Press release
Military Helicopters Market Expansion Outlook: $59.39 Billion in 2029
Military Helicopters Market
What Is the Projected CAGR for the Military Helicopters Market from 2024 to 2025?
The market for military helicopters has notably expanded over the past few years. The market valuation is projected to escalate from $44 billion in 2024 to $46.61 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. This growth during the historic interval can be accredited to factors such as rising military spending, increased demand for less heavy helicopters, the need for assault and transport helicopters, and reduced interest rates.
What are the Expected Market Size and CAGR for Military Helicopters by 2029?
In the upcoming years, a significant surge in growth is anticipated for the military helicopters market, which is set to expand to $59.39 billion by 2029 with a compound annual growth rate (CAGR) of 6.2%. This predicted growth within the forecast period can be credited to geopolitical and territorial tensions, swift technological progression and the continuous advancement of military helicopters. The forecast period is also expected to see key trends such as integrating dynamics modeling, and fly-by-wire controls into more lightweight helicopter models, incorporating IoT systems, utilizing artificial intelligence technology, employing 3D printing technology for cost-effective production of lightweight parts, considering the shift towards single engine operation for noise reduction in helicopters, putting into operation autonomous systems, and enhancing helicopter maintenance.
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Which Factors Are Driving the Global Military Helicopters Market Expansion?
The military helicopter market experienced expansion as a result of escalating military expenditure. To exemplify, the Stockholm International Peace Research Institute (SIPRI), a non-governmental organization in Sweden, revealed that the global military spending rose to $2,443 billion in 2023, experiencing a real-term growth of 6.8% from the previous year, 2022. This escalated spending in military prompted greater acquisition of warships, submarines, aircraft, and helicopters, consequently fostering increased revenue for the military helicopter market.
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Which Segment Currently Holds the Largest Share of the Military Helicopters Market?
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
Subsegments:
1) By Light Military Helicopter: Attack Light Helicopters, Reconnaissance Light Helicopters, Utility Light Helicopters
2) By Medium Military Helicopter: Multi-Role Medium Helicopters, Transport Medium Helicopters, Attack Medium Helicopters
3) By Heavy Military Helicopter: Transport Heavy Helicopters, Heavy Lift Helicopters, Specialized Heavy Helicopters
Which Major Trends Are Shaping the Future of the Military Helicopters Industry?
The area of military helicopter manufacturing is being profoundly influenced by advancements in technology. The global helicopter industry is undergoing considerable changes in recent years. Key strides in technology, such as the broad-utilization of additive manufacturing, advanced condition-based maintenance (CBM), computation structural dynamics modeling, fly-by-wire controls, health and usage monitoring systems (HUMS), and high-end turbine engine programs, all promise significant improvements in rotorcraft performance. As an example, the Black Eagle 50H was launched in February 2022, by Steadicopter Ltd., a Rotary Unmanned Aircraft Systems producer based in Israel. Running on a combination of gas and electricity, it boasts a large operational range, capable of maintaining flight for up to five hours, making it versatile for a range of uses. The Black Eagle has been designed to offer solutions mainly for intelligence, surveillance, target acquisition, and reconnaissance on both land and sea (ISTAR).
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Which Key Players Dominate the Military Helicopters Industry Globally?
Major companies operating in the military helicopters market include The Boeing Company, Airbus, Russian Helicopters, Lockheed Martin, Leonardo SpA, China Aerospace Science and Industry Corporation, Textron Inc., BAE Systems, Hindustan Aeronautics Limited, Changhe Aircraft Industries Corporation, TATA Advanced Systems, Korea Aerospace Industries, Kawasaki Aerospace Company, NHIndustries, Kazan Helicopters, MD Helicopters, Inc., Kaman Aircraft, Cicaré S.A., Embraer S.A., Empresa Nacional de Aeronautica (ENAER), Calidus LLC, Israel Aerospace Industries, Denel Aerostructures (Pty) Ltd
What Are the Fastest-Growing Regions in the Military Helicopters Market?
Asia-Pacific was the largest region in the military helicopters market in 2024. Western Europe is expected to be the fastest-growing region in the global military helicopters market share during the forecast period. The regions covered in the military helicopters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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