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Honeywell releases global helicopter market forecast
Heli-Expo 2018 © Leonardo

Honeywell releases global helicopter market forecast

The company forecasts 4,000 new civil helicopter deliveries over next five years, slightly down from the previous year's survey.

In its 21st annual “Turbine-Powered Civil Helicopter Purchase Outlook,” Honeywell forecasts 4,000 new civilian-use helicopters will be delivered from 2019 to 2023, marginally lower than the 4,200 cited in last year's five-year forecast.

Purchase plans in North America have risen by five percentage points over a year ago, with 18% of respondents saying they would either replace or expand their fleet with a new helicopter over the next five years. Close to 65% of planned North American purchases were identified as light single-engine models, while roughly 22% of new planned purchases were for intermediate and medium-twin product classes.

Compared with 2018 results, European purchase plans were lower in this year’s survey. Nearly 15% of respondents said they would either replace or expand their fleet with a new helicopter over the next five years. The figure was 22% a year ago. Intermediate and medium twin-engine classes captured roughly 30% of total mentions for new helicopters. Meanwhile, 25% of respondents indicated plans to purchase light single-engine helicopters, down 12 percentage points from last year.

Middle East and Africa had the second highest new purchase rate globally, with 15% of respondents’ fleets expected to get a new helicopter replacement or addition. Purchase plans were 5 percentage points higher compared with 2018 survey results. Close to 70% of planned new helicopter purchases were medium twin-engine models. Light single-engine models were the second-highest mentioned product class in the survey by operators.

Overall buying plans in the Asia-Pacific region were down 5 percentage points when compared with 2018. Close to 13% of respondents said they would either replace or expand their fleet with a new helicopter over the next five years. Light single-engine and medium twin-engine helicopters were the most popular classes, both capturing near 30% of mentions for new helicopters.

Despite limited inputs, new helicopter purchase plans were stable in China, showing that about 21% of the fleet would be replaced or expanded by a new helicopter over the next five years. Plans were up by about 10 percentage points in India.

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