Asia Pacific Helicopter MRO Market Forecast to 2030
Asia Pacific Helicopter MRO Market Forecast to 2030 – Regional Analysis – by Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, and Line Maintenance), Helicopter Type (Light Helicopter, Medium Helicopter, and Heavy Helicopter), and End Users (Commercial and Military)
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Description
Growing Demand for Helicopters in Southeast Asia Fuels Asia Pacific Helicopter MRO Market.
The aviation industry in Asia Pacific is constantly growing owing to rising income levels in the region. The demand for helicopters in the region, especially in southeastern countries, is growing. The demand for helicopters for commercial and military applications is growing significantly in countries such as Thailand, Singapore, Malaysia, Indonesia, and others. One of the notable commercial applications is growing offshore energy production activities in Southeast Asian countries, which has increased in the past few years owing to the rising demand for energy. As per the data published in the American Journal of Transportation in 2023, southeast Asia’s renewable energy investments are expected to surpass US$ 76 billion by 2025. Thus, the demand for helicopters is projected to increase, ultimately driving the demand for helicopter MRO services. In May 2023, Malaysia’s Weststar Aviation Services bought five new Leonardo AW139 intermediate twin-turbine helicopters to add to its existing fleet. The AW139s will serve Weststar’s offshore energy support business. Weststar operates more than 35 Leonardo AW139, AW169, and AW189 helicopters from bases in Malaysia, Indonesia, and other countries. According to the Vice President and head of sales for Asia Pacific of Airbus Helicopters, the company plans to expand its presence in Thailand over the next ten years due to rising demand for light and medium lift helicopters in Thailand. According to Airbus’s demand analysis for 2023, Thailand’s in-service fleet in the military and public service sectors is predicted to rise by 20% over the following ten years. Apart from Airbus, many other helicopter manufacturers and fleet operators are focusing on business expansions in Southeast Asia. In October 2023, TAG Aviation opened a new office in Singapore. According to the company’s official statement, increased demand for its services in Singapore and Southeast Asia has driven the business expansion strategies of the company. In June 2023, Korea Aerospace Industries Co. signed a preliminary agreement with Vietnam’s Viettel Aerospace Institute to collaborate in the development and production of helicopters, which is likely to pave the stage for KAI’s entry into Southeast Asia’s aircraft industry. Thus, continuously growing demand for helicopters in commercial and military applications in Southeast Asia is expected to generate lucrative opportunities for the helicopter MRO market in Asia Pacific during the forecast period.
Asia Pacific Helicopter MRO Market Overview
The Asia Pacific helicopter MRO market is growing at the highest CAGR owing to the rising demand for civil and military helicopters. In Asia Pacific, more than 61% of the helicopters are owned and operated by four countries-China, Australia, Japan, and New Zealand. Overall, Australia has the largest market for helicopters, followed by Japan, with most helicopters from Airbus and Leonardo.
China represents the largest number of helicopters, reaching 913 in 2023, according to the Insight Partners Analysis. The growing number of contracts for the adoption of new helicopters in Asia Pacific has created a massive demand for helicopter MRO services across China and India. For instance, in April 2023, Airbus Helicopters signed a contract with GDAT, China’s helicopter operators, for the adoption of the 50 H160 helicopters. This contract was made to order H160 on the civil helicopter. The companies also signed a strategic partnership to procure the helicopter H160 in China.
Asia Pacific Helicopter MRO Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Helicopter MRO Market Segmentation
The Asia Pacific helicopter MRO market is segmented based on component, helicopter type, end users, and country. Based on component, the Asia Pacific helicopter MRO market is segmented into airframe maintenance, engine maintenance, component maintenance, and line maintenance. The engine maintenance segment held the largest market share in 2022.
In terms of helicopter type, the Asia Pacific helicopter MRO market is segmented into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held the largest market share in 2022.
By end users, the Asia Pacific helicopter MRO market is bifurcated into commercial and military. The military segment held a larger market share in 2022.
Based on country, the Asia Pacific helicopter MRO market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific helicopter MRO market share in 2022.
Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA are some of the leading companies operating in the Asia Pacific helicopter MRO market.
Summary Info
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According to the Research Team’ research, the Asia Pacific helicopter MRO market was valued at US$ 8,983.26 million in 2022 and is expected to reach US$ 15,795.91 million by 2030, registering a CAGR of 7.3% from 2022 to 2030. Procurement of helicopters in defence is among the critical factors attributed to the Asia Pacific helicopter MRO market expansion.
The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers. Further, military and army vehicle upgrades are rising owing to growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases the government’s focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments, vehicles, and others. Hence, military forces across the world focus on investing significant amounts in procuring advanced technologies. Defense forces’ constant inclination to acquire new technologies for non-combat and combat operations further boosts military expenditure worldwide.
As per the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased to US$ 2,148 billion in 2022, representing a 3.5% increase from 2021. The US, China, India, Russia, and Saudi Arabia were the top five spenders in 2022, which accounted for 63% of the global expenditure. Increasing military expenditure encourages the adoption of various advanced combat, support, and rescue helicopters in the military. In July 2023, the Argentine Ministry of Defense announced the signing of a deal to purchase Light Utility Helicopters from India’s Hindustan Aeronautics Limited (HAL). Thus, new procurements of helicopters in the defense sector owing to increased military expenditure drive the demand for helicopter MRO services.
On the contrary, lack of workforce in industry helicopter MRO market manufacturers hurdles the growth of Asia Pacific helicopter MRO market.
Based on component, the Asia Pacific helicopter MRO market is categorized into airframe maintenance, engine maintenance, component maintenance, and line maintenance. The engine maintenance segment held 46.8% market share in 2022, amassing US$ 4,202.58 million. It is projected to garner US$ 7,752.33 million by 2030 to expand at 8.0% CAGR during 2022-2030.
In terms of helicopter type, the Asia Pacific helicopter MRO market is categorized into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held 47.0% share of Asia Pacific Helicopter MRO market in 2022, amassing US$ 4,224.89 million. It is projected to garner US$ 7,347.73 million by 2030 to expand at 7.2% CAGR during 2022-2030.
By end users, the Asia Pacific helicopter MRO market is bifurcated into commercial and military. The military segment held 73.5% share of Asia Pacific Helicopter MRO market in 2022, amassing US$ 6,602.24 million. It is projected to garner US$ 11,876.03 million by 2030 to expand at 7.6% CAGR during 2022-2030.
Based on country, the Asia Pacific helicopter MRO market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.7% share of Asia Pacific helicopter MRO market in 2022. It was assessed at US$ 2,934.15 million in 2022 and is likely to hit US$ 4,877.37 million by 2030, exhibiting a CAGR of 6.6% during 2022-2030.
Key players operating in the Asia Pacific helicopter MRO market are Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific helicopter MRO market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Helicopter MRO Market Landscape
4.1 Overview
4.1.1 Component Suppliers
4.1.2 MRO Service Providers
4.1.3 End Users
5. Asia Pacific Helicopter MRO Market – Key Industry Dynamics
5.1 Helicopter MRO Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Light and Medium Weight Helicopters
5.2.2 Procurement of Helicopters in Defence
5.2.3 Growing Demand for Engine Maintenance
5.3 Market Restraints
5.3.1 Lack of Workforce in Industry
5.4 Market Opportunities
5.4.1 Growing Demand for Helicopters in Southeast Asia
5.4.2 Growing Research and Development Activities for Hybrid and Electric Helicopters
5.5 Future Trends
5.5.1 Adoption of 3D Printing Technology
5.6 Impact of Drivers and Restraints:
6. Helicopter MRO Market – Asia Pacific Market Analysis
6.1 Helicopter MRO Market Revenue (US$ Million), 2022 – 2030
6.2 Helicopter MRO Market Forecast and Analysis
7. Asia Pacific Helicopter MRO Market Analysis – Component
7.1 Airframe Maintenance
7.1.1 Overview
7.1.2 Airframe Maintenance Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Engine Maintenance
7.2.1 Overview
7.2.2 Engine Maintenance Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Component Maintenance
7.3.1 Overview
7.3.2 Component Maintenance Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Line Maintenance
7.4.1 Overview
7.4.2 Line Maintenance Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Helicopter MRO Market Analysis – Helicopter Type
8.1 Light Helicopter
8.1.1 Overview
8.1.2 Light Helicopter Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Medium Helicopter
8.2.1 Overview
8.2.2 Medium Helicopter Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Heavy Helicopter
8.3.1 Overview
8.3.2 Heavy Helicopter Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Helicopter MRO Market Analysis – End Users
9.1 Commercial
9.1.1 Overview
9.1.2 Commercial Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Military
9.2.1 Overview
9.2.2 Military Market, Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Helicopter MRO Market – Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Helicopter MRO Market Overview
10.1.2 Asia Pacific Helicopter MRO Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Asia Pacific Helicopter MRO Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 Australia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Australia Helicopter MRO Market Breakdown by Component
10.1.2.2.2 Australia Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.2.3 Australia Helicopter MRO Market Breakdown by End Users
10.1.2.3 China Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 China Helicopter MRO Market Breakdown by Component
10.1.2.3.2 China Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.3.3 China Helicopter MRO Market Breakdown by End Users
10.1.2.4 India Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 India Helicopter MRO Market Breakdown by Component
10.1.2.4.2 India Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.4.3 India Helicopter MRO Market Breakdown by End Users
10.1.2.5 Japan Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Japan Helicopter MRO Market Breakdown by Component
10.1.2.5.2 Japan Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.5.3 Japan Helicopter MRO Market Breakdown by End Users
10.1.2.6 South Korea Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 South Korea Helicopter MRO Market Breakdown by Component
10.1.2.6.2 South Korea Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.6.3 South Korea Helicopter MRO Market Breakdown by End Users
10.1.2.7 Rest of APAC Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.7.1 Rest of APAC Helicopter MRO Market Breakdown by Component
10.1.2.7.2 Rest of APAC Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.7.3 Rest of APAC Helicopter MRO Market Breakdown by End Users
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Airbus SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Elbit Systems Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Israel Aerospace Industries Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Leonardo SpA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 2. Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Million) – Helicopter Type
Table 5. Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Million) – End Users
Table 6. Asia Pacific Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Australia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. Australia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 9. Australia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 10. China Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. China Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 12. China Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 13. India Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 14. India Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 15. India Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 16. Japan Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 17. Japan Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 18. Japan Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 19. South Korea Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 20. South Korea Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 21. South Korea Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 22. Rest of APAC Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 23. Rest of APAC Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 24. Rest of APAC Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
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LIST OF FIGURES
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. Helicopter MRO Market Revenue (US$ Million), 2022 – 2030
Figure 4. Helicopter MRO Market Share (%) – Component, 2022 and 2030
Figure 5. Airframe Maintenance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 6. Engine Maintenance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Component Maintenance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Line Maintenance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Helicopter MRO Market Share (%) – Helicopter Type, 2022 and 2030
Figure 10. Light Helicopter Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Medium Helicopter Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Heavy Helicopter Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Helicopter MRO Market Share (%) – End Users, 2022 and 2030
Figure 14. Commercial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Military Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Asia Pacific Helicopter MRO Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. Asia Pacific Helicopter MRO Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Australia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. China Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. India Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Japan Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. South Korea Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of APAC Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
1. Airbus SE
2. Elbit Systems Ltd
3. Israel Aerospace Industries Ltd
4. Leonardo SpA
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