This report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military rotorcraft, key market trends, and challenges faced by industry participants.
Global military rotorcraft market is expected grow at a CAGR of 4.28%, to value US$30.7 billion by 2028. The cumulative global expenditure on military rotorcraft over the forecast period is estimated at US$271.7 billion. The demand for rotorcraft is expected to be driven by the need to replace aging fleets and enhance capabilities pertaining to disaster relief operations.
Apart from emerging economies in the Middle East and South Asian regions which are witnessing increasing defense expenditure due to regional power struggles and territorial disputes, countries in North America and Western Europe are also expected to increase their defense outlays after years of budget cuts and sequestration measures presenting global military rotorcraft manufacturers with greater opportunities in the coming decade
Rapidly changing global security scenario and the growing importance of unconventional missions and urban warfare have resulted in change of roles for helicopters in the modern warfare strategies. Unlike their traditional roles, rotorcrafts are being used as part of the comprehensive mission parameters, which calls for integration of advanced and multiple capabilities in rotorcrafts.
As the existing helicopters are unable to fulfill these roles, countries are focusing on either developing or procuring helicopters with multiple mission modes, which is currently driving the demand for military helicopters across the world.
Apart from this, growing disputes over maritime borders and offshore natural resources are the primary drivers of the growing demand for maritime helicopters with multi-mission capabilities. Despite facing financial constraints, major defense spenders are driven by the growing need for the helicopters with advanced capabilities and challenges from internal and external security threats.
- The Boeing Company
- Changhe Aircraft Industries
- Hindustan Aeronautics Limited (HAL)
- Airbus Defence and Space
- Lockheed Martin Corporation
- Korean Aerospace Industries
- Russian Helicopters
- MD Helicopters
- Turkish Aerospace Industries
- Enstrom Helicopters
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