What Happened
Global Demand Drives Growth in Military and Emergency Services
The utility helicopter market is expected to grow significantly, driven by increasing demand from military, government, and emergency services. The market is projected to reach $11.6 billion by 2030, with a compound annual growth rate of 6.9%. North America currently holds the largest market share, but the Asia-Pacific region is expected to emerge as the fastest-growing region. According to The Business Research Company, the market’s growth is driven by the need for versatile and adaptable aircraft, as well as the expansion of defense modernization programs.