Market Share of Military Rotorcraft Industry
The market for military rotorcraft is highly competitive, with few players accounting for the majority share of the market. Lockheed Martin Corporation, Boeing Company, Textron Inc., Rostec, and Leonardo SpA are some of the prominent players in the market. In 2021, Boeing delivered 83 AH-64 Apache (compared to 71 in 2020) and 20 CH-47 Chinook (compared to 30 in 2020). With support from the government, the companies are increasing their geographic presence in the market through new contracts with government agencies and armed forces in various regions. On this note, the Italian Secretariat General of Defence/National Armaments Directorate signed an acquisition contract with Leonardo in January 2022 to provide AW169M Light Utility Helicopters (LUH) to the Austrian Ministry of Defence. The contract was worth EUR 346 million (USD 422.8 million) and was signed under the Italy-Austria Government-to-Government (G2G) agreement. In addition to international players, local players like Hindustan Aeronautics Limited (HAL), Korea Aerospace Industries Ltd, and Turkish Aerospace, among others, are entering the market of military helicopters with the development of new and advanced helicopter models. The long-term contracts of helicopter OEMs with the armed forces for developing and delivering new helicopter programs are expected to help them increase their footprint in the market in the future.
Military Rotorcraft Market Leaders
The Boeing Company
Textron Inc.
Rostec
Leonardo S.p.A.
Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
