The global helicopter market is expected to reach an annual valuation of $11.5 billion by 2032, with the market expanding at a compound annual growth rate (CAGR) of 6.4 percent from 2022 to 2032, according to a new report by Future Market Insights (FMI). The increase is calculated from a 2021 market valuation of $5.9 billion and is expected to be driven by fleet replacement and expansion needs across commercial sectors including air ambulance and offshore energy, as well as parapublic and military segments.
According to the report, the U.S. market will continue to lead demand, with a forecasted CAGR of 5.5 percent reaching an estimated $3.9 billion annually by 2032. Europe is projected to grow at a faster 6 percent CAGR, but with a lesser annual valuation of $2.8 billion within the same time frame.
Law enforcement and public safety is expected to be the most active sector, with a projected CAGR of 5.5 percent, while light commercial helicopters are expected to be the best-performing market segment, with an anticipated CAGR of 6 percent.