The military helicopter market has been forecast to reach a market value of approximately $10.2 billion during 2013, with helicopters becoming increasingly more essential to military operations over the past decade.
The global helicopter market across military and civil end-user segments is facing a growth in demand, reaching a potential market size of nearly 24,000 platforms over 2011-2020.
The key factors contributing to this industry growth are upcoming replacement cycles in worldwide military and state-run fleets, growing disposable income in emerging markets and the structural growth of the global economy.
The growing shift from conventional to asymmetric warfare, as demonstrated in Iraq and Afghanistan, has required an increased number of platforms in which to operate in challenging environments.
Military helicopters play a vital role for armed forces throughout the world, aiding ground and naval troops within varying combat and humanitarian scenarios.
The extensive range of helicopters produced worldwide reflects their diverse use within military operations, and as such, the military helicopter market is one characterised by dynamism and response to emerging operational challenges.
Given the importance of helicopters to militaries, a robust market for military helicopters is expected over the next decade, as multiple nations seek to upgrade their air capabilities.
The US predictably spends the most on military helicopters as these aircraft are in great demand in its military operations. However, the end of combat operations in Iraq in 2011 and the planned withdrawal from Afghanistan in 2014 could signal a dampening in demand.
For more information on the military helicopter market, see the latest research: Military Helicopter Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.