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The global helicopter market share is expected to showcase exponential growth by reaching USD 69.20 billion by 2028 while exhibiting a CAGR of 4.1% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Helicopter Market Size, Share & COVID-19 Impact Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security, Others), By System (Airframe, Engine, Avionics, Landing Gear System), By Weight (Light Weight, Medium Weight, and Heavy Weight), Point of Sale (OEM and Aftermarket), and Regional Forecast, 2021-2028.” The report further mentions that the market stood at USD 50.42 billion in 2020. The growing adoption of a single-engine operative mode to save fuel is expected to favor the product’s demand during the forecast period. Moreover, the increasing demand for advanced technologies in the production of the machines will drive the growth of the market.

Mohit Patil

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