Market Trends of Attack Helicopter Industry
This section covers the major market trends shaping the Attack Helicopter Market according to our research experts:
Above 8 metric ton (16,000 lbs) Segment to Experience the Highest Growth during the Forecast Period
- Above 8 metric ton (16,000 lbs) segment in the attack helicopter marketis expected to register the highest CAGR, during the forecast period. The growing demand for helicopters, like Kamov Ka-50, Mil Mi-28, Mi-35, Bell AH-1Z Viper, and Boeing AH-64 Apache, among others, is likely topropelthe growth of the segment, during the forecast period.
- In March 2017, the United States provided a five-year, USD 3.4 billion contract to Boeing for 268 AH-64E (24 new and 244 remanufactured) helicopters, while Russiaplans to procure more than 100 Ka-52 helicopters by 2019, along with procurement of Mi-28N, Mi-17, and Mi-26, to further expand its combat helicopter fleet.
- Moreover, Turkeyplans to indigenously manufacture heavy attack helicopters, which is likely tofurther support the growth of thissegment in the future.
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Asia-Pacific is Expected to Generate the Highest Demand during the Forecast Period
- Asia-Pacific is expected to generate the highest demand for attack helicopters, during the forecast period. The growth in this region is majorly due to the increasing geographical tensions between the countries, which is boosting the growth in military spending to increase their border protection. For this, countries are procuring new helicopters and modernizing their fleet of attack helicopters, to strengthen their combat capabilities.
- For instance, in July 2019, the Australian Department of Defence issued a request for information (RFI) for a future acquisition plan of about 29 attack helicopters, to replace 22 Tiger Airbus Helicopters of the Australian Army. The deliveries of the helicopters are planned in the mid-2020s.
- Additionally, India has ordered 22 AH-64 Apache helicopters, and it received the first helicopter in May 2019. The order for 22 attack helicopters was placed, in September 2015. With such procurement plans underway, the growth of the market is expected to be highest during the forecast period.
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