America Attack Helicopter Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.34 Billion |
| Market Size (2029) | USD 4.08 Billion |
| CAGR (2024 - 2029) | 4.09 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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America Attack Helicopter Market Analysis
The America Attack Helicopter Market size is estimated at USD 3.34 billion in 2024, and is expected to reach USD 4.08 billion by 2029, growing at a CAGR of 4.09% during the forecast period (2024-2029).
- To gain air superiority and include ground troop support capabilities, the nations in the region are investing significant monetary resources in defense expenditure to procure advanced helicopters. The deployment of attack helicopters by the US and its NATO partner nations, such as Canada, to curb terrorism and humanitarian crises is propelling the growth of attack helicopters in the region. In challenging terrains, it becomes difficult for armored vehicles to provide adequate support to ground combat units. Attack helicopters provide high agility and firepower, becoming a defining lifesaving factor in combat-affected regions.
- Technological advancements such as stealth technology that produces low heat and sound signatures, autonomous capabilities, advanced electronic warfare upgrades, advanced optics, etc., will support the growth of the attack helicopter market.
America Attack Helicopter Market Trends
Airforce Platform Segment to Witness the Highest Growth During the Forecast Period
The close air support function of the airforce holds significant importance, particularly in its direct assistance of ground forces engaged in combat. Attack helicopters can maneuver at low elevations and maintain a stationary position above specified targets, thus allowing for the accurate and expeditious discharge of gunfire when necessary. This characteristic renders them well-suited for engagements about close-air support (CAS). As the notion of CAS endures as a pivotal concept within modern warfare, the Air Force is witnessing a growing demand for attack helicopters.
Various air forces in the American region are currently facing the problem of an aging fleet of existing helicopters. The relatively new Apache AH-64 has served the US for over three decades and is expected to reach its operational life between 2030 and 2040. Similarly, in December 2022, the Canadian Air Force announced that the country was planning to spend USD 1.24 billion to upgrade its fleet of military search-and-rescue helicopters, which will include modernizing its 13 existing helicopters and buying three new ones.
The United States to Dominate the Market During the Forecast Period
Competition in technology between China and the US is accelerating as both countries are increasingly focused on the R&D of emerging technologies to prepare for future warfare. In 2022, the US accounted for 39% of global defense spending. Military spending increased by USD 877 billion in 2022, or 0.7%. The total includes military assistance to Ukraine, estimated at USD 19.9 billion. In 2022, the US released the Department of the Air Force budget, which outlined that for FY 2023, the budget request is approximately USD 194.0 billion, a USD 20.2B or 11.7% increase from the FY 2022 request.
The US is heavily investing in upgrading its air dominance capability. Innovations are significantly driving the market growth for attack helicopters. In March 2023, Boeing announced that the US Army had awarded a contract to build new AH-64E Apache Guardian attack helicopters under a USD 1.95 billion four-year order. The latest upgrade will give the AH-64E drone and ship-hunting capabilities. The advanced optronic and sight systems will increase the efficiency of reconnaissance operations.
Similarly, in October 2023, Sikorsky unveiled the RAIDER X Prototype for the US Army FARA Program. Raider X is developed on the existing S-97 Raider scout attack helicopter platform and has high agility and maneuverability. The FARA program is set to acquire the next generation of scout helicopters, which will replace the now-retired OH-58D Kiowa Warrior.
America Attack Helicopter Industry Overview
The attack helicopter market in America is consolidated with a few prominent players such as The Boeing Company, Rostec, Airbus SE, Lockheed Martin Corporation, and Textron Inc. The US holds a significant share of the market due to increased demand on both domestic and global levels.
Due to increased collaborations with markets such as Asia-Pacific, players such as Boeing have transferred some part of attack helicopter manufacturing to countries like India. Foreign manufacturers of attack helicopters are also eyeing the Latin American market. The revenue of the key players in the region largely depends on orders from the defense agencies and after-sale support and maintenance programs.
America Attack Helicopter Market Leaders
The Boeing Company
Lockheed Martin Corporation
MD Helicopters Inc.
Textron Inc.
Rostec
*Disclaimer: Major Players sorted in no particular order
America Attack Helicopter Market News
Oct 2023: Sikorsky introduced the RAIDER X prototype for the US Army FARA Program. The Raider X has been developed using the existing S-97 Raider scout attack helicopter platform and showcases impressive levels of agility and maneuverability.
Mar 2023: The Boeing Company was awarded a four-year contract worth USD 1.95 billion to build new AH-64E Apache Guardian attack helicopters for the US Army.
America Attack Helicopter Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 End User
5.1.1 Army
5.1.2 Navy
5.1.3 Airforce
5.2 Geography
5.2.1 United States
5.2.2 Canada
5.2.3 Brazil
5.2.4 Mexico
5.2.5 Argentina
5.2.6 Rest of Americas
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Lockheed Martin Corporation
6.1.2 The Boeing Company
6.1.3 Textron Inc.
6.1.4 Rostec
6.1.5 MD Helicopters Inc.
6.1.6 Leonardo S.p.A.
6.1.7 Airbus SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
America Attack Helicopter Industry Segmentation
An attack helicopter is a specialized piece of military equipment employed by the army, navy, and air force for various operations on the battlefield. This type of helicopter has diverse weapons, including automatic cannons, machine guns, anti-tank-guided missiles, rockets, anti-ship missiles, and air-to-air missiles. Its primary uses encompass countering armored vehicles, providing close-air support to ground forces, conducting armed reconnaissance, facilitating light troop transport, and executing deep penetration missions.
The America attack helicopter market is segmented by end-user and geography. By end-user, the market is segmented into army, navy, and airforce. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| End User | |
| Army | |
| Navy | |
| Airforce |
| Geography | |
| United States | |
| Canada | |
| Brazil | |
| Mexico | |
| Argentina | |
| Rest of Americas |
America Attack Helicopter Market Research FAQs
How big is the America Attack Helicopter Market?
The America Attack Helicopter Market size is expected to reach USD 3.34 billion in 2024 and grow at a CAGR of 4.09% to reach USD 4.08 billion by 2029.
What is the current America Attack Helicopter Market size?
In 2024, the America Attack Helicopter Market size is expected to reach USD 3.34 billion.
Who are the key players in America Attack Helicopter Market?
The Boeing Company, Lockheed Martin Corporation, MD Helicopters Inc., Textron Inc. and Rostec are the major companies operating in the America Attack Helicopter Market.
What years does this America Attack Helicopter Market cover, and what was the market size in 2023?
In 2023, the America Attack Helicopter Market size was estimated at USD 3.20 billion. The report covers the America Attack Helicopter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the America Attack Helicopter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
America Attack Helicopter Industry Report
Statistics for the 2024 America Attack Helicopter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. America Attack Helicopter analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
