The rescue hoist system market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of USD 845 million by 2033, while the market is likely to reach a value of USD 581.9 million in 2023.
Hoist systems are renowned for being used in emergency and disaster rescue missions around the globe. Defense, utility operators, homeland security, coast guards, training schools, and aerial crane service providers, among others, use rescue hoist systems on helicopters.
A significant share of hoist systems is deployed in combat helicopters. Rising defense spending in the South Asia & Pacific region, primarily due to security as well as geopolitical issues, may create new opportunities for market players in the region. South Asia & Pacific rescue hoist system market is estimated to witness a CAGR of 5.1% throughout the forecast period (2023 to 2033).
Sales of hoist systems are expected to rise with increasing cases of natural disasters that often strike the land and sea. These disasters further lead to surging loss of property and human life across the globe. These factors are anticipated to create a lucrative potential for global rescue hoist system participants.
To this, demand for hoist systems is rising on account of significant growth in the use of emergency rescue and response operations by disaster response and rescue assistance groups around the world. The market holds around 3 to 8% of the share of the global hoist system market.
| Attribute | Details |
|---|---|
| Rescue Hoist System Market CAGR (2023 to 2033) | 3.8% |
| Rescue Hoist System Market Size (2023) | USD 581.9 million |
| Rescue Hoist System Market Size (2033) | USD 845 million |
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From 2018 to 2022, the rescue hoist system market witnessed a 2.1% CAGR and is estimated to foresee a Y-O-Y growth of 3.4% in 2022. Increased offshore utility operations, high defense spending, and rising cases of natural disasters are set to result in an upward trend in 2022.
Since they were initially used in the 1940s, the design of helicopter hoist systems has evolved, thereby becoming more powerful and dependable. A hoist rescue system is bifurcated into two types based on its drive mechanism, namely, hydraulic and electric, that winds a cable around a drum and includes a braking system.
Over the past 50 years, the general design of rescue hoists has undergone very little change. The Federal Aviation Administration (FAA) changed the Parts 27 and 29 standards for human external cargo in 1999, which was the most significant change the sector has ever seen in the last century. But today, as the FAA shortly adopts new guidelines devised by helicopter and hoist manufacturers to increase safety and satisfy the increasing requirements of rescue hoist operators and regulators, the industry is expecting to go through significant changes in terms of market dynamics.
For instance, to cope with the changing business environment in the global market, Collins Aerospace, a prominent manufacturer, has developed a new rescue hoist called Pegasus, which provides operators with enhanced functionality and maintenance. This new hoist may simplify maintenance by removing the need for specialized tools, incorporating a lighter & more ergonomic control pendant, and simplifying integration into the rotorcraft.
Rising Popularity of Helicopter Emergency Medical Services
Rescue hoists are frequently employed in both the military and private sectors for a variety of purposes. The market is growing as a result of increased utilization of these hoists in applications, including search & rescue and emergency medical services. Hoists are mainly used for a wide range of tasks, such as moving patients, equipment, and people from one place to another in case of emergency.
Also, the growth in helicopter emergency medical (HEM) services for emergency and rescue operations, particularly in countries like Germany and the United States, which have developed efficient rotorcraft fleets for emergency services, is set to impact the global rescue hoist system market positively.
Increasing Offshore Oil Production Activities
The utility sector has been witnessing tremendous growth in the last few years, particularly in the field of offshore wind turbines. Helicopters are needed for their maintenance, repair, and overhaul (MRO) services, which require a hoist system. The global offshore wind turbine capacity is expected to reach more than 600 gigawatts by 2050, up from 40 gigawatts in 2020. Thus, growing offshore oil production and high demand for new offshore renewable energy sources are anticipated to create lucrative opportunities for key players present in the global market.
Principal Consultant
| Countries | Revenue Share % (2022) |
|---|---|
| United States | 29.6% |
| Germany | 11.1% |
| Japan | 3.8% |
| Australia | 1.2% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 4.3% |
| India | 4.4% |
| United Kingdom | 3.4% |
India Being a Disaster-prone Country to Boost Sales of Rescue Hoist Helicopters
India is one of the key defense superpowers in the Asia Pacific region, and defense remains one of the prominent end users of the market. Expansion of the defense sector is anticipated to create lucrative opportunities for key players in the Indian market. The country is anticipated to record a CAGR of 4.4% in the forecast period, says FMI.
An increase in natural disasters in India is also expected to drive the market. As per Unicef India, it is among the world's most disaster-prone countries, with seven union territories and 27 of its 29 states exposed to recurrent natural hazards, including droughts, cyclones, floods, landslides, and earthquakes.
It is further set to compel the government to invest more in helicopter emergency medical services to improve the country's emergency response time. Spurred by the aforementioned factors, the India rescue hoist system market is set to grow rapidly in the evaluation period.
Presence of Active Helicopter Fleets in the United States to Spur Demand for Hoist Systems
The United States accounted for around 29.6% of the North America rescue hoist system market in 2022, says FMI. During the projection period, the country is anticipated to lead the North American rescue hoist system market.
According to estimates, the United States' defense expenditure is set to grow from USD 730 million in 2021 to over USD 900 million in 2030. Also, the country has 5434 active fleets of combat helicopters and 2,766 active fleets of other helicopters. A growth in training schools, aerial crane services, and emergency services is likely to bode well for the market.
Key Agencies in China to Deploy Rescue Hoist Helicopters
China is expected to create an incremental opportunity of more than USD 21.5 million in the coming decade. Two helicopters on average per million people are deemed appropriate in Europe, and the United States China owns just a few dedicated HEM services despite having a population of 1.4 million people.
The country has witnessed the ease of its militarily governed airspace since 2014. As a result, the deployment of helicopters in specialized segments has increased. Beijing 999 Emergency Rescue Center, whose operations were growing in China, purchased an H145 in 2017 to expand its fleet of two H135s and one H145. This has resulted in a significant increase in the fleet of helicopters with rescue hoist systems in China.
| Category | By Capacity Type |
|---|---|
| Leading Segment | 0.15 to 0.5 Tons |
| Market Share (2022) | 66.2% |
| Category | By End User |
|---|---|
| Leading Segment | Defense |
| Market Share (2022) | 34.2% |
Hoist Manuals of a Capacity of 0.15 to 0.5 Tons to Gain Traction
By capacity, the 0.15 to 0.5 tons segment is expected to dominate the rescue hoist system market throughout the forecast period. The segment accounted for more than 66.2% in 2022, says FMI. Rescue hoists of this capacity are widely accepted among different end users like defense, utility operations, and emergency services, which is projected to drive the segment.
Rescue Winch Systems are Gaining Popularity in the Defense Industry
According to FMI, the defense segment is anticipated to remain dominant throughout the forecast period. The segment is set to record a CAGR of 3.3% from 2023 to 2033 and holds a market share of 34.2% in 2022.
Defense accounts for a prominent share of the global helicopter fleet. Combat helicopters also have a comparatively higher usage rate of hoist systems than other helicopters. The defense sector accounts for a prominent share of the global rescue hoist system market.
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Market leaders like Collins Aerospace, Breeze-Eastern, VINCORION, and others are focusing on providing rescue hoists with upgraded features in accordance with the changing regulatory environment. Some other companies focus on building strong relationships with key military forces to gain long-term supply contracts.
For instance
Innovation is the Key to Saving Lives and Bolster Safety: OAMTC, Breeze Airways, and Collins Aerospace Invest in Research and Development
The market in 2023 is valued at USD 581.9 million.
The market will reach USD 845 million by 2033.
The market will register a 3.8% CAGR until 2033.
From 2018 to 2022, the market expanded at a 2.1% CAGR.
Collins Aerospace, Breeze-Eastern, VINCORION are some key players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive Mechanism 5.1. Electric 5.2. Hydraulic 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Chain 6.2. Cable 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. First Fit 7.2. Retro Fit 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 8.1. Up to 0.15 tons 8.2. 0.15 to 0.5 tons 8.3. 0.5 to 1 tons 8.4. More than 1 tons 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Defense 9.2. Utility Operations 9.3. Homeland Security 9.4. Emergency Services 9.5. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Air Rescue Systems 20.2. Breeze-Eastern 20.3. Collins Aerospace 20.4. Lifesaving Systems 20.5. Standcore 20.6. Survival Systems Limited 20.7. VICTORIAN 20.8. Zephyr International 20.9. VINCORIAN 20.10. Sika Interplant Systems Limited 21. Assumptions & Acronyms Used 22. Research Methodology
Industrial Automation
August 2023
REP-GB-6972
333 pages
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Rescue Hoist System Market
