Military Helicopter Market Size, Share, Top Key Players Update and Forecast to 2023

Market Insight

Military helicopters are helicopters that are either upgraded or built for usage by military forces. These helicopters assist in observing as well as in evacuation activities. Military helicopters also offer functionalities such as firing stability, tactical air control and exclusive economic zone protection. These advanced functionalities offered are driving the global military helicopter market.

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Key Players

The key players in the Global Military Helicopter Market are Lockheed Martin Corporation (US), Boeing (US), BAE Systems (UK), Hindustan Aeronautics Limited (India), Airbus S.A.S (France), Leonardo (Italy), Bell Helicopter Textron Inc. (US), Russian Helicopters, JSC (Russia), Korea Aerospace Industries, Ltd. (South Korea) and KAMAN CORPORATION (US).

Market Segment

Global Military Helicopter Market has been segmented based on type, procurement type, and region. On the basis of type, the military helicopter market is divided into heavy cargo, attack, reconnaissance, light utility, medium utility, maritime, and search & rescue. In 2017, the attack segment dominated the global market. Enhanced functionalities offered such as firing stability, tactical air control and exclusive economic zone protection are factors driving the demand for attack helicopters. However, maritime helicopters are anticipated to grow at the fastest CAGR over the forecast period owing to features offered such as advanced sensors, situational awareness, and command & control among others. On the basis of procurement type, the market has been segmented into new acquisitions, and upgrades. The new acquisitions segment dominated the global market over the forecast period owing helicopter fleet manufactured. However, upgrades segment is expected to grow at the fastest CAGR over the forecast period. High cost of original equipment and services offered by aftermarket players such as modifications, customizations and maintenance are boosting the upgrades segment.

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