Market Size of military helicopters Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.60 Billion |
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Market Size (2030) | USD 10.21 Billion |
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Largest Share by Body Type | Multi-Mission Helicopter |
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CAGR (2024 - 2030) | 2.90 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Military Helicopters Market Analysis
The Military Helicopters Market size is estimated at 8.60 billion USD in 2024, and is expected to reach 10.21 billion USD by 2030, growing at a CAGR of 2.90% during the forecast period (2024-2030).
8.6 B
Market Size in 2024 (USD)
10.2 B
Market Size in 2030 (USD)
2243
Total Deliveries in the Historic Period (2017-2023)
2496
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
46.98 %
value share, Multi-Mission Helicopter, 2023
The ability to perform various combat missions is attracting various countries to focus more on the procurement of these helicopters.
Largest Market by Region
38.25 %
value share, North America, 2023
Various ongoing military modernization programs aimed at procuring advanced rotorcraft across the region are anticipated to drive the market's growth.
Largest Market by Country
35.68 %
value share, United States, 2023
The United States' focus on procuring more advanced helicopters to maintain its military supremacy supports the growth of the military helicopter market.
Leading Market Player
31.07 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR rotorcraft. Its vast geographical presence enables it to be a leading player.
Second Leading Market Player
20.53 %
market share, Textron Inc., 2022
Textron also dominates the market at a global level with its extensive range of product offerings, including various types of military helicopters.
The multi-mission helicopter segment is expected to generate the highest demand in the overall military helicopters market to counter various emerging threats
- There is an increase in the use of rotorcraft due to increased military conflicts, terrorism, border disputes, territory invasions, and violations. A number of regional armed forces are also upgrading their helicopters with cutting-edge technologies to gain a military advantage over their adversaries. In addition to providing close air support to troops and destroying enemy armor, multi-mission helicopters can be used for anti-tank missions.
- During the historical period, the multi-mission helicopter was the most procured model, accounting for 49% of the total military helicopter fleet, followed by other rotorcrafts (utility helicopters, maritime helicopters, anti-submarine warfare helicopters, and training helicopters) and transport helicopters, which accounted for shares of 37% and 13%, respectively. During the same period, some of the most procured rotorcraft models were the UH-60 series helicopter with 409 procurements, followed by AH-1Z and CH-47D/F with 180 and 173 aircraft procurements, respectively.
- Furthermore, the demand for military helicopters has been fueled by several factors, such as the changing nature of modern warfare, characterized by asymmetric threats and complex operational environments, which has necessitated the need for highly adaptable and flexible platforms. The rise of hybrid warfare conventional and unconventional tactics has also increased the demand for helicopters with advanced ISR capabilities. Factors such as these are expected to drive the demand for military aircraft procurement. During the forecast period, a total of 2,854 rotorcraft are expected to be delivered globally.
Understand The Key Trends Shaping This Market
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Rising geopolitical threats associated with increasing defense budgets are driving the market
- The global military helicopter market witnessed significant growth over the years, driven by increasing defense budgets, evolving security threats, and advancements in helicopter technology. Military helicopters play a crucial role in modern warfare, providing rapid transport, close air support, and combat capabilities.
- In 2022, the war between Russia and Ukraine further fueled the defense budgets across various countries and the need to reassess the operational readiness of the armed forces globally. The global military expenditure rose by 3.7% in 2022 to reach a record high of USD 2240 billion. Russia’s invasion of Ukraine was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, which together accounted for 63% of world military spending.
- In terms of military helicopter procurements during 2017-2022, North America dominates the market, with 38% of the total helicopter fleet, primarily driven by the United States. The United States has the largest military helicopter fleet globally, with 32% of the global share. Asia-Pacific is another significant market, with a share of 25%, due to the increasing defense budgets of countries like China and India. Europe has witnessed a substantial growth of 20%, with countries like Russia, France, Germany, and the United Kingdom investing in helicopter modernization programs. The Middle East and Africa and South America are also investing in military helicopters to enhance their defense capabilities and have a share of 15% and 3% respectively. Due to such developments, the global rotorcraft aircraft market is expected to procure around 2,854 helicopters between 2023 and 2030.
