Major players in the military helicopter market are Airbus, BAE Systems, Boeing, China Aerospace Science and Industry Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo S.
New York, 28 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Military Helicopters Global Market Report 2022” – https://www.reportlinker.com/p06240569/?utm_source=GNW
pA, Lockheed Martin, NHIndustries, Russian Helicopters, Textron, Turkish Aerospace Industries and Kawasaki Aerospace Company.
The global military helicopter market is expected to grow from $49.93 billion in 2021 to $53.91 billion in 2022 at a compound annual growth rate (CAGR) of 8.0%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $69.36 billion in 2026 with a CAGR of 6.5%.
The military helicopter market includes sales of military aircraft by entities (organizations, sole proprietorships, and partnerships) that produce military helicopters. A military aircraft is specifically built or converted for military missions such as troop transport, combat search and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or armed with weapons to attack targets in ground.
Only goods and services exchanged between entities or sold to final consumers are included.
The main types of military helicopters are light military helicopters, medium military helicopters and heavy military helicopters. The components and systems used are airframes, main rotor systems, anti-torque systems, electrical systems, hydraulic systems, avionics, systems, control systems, undercarriages, control systems environment, emergency services, special purpose systems, engines and number of engines are single and twin.
Various applications include Military Utility Helicopter, Military Transport Helicopter, Military Attack/Assault Helicopter, Military Search and Rescue Helicopter, Military Multi-Purpose Helicopter, Military recognition and observation. Utility military helicopters are extremely adaptable aircraft that excel in a variety of environments. .
These helicopters can be used for a variety of missions ranging from reconnaissance and attack to transport and evacuation.
Asia-Pacific is the largest region in the military helicopter market in 2021. Western Europe is expected to be the fastest growing region.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in military expenditures has contributed to the growth in the growth of the military helicopter market. According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached $1.917 billion in 2019, 3.6% more than the previous year, and the highest annual growth in spending since 2010. The United States, China, India, Russia and Saudi Arabia together accounted for 62% of total global spending. Additionally, global military spending accounted for 2.2% of global gross domestic product (GDP) in 2019. Growth in military spending has led to an increase in the purchase of warships, submarines, aircraft, and of helicopters, thus generating higher revenues for military helicopters. Marlet.
Strict regulations imposed on the manufacturing and maintenance of military helicopters are expected to limit the growth of the military helicopter market. The process of aircraft manufacturing and maintenance is heavily regulated by government organizations in each country.
According to the Journal of Aeronautics & Aerospace Engineering, maintenance, repair and overhaul (MRO) organizations must be approved by aviation authorities such as the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) . the manufacturing and maintenance process must be certified and authorized.
This scenario is expected to limit the growth of the military helicopter market during the forecast period.
Technological advancements in the manufacturing process of helicopters are shaping the military helicopter market. The global helicopter industry is undergoing a substantial transformation in recent years.
Significant technological advances including extensive use of additive manufacturing, computational structural dynamics modeling, advanced condition monitoring (CBM), fly-by-wire controls, health and usage monitoring systems (HUMS) and advanced turbine engine programs promise great strides forward. in rotorcraft capabilities. For example, in July 2019, the Russian Helicopters Holding Company announced plans to redesign and manufacture around 30 helicopter parts using 3D printing technology.
Countries covered in the Military Helicopters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and the United States.
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