What Factors Propelled The Growth Of The Military Helicopters Market In The Past?
The military helicopters market has seen considerable growth due to a variety of factors.
• The market size for military helicopters has seen significant growth in the past years. This growth is expected to increase from $47.16 billion in 2024 to $50.4 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.9%.
Factors that contributed to the growth during the historic period include a rise in military spending, growing demand for lighter helicopters, increased needs for assault and transport helicopters, as well as low interest rates.
What Is the Forecasted Market Size and Growth Rate for The Military Helicopters Market?
The military helicopters market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for robust expansion in the military helicopters market within the coming years. The projected value is an impressive $62.41 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.5%.
This anticipated increase during the forecast period is associated with a rise in territorial and political tensions, rapid technological advancement, and the development of highly sophisticated military helicopters. The forecast period is expected to witness trends such as integrating recent technology upgrades and enhancements like dynamic modeling and fly by wire controls into lightweight helicopter designs, assimilating IoT systems, the introduction of artificial intelligence technology, the potential use of 3D printing technology to manufacture cost-effective lightweight components, considering a single engine operating system to decrease noise pollution, incorporating autonomous systems, and refining helicopter maintenance procedures.
What Are The Key Drivers Fueling Growth In The Military Helicopters Market?
The expansion of the military helicopter market has been fueled by rising military expenditure. The Stockholm International Peace Research Institute (SIPRI), a non-government organization based in Sweden, reported in April 2024 that worldwide military spending hit $2,443 billion in 2023, a 6.8% real-terms increase from 2022. This surge in military spending promoted the purchase of warships, submarines, aircraft, and helicopters, which in turn boosted the revenue of the military helicopter market.
What Are The Main Segments Of The Global Military Helicopters Market?
The military helicopters market covered in this report is segmented –
1) By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter
2) By Component & System: Main Rotor Systems, Electrical Systems, Hydraulic Systems, Avionics, Flight Control Systems, Undercarriages, Protection Systems, Other Component & Systems
3) By Number of Engines: Single, Twin Engine
4) By Application: Utility Military Helicopter, Transport Military Helicopter, Attack/Assault Military Helicopter, Search and Rescue Military Helicopter, Multi-Role Military Helicopter, Reconnaissance and Observation Military Helicopter
Subsegments:
1) By Light Military Helicopter: Attack Light Helicopters, Reconnaissance Light Helicopters, Utility Light Helicopters
2) By Medium Military Helicopter: Multi-Role Medium Helicopters, Transport Medium Helicopters, Attack Medium Helicopters
3) By Heavy Military Helicopter: Transport Heavy Helicopters, Heavy Lift Helicopters, Specialized Heavy Helicopters
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What Emerging Trends Are Influencing The Growth Of The Military Helicopters Market?
The military helicopter market is being molded by technological innovations in the production process of helicopters. The worldwide helicopter sector has been undergoing substantial changes recently. Several key tech breakthroughs, encompassing the extensive utilization of additive production, computation structural dynamics modeling, advanced condition-based upkeep (CBM), fly-by-wire control systems, health and usage observation systems (HUMS) and advanced turbine engine projects are ushering in major enhancements in the functionality of rotorcraft. For example, Steadicopter Ltd., an Israeli firm that designs and manufactures Rotary Unmanned Aircraft Systems, launched the Black Eagle 50H in February 2022, capable of being powered by both gas and electric sources. The ability to fly for up to five hours at a stretch and its extensive range render it apt for numerous applications. The objective of the Black Eagle is to deliver solutions for intelligence, surveillance, target identification, and information gathering on both land and sea (ISTAR).
Who Are the Key Players in the Military Helicopters Market?
Major companies operating in the military helicopters market include:
• The Boeing Company
• Airbus
• Russian Helicopters
• Lockheed Martin
• Leonardo SpA
• China Aerospace Science and Industry Corporation
• Textron Inc.
• BAE Systems
• Hindustan Aeronautics Limited
• Changhe Aircraft Industries Corporation
• TATA Advanced Systems
• Korea Aerospace Industries
• Kawasaki Aerospace Company
• NHIndustries
• Kazan Helicopters
• MD Helicopters. Inc.
• Kaman Aircraft
• Cicaré S.A.
• Embraer S.A.
• Empresa Nacional de Aeronautica (ENAER)
• Calidus LLC
• Israel Aerospace Industries
• Denel Aerostructures (Pty) Ltd
What Is The Most Dominant Region In The Military Helicopters Market?
Asia-Pacific was the largest region in the military helicopters market in 2024. Western Europe is expected to be the fastest-growing region in the global military helicopters market share during the forecast period. The regions covered in the military helicopters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
