Pre-order Enquiry
Request Free Sample
Global Helicopter Blades Market - Segmented by Application (Commercial, Military) and Geography - Growth, Trends and Forecast (2022 - 2030)
SKU ID : INH-13104711 | Publishing Date : 01-Sep-2018 | No. of pages : 106
The demand for helicopters in both commercial and military sectors has been increasing gradually. Commercial helicopters are now being used in different areas, like tourism, medical and emergency rescue services, transportation, law enforcement and offshore helicopter services. In the military segment, contracts comprising of high amounts are being awarded for the military helicopter manufacturers. Geographically, in the primary market for military helicopters, the US, military helicopter procurements are being done aggressively. This increase in demand for helicopters can increase the production of new helicopter blades by the OEMs. Also, the aftermarket services for the helicopter blades can drive the market for the helicopter blades during the forecast period.
3D Printing Technology Driving the Helicopter Blade Market:
The rise in usage of helicopters is anticipated to increase the aftermarket activity, which will also drive the market for helicopter blades in the years to come. Advancements in technology and materials are also expected to drive the market during the forecast period. The use of 3D printed parts has been increasing over the years. 3D printing is mainly used for accelerating product development and customization of existing products. 3D printing is extensively used in the field of Aerospace since its origin as a rapid prototyping tool. Now-a-days, the process is not only used for product design but also for producing end parts and for maintenance operations. The tooling costs are reduced to a large extent by using 3D printing. In 2015, Automated Dynamics utilized Stratasys FDM-based (Fused Deposition Modeling) 3D printing to manufacture helicopter blade prototypes. The company said that this process will reduce tooling costs by 60-70%. The work on 3D printed components is now in its initial stage and is soon expected to find its way in many applications. This rise in 3D printing processes is expected to create demand for 3D printed helicopter blades in the near future.
Growing Demand from the Military Sector:
In helicopter blade market segmented by application, military helicopter blades segment hold the maximum revenue share, followed by commercial helicopter blades, due to the wide usage of the helicopters in military applications by virtue of their vertical takeoff and landing capabilities. Military segment of helicopter blade market is also expected to continue their dominance in the market during the forecast period. There was a gradual increase in the military spending by various countries of the world. The growth in military expenditure will in turn help the revenue generation for the helicopter blade manufacturers as new helicopter blades will be manufactured alongside the helicopters, which will be driving the market for military helicopter blades in the years to come.
Growing Demand from the United States:
Globally, North America holds the highest market share in the helicopter blade market with US being the major market for the helicopter blades in 2017. The demand from US is likely to continue owing to the fact that US is currently having the largest helicopters fleet in the world, with around 5,758 military helicopters in US alone, as of December 2017. The aftermarket and maintenance services, along with the need to replace damaged blades for these helicopters, will drive the market for the helicopter blades during the forecast period. The huge budgets of US towards military are enabling the procurement of new helicopters by the US military. US Army is constantly procuring new and advanced helicopters from various OEMs. The MRO services for the blades for the existing helicopter fleet is expected to generate revenue for the market.
Major Players:
Kaman Corporation, Ducommun Incorporated, The Boeing Company, Carson Helicopters, Inc., and Hindustan Aeronautics Ltd, among others.
Recent Developments:
May 2017: Sikorsky Aircraft Corp. has received a USD 37.6 million contract from the US Department of Defense for the refurbishment and overhaul of 381 UH-60 tail rotor blades. The entire work is expected to be completed by the end of March 2019.
Mar 2015: Kaman Corporation announced that its Aerosystems division (Kaman) has been awarded an extension to its current contract with Bell Helicopter for military rotor blade components for the Bell UH-1Y and AH-1Z helicopters. This five-year follow-on contract IS expected to be valued at more than USD 25 million.
Reasons to Purchase this Report:
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
Detailed analysis of the segment that is expected to register the highest growth rate
Study of the region and country that are expected to dominate the market
Identifying the latest developments, market shares and strategies employed by the major market players
3-months analyst support, along with the Market Estimate Sheet (in Excel)
Customization of the Report:
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
3D Printing Technology Driving the Helicopter Blade Market:
The rise in usage of helicopters is anticipated to increase the aftermarket activity, which will also drive the market for helicopter blades in the years to come. Advancements in technology and materials are also expected to drive the market during the forecast period. The use of 3D printed parts has been increasing over the years. 3D printing is mainly used for accelerating product development and customization of existing products. 3D printing is extensively used in the field of Aerospace since its origin as a rapid prototyping tool. Now-a-days, the process is not only used for product design but also for producing end parts and for maintenance operations. The tooling costs are reduced to a large extent by using 3D printing. In 2015, Automated Dynamics utilized Stratasys FDM-based (Fused Deposition Modeling) 3D printing to manufacture helicopter blade prototypes. The company said that this process will reduce tooling costs by 60-70%. The work on 3D printed components is now in its initial stage and is soon expected to find its way in many applications. This rise in 3D printing processes is expected to create demand for 3D printed helicopter blades in the near future.
Growing Demand from the Military Sector:
In helicopter blade market segmented by application, military helicopter blades segment hold the maximum revenue share, followed by commercial helicopter blades, due to the wide usage of the helicopters in military applications by virtue of their vertical takeoff and landing capabilities. Military segment of helicopter blade market is also expected to continue their dominance in the market during the forecast period. There was a gradual increase in the military spending by various countries of the world. The growth in military expenditure will in turn help the revenue generation for the helicopter blade manufacturers as new helicopter blades will be manufactured alongside the helicopters, which will be driving the market for military helicopter blades in the years to come.
Growing Demand from the United States:
Globally, North America holds the highest market share in the helicopter blade market with US being the major market for the helicopter blades in 2017. The demand from US is likely to continue owing to the fact that US is currently having the largest helicopters fleet in the world, with around 5,758 military helicopters in US alone, as of December 2017. The aftermarket and maintenance services, along with the need to replace damaged blades for these helicopters, will drive the market for the helicopter blades during the forecast period. The huge budgets of US towards military are enabling the procurement of new helicopters by the US military. US Army is constantly procuring new and advanced helicopters from various OEMs. The MRO services for the blades for the existing helicopter fleet is expected to generate revenue for the market.
Major Players:
Kaman Corporation, Ducommun Incorporated, The Boeing Company, Carson Helicopters, Inc., and Hindustan Aeronautics Ltd, among others.
Recent Developments:
May 2017: Sikorsky Aircraft Corp. has received a USD 37.6 million contract from the US Department of Defense for the refurbishment and overhaul of 381 UH-60 tail rotor blades. The entire work is expected to be completed by the end of March 2019.
Mar 2015: Kaman Corporation announced that its Aerosystems division (Kaman) has been awarded an extension to its current contract with Bell Helicopter for military rotor blade components for the Bell UH-1Y and AH-1Z helicopters. This five-year follow-on contract IS expected to be valued at more than USD 25 million.
Reasons to Purchase this Report:
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
Detailed analysis of the segment that is expected to register the highest growth rate
Study of the region and country that are expected to dominate the market
Identifying the latest developments, market shares and strategies employed by the major market players
3-months analyst support, along with the Market Estimate Sheet (in Excel)
Customization of the Report:
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Request Sample
Request Discount
