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Helicopter Demand Up Worldwide For Next Five Years

Relatively lower levels of planned purchases were concentrated in 2016, leading to the expectation that these plans could strengthen materially over the next few years should political and general economic conditions improve as projected.

Higher purchase plans were found across the board in all regions this year. Purchase plans in major U.S and European centers of demand rose this year by 3 and 7 points, respectively. All other regions also improved moderately compared with 2012, and their purchase plans remain above the world average rate. Specific purchase plans just for 2013 remain strong and improved over levels reported in the 2012 survey. The expectation for new aircraft orders in 2013 is up over 30 percent compared with 2012 levels, suggesting the recovery will maintain momentum this year.

Global five-year demand for new turbine-powered helicopters is split almost 50-50 between the Americas and the rest of the world. Latin America and Asia continue to have the highest fleet replacement and expansion expectations among the regions. In terms of projected regional demand for new helicopters, Latin America and Asia remain in close competition to claim the world's third largest regional market, following North America and Europe.

"Honeywell is well positioned to support the growth the industry expects during the next five years," Sill said. "Honeywell's propulsion, safety, mapping and communications technologies and services help helicopter operators control their costs and enhance efficiency and safety. Our turboshaft engines for light- and medium-lift commercial helicopters provide high power, reliability, fuel efficiency and safety for operators at a competitive price. Our safety products, designed to provide a three-dimensional sphere of detection ranging from the working components of the helicopter out to more than 40 nautical miles, enable operators to expand the flight operation of their aircraft to meet the growing demands of their businesses."

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