Market Size of asia-pacific military helicopters Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.50 Billion |
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Market Size (2030) | USD 2.21 Billion |
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Largest Share by Body Type | Multi-Mission Helicopter |
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CAGR (2024 - 2030) | -2.00 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Military Helicopters Market Analysis
The Asia-Pacific Military Helicopters Market size is estimated at 2.50 billion USD in 2024, and is expected to reach 2.21 billion USD by 2030, growing at a CAGR of -2.00% during the forecast period (2024-2030).
2.5 B
Market Size in 2024 (USD)
2.2 B
Market Size in 2030 (USD)
619
Total Deliveries in the Historic Period (2017-2023)
936
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
68.96 %
value share, Multi-Mission Helicopter, 2023
The ability to perform various combat missions is attracting several countries to focus more on the procurement of these helicopters.
Largest Market by Country
39.27 %
value share, China, 2023
Rising conflicts in Asia-Pacific and several border issues with neighboring countries have prompted the country to spend more on its military.
Leading Market Player
11.52 %
market share, Hindustan Aeronautics Limited, 2022
An extensive range of product offerings that include multi-mission helicopters, transport helicopters, and other helicopters for various countries is expected to support company's domination in the region.
Second Leading Market Player
9.29 %
market share, Turkish Aerospace Industries, 2022
The company's wide range of military helicopters is responsible for its market penetration in the region, making it the second-largest market player.
Third Leading Market Player
9.11 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR rotorcraft, and its vast geographical presence allows it to be third leading player.
The multi-mission helicopters are expected to dominate the rotorcraft segment due to the large number of procurements
- Rotorcraft demand is fueled by increasing military conflict, terrorism, border disputes, territory breaches, and violations. To gain a military advantage over the opposition, major armed forces in the region, such as China and India, are focusing on upgrading their aging helicopter fleets and acquiring technologically advanced platforms to enhance their combat capabilities.
- In 2022, rotorcraft accounted for 52% of the total aircraft deliveries in the region. In terms of military helicopter procurements from 2017 to 2022, 490 military helicopters were procured in Asia-Pacific.
- In Asia-Pacific, China, Japan, and India are expected to purchase most of the helicopters during the forecast period. China is expected to purchase over 500 Russian Mi-17 helicopters. By 2039, Japan plans to purchase 150 Bell 412 helicopters. Around 90 helicopters are being planned to be purchased by India, including 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, and six AH-64Es. All these helicopters are expected to be delivered by 2028.
- In 2022, training and transport rotorcraft accounted for 2% and 11% of the total rotorcraft aircraft deliveries in the region. South Korea planned to procure 29, and Australia plans to procure 36 AH-64E attack helicopters by 2023 and 2027, respectively. Small nations such as Indonesia intend to procure 14 H225M and nine Bell 412i helicopters, respectively, while Malaysia may acquire six MD 530 and three AW 139 helicopters. Around 1093 rotorcraft are expected to be delivered in the region during the forecast period.
Rising modernization of defense forces is leading to a surge in demand for military helicopters
- Several countries in Asia-Pacific are actively modernizing their defense forces to enhance their combat capabilities, leading to a surge in demand for military helicopters. In terms of military helicopter procurements during 2017-2022, 462 military helicopters were procured in Asia-Pacific. China procured most of the helicopters in the region with a share of 46%. Followed by China and India, South Korea has the largest share, with 20% and 9%, respectively.
- Additionally, the expansion of defense budgets in the region is a significant driver of this modernization drive. In 2022, the combined military expenditure of countries in Asia and Oceania was USD 575 billion. This was 2.7% more than in 2021. The growth in spending in 2022 was mostly attributed to increases in expenditure by China, India, and Japan, which together accounted for almost 73% of regional spending.
- Furthermore, the demand for multi-role helicopters in the region is on the rise as various governments are seeking versatile platforms that can perform a wide range of missions. Multi-role helicopters offer flexibility and cost-effectiveness by reducing the need for multiple specialized platforms, and this trend is driving the procurement of these helicopters. China, Japan, and India plan to procure the highest number of helicopters. China will procure 500 Mi-17 helicopters from Russia. Japan will procure 150 Bell 412 helicopters by 2039. India will procure around 102 helicopters, including 24 MH-60R, 34 Dhruv ALH, 26 SA-315, 12 Dornier 228, and 6 AH-64E. All these helicopters will likely be delivered by 2030. With such developments in place during 2023-2030, a total of 1,093 helicopters are expected to be procured by various armed forces in the region.
Asia-Pacific Military Helicopters Industry Segmentation
Multi-Mission Helicopter, Transport Helicopter, Others are covered as segments by Body Type. Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand are covered as segments by Country.
- Rotorcraft demand is fueled by increasing military conflict, terrorism, border disputes, territory breaches, and violations. To gain a military advantage over the opposition, major armed forces in the region, such as China and India, are focusing on upgrading their aging helicopter fleets and acquiring technologically advanced platforms to enhance their combat capabilities.
- In 2022, rotorcraft accounted for 52% of the total aircraft deliveries in the region. In terms of military helicopter procurements from 2017 to 2022, 490 military helicopters were procured in Asia-Pacific.
- In Asia-Pacific, China, Japan, and India are expected to purchase most of the helicopters during the forecast period. China is expected to purchase over 500 Russian Mi-17 helicopters. By 2039, Japan plans to purchase 150 Bell 412 helicopters. Around 90 helicopters are being planned to be purchased by India, including 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, and six AH-64Es. All these helicopters are expected to be delivered by 2028.
- In 2022, training and transport rotorcraft accounted for 2% and 11% of the total rotorcraft aircraft deliveries in the region. South Korea planned to procure 29, and Australia plans to procure 36 AH-64E attack helicopters by 2023 and 2027, respectively. Small nations such as Indonesia intend to procure 14 H225M and nine Bell 412i helicopters, respectively, while Malaysia may acquire six MD 530 and three AW 139 helicopters. Around 1093 rotorcraft are expected to be delivered in the region during the forecast period.
| Body Type | |
| Multi-Mission Helicopter | |
| Transport Helicopter | |
| Others |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Philippines | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
Asia-Pacific Military Helicopters Market Size Summary
The Asia-Pacific military helicopters market is experiencing a dynamic phase driven by geopolitical tensions and the need for advanced military capabilities. Countries like China, India, and Japan are at the forefront of this trend, focusing on upgrading their helicopter fleets to maintain a strategic edge. The demand for rotorcraft is bolstered by ongoing military conflicts, terrorism, and border disputes, prompting these nations to invest in technologically advanced platforms. The region's military helicopter procurement is significant, with China leading the charge by acquiring a substantial number of Russian Mi-17 helicopters. Japan and India are also making notable purchases, including Bell 412 and various models of helicopters, respectively. This surge in demand is further fueled by the expansion of defense budgets, as nations aim to enhance their combat readiness and address internal and external security challenges.
The market landscape is characterized by a fragmented structure, with major players like Hindustan Aeronautics Limited, Lockheed Martin Corporation, Textron Inc., The Boeing Company, and Turkish Aerospace Industries holding significant shares. The focus on multi-role helicopters is increasing, as these versatile platforms offer flexibility and cost-effectiveness, reducing the need for multiple specialized aircraft. The Asia-Pacific region is expected to see a steady increase in its active aircraft fleet, with countries like Thailand, Malaysia, Singapore, and the Philippines planning significant procurements. This growth is supported by the modernization of defense forces and the integration of cutting-edge technology in military helicopters, aiming to achieve superiority in modern warfare scenarios.
Asia-Pacific Military Helicopters Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Body Type
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1.1.1 Multi-Mission Helicopter
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1.1.2 Transport Helicopter
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1.1.3 Others
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1.2 Country
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1.2.1 Australia
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1.2.2 China
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1.2.3 India
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1.2.4 Indonesia
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1.2.5 Japan
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1.2.6 Malaysia
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1.2.7 Philippines
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1.2.8 Singapore
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1.2.9 South Korea
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1.2.10 Thailand
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1.2.11 Rest of Asia-Pacific
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Asia-Pacific Military Helicopters Market Size FAQs
What is the current Asia-Pacific Military Helicopters Market size?
In 2024, the Asia-Pacific Military Helicopters Market size is expected to reach USD 2.50 billion.
Who are the key players in Asia-Pacific Military Helicopters Market?
Hindustan Aeronautics Limited, Lockheed Martin Corporation, Textron Inc., The Boeing Company and Turkish Aerospace Industries are the major companies operating in the Asia-Pacific Military Helicopters Market.
