Market Size of Military Rotorcraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Military Rotorcraft Market Analysis
The military rotorcraft market is estimated to register a CAGR of more than 4% during the forecast period (2022-2027).
Due to the COVID-19 pandemic, the market of military helicopters was significantly affected as there were supply chain disruptions in the defense sector due to the imposition of lockdowns globally. This led to a significant decrease in total manufactured and delivered military helicopters in 2020. However, as the lockdowns were lifted in 2021, supply chain disruptions subsided, thereby leading to the recovery in the deliveries of helicopters to pre-pandemic levels.
The increasing military spending of the countries globally due to geopolitical tensions and border issues is accelerating their plans towards procuring new aircraft and helicopters to enhance their aerial capabilities. Furthermore, the countries are investing in modernizing existing helicopters with new equipment to strengthen their capabilities. Such investments into procurement and modernization of the military helicopter fleet are expected to propel the market growth during the forecast period.
In addition to procurement, the governments and armed forces globally are investing in developing new helicopter models with advanced sensor suites for situational awareness, communication suite, and weapon systems, among others. Such investments into developing new helicopter programs are anticipated to boost the market's growth in the future.
