DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r9qmdx/global_military) has announced the addition of the "Global Military Rotorcraft Market 2014-2018" report to their offering.
The analysts forecast the Global Military Rotorcraft market to grow at a CAGR of (1.71) percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in demand for military rotorcrafts in the APAC region. The Global Military Rotorcraft market has also been witnessing the development of unmanned rotorcrafts. However, the falling global defense budgets could pose a challenge to the growth of this market.
Key vendors dominating this space are AgustaWestland NV, Bell Helicopter Textron Inc., Eurocopter, and Sikorsky Aircraft Corp.
Other vendors mentioned in the report are Russian Helicopters, JSC, NH Industries, The Boeing Co., and Korea Aerospace Industries Ltd.
Commenting on the report, an analyst from the team said: High-altitude rotorcraft are used to fly at a range above 15,000 kilometers from sea level; the market will witness an increasing demand for these types of rotorcraft in the next few years. High-altitude rotorcraft have multiple uses like fighting, transportation, training, and more. Thus, the vendors are demanding rotorcraft that can be used in different applications. Adding to this, there is a growing demand for high-altitude rotorcraft for rescue operations. Thus, the increasing adoption of high-altitude and versatile rotorcraft is predicted to have a positive impact on the growth of the market during the forecast period.
According to the report, one of the major drivers in this market is the increasing demand for military rotorcraft in the APAC region. This is mainly attributed to the rise in the defense budgets in most countries in the APAC region, which is expected to drive the demand for military rotorcraft.
For more information visit http://www.researchandmarkets.com/research/r9qmdx/global_military
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