systems that help to reduce the workload on pilots and improve the safety of operations. Looking ahead, the demand for offshore oil and gas operations is expected to continue to drive the medium twin helicopter market.
One of the key restraining factors for the medium twin helicopter market is the high cost of acquisition and operation. These helicopters are typically expensive to purchase and maintain, and the cost of operating them can be prohibitive for some buyers. In addition, the market faces competition from other forms of transportation, including fixed-wing aircraft, ground transportation, and, as previously mentioned, unmanned aerial vehicles (UAVs). These alternative modes of transportation may offer a lower cost and faster delivery of services, which could reduce the demand for medium twin helicopters. Moreover, political instability and regional conflicts can also negatively impact the medium twin helicopter market. These factors can result in the disruption of supply chains, regulatory changes, and the closure of key markets, which can significantly impact the market.
Helicopter-based EMS has become an essential service in many countries due to the ability of helicopters to reach remote and hard-to-reach locations quickly. The use of medium twin helicopters in EMS has become increasingly popular due to their range, payload capacity, and ability to operate in various weather conditions. This trend is expected to continue as the demand for emergency medical services increases globally. In addition to EMS, medium twin helicopters are also used in infrastructure development projects in emerging economies. These projects require many support services, including transporting personnel and equipment to remote sites. Helicopters offer an efficient and flexible means of transportation that is well-suited for these types of projects. Furthermore, emerging economies are investing heavily in infrastructure development, which is expected to drive demand for medium twin helicopters in the coming years. For example, countries such as India and China are investing heavily in the construction of new highways, airports, and other infrastructure projects that will require helicopters for transportation and logistics.
The study categorizes the medium-twin helicopter market based on type, point of sale, and application area at the regional and global levels.
Based on the type, the market is divided into civil and commercial operators, and government & military. The government & military segment is expected to dominate the market share in 2022 in the global medium-twin helicopter market. Governments worldwide use medium twin helicopters for various applications, including transport, search and rescue, surveillance, and law enforcement. In the military sector, medium twin helicopters are used for various missions, including troop transport, medical evacuation, and combat search and rescue. They are also used for logistics support, providing a rapid means of transporting personnel and supplies to and from the battlefield. Governments also use medium twin helicopters for civilian applications, including emergency response, law enforcement, and border patrol. These helicopters provide a fast and efficient means of transportation, essential in emergencies. Moreover, governments around the world are increasing their investment in defence and security, which is expected to drive demand for medium twin helicopters in the coming years.
Based on the regions, the global medium-twin helicopter market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The region also has a strong military presence, and medium twin helicopters are extensively used for military operations. The United States is the region's largest market for medium twin helicopters, driven by the presence of major helicopter manufacturers and operators. For instance, as per the National Business Aviation Association (NBAA), the United States is the largest market for business aviation, including helicopter charter services. The association reported that the number of helicopter operators in the country increased by 5% between 2019 and 2020. Moreover, the region has a highly developed aviation infrastructure, with several airports and helipads in major cities. This makes it easier for helicopter operators to provide services and expand their operations. Additionally, the region has a highly developed economy with a high standard of living and disposable income. This has increased demand for luxury helicopters for personal use and charter services.
The medium-twin helicopter market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
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