New York, United States , July 08, 2024 (GLOBE NEWSWIRE) -- The Global Military Rotorcraft Market Size to Grow from USD 36.7 Billion in 2023 to USD 89.4 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 9.31% during the forecast period.
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Several critical drivers are driving the military rotorcraft market to new heights. Primary factors include rising global defence budgets, geopolitical concerns, and the need to modernise ageing military fleets. The market is divided into segments such as assault helicopters, transport helicopters, and multi-mission helicopters. These aircraft are undergoing substantial technological developments, including better stealth capabilities, autonomous operations, superior avionics, and enhanced survivability features, all of which are vital in modern warfare. Overall, the military rotorcraft market is poised for long-term expansion, driven by the ongoing need for adaptable and technologically superior aircraft to suit the changing demands of worldwide military operations.
Military Rotorcraft Market Value Chain Analysis
The military rotorcraft market value chain has various essential stages, ranging from raw material procurement to final product delivery and maintenance. It starts with locating specialised materials, such as high-strength metals and composite materials, which are required for producing durable and lightweight components. Avionics, propulsion systems, and weapons are among the advanced technology included during the design and development phase. Manufacturing includes the assembly of airframes, engines, and systems, which requires precise engineering and strict quality control. Leading aerospace firms cooperate with a network of suppliers and subcontractors to expedite manufacturing. Rotorcraft are rigorously tested and certified after they have been constructed. Post-delivery, the value chain expands to include maintenance, repair, and overhaul (MRO) services, which ensure operational readiness and extend the aircraft's lifecycle through constant improvements and technical advancements.
Military Rotorcraft Market Opportunity Analysis
The military rotorcraft market is poised for significant expansion, driven by altering defence strategy and technical advancements. Rising defence budgets and geopolitical concerns encourage nations to invest in modernising their helicopter fleets. The development of next-generation rotorcraft with greater stealth, autonomy, and multi-mission capabilities presents significant prospects. Emerging markets, particularly in Asia-Pacific, Latin America, and the Middle East, present significant opportunities as countries in these regions seek to improve their defence capabilities. Furthermore, the growing need for unmanned aerial systems (UAS) and the integration of modern avionics and weapon systems create opportunities for innovation and growth. Partnerships and cooperation between prominent aerospace corporations and defence contractors accelerate market growth, making the military rotorcraft sector a vibrant and profitable business.
Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the "Global Military Rotorcraft Market Size, Share, and COVID-19 Impact Analysis, by Type (Attack helicopters, Transport helicopters, and Multi-mission and Training Helicopters), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033."
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Insights by Type
The attack helicopters segment accounted for the largest market share over the forecast period 2023 to 2033. Increased defence resources and the necessity for superior offensive capabilities are driving up demand for these specialised aircraft. Modern attack helicopters have cutting-edge technology, such as superior avionics, stealth capabilities, accurate weaponry, and improved survivability systems. These helicopters are critical for anti-tank missions, close air support, and counterinsurgency operations. Nations around the world, particularly in areas with current conflicts or severe security threats, are prioritising the acquisition and upgrade of their attack helicopter fleets. Leading manufacturers in this area include Boeing, Bell, and Russian Helicopters, who produce extremely competent models such as the AH-64 Apache and Ka-52.
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Insights by Region
North America is anticipated to dominate the Military Rotorcraft Market from 2023 to 2033. The United States, in particular, plays a critical role, having made major investments in modernising its helicopter fleet to improve capabilities and confront emerging threats. Key programmes include the development of next-generation attack, transport, and multi-mission helicopters with improved avionics, stealth technology, and autonomous systems. Collaboration between top aerospace businesses such as Boeing and Lockheed Martin, as well as the United States Department of Defence, drives innovation and market growth. Furthermore, the region's robust industrial base, vast R&D infrastructure, and well-established supply networks facilitate production and sustainability. Canada also contributes to the industry by investing in upgrades and new acquisitions to strengthen its defence capabilities, thereby reinforcing North America's market position.
Asia Pacific is witnessing the fastest market growth between 2023 to 2033. Indigenous development programmes, such as India's HAL and China's AVIC, also help to expand the market. Regional tensions and the necessity for effective disaster response capabilities fuel demand for adaptable and advanced rotorcraft. Furthermore, strategic agreements and collaborations with global aerospace businesses promote technology transfer and innovation, hence boosting the region's industry growth. The Asia-Pacific market is thus prepared for long-term growth, driven by both internal innovations and foreign collaborations.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Global Military Rotorcraft Market Airbus SE, Changhe Aircraft Industries Corporation, Hindustan Aeronautics Ltd, Leonardo SpA, Rostec, Kaman Corporation, Turkish Aerospace Industries Inc., Lockheed Martin Corporation, The Boeing Company, Korea Aerospace Industries Ltd, MD HELICOPTERS Inc., Textron Inc., and Other key companies.
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Recent Market Developments
- In April 2022, the US Department of Defence has awarded a Foreign Military Sales (FMS) deal to provide a new AW119Kx helicopter to Israel. The contract was worth USD 29 million.
Market Segmentation
This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
Military Rotorcraft Market, Type Analysis
- Attack helicopters
- Transport helicopters
- Multi-mission and Training Helicopters
Military Rotorcraft Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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