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Honeywell Forecasts 3,900 To 4,400 Global Helicopter Deliveries Over Next Five Years

- New helicopter purchase-plan rates lower than the 2016 survey

- All regions have lower new helicopter purchase plans in the 2017 survey

- Increased interest in light single-engine and medium twin-engine helicopters in this year's survey

- Highest purchase-plan rates from corporate and law enforcement segments


News provided by

Honeywell

Mar 06, 2017, 08:00 ET

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DALLAS, March 6, 2017 /PRNewswire/ -- Impacted by a slow global economic growth environment and volatility in oil and gas-related markets, the helicopter industry is reacting with a cautious outlook for near-term new purchases. In its 19th annual "Turbine-Powered Civil Helicopter Purchase Outlook," Honeywell (NYSE: HON) forecasts 3,900 to 4,400 civilian-use helicopters will be delivered from 2017 to 2021, roughly 400 helicopters lower than the 2016 five-year forecast.

Honeywell Aerospace 19th Annual Helicopter Purchase Outlook Infographic
Honeywell Aerospace 19th Annual Helicopter Purchase Outlook Infographic

"The current global economic situation is causing fleet managers to evaluate new helicopter purchases closely, and that's why we're seeing a more cautious five-year demand projection compared with previous years," said Ben Driggs, president, Americas, Honeywell Aerospace. "Even in a slow growth environment, Honeywell is well-positioned to help operators keep current fleets lasting longer with aftermarket upgrades and repairs."

Key global findings in the outlook include:

  • The survey showed new purchase-plan rates were lower for the next five years, for all regions, leading to a more cautious near-term outlook.
  • When considering a new purchase, operators' results mirrored those from last year, with make and model choices for their new aircraft most strongly influenced by range, cabin size, performance, technology upgrades and brand experience.
  • Helicopter fleet utilization in the past 12 months generally increased compared with last year. Over the next 12 months, usage rates are expected to improve significantly in North America and Latin America, but at a reduced rate in Europe.

Regional Overview
Latin America: The 2017 results show lower fleet replacement and growth expectations compared with 2016 results. Still above the world average, the purchase plans have declined more than 13 percent compared with the prior year.

  • Latin America led all global regions in the rate of new aircraft purchase plans, but is down year over year and impacted by weak economic performance in Brazil and Venezuela.
  • Latin American respondents currently favor light single-engine models, representing almost 60 percent of their planned acquisitions, followed by intermediate and medium twin-engine platforms.

Middle East and Africa: The region has the second-highest new purchase rate among the regions, with up to 22 percent of respondent fleets slated for turnover with a new helicopter replacement or addition. However, purchase plans are 8 percent lower compared with 2016 survey results.

  • Close to 80 percent of planned new helicopter purchases are intermediate and medium twin- engine models.
  • Light single-engine models are the second-highest-mentioned platform in the survey by operators.

North America: Purchase expectations fell by more than 2 percent in this year's survey. The purchase plans are down for a second year since 2015.

  • More than 75 percent of planned North American purchases were identified as light single-engine models, while just under 13 percent of new purchases were slated as intermediate or medium twin-engine models.
  • North American purchase plans are a significant component of the overall 2017 survey demand, as the region represents more than 40 percent of the current world fleet.

Europe: Purchase plans decreased by more than 3 percent in this year's survey, down for a second year in a row.

  • The sample of Russian operators responding in the 2017 survey remains small, which continues to add some uncertainty to the overall European results.
  • Excluding heavy-twin helicopters, European purchase intentions currently tend to favor all classes in nearly equal shares this year.

Asia Pacific: Despite solid results from these nations, overall buying plans slipped about 1 percent. Operator purchase plans continued to drift slightly lower compared with the past few years in the 2017 results.

  • APAC operators tended to focus more on corporate and oil and gas end uses for their new purchase plans, and consequently, intermediate and medium twin-engine helicopters were the most popular models in their new aircraft plans.
  • India held fairly steady year over year based on very small sample input.
  • There are a number of countries contributing more relative and absolute new helicopter purchase plans in the region, including China, Australia, South Korea, Japan and Malaysia.

BRIC countries (Brazil, Russia, India and China): Purchase plans are lower for all countries except Russia in this year's survey. Overall, BRIC plans are down more than 11 percent compared with 2016 results.

  • Brazilian purchase plans are down significantly, by almost 20 percent in 2017, reflecting the impact of the economic recession in the country.
  • Small sample sizes in Russia and India make it difficult to draw conclusions.
  • Planned Chinese purchase rates slipped, reflecting near-term slower economic growth prospects.

Methodology
The 2017 outlook presents a snapshot of the helicopter business at a point in time and reflects the current business and political environment. This year's survey queried more than 1,000 chief pilots and flight department managers of companies operating 3,746 turbine and 362 piston helicopters worldwide. The survey excluded large fleet or "mega" operators, which were addressed separately. Input received from large oil and gas support and emergency medical service fleet operators is factored into the overall outlook in addition to the individual flight department responses. The survey detailed the types of aircraft operated and assessed specific plans to replace or add to the fleet with new aircraft.

Supporting Resources

  • Read more about Honeywell's helicopter offerings
  • Read more about Honeywell Aerospace on the Follow The Aero blog
  • Like Honeywell Aerospace on Facebook
  • Follow @Honeywell_Aero on Twitter

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally.  Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.  For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

SOURCE Honeywell

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