Global Military Rotorcraft Market 2018-2028

by Sameer Joshi or 19-Apr-2018

Global military rotorcraft market, valued at US$20.2 billion in 2018, is projected to grow at a CAGR of 4.28% over the forecast period , to reach US$30.7 billion by 2028 and cumulatively value US$271.7 billion. The market consists of four categories: multi-mission and maritime helicopter, attack helicopter, transport helicopter, and training helicopter. The market is expected to be dominated by the multi-mission and maritime helicopter segment, which will account for 42.4% of the market, followed by attack, transport, and training helicopters with shares of 34.0%, 22.3%, and 1.3% respectively. The Asia Pacific region is forecast to dominate the sector with a share of 35.2%, followed by North America and Europe, with shares of 34.1% and 17.1% respectively. 

 Apart from emerging economies in the Middle East and South Asian regions which are witnessing increasing defense expenditure due to regional power struggles and territorial disputes, countries in North America and Western Europe are also expected to increase their defense outlays after years of budget cuts and sequestration measures presenting global military rotorcraft manufacturers with greater opportunities in the coming decade.