Military Helicopter Market: Information by Type (Heavy Cargo, Attack, Reconnaissance, Light Utility, Medium Utility, Maritime, and Search & Rescue), by Procurement Type (New Acquisitions, Upgrades), and by Region — Global Forecast till 2023

Market Scenario

Military helicopters are helicopters that are either upgraded or built for usage by military forces. These helicopters assist in observing as well as in evacuation activities. Military helicopters also offer functionalities such as firing stability, tactical air control and exclusive economic zone protection. These advanced functionalities offered are driving the global military helicopter market.

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Factors such as increasing helicopter fleet manufactured, territorial conflicts and the growing demand for replacement of obsolete fleets are bolstering the market growth. Additionally, factors such as increasing military expenditure by developed economies is also boosting the market growth. However, fluctuations in raw material prices and growing demand for upgradation as against newly built helicopters are expected to hamper the market growth. Stringent government regulations pertaining helicopter manufacturing and flying will also influence the global military helicopter market. For instance, in US, the Federal Aviation Administration provides the design approval to all military helicopter manufacturers.

The global military helicopter market is estimated to register a CAGR of nearly 8.4% during the forecast period of 2018 to 2023.

Based on type, the attack segment accounted for the largest market share owing to factors such as increasing territorial conflicts and growing demand for attack helicopters by various governments is driving the market growth. Based procurement type, new acquisitions accounted for the largest market share owing to factors such as increasing helicopter fleet manufactured.

North America is estimated to account for the largest share during the review period. Presence of prominent players such as Lockheed Martin Corporation, and Boeing among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to factors such as increasing defense expenditure by developing economies such as China and India. Additionally, technological advancements are driving the market growth over the forecast period. 

Key Players

The key players in the global military helicopter market are Lockheed Martin Corporation (US), Boeing (US), BAE Systems (UK), Hindustan Aeronautics Limited (India), Airbus S.A.S (France), Leonardo (Italy), Bell Helicopter Textron Inc. (US), Russian Helicopters, JSC (Russia), Korea Aerospace Industries, Ltd. (South Korea) and KAMAN CORPORATION (US).

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Research Methodology

The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.

Secondary Research

In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.

Primary Research

In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.

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