GLOBAL MILITARY HELICOPTERS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The CAGR for the market for military helicopters worldwide is predicted to be -0.65%. Growing military conflict, terrorism, border conflicts, territory breaches, and infractions are driving the demand for rotorcraft. To acquire a military edge over adversaries, the regional armed forces are also modernising the capabilities of helicopters. The highest CAGR is anticipated for multi-mission helicopters during the projection period. Helicopters with dual missions can be employed for anti-tank operations to destroy enemy armour as well as close air support for ground troops.

During the projected period, China, Japan, and India are anticipated to buy the majority of the helicopters in the Asia-Pacific region. Among the purchases are Japan's acquisition of 150 Bell 412 helicopters and China's plan to buy 500 Russian Mi-17 helicopters by the year 2039. India plans to purchase around 102 helicopters, comprising 24 MH-60Rs, 34 Dhruv ALHs, 26 SA-315s, 12 Dornier 228s, and 6 AH-64Es. 

The majority of helicopters in the Middle East and Africa are anticipated to be purchased during the projection period by Turkey, Algeria, and Egypt. By 2024, Egypt intends to purchase 24 EW-149 multi-mission helicopters, and Algeria 42 Mi-28 assault helicopters. Turkey is set to buy about 160 helicopters, including 109 S-70 utility helicopters. By 2026, most of the helicopters should have been delivered. 

Around 40% of the world's fleet of military aircraft in 2021 were rotorcraft. The second half of 2021 saw an increase in hostilities, geopolitical tensions, and border disputes, as well as significant clashes between China and India, as well as other countries in the Asia-Pacific. Global defence spending increased as a result of armed wars and domestic security concerns, with countries bolstering their military forces by investing in new rotorcraft.

Major Players: Airbus SE, Lockheed Martin Corporation, Russian Helicopters, Textron Inc. and The Boeing Company



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