The global search and rescue helicopter market size is expected to reach USD 2,905.13 million by 2032, according to a new study by Polaris Market Research. The report “Search and Rescue Helicopter Market Share, Size, Trends, Industry Analysis Report, By Component (Aero Structures, Engine, Avionics, Rescue Equipment, Electrical System, and Others); By Type; By End-Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising demand for SAR helicopters for performing several emergency medical services and critical remote missions along with integrating several advanced features such as high speed, less vulnerability, and strong mobility to the climatic conditions are major prominent factors driving the market growth. The rising incorporation of innovative technology with regular search and rescue helicopters, as many military SAR operations, are usually conducted in combat zones, and the focus on market giants on their market expansion will further stimulate market growth.
For instance, in March 2023, Rotortrade announced they had signed a Memorandum of Understanding with the Bristow Group to collaborate on the divestment and acquisition of helicopters. The strategic partnership enables the company to work with Bristow toward its efforts in acquiring and divesting its helicopter assets.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/search-and-rescue-helicopter-market/request-for-sample
Advanced sensors and cameras such as infrared and night vision technology are also being introduced, enabling helicopters to operate in very low visibility conditions and locate targets more accurately. Apart from this, electric-powered helicopters are rapidly emerging as an environmentally friendly option to perform various SAR operations, as these helicopters have lower emissions and are quieter, which makes them suitable for use in urban and residential areas.
In recent years, several new technologies such as synthetic vision systems and digital mapping have been widely adopted in search and rescue helicopters to improve their capabilities and effectiveness due to the ability of these technologies to allow helicopters to fly in low visibility conditions and navigate in difficult terrain, that has been positively influencing the market.
Search And Rescue Helicopter Market Report Highlights
Polaris Market Research has segmented the search and rescue helicopter market report based on component, type, end-use, and region:
Search And Rescue Helicopter, Component Outlook (Revenue - USD Million, 2019 - 2032)
Search And Rescue Helicopter, Type Outlook (Revenue - USD Million, 2019 - 2032)
Search And Rescue Helicopter, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
Search And Rescue Helicopter, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 2,113.15 million |
Revenue forecast in 2032 |
USD 2,905.13 million |
CAGR |
3.6% from 2023– 2032 |
Base year |
2022 |
Historical data |
2019– 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Component, By Type, By End-Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key companies |
Lockheed Martin Corporation, Leonardo S.p.A., Hindustan Aeronautics Ltd., Bell Textron Inc., Airbus S.A.S., Babcock International, Bristow Group Inc., Elbit Systems, PHI Aviation LLC, The Boeing Company, Kawasaki Heavy Industries Ltd., MD Helicopters, Robinson Helicopter Company, Russian Helicopters, and Hindustan Aeronautics Ltd. |
For Specific Research Requirements |