The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Helicopter Blades Market.
It was estimated prior to this unanticipated outbreak that the Helicopter Blades Market was likely to witness an impressive CAGR of 4.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Helicopter Blades Market Segment Insights:
By Helicopter Type:
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. Civil and parapublic 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:
The materials' potential in structural applications has been recognized since long by the 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 are using composites extensively, whereas some are using them mainly in the non-structural applications. Blades are also not untouched with 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:
Both main rotor and tail rotor blades are likely to witness similar growth over the next five years. There is an increasing penetration of composite materials in both the blade types.
By Region:
Europe is projected to remain the largest and fastest-growing market for 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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