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Technological Advancements Enable Civil Helicopters to Embrace Harsher Environments Finds Frost & Sullivan - Smarter vehicle systems will help reduce ownership costs and pilot the market forward - Aerospace.Frost.com
Technological Advancements Enable Civil Helicopters to Embrace Harsher Environments Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2014/11/13 - Smarter vehicle systems will help reduce ownership costs and pilot the market forward - Aerospace.Frost.com.

   
 
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The civil helicopter market is still slowly recovering from the economic downturn as emerging economies renew and expand their helicopter fleets. In the commercial segment, buoyant demand from the oil and gas industry for offshore transportation coupled with adoption in the sectors such as emergency medical services, air ambulances and aerial services are supporting revenues. In the government sector, ageing police helicopter renewals are driving market growth.

New analysis from Frost & Sullivan, Analysis of the Global Civil Helicopters Market, finds that the market earned revenues of $6.22 billion in 2013 and estimates this to reach $9.90 billion in 2023. Asia-Pacific, North America, Europe, and Latin America are expected to be the most attractive markets.

“Technology developments in airframe, engine and mission systems that provide more airworthiness, resilience, performance and responsiveness are enabling the new generation of helicopters to function in tough environments,” said Frost & Sullivan Aerospace and Defence Industry Analyst Alix Leboulanger. “Civil operators will also look for capabilities to improve territorial surveillance, crime prevention and natural disaster relief. Vertical take-off and landing capabilities are also greatly sought after to overcome geographic and infrastructure constraints. Such capabilities are critical to bolster operational efficiency, as highlighted during parapublic missions in congested environments and degraded weather conditions.”

Nonetheless, faced with stretched government budgets and irregular turnovers, government and commercial operators opting to upgrade existing assets rather than purchase new platforms. Continuing renewal of legacy helicopters creates a difficult market environment for newer platforms. Higher insurance costs, personnel training expenditures, and fuel taxes limit opportunities in regions still dealing with economic instability compound the problem.

“Certain operators are even considering switching to other aircraft types, such as fixed wing aircraft and unmanned systems when missions and regulations enable such a change,” noted Leboulanger. “However, there will be a very precise trade-off between operation costs and aircraft performance, which is not necessarily satisfactory, especially if operators are willing to keep hovering capabilities and flying at low altitudes.”

On the other hand, if advanced capabilities were offered using attractive business models that ease the financial burden, manufacturers will be able to gain customers. Optionally unmanning helicopters to embrace the rise of unmanned systems is another option that will extend cost and operational benefits to participants in the global civil helicopters market.

“Looking at the big picture, the rise of smart sensors, cloud computing, Big Data, and Internet of Things will facilitate predictive maintenance,” added Leboulanger. “This will reduce related costs by decreasing grounded times and improving resource management.”

Analysis of the Global Civil Helicopters Market is part of the Aerospace (aerospace.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Military Satcom Applications Market, Global Commercial Avionics Market, Global Airport IT Market, and Global Business Aircraft Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Global Civil Helicopters Market / MA7E-22

 
 
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Technological Advancements Enable Civil Helicopters to Embrace Harsher Environments Finds Frost & Sullivan

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Frost & Sullivan | Civil Helicopters Market
Contact: Edyta Grabowska - Frost.com 
+48 22 481 62 03 edyta.grabowska[.]frost.com
 
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