Honeywell Forecasts Steady Global Helicopter Demand for Next Five Years
March 01, 2015
In its 17th annual Turbine-Powered Civil Helicopter Purchasing Outlook, Honeywell expects that 4,750-–5,250 civilian-use helicopters will be delivered during 2015-2019.
Overall, five-year demand for turbine-powered, civil helicopters remains steady versus the 2014 five-year forecast, with moderate improvement in new helicopter purchase plans reported, offsetting the short-term uncertainty of large-fleet operators in the face of lower energy prices and fluctuating emerging market currencies.
The forecast estimates the five-year share of demand from the U.S. and Canada at 34%, up nearly eight points on stronger North American buying plans. When combined with Latin America, the Western Hemisphere represents 53 percent of the five-year global demand, and Europe’s share tallies 24%, with the Asia-Oceania region accounting for 14 percent, and Africa and the Middle East contributing 9%.
Operators who intend to purchase a helicopter within the next five years noted that the age of their current aircraft (which includes factors such as maintenance costs, performance erosion and safety concerns), contracted replacement cycle and warranty expiration were all key reasons for their decision. For those surveyed, make and model choices for their new aircraft are strongly influenced by range, cabin size, performance technology upgrades and brand experience.
“Near-term demand appears stable despite a pullback in 2014 deliveries and ongoing concerns with the energy sector,” said Mike Madsen, president, Defense and Space, Honeywell Aerospace. “Purchase interest for helicopters in training, tourism, firefighting and law enforcement categories is trending up, influenced by increased utilization rates and helicopter replacement cycles. Interest across these mission sectors is helping to sustain near-term demand. Looking ahead, several new platforms are scheduled to enter service over the next few years, also bolstering overall helicopter demand.”