Owing to benefits such as critical control over the rotor blades, high precision control over the pitch of the blades, improved direction of flight of the aircraft, considerable weight to rotor system, reduced risk, the helicopter swashplate is experiencing rapid adoption thus fostering progress in global helicopter swashplate market.
Covid-19 Impact & Market Status
The covid-19 led complete and partial lockdowns both impacted the demand and supply side of the manufacturing fuel flaps sector of the global swashplate market. The demand side was impacted due to reduced disposable incomes, reduced mobility, financial issues leading to downturn in economic activities. Furthermore, the supply side was impacted due to shortage of raw material supply, labor shortages, mobility restrictions, and shutdown of manufacturing operations of swashplates heavily impacting the global swashplate market. However, for market fortification and sustenance, manufacturers sought alternative strategies steadily improving the overall market performance of global swashplate market. Furthermore, the subsequent gradual reopening of the economy helped global swashplate market regain momentum.
This global swashplate market investigates the latest market trends and market determinants. The productivity of the global swashplate market is studied by categorizing the market into segments. The main components of the helicopter swashplate industry are studied in the report and with comparative study thereof. A detailed analysis of the global swashplate market is done with future market forecasts and current financial details of the global swashplate market.
Rotating Helicopter Swashplate Type to Emerge as the Most Lucrative Segment
The global swashplate market is classified into stationary and rotating base on Type. Among these, the rotating helicopter swashplate segment is experiencing rapid adoption and is poised for substantial market growth in global swashplate market owing to multiple factors like critical control over the rotor blades, high precision control over the pitch of the blades, improved direction of flight of the aircraft, considerable weight to rotor system, reduced risk.
Utility Helicopter Field to Remain Atop
The global swashplate market is classified into small-scale unmanned helicopter, attack helicopter, utility helicopter, maritime helicopter, and others based on Helicopter Type. Among these, the utility helicopter accounted for maximum market growth and may record expansive growth forecast period. The key factors like multi-purpose use of utility helicopters like casualty evacuation, lifting troops, command and control, logistics, casualty evacuation or other armed activities have increased the demand for utility helicopters in maritime, military, air force and for other purposes thus increasing its share in global helicopter swashplate market.
Aftermarket Sales Channel to Ensure Revenue Maximization
The global swashplate market is classified into OEM and aftermarket based on Sales Channel. The Aftermarket Sales Channel recorded maximum market share.
Military & Defense Segment to Ensure Revenue Maximization
The global swashplate market is classified into commercial, military & defense, rescue, and others based on End User. Among these, the , military & defense segment held the largest share in 2020 and is expected to record good growth in forecast years due to rising military, defense, Air Force, and maritime investment, rising military helicopter tenders, incorporation of modernized helicopters to meet the needs of armed forces of several countries across the globe.
North American Region to Render Ample Investment Avenues
Based on regional performance and segmentation, the North American region is likely to garner the lion's share of revenues in the forecast years in global helicopter swashplate market. This is evident from the rapid industrial, commercial, and defense applications of helicopter swashplate by countries such as the US and Canada.
The ever-changing security norms and continuously advancing technology is resulting into countless changes in the design and features of the helicopter swashplate and increased demand propelling the global helicopter swashplate market. Furthermore, the countries leapfrogging several standards and jumping to the most strict and robust norms for safeguarding nation from rivals, countries pursuing partnership initiatives with domestic and multinational companies, and launches of next generation helicopters, the North American region in global swashplate market is witnessing growth and see tremendous change in near future. Following suit the European market is also emerging as a lucrative region based on similar market dynamics. Moreover, in the forecast years, the Asia Pacific region is also likely to emerge as a significant region backed by intense developments across emerging countries such as China and India.
The need to acquire critical control over the rotor blades in a helicopter rotor system and the developments of helicopters faster, more versatile, and more efficient than their earlier counterparts has accentuated the reliance on helicopter swashplate.
Rapid end-use applications such as commercial, military & defense, rescue, and other helicopters are fostering remarkable progress in global helicopter swashplate market.
Advantages such as superlative precision and control over flight direction of aircraft, better flight control, increased aircraft performance, reliability, ease of operation, less vibration encourage further adoption of helicopter swashplate. These factors collectively influence thumping growth of global helicopter swashplate market, ensuring an overall market size of USD 69.20 billion with an annual growth rate of 4.1% through the forecast period.
The helicopter swashplate are uniquely designed device to control helicopter flight in motion of the main rotor blade. The helicopter swashplate consists of stationary and rotating plates separated by ball bearings. The mechanism allows the swashplate to tilt in one direction and move vertically as one unit. It enables cyclic and collective controls of the helicopter swashplate. Helicopter swashplate is thus used in various helicopters for better directional control.
The factors such as rising military & defense investment for strengthening military capability, design and development of robust, fast & flexible aircrafts, increasing usage of helicopters for commercial and private application besides defense applications, helicopters facilitating medical emergencies in distant places, and rising offshore activities has increased integration of advanced and reliable systems leading to superlative growth of global helicopter swashplate market.
However, significant costs, high maintenance, high fare of air travel is impacting the demand for helicopters thereby hampering the global helicopter swashplate market. Furthermore, high disposable incomes, increasing expensive leisure activities, booming defense infrastructure development, rise in R&D for inventing new designs, fast, and flexible helicopters are anticipated to be growth opportunity to the global helicopter swashplate market.
The major players in global helicopter swashplate market are Bell Textron, Bell Helicopters, The Boeing Company, SKF, Lockhead Martin Corporation, KAMAN CORPORATION, Hindustan Aeronautics Limited, Eagle Technologies, Ducommun Incorporated, and Carson Helicopters among others. These manufacturers own the world’s largest share in global helicopter swashplate market. These manufacturers play an active role in developing helicopter swashplate for commercial, business, and defense aviation segments. The companies with highly teamed professionals provide full suite of services and support from spares & logistics, technical assistance, maintenance, training, and retrofits to customization to the regional and international customers. The market players for market fortification are undertaking several M&A, and R&D activities and expansions thereby accelerating their market share and market performance in global helicopter swashplate market.
Latest innovations: a Snapshot
- HyperQ by the UTS Tech Lab is currently working on a new project to test the latest technological feasibilities in the helicopter swashplate market to ensure the fastest and the most efficient range of helicopters for HyperQ Aerospace.
Helicopter Swashplate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 69.20 billion|
|Growth Rate||CAGR of 4.1% during 2021-2028|
|Segment Covered||Type, Helicopter Type, Sales Channel, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Bell Textron, Bell Helicopters, The Boeing Company, SKF, Lockhead Martin Corporation, KAMAN CORPORATION, Hindustan Aeronautics Limited, Eagle Technologies, Ducommun Incorporated, and Carson Helicopters among others.|
Key Segments of the Global Helicopter Swashplate Market
Type Overview, 2018-2028 (USD Billion)
Helicopter Type Overview, 2018-2028 (USD Billion)
- Small-scale unmanned helicopter
- Attack helicopter
- Utility helicopter
- Maritime helicopter
Sales Channel Overview, 2018-2028 (USD Billion)
End User Overview, 2018-2028 (USD Billion)
- Military & defense
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa