Military Helicopters Market Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2033

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.

Market Overview -
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.

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Surge In Global Military Expenditure Drives Expansion Of The Military Helicopter Market
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.

Competitive Landscape -
Major companies operating in the military helicopters market report are The Boeing Company, Airbus, Russian Helicopters, Lockheed Martin, Leonardo SpA, China Aerospace Science and Industry Corporation, Textron Inc., Raytheon Technologies, BAE Systems, Hindustan Aeronautics Limited, Changhe Aircraft Industries Corporation, Shenyang Aircraft Corporation, TATA Advanced Systems, Korea Aerospace Industries, Kawasaki Aerospace Company, Subaru Corporation, Mitsubishi Electric, Dassault Aviation, NHIndustries, Kazan Helicopters, Enstrom Helicopter Corporation, CHC Helicopter, StandardAero, MD Helicopters, Inc., Kaman Aircraft, Robinson Helicopter Company, Bombardier Inc., De Havilland, Northrop Grumman, McDonnell Douglas, Spirit AeroSystems, General Dynamics, Cicaré S.A., Embraer S.A., Empresa Nacional de Aeronautica (ENAER), Calidus LLC, Israel Aerospace Industries, Bearing Man Group (Pty) Ltd, Menzies Aviation (Handling) (Pty) Ltd, Denel Aerostructures (Pty) Ltd, Precision Aviation Helicopters (Pty) Ltd, Stellair cc

Technological Advancements Revolutionize Military Helicopter Market
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).

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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