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)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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