Market Size of Military Rotorcraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Military Rotorcraft Market Analysis
The military rotorcraft market is estimated to register a CAGR of more than 4% during the forecast period (2022-2027).
Due to the COVID-19 pandemic, the market of military helicopters was significantly affected as there were supply chain disruptions in the defense sector due to the imposition of lockdowns globally. This led to a significant decrease in total manufactured and delivered military helicopters in 2020. However, as the lockdowns were lifted in 2021, supply chain disruptions subsided, thereby leading to the recovery in the deliveries of helicopters to pre-pandemic levels.
The increasing military spending of the countries globally due to geopolitical tensions and border issues is accelerating their plans towards procuring new aircraft and helicopters to enhance their aerial capabilities. Furthermore, the countries are investing in modernizing existing helicopters with new equipment to strengthen their capabilities. Such investments into procurement and modernization of the military helicopter fleet are expected to propel the market growth during the forecast period.
In addition to procurement, the governments and armed forces globally are investing in developing new helicopter models with advanced sensor suites for situational awareness, communication suite, and weapon systems, among others. Such investments into developing new helicopter programs are anticipated to boost the market's growth in the future.
Military Rotorcraft Industry Segmentation
The study includes all types of manned rotorcraft (or helicopters) used for military purposes. By type, the market is segmented into attack helicopters, transport helicopters, and multi-mission and training helicopters. The multi-mission helicopters include utility helicopters, reconnaissance helicopters, and maritime helicopters, among others. In addition to procurement, the scope of the study also modification and upgrades as well as maintenance, repair, and overhaul of military helicopters. The report also covers the market sizes and forecasts in major countries across different regions. The report offers the market size and forecast in value (USD billion) for all the above segments.
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| Attack helicopters | |
| Transport helicopters | |
| Multi-mission and training helicopters |
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Military Rotorcraft Market Size Summary
The military rotorcraft market is poised for growth, driven by increased global military spending and the need to enhance aerial capabilities amid geopolitical tensions. The market experienced a setback during the COVID-19 pandemic due to supply chain disruptions, but has since rebounded to pre-pandemic levels. Countries are actively procuring new aircraft and modernizing existing fleets to strengthen their defense forces. The development of advanced helicopter models with enhanced sensor suites and weapon systems is also contributing to market expansion. The attack helicopter segment remains dominant, with significant procurement activities observed worldwide, including large-scale orders by the US Department of Defense and other nations.
The Asia-Pacific region is expected to witness the highest growth in the military rotorcraft market, fueled by substantial military investments from countries like China, India, Japan, and South Korea. These nations are modernizing their military equipment in response to regional tensions. Local companies are also developing new helicopter models to meet the specific needs of their armed forces. The market is highly competitive, with major players like Lockheed Martin, Boeing, and Leonardo SpA leading the charge, while local players such as Hindustan Aeronautics Limited and Korean Aerospace Industries are expanding their presence. Long-term contracts and government support are enabling these companies to increase their market footprint, ensuring continued growth in the sector.
Military Rotorcraft 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 (Market Size and Forecast by Value - USD billion, 2018 - 2027)
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2.1 By Type
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2.1.1 Attack helicopters
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2.1.2 Transport helicopters
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2.1.3 Multi-mission and training helicopters
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Russia
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2.2.2.5 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 India
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2.2.3.2 China
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2.2.3.3 Japan
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2.2.3.4 South Korea
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 Latin America
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2.2.4.1 Brazil
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2.2.4.2 Rest of Latin America
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2.2.5 Middle-East and Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 Saudi Arabia
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2.2.5.3 Turkey
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2.2.5.4 Rest of Middle-East and Africa
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Military Rotorcraft Market Size FAQs
What is the current Military Rotorcraft Market size?
The Military Rotorcraft Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Military Rotorcraft Market?
The Boeing Company, Textron Inc., Rostec, Leonardo S.p.A. and Lockheed Martin Corporation are the major companies operating in the Military Rotorcraft Market.
