Military rotorcraft market is expected to grow at a CAGR of 3.6% during the forecast period . Increasing defense budget for the procurement of advanced weapons owing to the rise in the conflicts between the borders of the countries such as India, Pakistan, and China, North Korea, and South Korea is acting as one of the most prominent factors contributing to the growth of the market. Additionally, the fired aerially weapons are generally considered as effective, and it drives most of the defense services to have advancement in aircraft technologies and replacement of the aging rotorcraft, along with supporting aircraft for rescuing people at times in natural disasters. For instance, in September 2021, the Indian defense ministry signed a contract with airbus defense and space for 56 C-295 medium transport aircraft to modernize the Indian air force’s transport fleet. Airbus defense and space, and tata advanced systems Ltd., would jointly execute the contract.
The COVID-19 pandemic had created a massive impact on the global military rotorcraft market. Due to the stoppage/restriction on all manufacturing industries, the military rotorcraft market also experienced disruption in production and slowing demand. However, as the economies of the countries are getting better, the market is also improving and expecting a high jump in the upcoming years, as the competition between the countries to be superior will be resumed.
The global military rotorcraft market is segmented based on applications, and end-user. Based on the applications, the market is augmented as defense, transportation, detection, and others. The other applications of military rotorcrafts are in medical evacuation and anti-submarine warfare. Based on the end-user, the market has been segmented as government sectors and private sectors. Among the end-user segment, the government sectors segment is expected to majorly dominate the overall military rotorcraft market to strengthen the defense sectors of the nation.
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Military Rotorcraft Market Segmentation
By Applications
- Defense
- Transportation
- Detection
- Others (Medical Evacuation and Anti-Submarine Warfare)
By End-User
- Government sectors
- Private Sectors
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- BAE Systems
- Changhe Aircraft Industries Corp.
- Dassault Aviation
- Embraer SA
- Enstrom Helicopter Corp.
- GE Aviation
- Helibras
- Hindustan Aeronautics Ltd.
- Kawasaki Aerospace Co.
- Korea Aerospace Industries Ltd.
- Pilatus Aircraft Ltd.
- Mahindra Aerospace
- MD Helicopters Inc.
- Russian Helicopters JSC
- Turkish Aerospace Industries Inc.
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