2022 Military Helicopters Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Airbus, BAE Systems, Boeing, China Aerospace Science, and Industry Corporation
As per the Military Helicopters market report by The Business Research Company, 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.
The global military helicopters market size will grow from $55.57 billion in 2022 to $59.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military helicopters market size is expected to grow to $72.81 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the Military Helicopters market include Airbus, BAE Systems, Boeing, China Aerospace Science, and Industry Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo S.p.A., Lockheed Martin, NHIndustries, Russian Helicopters, Textron, Turkish Aerospace Industries and Kawasaki Aerospace Company.
The Military Helicopters market is segmented -
• By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter
• 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
• By Number of Engine: Single, Twin Engine
• By Component & System: Airframe, Main Rotor Sysmtems, Anti-Torque systems, Electrical Systems, Hydraulic Systems, Avionics, Stability Augmentation Systems, Flight Control Systems, Undercarriages, Environmental Contorl Systems, Emergency Services, Special-purpose Systems, Engines
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Military Helicopters market.
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A military aircraft is an aircraft specifically built or converted for military missions such as transport of troops, combat search and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or armed with weapons for attacking ground targets.
The Table Of Content For The Military Helicopters Market Include:
1. Executive Summary
2. Military Helicopters Market Characteristics
3. Military Helicopters Market Trends And Strategies
4. Military Helicopters Market - Macro Economic Scenario
5. Military Helicopters Market Size And Growth
28. Key Mergers And Acquisitions In The Military Helicopters Market
29. Military Helicopters Market Future Outlook and Potential Analysis
The "Global Military Helicopters Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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