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Asia-Pacific Helicopters Market Research By Production, Size, Revenue, Impact Factors, SWOT Analysis and Forecast: 2022-2031

The Asia-Pacific helicopters market is anticipated to register a CAGR of over 3% during the forecast period, 2022-2031.

– The demand for helicopters is anticipated to experience substantial growth during the forecast period, primarily due to their broad application base, especially in the civil and commercial sectors. Also, the VTOL capabilities of helicopters with lower space requirements for landing and their usefulness in search and rescue missions are further propelling the demand for helicopters in the Asia-Pacific region.
– The development of newer generation helicopters with increased technological advancements may further support the growth of the market in Asia-Pacific, as several countries look to replace their aging fleets of helicopters.

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Key Market Trends

Increased Demand for Military Helicopters is Expected to Drive the Growth of the Market

Over the years, helicopters have proved to be useful for different military missions involving the transportation of troops, combat, search and rescue, medical evacuation, maritime patrol, and attacks on ground targets, among others. As several countries in the Asia-Pacific region look to replace their aging fleets with technologically advanced helicopters, the military segment is expected to experience significant growth in the coming years. Australia, in mid-2019, issued a request for information (RFI) related to the future procurement of up to 29 attack helicopters to replace the army’s 22 Airbus Helicopter Tigers. In 2019, India received 8 AH-64E Apache helicopters. The total order was for 22 Apache helicopters, and the remaining are expected to be delivered in the coming years. Moreover, China, Malaysia, Australia, and Pakistan are some of the other countries that are planning to expand and replace their fleets of military helicopters during the forecast period.

The Japanese Helicopters Market Experienced Substantial Growth

The helicopters market in Japan experienced significant growth in the past few years, as new orders were placed for newer generation helicopters. Airbus Helicopters received new contracts from three Japanese operators in early 2018. The first contract was signed with Auto Panther for one ACH130, featuring Airbus’ signature ‘Stylence by ACH’ luxury interiors. Auto Panther operates helicopters for corporate VIP transportation in Kagoshima, Japan. The second contract was signed with Noevir Aviation Inc., for an H125 Helicopter, to expand its fleet of charter helicopters. The third contract was signed with Nakanihon Air Service, for an H135 helicopter, to be be used for a variety of missions, spanning helicopter emergency medical services and electronic newsgathering. Recently, in April 2020, Japan Coast Guard placed a follow-on order for two H225 helicopters. This new order brings JCG’s Super Puma fleet to 15, comprising two AS332s and 13 H225s. The new helicopters will be used for territorial coastal activities, security enforcement, and disaster relief missions in Japan. As several operators in Japan look to increase their fleets for transportation of passengers and emergency medical services, the helicopters market in Japan may continue to show significant growth during the forecast period.

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Competitive Landscape

The prominent players in the Asia-Pacific helicopters market are Airbus SE, Leonardo SpA, Rostec, and Textron Inc., among others. The market is dominated by Airbus, as it caters to both military and commercial customers. As several countries in this region are planning to procure new helicopters, the market offers significant opportunities for helicopter OEMs to expand their foothold in the region. OEMs are unveiling new helicopter models with features, like improved interiors or higher load carrying capacity, to attract new customers. Unmanned helicopters are also being developed, which may gain a significant market share over the next decade. Also, with the growing popularity of Air Taxi, the helicopters market in Asia-Pacific is expected to experience steady growth in the coming years.

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