Gyrocopters Market Size, Share, Trends, Growth 2030

Gyrocopters Industry Prospective:

The global gyrocopters market size was worth around USD 60.47 million in 2022 and is predicted to grow to around USD 80.02 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.64% between 2023 and 2030.

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Gyrocopters Market: Overview

A gyrocopter appears like a small helicopter. However, the main difference between a helicopter and a gyrocopter is that the latter is equipped with a self-propelling rotor and does not use an engine for flying, unlike a traditional helicopter. The rotors in gyrocopters auto-rotate facilitated by the way in which air flows through them. The main advantage of a gyrocopter is that it is considered the safest method of flying since the rotor is not connected to an engine for propulsion thus preventing any accidents that may arise due to engine malfunction mid-flight. Compared to other flying machines, gyrocopters can fly at a lower altitude and a slower pace. They are also capable of flying in weather conditions that other flying machines may not survive thus expanding product applications. Experts claim that these machines are the future of the aviation industry with the increasing research and innovation leading to more improvements in modern gyrocopters. During the forecast period, the sectors dealing in the production and distribution of gyrocopters can expect high demand.

Key Insights:

• As per the analysis shared by our research analyst, the global gyrocopters market is estimated to grow annually at a CAGR of around 3.64% over the forecast period (2023-2030)
• In terms of revenue, the global gyrocopters market size was valued at around USD 60.47 million in 2022 and is projected to reach USD 80.02 million, by 2030.
• The gyrocopters market is projected to grow at a significant rate due to the growing research and development to improve machine application
• Based on application segmentation, aviation was predicted to show maximum market share in the year 2022
• Based on component segmentation, the engine was the leading segment in 2022
• On the basis of region, Europe was the leading revenue generator in 2022

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Gyrocopters Market: Growth Drivers

Growing research and development to improve machine applications may drive market growth

The global gyrocopters market is projected to grow owing to the increasing research, development, and advancements made with the aim to improve machine performance. Companies dealing in the market are experimenting with new technologies and materials for manufacturing superior-grade gyrocopters. For instance, most machines were initially produced using a metal chassis. However, the thriving carbon fiber industry has gained the attention of gyrocopter manufacturers such as Xenon. The company manufactures these machines using the latest carbon fiber technologies mimicking the protective shell of a Formula 1 racing car. Other attributes of gyrocopters witnessing rapid change include the installation of new and improved communication systems, radar technology, and global positioning navigation systems.

Rising agriculture-based applications may fuel market growth

The growing investments in the agriculture sector as a direct result of mounting pressure on the food & beverages industry along with growing food demand caused by an increasing population rate has led to a higher scope of adoption of modern systems that can tackle and manage current issues in agricultural settings. Agriculture-oriented gyrocopters provide much-needed assistance to farmers in managing large agricultural land. Studies have shown that using agriculture gyrocopters will allow farmers to reduce fertilization costs. For instance, the AGRO system, a gyrocopter tailored to meet agricultural requirements, was recently fitted with the organic biological mixture for spraying as pest control. The equipment was useful in minimizing damage caused by heavy vehicles on agricultural land.

Gyrocopters Market: Restraints

High cost of the device to restrict the market growth

The global gyrocopters industry is expected to be restricted due to the high cost of these flying machines. For instance, as per research, the expense associated with gyrocopters may range between USD 25000 to USD 150,000 depending on product features and function. Furthermore, maintenance and fueling expenses may further raise questions over machine cost-efficiency. In addition to this, gyrocopters are not suited for high-altitude applications since the vacuum instruments are vulnerable to rotor deceleration in case of drop in vacuum pressure leading to limited machine use.

Gyrocopters Market: Opportunities

Surging gyrocopter options in the commercial market to foster growth opportunities

The global gyrocopter market revenue is projected to reach new heights owing to the increasing availability of new and advanced gyrocopters. This leads to every end-user vertical finding some product in the market that best meets their specific requirements. For instance, in June 2023, Niki Rotor Aviation, a Bulgarian manufacturer of gyrocopters, announced its plan to expand its business by investing in carbon components along with higher assembly capacity in the coming 3 years. The company currently sells around 16 flying machines every year and by 2026 it plans to reach over 50 gyrocopters. Niki Roto will be investing in producing carbon components in-house. Other factors that could open new doors for higher revenue include the rising use of gyrocopters for recreational purposes, increasing investments in gyrocopter training facilities, and surging applications in military segments.

Gyrocopters Market: Challenges

Competition from alternate flying devices to create challenges against growth

The gyrocopter industry is projected to face challenges against its growth trend owing to the intense competition that the industry players face from manufacturers and providers of alternate flying systems such as drones, helicopters, unmanned aerial vehicles, and flying motorbikes. In addition to this, using gyrocopters may require the end-user to learn flying and gain necessary certifications which may discourage potential customers from investing in the device. The lack of a regulatory ecosystem concerning the use of gyrocopters along with the lack of efficient infrastructure supporting its applications may lead to more loss of revenue.

Gyrocopters Market: Segmentation

The global gyrocopters market is segmented based on application, component, and region.

Based on application, the global market segments are entertainment, agriculture, defense, law enforcement, aviation, and others. In 2022, the highest growth was observed in the aviation sector due to the surging application of machines in air transportation activities especially the ones involving short and low-flight ranges. The rapidly rising technical advancements along with a growing number of players are expected to propel segmental growth during the forecast period. On average, a gyrocopter can fly in the altitude range of 10,000 to 15,000 feet.

Based on component, the gyrocopter industry divisions are propeller, engine, rotor, and others. The highest growth can be expected in the engine segment due to surging development in improving gyrocopter engine performance for a better and more efficient flying experience. The 2015 gyrocopter model developed by the Indian Institute of Science consumed 4 gallons of fuel per hour making it a low-cost yet effective alternative

Gyrocopters Market: Report Scope

Gyrocopters Market: Regional Analysis

Europe to witness the highest growth rate during the projected timeline

The global gyrocopters market is expected to be dominated by Europe during the forecast period. The main growth drivers are the extensive number of companies manufacturing highly advanced gyrocopters along with the large network of training services helping potential users gain more confidence in flying the machine. One such example is the 2019 launch of the Tensor 600X two (2) seat technology demonstrator gyrocopter by Germany-based Fraundorfer Aeronautics. The company invested extensive resources for over 10 years to reach the much-awaited launch day which is a result of over 20,000 labor hours with the use of novel computational fluid dynamics analysis. The product offers several unique features that improve its application. On the other hand, several companies are working toward exploring electric gyrocopters further helping the regional market gain more traction. In April 2023, the German Aerospace Centre (DLR) launched a new electric-energy-operated gyrocopter concept facilitating urban flight. The project is named Silent Short Take-Off and Landing (S2TOL) and follows a climate-friendly flight approach.

Gyrocopters Market: Competitive Analysis

The global gyrocopters market is led by players like:

• Magni Gyro Srl
• AR1 Gyroplanes
• ELA Aviación S.L.
• RAF-2000
• AutoGyro GmbH
• Sport Copter Inc.
• Trixy Aviation Products
• AviPro Aircraft Ltd.
• American Autogyro Inc.
• Magni Gyro USA
• Niki Rotor Aviation
• RotorSchmiede GmbH
• Aviomania Aircraft
• Gyrotech
• Cavalon Aircraft
• MTOsport Gyroplanes
• AutoGyro Australia
• Tango2 Gyrocopters
• Carter Aviation Technologies
• SkyRider Ultralights
• ArrowCopter
• ELA Aircraft
• Titanium Gyroplanes
• Rotorsport UK Ltd.
• Sparrow Gyroplanes.

The global gyrocopters market is segmented as follows:

By Application

• Entertainment
• Agriculture
• Defense
• Law Enforcement
• Aviation
• Others

By Component

• Propeller
• Engine
• Rotor
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa