30 March 2020
Visiongain has launched a new aviation report Gyrocopter Market Report 2020-2030: Forecasts by Type (Open Cockpit, Enclosed Cockpit), by Application (Civil Use, Military Use), PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Gyrocopter market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the increasing use of gyrocopter in recreational and sport activities, rise in gyrocopter usage for detection of fires in forest, and also increase in the Aerial photography and filming. However, implications on licensing and oversight, less efficiency in terms of fuels vs speed may pose as market restraints. The Gyrocopter market can be segmented based on Type, Application, and region.
The highly-qualified nature of the global gyrocopters market accounts for the clear dominance of well-entrenched players that operate in international markets. By Application, usage of gyrocopter in military is leading market share and the segment is expected to maintain its lead over the forecast period. North America is expected to witness the fastest growth during the forecast period due to availability of multiple local players.
Also Gyrocopters are easy to transport and set up quickly and require minimal storage space in a hangar or on a trailer. In terms of money, a modern Gyrocopter costs around 10% of the purchase and operating costs of a helicopter but it can perform around 90% of the helicopter’s applications.
Gyrocopters, built to higher quality standards than ever before, are starting to gain traction in the US among private pilots, thanks to a recent FAA rule change that increases their usability in American airspace. That lets European manufacturers, including Italy-based Magni Gyro and Germany’s Autogyro, import their modern, often carbon composite aircraft into the country.
For instance, Gyrox Aviation, the Gurgaon based company which plans to assemble gyroplanes in India from original equipment sourced from Poland’s Celier Aviation, is also eyeing paramilitary forces, state police forces and local government officials for surveillance along the border and other areas in the country.
Key players such as Apollo Aircrafts, Autogyro Gmbh , Aviation Artur Trendak , Aviomania Aircraft , Carpenterie Pagotto are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Few of other companies operating in the market include Magni Gyro, Ela Aviation, Trixy Aviation, Celier Aviation, Sport Copter, Rotorvox, Niki Rotor Aviation.
These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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