The global helicopter market was valued at USD 67.46 billion in 2023 and is projected to grow to USD 97.13 billion by 2032, rising from USD 74.52 billion in 2024, at a CAGR of 3.4% during the forecast period. In 2023, North America dominated the market with a substantial 55.34% share, driven by consistent procurement and fleet modernization efforts. Notably, the U.S. helicopter market is expected to reach a valuation of USD 45.26 billion by 2032, reflecting strong growth across both military and civil segments.
The global market is expanding steadily, supported by growing demand for helicopters in military, civil, and commercial applications. Key drivers include increasing investments in defense modernization programs, the expansion of emergency medical services (EMS), and rising use of helicopters in transport, tourism, and offshore operations. Furthermore, technological advancements—such as improved fuel efficiency, advanced avionics systems, and the development of electric and hybrid helicopters—are contributing to the market’s evolution. With continued demand from regions like North America, supported by recurring orders and upgrades, the helicopter market is expected to maintain a positive growth trajectory through 2032.
https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685
The global helicopter market is segmented based on type, number of engines, maximum take-off weight (MTOW), application, point of sale, and geography. By type, the market is categorized into civil & commercial and military helicopters. Based on the number of engines, it is divided into single-engine and twin-engine helicopters. In terms of MTOW, the market is segmented into less than 3,000 kg, 3,000 kg to 9,000 kg, and greater than 9,000 kg. By application, the segments include emergency medical service, corporate service, search and rescue operations, oil & gas, defense, homeland security, and others. Based on the point of sale, the market is classified into new and pre-owned helicopters. Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa—each region further segmented by type, number of engines, MTOW, application, point of sale, and key countries such as the U.S., Canada, U.K., Germany, France, China, India, Brazil, and the U.A.E.
Light to Lead Due to Demand for Civil and Commercial Helicopters