Europe Helicopter MRO Market Forecast to 2030
Europe 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
Procurement of Helicopters in Defense Drives Europe Helicopter MRO Market.
The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funs 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.
Europe Helicopter MRO Market Overview
The helicopter MRO market in Europe is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Rising military spending across Europe has created a massive demand for MRO services in the region. According to the Stockholm International Peace Research Institute Report 2022, military spending across Central and Western Europe was valued at US$ 345.0 billion in 2022. The UK has the highest military spending in Europe, valued at around US$ 68.5 billion. In Europe, the rising demand for new modern helicopters in the civil and military sectors in the region drives the helicopter MRO market growth. The helicopter industry in Europe needs to adhere to the stringent rules and regulations set by the European Aviation Safety Agency (EASA) to ensure that safety is directly impacting the growth of the helicopter MRO market. There are currently 3,363 helicopters in operation across Europe. Also, as of 2021, the European Union (EU) has over 1,700 military helicopters. Russia has most of the helicopters in the EU. Further, Italy and France have 435 and 478 helicopters, respectively. France has the largest MRO provider in Europe, with almost 500 helicopters. Demand for MRO services across Europe increased after the Russia and Ukraine war. The war in Europe created a massive demand for large-scale military helicopters with increasing capacity and willingness to conduct military tasks. In July 2021, ITP Aero signed an agreement with Gulf Helicopters Company (GHC) to offer comprehensive support for General Electric CT7-2E1 and CT7-8A engines of Leonardo AW189 helicopters and Sikorsky S-92 helicopters. The contract was carried out at ITP Aero’s Ajalvir (Madrid) and Albacete facilities in Spain. The contract consists of ITP Aero’s Engine Condition Monitoring and the predictive maintenance of engine depending on big data analysis. Safran, MTU Aero Engines, and Rolls-Royce Plc Lufthansa Technik are among the players operating in the Europe helicopter MRO market. The key market players provide the helicopters and related contracts to the military authorities in Europe. The US government sold Apache helicopters and related MRO equipment worth US$ 12 billion to Poland’s military authorities, according to the Pentagon Defense Security Cooperation Agency. These factors bolster the requirement for MRO services for major helicopter components such as engines, gearboxes, and airframes.
Europe Helicopter MRO Market Revenue and Forecast to 2030 (US$ Million)
Europe Helicopter MRO Market Segmentation
The Europe helicopter MRO market is segmented based on component, helicopter type, end user, and country. Based on component, the Europe 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.
Based on helicopter type, the Europe helicopter MRO market is segmented into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held the largest market share in 2022.
Based on end use, the Europe helicopter MRO market is bifurcated into commercial and military. The military segment held a larger market share in 2022.
Based on country, the Europe helicopter MRO market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe helicopter MRO market share in 2022.
Heliconia France SAS, Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA are some of the leading companies operating in the Europe helicopter MRO market.
Summary Info
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According to the Research Team’ research, the Europe helicopter MRO market was valued at US$ 7,456.46 million in 2022 and is expected to reach US$ 10221.05 million by 2030, registering a CAGR of 4.0% from 2022 to 2030. Growing research and development activities for hybrid and electric helicopter are among the critical factors attributed to the Europe helicopter MRO market expansion.
Electrification of the fleet is rising in the transportation sector owing to growing awareness of sustainability, with no exception for the helicopter industry. According to Airbus, hybrid-electric helicopters can reduce aircraft CO2 by 10%. Thus, many helicopter manufacturers focus on research and development activities to develop hybrid and electric helicopters. In September 2021, Airbus Helicopters began flight testing of its new engine backup system (EBS) in collaboration with the French Civil Aviation Authority. The initiative paved the way for a future hybridized propulsion solution for light helicopters while also bringing immediate flight safety improvements. In April 2021, Leonardo Helicopters announced its plans to develop a hybrid-electric-powered light helicopter that might be available in the second half of this decade. In March 2023, Sikorsky and GE Aerospace announced their plans to build a completely autonomous hybrid-electric vertical take-off and landing (VTOL) demonstrator that could be commercialized in 2026.
On the contrary, lack of workforce in industry helicopter MRO market manufacturers hurdles the growth of Europe helicopter MRO market.
Based on component, the Europe helicopter MRO market is categorized into airframe maintenance, engine maintenance, component maintenance, and line maintenance. The engine maintenance segment held 47.0% market share in 2022, amassing US$ 3,501.79 million. It is projected to garner US$ 5,035.41 million by 2030 to expand at 4.6% CAGR during 2022-2030.
In terms of helicopter type, the Europe helicopter MRO market is categorized into light helicopter, medium helicopter, and heavy helicopter. The medium helicopter held 48.6% share of Europe Helicopter MRO market in 2022, amassing US$ 3,620.36 million. It is projected to garner US$ 4,941.26 million by 2030 to expand at 4.0% CAGR during 2022-2030.
By end user, the Europe helicopter MRO market is bifurcated into commercial and military. The military segment held 71.5% share of Europe Helicopter MRO market in 2022, amassing US$ 5,330.07 million. It is projected to garner US$ 7,422.82 million by 2030 to expand at 4.2% CAGR during 2022-2030.
Based on country, the Europe helicopter MRO market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 33.8% share of Europe helicopter MRO market in 2022. It was assessed at US$ 2,522.22 million in 2022 and is likely to hit US$ 3,342.95 million by 2030, exhibiting a CAGR of 3.6% during 2022-2030.
Key players operating in the Europe helicopter MRO market are Heliconia France SAS, Airbus SE, Elbit Systems Ltd, Israel Aerospace Industries Ltd, and Leonardo SpA, among others.
In January 2023, The acquisition of ZF Luftfahrttechnik by Airbus Helicopters has now been finalized, as all the necessary regulatory approvals have been obtained. With over 100 years of experience in the aviation industry, the company will now operate under the name Airbus Helicopters Technik GmbH as a wholly-owned subsidiary located in Kassel-Calden. The world-leading manufacturer of dynamic components for light and medium helicopters including related services with a global customer base is also a national leader with regards to the MRO for dynamic components of military helicopters.
In November 2022, NIDV’s Exhibition Defence & Security (NEDS) Elbit Systems and Fokker Services Group signed an agreement to provide advanced, proven military flight training capabilities. Under the cooperation scheme Fokker Services Group will add its considerable MRO expertise and capacity to Elbit Systems’ comprehensive portfolio of advanced flight training solutions that can be optimised to meet domestic requirements.
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 Europe 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 Europe 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. Europe 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 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 – Europe Market Analysis
6.1 Helicopter MRO Market Revenue (US$ Million), 2022 – 2030
6.2 Helicopter MRO Market Forecast and Analysis
7. Europe 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. Europe 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. Europe 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. Europe Helicopter MRO Market – Country Analysis
10.1 Europe
10.1.1 Europe Helicopter MRO Market Overview
10.1.2 Europe Helicopter MRO Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Europe Helicopter MRO Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 Germany Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Germany Helicopter MRO Market Breakdown by Component
10.1.2.2.2 Germany Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.2.3 Germany Helicopter MRO Market Breakdown by End Users
10.1.2.3 France Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 France Helicopter MRO Market Breakdown by Component
10.1.2.3.2 France Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.3.3 France Helicopter MRO Market Breakdown by End Users
10.1.2.4 Italy Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Italy Helicopter MRO Market Breakdown by Component
10.1.2.4.2 Italy Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.4.3 Italy Helicopter MRO Market Breakdown by End Users
10.1.2.5 United Kingdom Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 United Kingdom Helicopter MRO Market Breakdown by Component
10.1.2.5.2 United Kingdom Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.5.3 United Kingdom Helicopter MRO Market Breakdown by End Users
10.1.2.6 Russian Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Russia Helicopter MRO Market Breakdown by Component
10.1.2.6.2 Russia Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.6.3 Russia Helicopter MRO Market Breakdown by End Users
10.1.2.7 Rest of Europe Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.7.1 Rest of Europe Helicopter MRO Market Breakdown by Component
10.1.2.7.2 Rest of Europe Helicopter MRO Market Breakdown by Helicopter Type
10.1.2.7.3 Rest of Europe 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 Heliconia France SAS
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 Airbus SE
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 Elbit Systems 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 Israel Aerospace Industries Ltd
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
12.5 Leonardo SpA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 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. Europe Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Germany Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. Germany Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 9. Germany Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 10. France Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. France Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 12. France Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 13. Italy Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 14. Italy Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 15. Italy Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 16. United Kingdom Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 17. United Kingdom Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 18. United Kingdom Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 19. Russia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 20. Russia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 21. Russia Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 22. Rest of Europe Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 23. Rest of Europe Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Helicopter Type
Table 24. Rest of Europe 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. Europe Helicopter MRO Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. Europe Helicopter MRO Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Germany Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. France Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Italy Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. United Kingdom Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Russian Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of Europe Helicopter MRO Market Revenue and Forecasts to 2030 (US$ Mn)
1. Heliconia France SAS
2. Airbus SE
3. Elbit Systems Ltd
4. Israel Aerospace Industries Ltd
5. Leonardo SpA
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