[205+ Pages Report] We at Facts & Factors have recently published a report titled “Global Helicopter Blades Market” that encompasses the spectacle of the market in an analytical and comprehensive manner. In this study, the market is estimated that the global helicopter blades market will reach USD 1,932.68 Million by 2026 from an initial value of USD 1,354.78 Million in the year 2020 with growth at a CAGR value of 4.9%.
Global Helicopter Blades Market: Overview
Helicopter blades or helicopter rotors as they are more commonly referred to as are a combination of rotary wings and control systems that aid in assisting the lateral and horizontal movement of a helicopter. They allow a helicopter for performing a diverse range of emotions that include vertical take-offs and land in unconventional spots where common aircraft do not have the capacity to land on. Additionally, the most complex helicopter blades can help a helicopter hover at a single spot for a long time which makes them highly sought out as a useful maneuver.
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Global Helicopter Blades Market: Growth Factors
The factors driving the growth of the rising helicopter blades market can be credited to a growing population requiring shorter air travel routes, rising potential consumers, and regional powers in need of defense. Additionally, rising research and development activities coupled with rising needs for reducing carbon emission with the integration of lightweight blades are expected to increase the footprint of the global helicopter blades market during the forecast period. Moreover, the rising tourism sector coupled with increasing emergency medical services is expected to fuel the growth of the global helicopter blades market during the advent of the forecast duration.
The global helicopter blades market is expected to be driven by the rising capabilities of the current generation of helicopter blades in terms of payload carrying capacity coupled with rising comfort and connectivity measures to name a few. Rising defense budgets of emerging economies coupled with rising demand for the increasing ability of helicopters for performing a wider range of operations are expected to push the boundaries of the global helicopter blades market to new boundaries. However, strict regulatory standards pertaining to testing before launching new products coupled with a higher cost of maintenance are expected to decrease the market value for the global helicopter blades market during the advent of the forecast period.
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Global Helicopter Blades Market: Segmentation
The global helicopter blades market is into the material, blade location, application, distribution channel, and region.
Based on material, the global helicopter blades market is bifurcated into carbon fiber reinforced plastic (CFRP) and glass fiber reinforced plastic (GFRP). The segment pertaining to carbon fiber reinforced plastic (CFRP) is expected to witness the largest market share during the advent of the forecast owing to superior strength profile when compared to its counterparts coupled with higher specific modulus and lightweight in nature to name a few. The global helicopter blades market is divided into main rotor blades and tail rotor blades on the basis of blade location. The main rotor blade category is expected to witness the largest market share during the advent of the forecast owing to the rising activities pertaining to R&D for developing new technologies coupled with increasing mergers and acquisitions among participants for combining rigid and coaxial rotors to name a few. The global helicopter blades market is categorized into military and civil on the basis of application. The military segment is expected to occupy the largest market share during the advent of the forecast owing to the rising requirements for high-speed combats and stealth missions coupled with rising military defense budgets among emerging economies to counter-terrorism & inter-continent-based conflicts to name a few. Based on distribution channels, the global helicopter blades market is fragmented into OEM and aftermarket. The segment pertaining to OEM is expected to witness the largest market share during the advent of the forecast owing to a general rise of helicopters on a local and global scale coupled with the integration of lightweight materials in blade production leading to increased payload capacities.
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Global Helicopter Blades Market: Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast owing to the rising presence of key market participants in the region coupled with the rising number of manufacturers in the region to name a few. Additionally, the region is home to the United States of America, a country known to hold the largest military budget in the world coupled with the increasing regional expansion mindset of the upcoming participants is expected to increase the footprint of the helicopter blades market during the advent of the forecast period. Asia-Pacific is expected to witness a significant market growth during the advent of the forecast owing to rising helicopter usage for emergency rescue operations coupled with the rising sector for EMS in the region to name a few. Moreover, factors contributing to the heavy market presence of the region also help in proliferating tourism and increasing penetration of the international players in the region to name a few.
Global Helicopter Blades Market: Competitive Players
The key market participants for the global helicopter blades market are Van Horn Aviation LLC, Carson Helicopters LLC, Kaman Corporation, Erickson, Airbus SE, The Boeing Company, Lockheed Martin Corporation, Bell Helicopter, Sikorsky Aircraft Corporation, Robinson Helicopter Company, AgustaWestland S.p.A., and Hindustan Aeronautics Limited, among others.
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