Global Military Helicopters Market Size is Expected to Reach $56,274.8 million in 2030

Military Helicopters

Market Size Analysis:

According to a report by Altus Market Research titled, “Global Military Helicopters Market Analysis By Type; By Application; By Number of Engines: (Single; Twin Engine) By Component & System: 2022 Opportunities And Strategies To 2030” the military helicopters market size reached a value of nearly $35,575.1 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.1% since 2015. The market is expected to grow from $35,575.1 million in 2020 to $46,103.7 million in 2025 at a rate of 5.3%. The market is then expected to grow at a CAGR of 4.1% from 2025 and reach $56,274.8 million in 2030.

Market Growth Drivers:

Growth in the historic period resulted from increasing military expenditure, increasing demand for lightweight helicopters, demand for attack and transport helicopters and low interest rates.

Going forward, increase in territorial and political conflicts, rapid advances in technology and increasingly advanced military helicopters will drive the growth. Factors that could hinder the growth of the military helicopters market in the future include stringent regulations, poor aviation infrastructure, increased cyber-attacks, geo-political tensions and the coronavirus pandemic.

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Market Growth by Segments:

The military helicopters market is segmented by type into light military helicopters, medium military helicopters and heavy military helicopters.

The heavy military helicopters market was the largest segment of the military helicopters market segmented by type, accounting for 39.1% of the total in 2020. Going forward, the light military helicopters market is expected to be the fastest growing segment in the military helicopters market segmented by type, at a CAGR of 5.7% during 2020-2025.

Market Growth by Applications:

The military helicopters market is also segmented by application into utility military helicopter, transport military helicopter, attack/assault military helicopter, search and rescue military helicopter, multi-role military helicopter, reconnaissance and observation military helicopter. The attack/assault military helicopter market was the largest segment of the military helicopters market segmented by application, accounting for 25.2% of the total in 2020. Going forward, the attack/assault military helicopter segment is expected to be the fastest growing segment in the military helicopters market segmented by application, at a CAGR of 5.37% during 2020-2025.

Market Growth by number of engines:

The military helicopters market is also segmented by number of engines into single, and twin engine. The single market was the largest segment of the military helicopters market segmented by number of engines, accounting for 53.4% of the total in 2020. Going forward, the twin engine segment is expected to be the fastest growing segment in the military helicopters market segmented by number of engines, at a CAGR of 5.7% during 2020-2025.

Market Growth by component & system:

The military helicopters market is segmented by component & system into main rotor systems, electrical systems, hydraulic systems, avionics, flight control systems, undercarriages, protection systems, and others. The electrical systems market was the largest segment of the military helicopters market segmented by component & system, accounting for 40.8% of the total in 2020. Going forward, the, electrical systems segment is expected to be the fastest growing segment in the military helicopters market segmented by component & system, at a CAGR of 6.9% during 2020-2025.

Market Growth by Region:

Asia Pacific was the largest region in the military helicopters market, accounting for 30.8% of the total in 2020. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the military helicopters market will be Eastern Europe, and, Asia-Pacific where growth will be at CAGRs of 7.4% and 6.1% respectively. These will be followed by Western Europe, and Middle East, where the markets are expected to grow at CAGRs of 5.1% and 4.7% respectively.

Market Growth by Investment Opportunities:

The top opportunities in the military helicopters market segmented by type will arise in the light military helicopters segment, which will gain $3,978.3 million of global annual sales by 2025. The top opportunities in segment by application will arise in the attack/assault military helicopters segment, which will gain $2,681.0 million of global annual sales by 2025. The top opportunities in segment by number of engines will arise in the twin engine segment, which will gain $5,267.8 million of global annual sales by 2025. The top opportunities in segment by component & system will arise in the electrical systems segment, which will gain $5,747.5 million of global annual sales by 2025. The military helicopters market size will gain the most in the USA at $2,070.2 million.

Competitive Landscape –

The global military helicopters market is concentrated, with a small number of large players. The top ten competitors in the market made up to 72.15% of the total market in 2020. The logistics of military helicopters creation, high technical abilities, and regulatory approvals makes it a market with high entry barriers and has been dominated by major players for many years. The Boeing Company was the largest competitor with 14.76% share of the market, followed by Airbus with 12.45%, Russian Helicopters with 10.13%, Lockheed Martin with 8.99%, Leonardo SpA with 6.20%, China Aerospace Science and Industry Corporation with 5.34%, Textron Inc. with 4.35%, Raytheon Technologies with 4.12%, BAE Systems with 3.94%, and Hindustan Aeronautics Limited with 1.88%.

Other Players

TATA Advanced Systems, Korea Aerospace Industries, Kawasaki Aerospace Company, Subaru Corporation, Mitsubishi Electric, Dassault Aviation, NHIndustries, Bell Textron, Kazan Helicopters, Cicaré S.A., Embraer S.A., Empresa Nacional de Aeronautica, Bearing Man Group (Pty) Ltd, Menzies Aviation (Handling) (Pty) Ltd, Denel Aerostructures (Pty) Ltd, Precision Aviation Helicopters (Pty) Ltd, Stellair cc

Strategies by Key Players:

Player-adopted strategies in the military helicopters market include delivering military helicopters through partnerships, strengthening maintenance, repair, and overhaul (MRO) capabilities through acquisition of companies with same business, including new and advanced military helicopters in product portfolios, enhancing business by forming long term contracts and adding new helicopters with better features.

Market: Trend-based Strategies

Market-trend-based strategies for the military helicopters market include implementing technological advancements and development such as dynamics modeling and, fly by wire controls into lightweight helicopter products, integrating IoT systems into products to stay competitive in the market, implementing artificial intelligence technology into their products in order to stay competitive in the market, consider using 3D printing technology to manufacture lightweight parts at low costs, consider adopting to single engine operative mode for helicopters to reduce noise, fuel emissions and to be more environmentally friendly, implementing autonomous system into the helicopters for a full upgraded autonomous function to stay competitive in the market and consider partnering or collaborating with smaller companies in order to save high cost and improve helicopter maintenance.

Growth Strategies by Altus Market Research for Companies in the Market:

To take advantage of these opportunities, The Altus Market Research recommends the military helicopter companies to invest in IOT technologies, focus on autonomous helicopters, Adopting Single Engine Operative Mode In Helicopters, and advanced technologies, expand in emerging markets, outsource operational activities to low cost countries, offer competitive pricing, participate in trade events, focus on post purchase services and partnerships & collaborations.