Helicopters Market to Witness Huge Growth by 2024

The helicopters market has witnessed high demand for military helicopters in the coming years due to its exclusive maneuverability characteristics, and enhanced technologies that the helicopters are armed with.

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Technological advancements such as electro-optical and infrared systems (EOIR), electronic flight instruments (EFI), improved flight vision systems (EFVS) for the heliport, ultra-light multi-mode radar, multirole combat helicopters with incorporated avionics and weapons and improved innovative cockpits and mounting digital helicopter condition-monitoring are the trends in the helicopters market.

Augmented requirement for EMS (Emergency Medical Services) helicopters, mounting need for military helicopters, mounting use of helicopters in disaster relief, and mounting need for lightweight helicopters are the primary growth drivers for helicopters market. Mounting need for fuel-efficient turboshaft engines and advancement in avionics to enhance safety features are also facilitating the growth for the helicopters market.

North America accounted the largest share in the market due to the retirement of the old generation helicopters and augmented usage of helicopter.

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Airbus Helicopters SAS, Korea Aerospace Industries, Ltd., Lockheed Martin Corporation, Bell Helicopter Textron Inc., Robinson Helicopter Company, Turkish Aerospace Industries, Inc., Leonardo S.P.A., Kawasaki Heavy Industries, Ltd., Boeing, Md Helicopters, Inc. and Hindustan Aeronautics Limited (HAL) are the key players offering helicopters.

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