Helicopter Market to register a notable CAGR over 2020-2026

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Helicopter Market To Surpass The 57 Billion By
2026 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• Helicopter Market Scenario

• Helicopter market growth is likely to depict a
  surge from military end-use sector on account of
  heavy investments in the defense sector.
  Incorporation of several connectivity
  capabilities, such as C4IR is likely to
  incentivize industry growth. Several innovative
  technologies, such as laser sintering and
  additive manufacturing are being integrated into
  helicopters.
• A research study conducted by Global Market
  Insights, Inc., predicts that helicopter market
  size will surpass the 57 billion mark by 2026.
• A series of investments outlaid by governments
  for defense sector expansion to depict aerial
  ascendancy has propelled helicopter market growth
  in recent times. Of late, helicopters are
  extensively used in tourism, agriculture,
  transportation, cargo, military, construction,
  and offshore activities. The product is easy to
  modify in accordance with the requirement, which
  has significantly translated into massive demand
  for helicopters.

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Regional Analysis of Helicopter Market

• Several countries, including Iraq, Iran, Kuwait,
  Qatar, Saudi Arabia, the UAE, Angola, and Algeria
  are playing a major part in expanding the scope
  of offshore activities. In accordance, offshore
  segment is predicted to register a CAGR of around
  4 over the forecast period.
• Elaborating on the regional perspective, Middle
  East Africa is poised to emerge as a vital
  geographical avenue, given the presence of the
  Organization of the Petroleum Exporting Countries
  (OPEC) countries. These nations are playing a
  major role in satisfying the soaring demand for
  crude oil by expanding their barrel capacity to
  raise per day production. This extensive offshore
  mining involves the need for a widespread
  helicopter network, which will positively impact
  the regional helicopter market outlook. It is
  estimated that MEA helicopter industry will
  register a CAGR of more than 2 over 2020-2026.

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• Application Analysis of Helicopter Market
• Surging offshore activities across the world are
  likely to push the revenue graph of commercial
  end-use sector in helicopter industry. In 2019,
  offshore segment accounted for a 23 share in
  total market revenue, which can be attributed to
  the towering oil gas mining activities. In
  2018, the U.S. oil production recorded 10.96
  million barrels per day, an upsurge of 17 as
  compared to 2017. Offshore activities contributed
  toward a share of 16 in the total amount of oil
  extracted.
• Need for upgrades in aging helicopters to prolong
  their lifespan has intensified recently, which
  has generated profit-making opportunities for
  MROs. Existing models are being updated by
  changing or modifying their engines to bring
  operational improvements. Airframes and
  aerostructures of existing helicopters are
  witnessing an upgrade to withstand various
  environmental effects, including corrosion and
  rust, which will enhance the potential of MRO
  segment in helicopter industry.

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Competitive Market Share of Helicopter Market

• Helicopter Market is a fragmented one with a
  large number of manufacturers present globally.
  Key players contributing towards the industry
  expansion include Airbus Helicopters S.A.S,
  Babcock International Group PLC, Bell
  Helicopters, CHC Helicopters, Columbia
  Helicopters, Ehang, Gulf Helicopters, Hindustan
  Aeronautics Limited (HAL), Joby Aviation, Kaman
  Corporation, Karem Aircraft, Kawasaki Heavy
  Industries Ltd., Kitty Hawk, Korea Aerospace
  Industries Ltd., Leonardo S.p.A, Lilium, Lockheed
  Martin Corporation, Lufttransport, Md
  Helicopters, Inc., Mitsubishi Heavy Industries
  Ltd., Neva Aerospace, Opener, Petroleum
  Helicopters International Inc., Robinson
  Helicopter, Russian Helicopter, JSC, Boeing,
  Universal Helicopters, Vietnam Helicopter
  Corporation, Volocopter, Workhorse Group

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