In order to understand the future market size of this military rotorcraft market, it is necessary to first understand the various segments of the industry. Military helicopters play a significant role in military operations. They can carry cargo and personnel to areas that are otherwise inaccessible and can also perform aerial reconnaissance and fire support. The global market for military rotorcraft has been segmented into three main applications: attack, transport SAR, and anti-submarine warfare/maritime. Several countries are increasing their defense spending to ensure their borders are secure. Also, a recent increase in disasters and technological advancements are boosting demand for military rotorcraft.
Several developing countries are launching ambitious acquisition programs and are building domestic manufacturing capabilities.
Although the United States and Europe are traditionally the largest defense expenditures, the US and Europe are currently facing severe economic crises and a debt crisis. The emerging markets of Europe and Asia are expected to drive the market growth, but the US and Europe are not immune to these issues. Therefore, the overall market for military rotorcraft is expected to be relatively stable between 2012 and 2023.
The report also considers the factors that drive the global military rotorcraft market and the projected growth rates for each segment. The report provides detailed forecasts on the projected total expenditure and growth rate for each product segment. In addition to this, a significant number of countries are investing in the development of their own domestic military aircraft industries. Moreover, these nations are also establishing technology transfer agreements with global manufacturers in order to improve the indigenous capabilities of defense firms and cater to a new market.
The report also analyses the market for modernisation, upgrade, and retrofit of military aircraft. It identifies market opportunities, technological trends, and expert opinions, and assesses the competitive forces in the industry. The study aims to help companies gain competitive advantage. With the help of this report, they can improve their businesses, improve their organisations, and boost their competitiveness. This report can help businesses and organizations better understand the potential of the military aircraft industry.
The global military rotorcraft market is largely driven by the U.S. Air Force, which has recently increased its spending on the industry. These aircraft have various functions, including surveillance, reconnaissance, and communications. Lockheed Martin engineers have mated a multi-beam assembly that hosts 16 ultra-high frequency antennas. Lockheed Martin has also delivered the communications system module. The market for these aircraft is expected to grow at a CAGR of 5.83% in the next five years.
The global military rotorcraft market is segmented based on aircraft type.
Commercial aircraft lead the market, followed by general aviation, military, and civil helicopter. Commercial aircraft, on the other hand, have the largest share, mainly because of their high production rates. For instance, commercial aircraft feature a large number of features and technologies. Furthermore, commercial aircraft are also prone to developing a significant number of advanced military systems, including unmanned aerial vehicles.