Market Size of europe military helicopters Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.32 Billion |
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Market Size (2030) | USD 2.88 Billion |
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Largest Share by Body Type | Multi-Mission Helicopter |
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CAGR (2024 - 2030) | 3.65 % |
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Largest Share by Country | Spain |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Military Helicopters Market Analysis
The Europe Military Helicopters Market size is estimated at 2.32 billion USD in 2024, and is expected to reach 2.88 billion USD by 2030, growing at a CAGR of 3.65% during the forecast period (2024-2030).
2.3 B
Market Size in 2024 (USD)
2.9 B
Market Size in 2030 (USD)
502
Total Deliveries in the Historic Period (2017-2023)
612
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
43.10 %
value share, Multi-Mission Helicopter, 2023
The ability to carry troops and equipment to various strategic locations is driving to procure transport helicopters.
Largest Market by Country
29.01 %
value share, Spain, 2023
The country's focus on amphibious support and special forces operations by procuring military rotorcraft is acting as a catalyst for its dominant position in the region.
Leading Market Player
47.72 %
market share, Airbus SE, 2022
Airbus dominates the European market with its extensive range of product offerings, including all types of military helicopters.
Second Leading Market Player
15.06 %
market share, Russian Helicopters, 2022
It is the only Russian rotorcraft designer and manufacturer that has various capabilities, such as designing, manufacturing, and testing modern military helicopters.
Third Leading Market Player
12.36 %
market share, The Boeing Company, 2022
The company's purpose-built helicopters with more cost-effective solutions are driving its market share in the military aviation market.
Multi-mission helicopters hold the highest market share
- The demand for rotorcrafts is being fueled by an increase in military conflicts, terrorism, border disputes, territory breaches, and violations. To gain a military advantage over the opposition, regional armed forces are upgrading the capabilities of helicopters with cutting-edge technologies.
- Ongoing tensions between Russia and Ukraine are encouraging various countries in the region to spend at least 2% of their GDP, which is a NATO standard, on their military. Thus, the countries are opting for the procurement of advanced helicopters to counter threats in an effective way.
- There are currently 3,363 helicopters in operation in Europe. With 1,632 operational helicopter forces, Russia possesses the highest number of helicopters in the region. France and Italy have the largest active fleets, with 478 and 435 helicopters, respectively, after Russia. Multi-mission helicopters are expected to record the highest CAGR during the forecast period. Multi-mission helicopters can be used for close air support for ground troops and anti-tank operations to destroy enemy armor. Multi-mission helicopters account for 38% of the total helicopter active fleet in the region, making it the largest segment, followed by other body types and transport helicopters, accounting for shares of 32% and 30%, respectively.
- More than 1000 helicopters are expected to be procured in Europe over the forecast period, mainly by Germany, France, the United Kingdom, Russia, Italy, Spain, the Netherlands, and the Rest of Europe, which may drive the demand for rotorcrafts in the region.
Understand The Key Trends Shaping This Market
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Factors such as fleet modernization and rising geopolitical tensions are driving the European market
- Europe has a robust and technologically advanced military helicopter market that is driven by various factors, including geopolitical concerns, modernization efforts, and defense budget allocations. The defense budgets of European countries play a crucial role in shaping the military helicopter market. Despite economic challenges, defense spending has remained a priority for many European nations due to rising security concerns. In 2022, Europe spent USD 480 billion on its military, an increase of 13% over 2021. By the end of March 2022, numerous European NATO member nations announced plans to increase military expenditure in reaction to the Russian invasion of Ukraine in February 2022, aiming to meet or exceed the NATO spending target of 2% of GDP or higher.
- During 2017-2022, in terms of fleet procurement, the region procured 20% of the global total fleet. Of these total fleets, the countries that procured most of the fleet were Italy with 33%, followed by Germany with 20%, France and the UK with 13% each, and Spain with 10%.
- Additionally, many European nations are actively engaged in modernizing their military helicopter fleets to meet the evolving security landscape. Upgrading aging platforms with state-of-the-art helicopters enables countries to enhance their operational effectiveness, increase mission versatility, and maintain interoperability with NATO and other allied forces. Germany, France, the United Kingdom, Russia, Italy, Spain, the Netherlands, and the Rest of Europe plan to purchase helicopters from 2023 to 2029. A total of 566 helicopters are expected to be delivered in Europe during the forecast period. During the forecast period, Romania and Hungary also plan to expand their fleet by procuring 60 and 18 helicopters, respectively.
