The Military Rotorcraft Market is expected to grow at a CAGR of around 3% during the forecast period. Several countries have increased their defense spending for strengthening their border security, and also for the procurement of advanced weapons and technologies. Recent unrest and political tensions between India, Pakistan, and China; testing of nuclear weapons by North Korea; and unrest in Syria has forced the neighboring nations to strengthen their armed forces.
The global military spending accounted for as much as USD 1739 billion for the year 2016 – 2017, which is 2.2% of their GDP. US, China, Saudi Arabia, Russia, and India were among the top countries in terms of budget allocated to defense. One of the key factors contributing to this is the increase in demand for military rotorcraft, as the weapons fired aerially can be more effective and lethal and will have a higher range of operation. Globally, Multi-mission helicopters are expected to account for the largest share of expenditure in the global military rotorcraft market followed by Attack helicopters during the forecast period The Global Military Rotorcraft market has also been witnessing the development of unmanned rotorcrafts.
Military rotorcraft market consists of six different categories. They are:-
- Attack helicopters
- Maritime helicopters
- Reconnaissance helicopters
- Training helicopters
- Transport helicopters
- Multi-mission helicopters
Advanced rotorcraft types, like the King Stallion, a smart helicopter that can fly itself and has world-class self-defense weapons and incorporates advanced lightweight armor-enhanced ballistic protection; the X6 Military Helicopter, a quieter aircraft that is made of advanced materials and has features like advanced low-noise blade technologies; and the RACER (Rapid and Cost-Effective Rotorcraft) Helicopter which is a futuristic-looking helicopter for search and rescue purposes and is 50 percent faster than today’s regular helicopters. It has a very distinctive look in part due to the “box wing," which can help reduce drag, while improving fuel efficiency.
The cut in defense budgets has slow down the military rotorcraft market. Also, lack of maintenance, repair, and overhaul services has decreased the demand for rotorcraft.
Advancement in technology, the necessity for the replacement of aging helicopters, increase in disasters, and rising territorial disputes are some of the driving factors for the use of aerial vehicles.
Source: Mordor Intelligence Analysis
Key Players: Textron, Inc., Boeing, MD Helicopters INC., Airbus S.A.S, Lockheed Martin Corporation, amongst others.
May 2016: Four-blade, twin-engine versions produced by Bell Helicopter in Amarillo, Texas serve as the primary light utility and attack helicopters of the US Marine Corps, with ruggedized composite airframes designed specifically for the most corrosive salty and sandy environments.
Dec 2017: Bell Helicopter’s advanced V-280 Valor tilt rotor prototype finally took its maiden flight at a test facility in Amarillo, Texas.
May 2018: The Czech Republic will receive 12 UH-1Y Venom helicopters from Bell.
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. MARKET INSIGHTS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
5. MILITARY ROTORCRAFT MARKET, SEGMENTED BY TYPE
5.1 Attack helicopters
5.2 Maritime helicopters
5.3 Reconnaissance helicopters
5.4 Training helicopters
5.5 Transport helicopters
5.6 Multi-Mission helicopters
6. MILITARY ROTORCRAFT MARKET, SEGMENTED BY GEOGRAPHY
6.1 North America
6.1.1 United States
6.1.3 Rest of North America
6.2.1 United Kingdom
6.2.6 Rest of Europe
6.3.4 Rest of Asia-Pacific
6.4 Middle-East and Africa
6.4.1 Saudi Arabia
6.4.3 South Africa
6.4.4 Rest of Middle-East and Africa
6.5 South America
6.5.2 Rest of South America
7. COMPETITIVE LANDSCAPE
7.2 Market Share Analysis
8. COMPANY PROFILES
8.1 Textron, Inc.
8.3 Korea Aerospace Industries, LTD.
8.4 Changhe Aircraft Industries Corporation
8.5 Hindustan Aeronautics Limited (HAL)
8.6 MD Helicopters, INC.
8.7 Turkish Aerospace Industries Inc
8.8 Russian Helicopters, JSC
8.9 Airbus S.A.S
8.11 Lockheed Martin Corporation
8.12 Leonardo S.p.A.
9. FUTURE MARKET OUTLOOK