Market Size of Asia-Pacific Attack Helicopter Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.53 Billion |
| Market Size (2029) | USD 2.14 Billion |
| CAGR (2024 - 2029) | 7.02 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Attack Helicopter Market Analysis
The Asia-Pacific Attack Helicopter Market size is estimated at USD 1.53 billion in 2024, and is expected to reach USD 2.14 billion by 2029, growing at a CAGR of 7.02% during the forecast period (2024-2029).
Asia-Pacific region is marked by the presence of major military powers such as India, China, Japan, South Korea, etc. who are increasing their defense budget every year. A large part of this budget is going into the upgradation and enhancement of air superiority in the region. This factor is propelling the market growth for attack helicopters in the Asia-Pacific region.
Factors such as a rise in armed conflict, terrorism, border tensions, territory breaches, violations, etc. are fueling the demand for attack helicopters. Also, the armed forces in the region are enhancing the effectiveness (in terms of lethality, situational awareness, etc.) of attack helicopters with advanced technologies to have a tactical advantage over the enemy. The rapid adoption of advanced stealth technology to increase the lethality of helicopters and reduce sound and heat signatures is anticipated to help the market grow in the coming future.
Asia-Pacific Attack Helicopter Industry Segmentation
An attack helicopter is a specialized piece of military equipment that is employed by the army, navy, and air force for various operations on the battlefield. This type of helicopter is equipped with a diverse array of weapons, including automatic cannons, machine guns, anti-tank guided missiles, rockets, anti-ship missiles, and air-to-air missiles. Its primary uses encompass countering armored vehicles, providing close-air support to ground forces, conducting armed reconnaissance, facilitating light troop transport, as well as executing deep penetration missions.
The Asia-Pacific attack helicopter market is segmented based on platform and geography. By platform, the market is segmented into army, navy, and air force. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Platform | |
| Army | |
| Navy | |
| Airforce |
| Geography | |||||||
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Asia-Pacific Attack Helicopter Market Size Summary
The Asia-Pacific attack helicopter market is experiencing significant growth, driven by the increasing defense budgets of major military powers in the region, such as India, China, Japan, and South Korea. These countries are focusing on enhancing their air superiority capabilities, which is propelling the demand for attack helicopters. The market is further fueled by rising armed conflicts, terrorism, and border tensions, prompting armed forces to upgrade their helicopter fleets with advanced technologies for improved lethality and situational awareness. The adoption of stealth technology to enhance helicopter performance is also expected to contribute to market expansion. The Army segment is anticipated to witness the highest growth, supported by procurement and fleet modernization plans in countries like India, Japan, and South Korea.
China's substantial defense investments and modernization programs are significantly impacting the military helicopter segment's growth. The country's aggressive weaponry modernization, driven by border issues and regional tensions, is boosting domestic and global demand for attack helicopters. The market is highly consolidated, with key players like Boeing, Airbus, Hindustan Aeronautics Limited, Leonardo S.p.A., and Rostec State Corporation holding significant shares. Collaborations between local defense manufacturers and global players are enhancing domestic production capabilities. Notable developments, such as Australia's acquisition of AH-64E Apache helicopters and the involvement of Australian companies in supplying components, are expected to bolster the growth of domestic players in the region.
Asia-Pacific Attack Helicopter Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Platform
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2.1.1 Army
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2.1.2 Navy
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2.1.3 Airforce
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest Of Asia-Pacific
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Asia-Pacific Attack Helicopter Market Size FAQs
How big is the Asia-Pacific Attack Helicopter Market?
The Asia-Pacific Attack Helicopter Market size is expected to reach USD 1.53 billion in 2024 and grow at a CAGR of 7.02% to reach USD 2.14 billion by 2029.
What is the current Asia-Pacific Attack Helicopter Market size?
In 2024, the Asia-Pacific Attack Helicopter Market size is expected to reach USD 1.53 billion.
