Global Helicopter Blades Market Report and Forecast 2024-2032

Global Helicopter Blades Market Outlook

The global helicopter blades market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4%.

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Increasing Spending on Military by Various Governments Augmenting the Market Growth for Helicopter Blades

According to Stockholm International Peace Research Institute (SIPRI), world military spending rose to nearly USD 2 trillion in 2020. Although the gross domestic product of almost all countries shrank owing to the coronavirus pandemic, military expenditure witnessed a healthy increase. For instance, the military spending by the government of the United States and China surged considerably. This is increasing research and development (R&D) activities for the development of superior helicopter blades. Hence, the surge in the military budget by various governments is positively impacting the market growth.

As the ownership of helicopters is associated with strengthening the defence force of a country, their demand is increasingly growing, which is also propelling the market growth for helicopter blades. Moreover, strict regulations regarding mandatory testing and the quality of helicopter blades before use for commercial and military purposes are further augmenting the industry growth. In addition, the robust growth of the tourism sector is escalating the demand for helicopters to be used for air mobility. This is providing further impetus to the market growth.

Helicopter Blades: Market Segmentation

Helicopter blades are rotor blades that generate aerodynamics to lift the weight of a helicopter. The blade is generally controlled by a swashplate, which is then connected to the helicopter flight controls. Helicopter blades pull against the torque of the main rotor to hold the helicopter straight.

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The major material types of helicopter blades are:

• Carbon Composites
• Hybrid Composites
• Fibre-Reinforced Resin (Fibreglass)

Based on blade location type, the market is divided into:

• Main Rotor
• Tail Rotor

The market can be broadly categorised on the basis of its distribution channels into:

• OEM
• Aftermarket

On the basis of applications, the market is segmented into:

• Military
• Civil
• Others

The EMR report looks into the regional markets of helicopter blades like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Use of Technological Advancements Such as 3D Printing in the Production of Helicopter Blades to Boost the Market Growth

The development of lightweight helicopters to improve efficiency and reduce carbon emissions using lightweight blades is propelling the market growth. Moreover, the integration of the latest technologies to develop more innovative and efficient helicopter blades by the major companies is anticipated to augment the industry growth. The use of technologies, such as additive manufacturing processes and 3D printing, is improving operational efficiency by developing rapid prototypes and minimising production time for helicopter blades. This is providing further impetus to the growth of the helicopter blades industry. In addition, innovations such as morphing rotor blades in the production of helicopter blades to suit different flight conditions are catalysing the market growth. As helicopters are extensively used in extreme weather conditions and during natural calamities, their blades are regularly replaced owing to potential strain and damage, which is also fuelling the market growth. Although the surge of the coronavirus pandemic has hindered the market growth owing to national lockdowns worldwide, the market is expected to recuperate due to the extensive use of helicopters for medical emergencies.

Key Industry Players in the Global Helicopter Blades Market

The report presents a detailed analysis of the following key players in the global helicopter blades market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Van Horn Aviation, LLC
• Carson Helicopters, Inc
• Kaman Corporation
• Erickson
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report