Aviation International News reports that a new report from consultancy Markets and Markets “predicts a 6.1 percent annual growth rate for the world helicopter market between 2022 and 2027, forecasting a rise in total value to $41.2 billion from the current $31.9 billion in 2023.” The consultancy “cites several factors for the growth including increased demand for military helicopters, air ambulances, law enforcement aircraft, and increased transport needs for oil and gas operations.” It also believes that the “development of unmanned helicopters, hybrid-electric propulsion systems, and advanced avionics” will create “significant market opportunities.” Other reasons for the growth “include the replacement of aged military stock, expansion of emerging country economies and the enhancement of the national defenses, and the development of next-generation aircraft including tiltrotors and compound helicopters.”
Full Story (Aviation International News)
Tag: to grow
FBO Market Expected to Grow to $41.4B by 2031
Flying Magazine reports, “The market for FBOs—the companies that handle services at airports like fueling, hangaring, and aircraft maintenance—is set to grow at a “healthy” rate over the next several years, according to a new report. Market research firm The Insight Partners predicts the fixed base operator market will expand from $25.5 billion in 2024 to $41.4 billion by 2031. Analysts attributed the forecasted gains to a more dynamic business travel environment and demand from established and emerging regions, especially North America, Europe, and Asia.”
Full Story (Flying Magazine)
Bombardier to Expand Private Jet Aftermarket Service Across U.S.
Reuters reports, “Bombardier said on Thursday it would expand existing service centers and likely open new ones in the United States to drive higher revenues, as the Canadian business jet maker meets higher customer demand for its aftermarket care. The expansion is expected to roll out over the coming years and will focus on both regions where the company currently operates as well as new ones, Bombardier said in a statement, without disclosing the names of the areas.”
Full Story (Reuters)
Executive Order Aims to Advance Space Industry by Reducing Environmental Regulation
Defense One reports, “The U.S. government must reduce environmental and other regulations to make it easier for commercial space companies to launch rockets, expand launch facilities, and perform “novel” space activities, according to a new executive order. “It is the policy of the United States to enhance American greatness in space by enabling a competitive launch marketplace and substantially increasing commercial space launch cadence and novel space activities by 2030,” says the order, signed Wednesday by President Donald Trump.”
Full Story (Defense One)