Commercial

Honeywell Five-Year Forecast of Civil Helicopter Market Dips

By Frank Wolfe | March 4, 2019
Send Feedback | @fwolfe18

Last October, Airbus delivered two Helionix-equipped H135s in police configuration to Brazil's Ciopaer. (Airbus photo)

Honeywell's 21st annual “Turbine-Powered Civil Helicopter Purchase Outlook" projects that the five-year civil helicopter market will dip from the 4,200 helicopters cited last year to 4,000 for the time period 2019 to 2023.

Heath Patrick, the president of Honeywell Aerospace's Americas Aftermarket, said that "despite positive impacts of U.S. tax reform on new helicopter purchase plans in North America, an inconsistent economic outlook for international markets has resulted in lower purchase plans worldwide from fleet managers when compared with a year ago."

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While 20 percent of survey respondents in North America said that their helicopter fleet utilization is expected to increase over the next year, respondents in other regions reported lower numbers, and overall 14 percent of global respondents said that their utilization rates would go up.

Demand for future buys of law enforcement and oil and gas helicopters was strong, according to this year’s survey, but corporate demand lagged.

In addition, the 2019 Honeywell survey indicated a greater proportion of planned buys of intermediate/medium twin-engine models than last year.

Honeywell said that despite respondents having a more pessimistic view of the global economic outlook this year than in 2018, new helicopters would support an expected 3 to 4 percent annual growth rate in overall deliveries and that the helicopter market is poised for "moderate growth."

In North America — home to 40 percent of the world's rotor craft fleet, 18 percent of respondents to this year's Honeywell survey said that they would buy a new helicopter over the next five years--five percentage points higher than last year. In the Middle East and Africa, 15 percent of respondents said that they would buy a new helicopter in the next five years — 5 percentage points higher than last year.

In other regions, demand dropped from last year's survey. In Latin America, 9 percent of respondents said that they would buy a new helicopter in the next five years--26 percentage points lower than last year; in Europe, 15 percent — 7 percentage points lower than last year; in the Asia Pacific region, 13 percent — 5 percentage points lower than last year.

 

 

 

 

 

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