The air crane helicopter market size is expected to grow from USD 5.38 billion to USD 13.24 billion in 10 years. Construction projects and global energy production are increasing the need for aerial firefighting capabilities. These factors are driving the expansion of the global Air Crane Helicopter market.
NEWARK, April 22, 2024 (GLOBE NEWSWIRE) — Brainy Insights estimates the air crane helicopter market to be worth USD 5.38 billion in 2023 and reach USD 13.24 billion by 2033. Masu. The air crane helicopter market is rising globally due to the increasing usage of these aircraft. They are often used for emergency response, disaster relief, aerial firefighting, and military transport of heavy and bulky cargo over steep terrain. However, high initial and ongoing expenses may limit the market expansion of air crane helicopters. Additionally, advances in the size and capabilities of air crane helicopters are expected to create new commercial prospects within the expected period.
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Key Insights on Aircraft Crane Helicopter Market
Asia Pacific is expected to expand at the highest CAGR of 11.83% during the forecast period.
Asia Pacific is expected to grow at the highest CAGR of 11.83% during the forecast period. This comes as the Asia-Pacific region is investing heavily in infrastructure projects such as energy facilities, transportation networks and urban growth.
The above 15,000 feet segment is anticipated to register the highest CAGR of 10.35% over the forecast period in the air crane helicopter market.
The above 15,000 feet segment is expected to grow at the highest CAGR of 10.35% in the air crane helicopter market. This is because fields such as scientific research, mountain rescue, and energy exploration increasingly rely on helicopters that can reach altitudes of 15,000 feet or more to perform critical tasks in difficult terrain.
Over 20,000 lbs segment is expected to register the highest CAGR of 10.73% in the Air Crane Helicopter market during the forecast period.
During the forecast period, the above 20,000 lbs segment is expected to grow at the highest CAGR of 10.73% in the Air Crane Helicopter market. This is because sectors such as mining and energy rely on helicopters to move large equipment, large quantities of materials, and heavy tools.
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Market trend
Driver: Growing need for aerial crane helicopters in the defense sector
The military widely uses air crane helicopters for many missions, including transporting people and cargo, conducting search and rescue operations, and supporting relief efforts after natural disasters. Their ability to carry large loads makes them ideal for transporting heavy military equipment such as tanks, artillery, and other large vehicles. Its versatility and ability to move large objects makes it ideal for a variety of jobs within defense organizations. Additionally, increased defense spending will lead to significant investments in modern helicopters for cargo transport and logistics. Helicopters are used to extinguish wildfires using aerial firefighting operations, also known as hydrogen bombs. Helicopter air cranes are becoming essential in the fight against wildfires worldwide. They are equipped with belly tanks, snorkel systems, and buckets of water for extinguishing fires. Some aerial cranes may be equipped with additional fire extinguishing equipment, such as a foam system, to aid in extinguishing fires. The increasing frequency and severity of wildfires has increased the need for aerial cranes in the firefighting industry. These helicopters can drop large amounts of water and flame-retardant chemicals from the air to put out fires before they spread. Additionally, the increasing number of construction and infrastructure projects across the world, which require the transportation of heavy equipment and materials to remote or difficult-to-access locations, is expected to drive market expansion.
Constraints: Excessive maintenance and operation costs
Aerial cranes are a complex set of equipment and require a lot of maintenance to operate effectively and safely. Maintenance costs can be very high, especially for older generations, as new components are becoming more expensive and difficult to find. Additionally, maintaining and operating air crane helicopters requires highly qualified pilots and technicians. Longer maintenance and repair lead times and higher training costs can impact the sector’s output and efficiency. Furthermore, operating these helicopters is more expensive than using alternative helicopters due to gas and insurance costs. These issues are expected to hinder the market expansion during the anticipated period.
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The major companies operating in the Air Crane Helicopter market are:
• Air Crane Co., Ltd.
• Ericsson
・Carman Co., Ltd.
• Russian helicopter
• The Boeing Company
• Airbus SAS
• High Performance Helicopter Company
• Textron Aviation, Inc.
• Columbia Helicopters
• Lockheed Martin Corporation
The main segments cover the following markets:
By durability:
• Above 15,000 feet
• Up to 15,000 feet
Depending on external load capacity:
• 10,000-20,000 pounds
• Up to 10,000 lbs.
• Over 20,000 pounds
By region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and other South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)
About the report:
The market is analyzed on the basis of value (USD Billion). All segments are analyzed globally, regionally and by country. The study includes analysis of more than 30 countries in each part. The report analyzes the drivers, opportunities, restraints, and challenges to gain key insights on the market. This research includes Porter’s Five Forces Model, attractiveness analysis, product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channel analysis.
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About Brainy Insights:
The Brainy Insights is a market research company that aims to provide actionable insights to improve business acumen for companies through data analysis. We have robust predictive and estimation models to achieve our clients’ goals of achieving high-quality results in a short period of time. We offer both customized (client-specific) and syndicated reports. The repository of syndicated reports is diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet our clients’ requirements, whether they are looking to expand in global markets or planning to launch a new product.
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