Global Helicopter Market Insights, Business Analysis and Key Companies in Industry Till 2027

According to the company's Global Business Aviation Outlook, between 2020 and 2029, worldwide business jet shipments could reach 7,600 at an estimated value of USD 248 billion, signaling good news for the market.

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The global helicopter market size is expected to reach USD 68.34 billion by 2027, exhibiting a CAGR of 6.96% during the forecast period.

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The report helicopter market complex:

Latest Industry Trends
Frequent strategies implemented by competitors
Global records and market figures
Leading region in terms of revenue and share
Rising Demand for Advanced Military Helicopters to Foster Market Growth

The surge in transnational disputes among numerous countries has led the reinforcement of security systems, monitoring methods, and combat techniques in the military division, which, in turn, will spur opportunities for the market.The growing border disputes and terrorist activities have subsequently increased the defense budget, leading to modernization and deployment of military helicopters and fighter jets, thus boosting the market growth.The escalation in the defense budget is likely to enable speedy expansion of the market.As stated by the Stockholm International Peace Research Institute (SIPRI), the global military expenditure has increased by 3.6% in 2019 as compared to 2018.The growing emphasis on modernization programs by numerous countries is predicted to have a tremendous impact on the market during the forecast period.

Key Development:

June 2020: Lockheed Martin Corporation signed a contract with the Indian Navy worth USD 375 million.The contract will include the customization of the hardware and software in 24 Sikorsky MH-60R anti-submarine warfare helicopters.