Helicopter Blades Market Analysis | 2017-2022

Market Insights

The helicopter blades market was estimated at USD 1,212.5 million in 2016 and is projected to grow at a healthy CAGR of 4.5% during 2017-2022 to reach USD 1,568.4 million in 2022.

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Market Dynamics

Introduction

Helicopter blades, also known as rotor blades or rotors, are the essential components of a helicopter that enable it to achieve lift and controlled flight. Unlike fixed-wing aircraft, helicopters rely on rotary wings to generate lift and maneuver in various directions. Helicopter blades are attached to the rotor hub, which is connected to the main rotor mast. The rotation of the blades creates lift and allows the helicopter to ascend, descend, hover, and move in any direction.

Market Drivers

The major factors driving the growth of the helicopter blades market are:

• Increasing delivery of helicopters.
• An advancement in blade technology, such as electric tail rotor systems.
• A continuous shift from heavy metal blades to lightweight composite blades.
• Rising helicopter fleet size.

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Key Players

The supply chain of this market comprises raw material manufacturers, helicopter rotor and tail blade manufacturers, helicopter OEMs, MRO, and end users, such as oil & gas companies and military division of countries.

The raw material manufacturers are-

• Rio Tinto Group
• Toray Industries
• AGY Holdings
• Owens Corning
• Hexcel Corporation
• Evonik Industries.

The key helicopter OEMs are-

• Airbus Helicopters (formerly Eurocopter Group)
• Bell Helicopter
• Sikorsky Aircraft Corporation
• Robinson Helicopter Company
• Boeing
• AgustaWestland S.p.A (now Leonardo).
• Hindustan Aeronautics Limited.

There are independent rotor and tail blade manufacturers as well as OEMs with in-house blade manufacturing capability. Most of the OEMs are currently having captive manufacturing of both rotor and tail blades. They do not sell rotor and tail blades to other OEMs.

The key helicopter blade manufacturers are-

• Bell Helicopter
• Boeing Helicopter
• Carson Helicopters
• Airbus Helicopters
• Hindustan Aeronautics Limited
• Kaman Aerosystems
• Robinson Helicopter Company
• Sikorsky Aircraft Corporation
• Van Horn Aviation.

New product development, collaboration with OEMs, and long-term contacts are the key strategies adopted by the key players to gain a competitive edge in the market.

Segments' Analysis

By Helicopter Type

The helicopter blades market is segmented based on helicopter type as civil and para-public, military, and civil/military. Military and civil/military segments currently dominate the helicopter blades market, driven by high deliveries of helicopters and large fleet size. H125, H135, and H145 of Airbus Helicopters, Black Hawk of Sikorsky, A-64 Apache of Boeing, and AW139 of Agusta Westland are amongst the key helicopter models which are driving the demand for blades in these segments. The civil and para-public segment is projected to witness the highest growth during the forecast period, driven by increasing demand for light single-engine and intermediate & medium twin-engine civil helicopters.

By Material Type

Based on the material type, composites are likely to remain the largest and fastest-growing material type during the forecast period. The materials' potential in structural applications has been recognized for a long by Helicopter manufacturers. Military helicopters use composites ranging from 50% to 80% of the total airframe weight. The usage of composites varies significantly in civil helicopters. Some civil helicopter manufacturers use composites extensively, whereas some use them mainly in non-structural applications. Blades are also not untouched by such dynamics and major helicopter manufacturers are increasingly adopting composite blades in their upcoming models. At the same time, there is also an increasing demand for composite blades in the aftermarket.

By Blade Location Type

Based on blade location type, the main rotor blade is projected to remain the largest type during the forecast period. Both the main rotor and tail rotor blades are likely to witness similar growth over the next five years. There is increasing penetration of composite materials in both blade types.

Regional Insights

Europe is projected to remain the largest and fastest-growing helicopter blades market during the forecast period. The region is the manufacturing capital of the helicopter industry with the presence of Airbus Helicopters, Agusta Westland, and Russian Helicopters. All the major helicopter manufacturers are producing blades in Europe only.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s helicopter blades market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The helicopter blades market is segmented in the following ways:

By Helicopter Type

• Civil Helicopter
• Military Helicopter
• Both (Civil / Military Helicopter)

By Engine Type

• Turbine
• Piston

By Blade Location Type

• Main Rotor Blade
• Tail Rotor Blade

By Design Type

• Symmetrical Helicopter Blade
• Under Cambered Helicopter Blade

By Material Type

• Carbon Composites
• Hybrid Composites
• Other Materials

By Manufacturing Type

• Sandwich Construction Process
• Other Processes

By End-User Type

• OE
• Aftermarket

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Middle East, Latin America, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation·

• Current market segmentation of any one of the helicopter types by design type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.