Potential of UL Heli in Bangladesh
Market size and growth potential: The aviation industry in Bangladesh is growing at a compound annual growth rate (CAGR) of 4.9%, according to a report by ResearchAndMarkets. The market for helicopters in Bangladesh was valued at USD 46.8 million in 2020, and is expected to reach USD 67.5 million by 2026, growing at a CAGR of 6.0% during the forecast period, according to a report by MarketsandMarkets. Competitive landscape: There are currently a few established helicopter operators in Bangladesh, such as Meghna Aviation, Biman Bangladesh Airlines, and United Airways, which offer a range of services, including passenger transport, cargo transport, and aerial surveys. However, there are currently no ultralight helicopter operators in Bangladesh, which may present an opportunity for a new entrant to establish a foothold in the market. Regulatory environment: The Civil Aviation Authority of Bangladesh (CAAB) is the regulatory authority responsible for overseeing the aviation industry in Ba