Helicopter Blades Market Size
Helicopter Blades Market size worth USD 545 million in 2018 and is anticipated to witness more than 3% CAGR during the forecast period from 2019 to 2025.
To obtain major market trends
Growing helicopter sales worldwide due to increased uses in military and emergency medical services (EMS) among others are fueling the helicopter blades market share during the study period. The creation of sophisticated new helicopters with added payload capacity, comfort, connectivity, and ease of flying are expanding its uses across EMS. Also, a surge in military and defense budgets around the world are boding well for the industry growth.
Helicopter Blades Market Report Attributes
Report Attribute Details
Base Year 2018
Helicopter Blades Market Size in 2018 545 Million (USD)
Forecast Period 2019 to 2025
Forecast Period 2019 to 2025 CAGR 3%
2025 Value Projection 685 Million (USD)
Historical Data for 2014 to 2018
No. of Pages 300
Tables, Charts & Figures 624
Segments covered Application, Blade Location, Material, Distribution Channel and Region
What are the growth opportunities in this market?
The capability of helicopters to execute a diversified set of operations such as vertical take-off and landing operations coupled with the ability to hover over regions are increasing the size of the helicopter blades market. Besides this, the use of light materials for manufacturing such aircrafts with an aim to enhance efficiency and minimize carbon emissions are the key areas of focus for manufacturers to enhance their share of business.
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Industry participants are steadily involved in R&D for creating advanced manufacturing processes for enhancing their operational efficiency. The majority of manufacturers are also turning towards 3D printing and additive manufacturing technologies, which facilitates quick prototyping and shortening the production time significantly. For example, in February 2019, Thermwood Corporation revealed the manufacture of helicopter blades for Bell Helicopter Textron Inc. using Large Scale Additive Manufacturing (LSAM) 3D printing technologies.
Growing use of smart helicopter technologies are facilitating OEM’s to diversify their product portfolio and acquire competitive advantage over others. The use of innovative blade systems such as the active blades having the ability to conform to the aerodynamic characteristics of helicopter blade flows facilitates for cost-effective flight travel. Moreover, the smart blades also facilitate for lower vibrations, noise & harshness, thus enhancing the market share of helicopter blades in the study period.
Industry players are constantly enhancing their product line by launching newer models with multiple blade rotors to enhance the overall helicopter in-flight experience. These are also developed with emphasis on reducing noise, turbulence, and vibrations along with emphasis on enhancing efficiency. For example, in July 2018, Airbus introduced H160 helicopters with a state-of-the-art Blue Edge five-bladed main rotor system, thus boosting the helicopter blades market share.
Strict regulatory guidelines related with the compulsory testing and regulating the helicopter blades before commercialization are giving a positive sign. Government agencies like the Federal Aviation Administration (FAA) provides various regulations like the Supplemental Type Certificate (STC) and Parts Manufacturing Authority (PMA) which requires specific tests like fatigue, material, and airborne testing, thus prompting manufacturers to provide dependable and extremely durable helicopter blades.
Helicopter Blades Market Analysis
Find out more about the most important segments influencing this market
The military is going to be purchasing a whole lot of helicopters in the future. That’s because they’re becoming really cool and handy with all the latest technology. These new helicopters are able to fly super fast, like up to 250 miles per hour! And they have special rotors which make them even faster and more stable. This means that they can enter combat quicker and travel around more readily. Nations everywhere are experimenting with these new helicopters for their militaries. For instance, Russia invested a lot of money in improving rotor blades for their combat helicopters. They’re also in the process of developing some newer helicopters that will be able to fly even more quickly and quietly. And not just Russia, either. America just signed on to sell lots of their sleek MH-60R helicopters to India. India is also on the hunt for some really cool Seahawk helicopters that will assist them in defending their waters.
Civil helicopters will capture a major share due to rising applications in tourism and internet-based on-demand helicopter rental services. The new on-demand air mobility service providers providing instant services is contributing significantly towards the growth of the helicopter blades market size during the forecast period. Large air service companies are also growing regionally to expand their market share. For example, in 2018, Fly Blade in partnership with Hunch Ventures introduced its on-demand helicopter services in India.
The primary rotor blade holds significant volume share in the helicopter blades industry. Defense forces are always funding R&D and creating various programs such as the Joint Multi-Role Technology Demonstrator (JMR-TD) for the development of medium utility helicopters with an emphasis on enhancing the speed of helicopters. For example, in December 2018, Boeing and Sikorsky revealed its advanced compound helicopter with a combination of coaxial rotors and rigid rotors, thus increasing the helicopter blades market size.
The tail rotor blade will exhibit strong growth due to increasing helicopter production and deliveries worldwide. The tail rotor keeps the helicopter stable and avoids the motion in undesired direction. The creation of composite tail blades having lower vibration levels than traditional blades further enhances the product penetration. Manufacturing and production facility expansion are positively impacting the segment share. For example, in April of 2019, Airbus Helicopters announced the inauguration of its extra assembling line of lightweight twin H135 in China.
Carbon fiber reinforced plastic (CFRP) will hold considerable share in the helicopter blades market size. This is attributed to the high strength provided by these materials to support helicopter operations. The material also provides greater specific modulus, which plays a major role in reducing helicopter weight and enhancing blade strength, further increasing the segment size.
The glass fiber reinforced plastic (GFRP) will exhibit a significant increase in helicopter blades market share during the forecast period. The material possesses greater benefits over traditional blade materials such as lower production cost, lightweight, and ease of manufacturing processes. Yet, the reduced stiffness can restrict its application in main rotor blades.
OEM is anticipated to hold a major volume share in the helicopter blades market size. The dominance can be related to the growing helicopter production across the world. The arrival of light weight materials coupled with growing emphasis on modernizing existing helicopter fleet with superior blades for raising payload capacities. For example, in March 2019, Airbus announced modernizing its H145 helicopters with five-blade rotor technology to raise the total payload by 150 kg.
Find out more about the major segments influencing this market
North America helicopter blades market share will experience substantial growth due to the presence of leading manufactures in the region. Manufacturers are establishing new manufacturing and production units for catering to the increasing helicopters demand. For example, in March 2019, Kopter revealed plans for opening new SH09 helicopter production plant in the U.S. Further, increasing defense expenditure coupled with persistent modernization of existing military helicopters are also enhancing the regional growth. For example, in March 2019, the US government allocated about USD 720 billion budget to Department of Defense.
Helicopter blades market players consist of Airbus
- S.A.S.
- Van Horn Aviation, LLC
- Bell Helicopter Textron
- Boeing
- Lockheed Martin Corporation
- Hindustan Aeronautics Limited
The indusrey manufacturers are expanding their production facilities to capture growing product demand. For instance, in December 2017, Airbus S.A.S. opened its new helicopter blades production facility in Paris. The production facility is expected to produce more than 4,000 blades every year.
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Industry Background
Helicopter blades are gaining momentum across the globe owing to the development of advanced manufacturing processes along with rising helicopter production globally. Supervisory bodies including the FAA are providing safety standards along with mandating rigorous testing of helicopter blades for ensuring safety and reliability. The development of new blade product technologies will enhance the NVH characteristics and further strengthen the helicopter blades market share over the projected timeframe.
Industry participants are testing newly developed products against the stringent flight tests to ensure compliance with safety regulations. The long-term contracts with helicopter manufacturers and R&D investments to develop advanced products are the growth strategies adopted by the manufacturers to enhance their market share.
