Air crane helicopters, also known as aerial cranes or flying cranes, are specialized heavy-lift helicopters made to move bulky objects and materials to rooftop installations, utility building projects, and other locations that are attached to lengthy cables or slings. They have a load capacity of between 30,000 and 40,000 pounds. Many nations are investing in this industry since the use of air crane helicopters shortens operating times and provides prompt answers. Numerous commercial industries, such as logging, construction, heavy lifting, and firefighting, use these helicopters.
According to SPER market research, ‘Air Crane Helicopter Market Size- By Endurance, By External Load Capacity, By Application, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Air Crane Helicopter Market is predicted to reach USD 12.36 billion by 2033 with a CAGR of 8.53%.
In order to fulfil the growing demand, the oil and gas industry is moving its hunt for these resources toward deeper places. This is anticipated to lead to an increase in offshore rig counts in the upcoming years, which will fuel the offshore air-crane helicopter market. The air-crane helicopter market is anticipated to expand in the upcoming year due to the growing investment and spending in the defense sector. These advancements are anticipated to drive growth in the offshore passenger transport industry as well as related helicopter service sectors like search and rescue and offshore cargo delivery in the years to come. Additionally, there has been a change in the global energy business in recent decades toward the usage of greener energy sources, such wind. But because the recently constructed offshore wind farms are farther out from the coast, crew workers can now be transported to and from the installation sites more affordably by helicopter.
Because they are complex machinery, aerial cranes require a lot of upkeep to be used safely and efficiently. The cost of maintenance can be extremely high, especially for older versions, since new components become more expensive and difficult to find. In addition, the operation and maintenance of air crane helicopters require highly skilled pilots and technicians. The industry’s production and efficiency may be impacted by longer lead times for repairs and maintenance as well as increased training costs. Furthermore, the expense of gasoline and insurance makes operating these helicopters more expensive than using an alternative. It is projected that these problems will hinder market expansion in the forecast period i.e. 2023–2033.
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Impact of COVID-19 on Air Crane Helicopter Market
The COVID-19 epidemic has had a detrimental impact on the growth of the air crane helicopter market since it has slowed down building and infrastructure projects, which are among the industries that employ these helicopters the most. Air crane helicopter production has been affected by supply chain interruptions as a result of multiple manufacturing plants closing or operating at reduced capacity as a result of COVID-19 outbreaks. Although, demand for responding to forest fires, which raged even during lockdowns, surged. Budgets for these flying water warriors were allotted by governments, who prioritized important services.
North America is dominating the industry with market player like Sikorsky, Erickson Air-Crane at the forefront. Europe adopts a more balanced strategy, using air cranes for building as well as firefighting, with businesses specializing in heavy lifting like HiLo. China is in its growing stage in Asia Pacific because to the region’s rapid infrastructure development, while helicopters are drawn to isolated rigs in Latin America due to the region’s enormous oil and gas deposits.
Air Crane Helicopter Market Key Players:
Additionally, some of the market key players are: Air Crane Inc, Hindustan Aeronautics Limited, Kaman Corporation, Lockheed Martin Corporation, Rostec, Textron Inc, The Boeing Company including others.
Air Crane Helicopter Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Endurance: Based on the Endurance, Global Air Crane Helicopter Market is segmented as; Up to 15000 Feet, above 15000 Feet.
By External Load Capacity: Based on the External Load Capacity, Global Air Crane Helicopter Market is segmented as; Up to 10,000 Pounds, 10,000 to 20,000 Pounds, Above 20,000 Pounds.
By Application: Based on the Application, Global Air Crane Helicopter Market is segmented as; Power Line Construction, Aerial Firefighting, Oil & Gas, Logistics Operations, Others.
By End-User: Based on the End-User, Global Air Crane Helicopter Market is segmented as; civil & Commercial, Military.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Air Crane Helicopter Market Business Challenges
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