Monday, November 2, 2015
Airbus Sees Slow, Steady Global Market Growth
Airbus Helicopters sees in the next two decades the global helicopter market sustaining the slow and steady growth that has fueled its expansion since 1994. A new forecast by the manufacturer projects a 1.6% compound annual growth rate (CAGR) globally from last year through 2024, with that rate increasing to 2.1% for the period between 2024 and 2034. (Those projected rates compare to actual ones of 2.4% CAGR from 1994—shortly after the air ambulance sector began to develop—to 2004 and 2.7% for 2004 to 2014.) Such future growth would produce a roughly 50% increase in the global civil helicopter fleet over the next 20 years. Growth through 2024 would be the result of demand for replacement helicopters in North America and for new ones in Asia, the manufacturer said.