Search And Rescue Helicopter Market Size Worth $2,905.13 Million By 2032 | CAGR: 3.6%

Search And Rescue Helicopter Market Size Worth $2,905.13 Million By 2032 | CAGR: 3.6%


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.

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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

  • Rescue equipment segment accounted for largest market share in 2022, mainly due to growing focus on human safety and continuous growth in urbanization
  • Heavy segment is projected to grow at a significant CAGR during the projected period, which is mainly driven by its capabilities to efficiently perform several extreme rescue operations and powerful engines
  • Commercial & military segment held the majority market revenue share in 2022, on account of growing adoption of these helicopters to be used in several operations including private patrolling and emergency services
  • North America region dominated the market with largest share in 2022, owing to high military spending and focus on government and private companies towards the modernization of military
  • The global key market players include Hindustan Aeronautics, Lockheed Martin, Leonardo, Robinson Helicopter, and Bristow Group

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)

  • Aero Structures
  • Engine
  • Avionics
  • Rescue Equipment
  • Electrical Equipment
  • Others

Search And Rescue Helicopter, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Light
  • Medium
  • Heavy

Search And Rescue Helicopter, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Commercial & Civil
  • Military

Search And Rescue Helicopter, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Search and Rescue Helicopter Market Report Scope

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.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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