Published on : May 09, 2017
Albany, New York, May 09, 2017: The report states that the global market for military rotorcraft will exhibit a healthy 4.14% CAGR over the period between 2017 and 2027. The primary growth driver of the global military rotorcraft market will be the rising need for replacing aging fleets and enhancing the disaster relief capabilities of countries across the globe.
The report presents a detailed analytical overview of the global military rotorcraft market, with forecasts covering ten years from 2017 to 2027. The report presents an analysis of the key factors expected to influence the global demand for military rotorcrafts, challenges faced by industry participants, and major trends.
The report observes that governments across the globe are increasingly following a pattern of procuring helicopters with multiple functionalities for use across multiple missions. The volatile economies conditions faced by most developed economies presently and the resultant decline in defense spending are bolstering this trend. As a result, helicopters with multiple functionalities such as air assault, surveillance, ground attack, humanitarian aid, rescue operations, and troop transport are witnessing an increased level of demand across the globe. The report states that driven on the back of these factors, the segment of multi-mission and maritime helicopters is expected to account for a massive 43.7% of the overall market by the end of the forecast period.
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The market is also driven due to the rising disputes over offshore natural resources and maritime borders. Also, the need for mission-critical machinery to face challenges from external as well as internal security threats is compelling governments to spend on helicopters with advanced functionalities. It has been observed that governments are spending on these resources despite facing financial restrictions.
Countries are also focusing more on strengthening their defense capabilities to be prepared to fight back terrorism and territorial disputes. A significant rise in defense spending in China has led other countries to increase their military spending so as to maintain a correct balance of military power. These factors are expected to have a significant positive influence on the overall development of the global military rotorcraft market over the report’s forecast period.
The report presents a detailed analysis of the competitive landscape of the market along with an overview of popular growth strategies adopted by key players in the past few years. Some of the leading players operating in the global military rotorcraft market profiled in the report are Bell Helicopter Textron Inc., Sirkorsky, Leonardo S.p.A, Boeing, Changhe Aircraft Industries Group Co., Ltd., Hindustan Aeronautics Limited, Korea Aerospace Industries, Airbus Helicopters, Turkish Aerospace Industries, Enstorm Helicopter Corporation, Lockheed Martin Corporation, MD Helicopters, Russian Helicopters, JSC, Lockheed Martin Corporation, Rolls-Royce, and Helibras.
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