Attack Helicopter Market Research Report
Growth opportunities in the attack helicopter market look
promising over the next six years. This is mainly due to the rising military
spending owing to the political and geographical tension between various
nations and favorable government initiatives.
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Attack Helicopter Market Dynamics
(including market size, share, trends, forecast, growth, forecast, and industry
analysis)
Key
Drivers
The augmenting expenditure by the military across the
nation, which is led by the rising geographical and political agitation among
several countries, accounts to be one of the major drivers responsible for the
growth of the global attack
helicopter market. The government of the UK, in 2020, declared to raise the
country's defence budget by USD 21.9 million to be spent on space, research,
equipment, and shipbuilding for the coming four years. Also, the Indian Government, in 2019,
introduced a strategy to disburse USD 130 billion on growing the combat ability
of armed forces by the next 5 to 7 years. Also, other ideas of government
include the planning to fasten the modernization of Army, Navy, and Air force
with equipment like submarines, weapons, fighter jets, and missiles along with
the emphasis on substituting the traditional helicopters with modern
helicopters, to stimulate the attack helicopter market growth. For example, the
UK government, in 2020, attained its tow Boeing Apache AH-64E helicopter to
replace the Apache AH Mark 1 fleet.
Platform
Segment Drivers
Based on the platform, the air force is projected to witness
a higher CAGR during the forecast period. This is primarily owing to its
ongoing enlargement throughout the world. Furthermore, the increasing expense
on the air force will fuel the market growth. The Indian air force in 2021 has
been allotted INR 53,214 crore to purchase new weapons and platforms. The
British government in the year 2020 validated the boost in the defence budget
by providing additional funding of USD 21.9 billion.
Regional
Drivers
Based on the regional coverage, Asia-Pacific is predicted to
lead the market during the forecast period. This is because of the intensified
tropical apprehension across nations. Moreover, the governments increasingly
focus on modernizing the helicopter's fleet and buying the latest helicopters
to enhance their forces. The Australian Departure of Defense, in 2019, brought
up a request for information (RFI) relating to the plan to procure 29 attack
helicopters in place of the 22 Tiger Airbus Helicopters for the Australian
Army.
Attack
Helicopter Market’s leading Manufacturers:
·
Denel Aeronautics
·
Leonardo S.p.A.
·
MD HELICOPTERS, INC.
·
Lockheed Martin Corporation
·
Boeing
·
Turkish Aerospace Industries
·
Hindustan Aeronautics Limited (HAL)
·
Textron Inc.
·
Airbus S.A.S
·
Rostec
Attack Helicopter Market Segmentation:
Segmentation by MTOW
·
Below 8 metric ton (16,000 lbs)
·
Above 8 metric ton (16,000 lbs)
Segmentation by Platform
·
Army
·
Navy
·
Air Force
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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