The Military Helicopters by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Military Helicopters, The military helicopters market size has grown strongly in recent years. It will grow from $59.69 billion in 2023 to $63.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing military expenditure, increasing demand for lightweight helicopters, demand for attack and transport helicopters and low interest rates.
The military helicopters market size is expected to see strong growth in the next few years. It will grow to $77.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increase in territorial and political conflicts, rapid advances in technology and increasingly advanced military helicopters. Major trends in the forecast period include implementing technological advancements and development such as dynamics modeling and, fly by wire controls into lightweight helicopter products, integrating iot systems into products to stay competitive in the market, implementing artificial intelligence technology into their products in order to stay competitive in the market, consider using 3d printing technology to manufacture lightweight parts at low costs, consider adopting to single engine operative mode for helicopters to reduce noise, fuel emissions and to be more environmentally friendly, implementing autonomous system into the helicopters for a full upgraded autonomous function to stay competitive in the market and consider partnering or collaborating with smaller companies in order to save high cost and improve helicopter maintenance.
Increasing military expenditure contributed to the growth of the military helicopter market growth. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world’s second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China’s military spending has increased for the past 27 years. The growth in military expenditure led to an increase in the procurement of warships, submarines, aircraft, and helicopters, thereby generating higher revenues for the military helicopter market.
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The military helicopters market covered in this report is segmented –
1) By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter
2) By Component & System: Main Rotor Systems, Electrical Systems, Hydraulic Systems, Avionics, Flight Control Systems, Undercarriages, Protection Systems, Other Component & Systems
3) By Number of Engines: Single, Twin Engine
4) By Application: Utility Military Helicopter, Transport Military Helicopter, Attack/Assault Military Helicopter, Search and Rescue Military Helicopter, Multi-Role Military Helicopter, Reconnaissance and Observation Military Helicopter
Technological advancements in the helicopter manufacturing process are shaping the military helicopter market. The global helicopter industry has been undergoing a substantial transformation in recent years. Significant technological advancements, including extensive use of additive manufacturing, computation structural dynamics modeling, advanced condition-based maintenance (CBM), fly-by-wire controls, health and usage monitoring systems (HUMS), and advanced turbine engine programs, are promising big leaps in rotorcraft capabilities. For instance, in February 2022, Steadicopter Ltd., an Israel-based designer and manufacturer of Rotary Unmanned Aircraft Systems, launched the Black Eagle 50H, which will run on both gas and electricity. It has a long range and can fly for up to five hours at a time, making it suitable for a wide range of applications. The Black Eagle is intended to provide solutions for intelligence, surveillance, target acquisition, and reconnaissance on both the sea and land (ISTAR).
The military helicopters market report table of contents includes:
1. Executive Summary
2. Military Helicopters Market Characteristics
3. Military Helicopters Market Trends And Strategies
4. Military Helicopters Market – Macro Economic Scenario
5. Global Military Helicopters Market Size and Growth
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26. South America Military Helicopters Market
27. Brazil Military Helicopters Market
28. Middle East Military Helicopters Market
29. Africa Military Helicopters Market
30. Military Helicopters Market Competitive Landscape And Company Profiles
Top Major Players:
- The Boeing Company
- Airbus
- Russian Helicopters
- Lockheed Martin
- Leonardo SpA
- China Aerospace Science and Industry Corporation
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