The Asia Pacific helicopter market is the fastest-growing market in the global market, and is projected to grow at a CAGR of 4.9% during the forecast period. The global helicopter market size is expected to grow from USD 56.87 billion in 2022 to USD 76.16 billion by 2030. The Asia Pacific region is expected to witness the launch of advanced helicopter models and increased collaborations and partnerships between major players to cater to the growing demand for helicopters in the region.

Informational Source:

https://www.fortunebusinessinsights.com/asia-pacific-helicopter-market-107402

Major players in this region are investing in R&D to introduce new products and enhance their existing models to cater to the region's evolving needs.

• For instance, in 2021, Airbus S.A.S announced the launch of a new version of the H145 with improved operational capabilities, including better performance in high and hot conditions, for its customers in the Asia Pacific region.

The Asia Pacific helicopter market research report covers the following countries/regions – China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific.

LATEST TRENDS

Growing Demand for Emergency Medical Services Offers New Growth Opportunities

One of the latest trends in the Asia Pacific region is the growing demand for emergency medical services (EMS). As the region's healthcare infrastructure continues to develop, there has been an increase in the number of hospitals and medical facilities requiring quick and efficient patient transport, particularly in remote or hard-to-reach locations. The use of rotorcraft in the Asia Pacific region for EMS is gaining popularity in India and China, which have large populations and vast geographical areas.

• For instance, in March 2022, a Memorandum of Understanding (MoU) was signed by Airbus SE with Airlift Global, a company supported by AUM Capital based in the U.K., to promote Helicopter Emergency Medical Services (HEMS) and related air medical services in India.

DRIVING FACTORS

Growing Defense Spending by Countries in the Region to Accelerate Market Growth

Asia Pacific has witnessed a significant increase in government spending on the modernization and replacement of existing fleets, particularly in the defense sector. This is mainly driven by the growing geopolitical tensions in the region and the need to upgrade the military capabilities of various countries.

• For instance, in May 2021, the Japanese government announced that it would allocate USD 49 billion for defense spending in the fiscal year 2021, which includes the acquisition of new rotorcraft for the Japanese Self-Defense Forces. This increased spending is expected to fuel the Asia Pacific helicopter market growth.

RESTRAINING FACTORS

Limited Infrastructure and Maintenance Facilities to Limit the Market Growth

The Asia Pacific region faces several challenge, including limited infrastructure and maintenance facilities. The lack of adequate infrastructure in some parts of the region can also restrain the market growth during the forecast period. The availability and accessibility of helipads, hangars, and maintenance facilities, among others are important for rotorcraft operators to establish a strong presence in the region.

• For instance, according to a report by the Australian Helicopter Industry Association, there is a shortage of suitable landing sites, particularly in urban areas, which can limit the growth of the market in the region.

KEY INDUSTRY PLAYERS