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Military Helicopters Market - Trends & Manufacturers 2024-2033
Military Helicopters Market
As per the report, 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 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%.
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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.
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).
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
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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
Contents of the report:
1. Executive Summary
2. Military Helicopters Market Report Structure
3. Military Helicopters Market Trends And Strategies
4. Military Helicopters Market - Macro Economic Scenario
5. Military Helicopters Market Size And Growth
…..
27. Military Helicopters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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