South America Helicopters Market Forecast to 2028 ..
South America Helicopters Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Single Rotor, Multi Rotor, and Tilt Rotor), Weight (Light Weight, Medium Weight, and Heavy Weight), and Application (Commercial & Civil and Military)
The SAM helicopters market is expected to grow from US$ 2,779.47 million in 2021 to US$ 3,560.06 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.
The burgeoning demand for search and rescue (SAR) helicopters will escalate the market in coming years. The increasing need for helicopters for various search and rescue operations is driving the SAM helicopter market. Countries located in SAM region are heavily investing in procuring the most advanced and highly capable helicopters. Due to the growing demand for new and advanced SAR helicopters, the overall market is growing. These helicopters were heavily equipped with advanced solutions including reliable and powerful rescue hoists and winches. The SAR helicopters are used for medical emergency/evacuation, firefighting and law enforcement, utility, and search and rescue operation. Helicopters are being significantly used for medical emergency or medical evacuation as well. Medical evacuation is the process of safely evacuating wounded people by medical personnel with assistance from military forces. During any kind of natural calamities or man-made calamities, there is heavy requirement for medical evacuation team. The team consists of medical professionals and military personnel who provide the needed medical care to the victims of any disaster. The team uses aircraft/helicopter fleet to evacuate the disaster-prone area. For law enforcement and firefighting, the helicopter is used for fire or other emergencies, patrol duties, and back up to ground unit. For utility application, helicopters are used for lifting operation that happens during oil and gas offshore processing. For search and rescue operation, the helicopters are deployed by military personnel to rescue and search operations. As a part of rescue and search operation, helicopters are used for all types of search and rescue processes (mountain rescue, disaster rescue, and natural calamity rescue among others). So, growing need of SAR helicopters will drive the SAM helicopters market in coming years.
In case of COVID-19, SAM is highly affected, especially Brazil, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM's governments have taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and parts is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in general aviation and military helicopter production in the country has impaired the supply chain in Brazil. Thus, the outbreak of COVID-19 has had a harsh impact on the SAM Helicopter market, especially in Brazil. Unfortunately, the COVID-19 outbreak has decimated the demand for aircraft (both fixed wing aircraft and helicopters), which reflected significantly lower volumes of orders among the airframe manufacturers, resulting in a lower number of airframe production. The decline in production volumes adversely affected the businesses of various component manufacturers.
The single rotor segment led the SAM helicopters market based on type in 2020. A single rotor helicopter is the most common type of helicopter. These helicopters need an anti-torque device to counteract the twisting momentum produced by the main rotor, which is powered by one or more engines (tail rotor or other anti-torque system). A portion of the power generated by the powerplant(s) is used to counteract torque in a single rotor helicopter. The most popular anti-torque device is a tail rotor, which is designed to compensate for the torque produced by the main rotor. In single rotor helicopters, lift-off is achieved by spinning the main rotor. This rotation causes torque to be generated around the main helicopter, causing the main fuselage to rotate in the opposite direction. The torque (rotational force) exerted on the helicopter fuselage in the direction opposite the rotor blades is one of the issues with any single set of rotor blades. The fuselage rotates in the opposite direction of the rotor blades due to this torque. The antitorque rotor, also known as the tail rotor, counteracts the main rotor torque and controls the fuselage rotation in single-rotor helicopters. Advantage of single rotor helicopter such as greater efficiency, can carry heavy payloads, best for high endurance etc. are expected to increase its demand, thereby driving the SAM helicopters market.
The overall SAM helicopters market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SAM helicopters market. The process also serves the purpose of obtaining overview and forecast for the SAM helicopters market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM helicopters market. Airbus S.A.S.; Bell Textron Inc.; Boeing; Enstrom Helicopter Corp.; Kaman Corporation; Leonardo S.p.A.; Lockheed Martin Corporation; MD Helicopters, Inc.; and Russian Helicopters are among a few players operating in the SAM helicopters market.
TABLE OF CONTENTS
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Helicopters Market - By Type
1.3.2 SAM Helicopters Market - By Weight
1.3.3 SAM Helicopters Market - By Application
1.3.4 SAM Helicopters Market- By Country
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. SAM Helicopters Market Landscape
4.1 Market Overview
The List of Companies - South America Helicopters Market
- Airbus S.A.S.
- Bell Textron Inc.
- Enstrom Helicopter Corp.
- Kaman Corporation
- Leonardo S.p.A.
- Lockheed Martin Corporation
- MD Helicopters, Inc.
- Russian Helicopters