Market Size of north america military helicopters Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.65 Billion |
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Market Size (2030) | USD 3.59 Billion |
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Largest Share by Body Type | Transport Helicopter |
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CAGR (2024 - 2030) | 5.18 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Military Helicopters Market Analysis
The North America Military Helicopters Market size is estimated at 2.65 billion USD in 2024, and is expected to reach 3.59 billion USD by 2030, growing at a CAGR of 5.18% during the forecast period (2024-2030).
2.7 B
Market Size in 2024 (USD)
3.6 B
Market Size in 2030 (USD)
794
Total Deliveries in the Historic Period (2017-2023)
501
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
56.55 %
value share, Transport Helicopter, 2023
The ability to carry heavy payloads in short, unprepared, and semi-prepared airstrips is driving the country to procure transport helicopter.
Fastest-growing Market by Body Type
7.38 %
Projected CAGR, Transport Helicopter, 2024-2030
The ability to carry troops and equipment to various strategic locations is driving the country to procure transport helicopters.
Largest Market by Country
97.17 %
value share, United States, 2023
The United States' focus on procuring more advanced helicopters to maintain its military supremacy supports the growth of the region's military helicopter market.
Leading Market Player
53.39 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR rotorcraft, and its vast geographical presence enables it to be a leading player.
Second Leading Market Player
33.08 %
market share, Textron Inc., 2022
Several types of military rotorcraft being offered by the company and its broad geographical presence are responsible for its growth, making it the second-largest market player.
Geopolitical challenges and rising defense budgets are the driving factors of the rotorcraft market
- The increase in defense spending across North America has significantly impacted the military helicopter market. Governments are allocating substantial resources to modernize their military capabilities, including upgrading helicopter fleets. As the nature of warfare evolves, defense spending is being directed toward acquiring cutting-edge helicopters equipped with the latest avionics, sensors, and weaponry. The defense expenditure of North America surged around 1% from 2021 to USD 904 billion in 2022.
- Additionally, the United States, Canada, and Mexico face numerous geopolitical challenges and perform counter-terrorism operations. Hence, these countries seek to enhance their aerial capabilities to respond effectively to these threats, which has contributed to the demand for military helicopters. As of 2022, in terms of the active fleet, the US accounted for 92% of the total rotorcraft in North America, while Canada, Mexico, and the Rest of North America accounted for 2%, 3%, and 3%, respectively. Some of the most procured helicopter models are 824 AH-64 Apache attack helicopters and over 513 CH-47D/F/MH-47G, 383 H145 (UH-72A/B), 2,312 S-70/EH/HH/MH/UH-60, 289 MV-22, and 489 S-70/MH-60R/S.
- To improve border security and buy cutting-edge weaponry and technologies, several countries in the region have increased their military budget, which may aid the future expansion of military rotorcraft procurement. For instance, in 2023, the United States planned to procure 119 rotorcraft, including CH-47 Chinook, UH-60 Black Hawk, CH-53K, AH-1Z, and MH-139A. The Mexican government ordered 11 helicopters (four H225M and seven UH-60M) for its Mexican Air Force. As a result of these advancements, the countries in the region are expected to take delivery of 588 rotorcraft.
Understand The Key Trends Shaping This Market
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Rising defense budgets and geopolitical conflicts are driving the demand for helicopter procurement in the region
- Countries in North America, particularly the United States, have been among the first to develop advanced helicopters to counter geopolitical conflicts. Nearly 94% of the military expenditures in the Americas region come from North America. In 2022, the region's defense expenditure totaled USD 912 billion. North America's military expenditures were largely accounted for by the United States (96%), followed by Canada and Mexico, with 3% and 1%, respectively.
- With increased military budgets, various countries in the region may facilitate the expansion of military rotorcraft procurement in the future. In 2023, the United States plans to purchase 119 rotorcraft, including the CH-47 Chinook, the UH-60 Black Hawk, the CH-53K, and the AH-1Z. The Mexican government ordered 11 helicopters (four H225M and seven UH-60M) for the Mexican Air Force.
- As of 2022, in terms of active fleet size, North America held approximately 29% of the total rotorcraft worldwide. Out of the entire region, the United States stood first, operating 92% of rotorcraft, of which 38% are multi-mission helicopters, 58% are transport helicopters, and 4% are other helicopters. The country was followed by Mexico, which operates 3% of fixed-wing aircraft, of which 56% are multi-mission helicopters, 39% are transport helicopters, and 31% are other helicopters. Canada followed Mexico, operating 2% of fixed-wing aircraft, of which 64% are multi-mission helicopters, 21% are transport helicopters, and 16% are other helicopters.
- With the ongoing procurements and modernization plans, the United States may continue to lead the market and generate significant demand for new rotorcraft. During the forecast period, a total of 588 aircraft are expected to be procured by the country.
