Asia-Pacific Attack Helicopter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

APAC Attack Helicopters Market is segmented by End-user (Army, Navy and Airforce) and Geography.

Asia-Pacific Attack Helicopter Market Size

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Asia-Pacific Attack Helicopter Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 1.53 Billion
Market Size (2029) USD 2.14 Billion
CAGR (2024 - 2029) 7.02 %
Market Concentration High

Major Players

Asia-Pacific Attack Helicopter Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Asia-Pacific Attack Helicopter Market Analysis

The Asia-Pacific Attack Helicopter Market size is estimated at USD 1.53 billion in 2024, and is expected to reach USD 2.14 billion by 2029, growing at a CAGR of 7.02% during the forecast period (2024-2029).

Asia-Pacific region is marked by the presence of major military powers such as India, China, Japan, South Korea, etc. who are increasing their defense budget every year. A large part of this budget is going into the upgradation and enhancement of air superiority in the region. This factor is propelling the market growth for attack helicopters in the Asia-Pacific region.

Factors such as a rise in armed conflict, terrorism, border tensions, territory breaches, violations, etc. are fueling the demand for attack helicopters. Also, the armed forces in the region are enhancing the effectiveness (in terms of lethality, situational awareness, etc.) of attack helicopters with advanced technologies to have a tactical advantage over the enemy. The rapid adoption of advanced stealth technology to increase the lethality of helicopters and reduce sound and heat signatures is anticipated to help the market grow in the coming future.

Asia-Pacific Attack Helicopter Market Trends

Army Segment is Expected Witness the Highest Growth During the Forecast Period

The Army segment is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to the procurement and fleet modernization plans of governments like India, Japan, and South Korea to increase aerial combat capabilities. South Korea is one of the major countries in the Asia-Pacific region, that is currently investing in procurement of advanced attack helicopters. Furthermore, the Indian Cabinet Committee had given its sanction for the procurement of 39 AH-64 Apache attack helicopters from the US in 2020 at a cost of around USD 800 million. As a part of the contract, the Army will receive the first AH-64 Apache in February 2024, and delivery of the first six would be completed within three months by April 2024.

In January 2021, the Australian Army announced that it had selected Boeing’s 24 AH-64E Apache Guardian as its next armed reconnaissance helicopter, to replace its Airbus Helicopters Tiger fleet. The initial operational capability is expected in 2026 with 12 helicopters and the final operational capability with all 29 aircraft two years later. Such developments will drive the demand for attack helicopters for the Army segment in the Asia-Pacific during the forecast period.

Asia-Pacific Attack Helicopter Market : Combat Helicopter Fleet by Army, by Country, 2022

China is Projected to Dominate the Market During the Forecast Period

China has been steadily increasing its defense budget making it one of the largest defense spenders globally. The substantial investments in defense modernization programs have contributed to the growth of the military helicopter segment. In 2022, China allocated an estimated USD 292 billion to its military in 2022. This was 4.2% more than in 2021.

Additionally, border issues with India, increasing face-offs with the US in the disputed South China Sea, and claims over Taiwan are some of the reasons for China to aggressively modernize its weaponry and equipment. The country is working on stealth technology for its helicopters and this factor will significantly drive the demand at the domestic and global level.

Furthermore, in August 2022, amid rising tensions with Taiwan, the first images of the Z-10ME helicopter were revealed, and the new chopper seems to have striking similarities with the Boeing-made Apache. The new helicopter is a modified version of the new Z-10 attack helicopter used by the Chinese armed forces. In September 2021, the country announced its plans to procure three dozen Russian naval attack helicopters, the Ka-52Ks. This procurement would support the Chinese military's new generation of amphibious assault ships.

Asia-Pacific Attack Helicopter Market: Defense Expenditure (USD Billion), China, 2018 - 2022

Asia-Pacific Attack Helicopter Industry Overview

The Attack Helicopters market in the Asia-Pacific region is a highly consolidated in nature due to presence of few players holding significant shares in the market. The Boeing Company, Airbus SE, Hindustan Aeronautics Limited, Leonardo S.p.A., and Rostec State Corporation being the prominent companies in the market. There are some of the major local defense manufacturers and state-owned companies have started collaborating with global players to start the production and assembly of parts, components, and entire helicopters at a domestic level.

In March 2023, the Defense Minister of Australia announced that Australian companies will supply components for all new 29 AH-64E Apache attack helicopters. Australian company Thomas Global Systems will design and manufacture cockpit avionics for the global fleet of AH-64 Apache helicopters, and Australian firm Cablex will manufacture cabling for all new Apaches. Such developments will boost the growth of domestic players during the forecast period.

Asia-Pacific Attack Helicopter Market Leaders

  1. The Boeing Company

  2. Rostec State Corporation

  3. Airbus SE

  4. Hindustan Aeronautics Limited

  5. Leonardo S.p.A

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Attack Helicopter Market Concentration
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Asia-Pacific Attack Helicopter Market News

In January 2023, the Australian government confirmed that it is proceeding with the acquisition of 40 Sikorsky UH-60M Black Hawk helicopters for the Australian Army under Foreign Military Sales to replace its Airbus MRH-90 Taipan helicopter fleet.

In May 2022, Australia has finalised its acquisition of 29 Boeing AH-64E Apache attack helicopters. The government has finalized a more than USD 5.5 billion investment to acquire and operate 29 new AH-64E Apaches helicopters for the Army, replacing the Army’s existing Tiger helicopters, with an additional investment of up to USD 500 million to upgrade facilities to support the new Apaches.

Asia-Pacific Attack Helicopter Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Platform

      1. 5.1.1 Army

      2. 5.1.2 Navy

      3. 5.1.3 Airforce

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest Of Asia-Pacific


    1. 6.1 Company Profiles

      1. 6.1.1 The Boeing Company

      2. 6.1.2 Rostec State Corporation

      3. 6.1.3 Airbus SE

      4. 6.1.4 Textron Inc.

      5. 6.1.5 Hindustan Aeronautics Limited

      6. 6.1.6 Leonardo S.p.A.

      7. 6.1.7 Kawasaki Heavy Industries Ltd.

      8. 6.1.8 Aviation Industry Corporation of China

      9. 6.1.9 MD Helicopters, Inc.


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Asia-Pacific Attack Helicopter Industry Segmentation

An attack helicopter is a specialized piece of military equipment that is employed by the army, navy, and air force for various operations on the battlefield. This type of helicopter is equipped with a diverse array of 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, as well as executing deep penetration missions. 

The Asia-Pacific attack helicopter market is segmented based on platform and geography. By platform, the market is segmented into army, navy, and air force. 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 on the basis of value (USD).

South Korea
Rest Of Asia-Pacific
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Asia-Pacific Attack Helicopter Market Research FAQs

The Asia-Pacific Attack Helicopter Market size is expected to reach USD 1.53 billion in 2024 and grow at a CAGR of 7.02% to reach USD 2.14 billion by 2029.

In 2024, the Asia-Pacific Attack Helicopter Market size is expected to reach USD 1.53 billion.

The Boeing Company, Rostec State Corporation, Airbus SE, Hindustan Aeronautics Limited and Leonardo S.p.A are the major companies operating in the Asia-Pacific Attack Helicopter Market.

In 2023, the Asia-Pacific Attack Helicopter Market size was estimated at USD 1.42 billion. The report covers the Asia-Pacific Attack Helicopter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Attack Helicopter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific Helicopter Industry Report

Statistics for the 2024 Asia Pacific Helicopter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Helicopter analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Attack Helicopter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)