Market Size of Europe Attack Helicopter Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.94 Billion |
Market Size (2029) | USD 2.40 Billion |
CAGR (2024 - 2029) | 4.40 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Attack Helicopter Market Analysis
The Europe Attack Helicopter Market size is estimated at USD 1.94 billion in 2024, and is expected to reach USD 2.40 billion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
- The growth in military spending by European nations in the wake of the escalation in terrorism and sea-based intrusions is generating demand for advanced air capabilities, driving the growth of the attack helicopter market in the region.
- The deployment of national forces in combat-affected geographies such as the Middle East propels the growth of the European attack helicopter market. Many countries are focusing on procuring attack helicopters and upgrading their existing fleet with the help of countries such as the United States and Russia.
- Technological advancements such as electronic warfare technology, stealth technology, and advanced air-to-surface attack weapons are rapidly driving the demand for attack helicopters in the region.