Following the Helicopter Association International’s Heli-Expo on January 27 to 30, 2020, in Anaheim, California, Honeywell has released its latest Helicopter Purchase Outlook, in which operators are interviewed for their projected buying plans over the next 1 to 5 years. The survey, which collects information from more than 1,000 operators worldwide, is in its 22nd year.
Honeywell Releases 2020 Helicopter Purchase Outlook
Key Takeaways:
- Honeywell's 22nd Helicopter Purchase Outlook forecasts approximately 4,100 new helicopter deliveries between 2020 and 2024, with over half expected in the near term (2020-2022).
- Fleet replacement and expansion rates show a conservative outlook in North America (down to 29%) and the Middle East/Africa (5%), but higher expectations in Europe and Latin America.
- Helicopter utilization increased by 12 percent from 2018 to 2019, with further upward movement predicted for 2020 in both the EU and North America.
- Brand loyalty remains a critical factor for operators, with 88 percent citing it as a primary driver for future helicopter purchases.
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