28-Jan-2019 Source: Research and Markets
The “Military Rotorcraft – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Military Rotorcraft is accounted for $1,798.13 billion in 2017 and is expected to reach $2,429.43 billion by 2026 growing at a CAGR of 3.4% during the forecast period.
Advancement in technology, the necessity for the replacement of aging helicopters, increase in disasters, and rising territorial disputes are the key driving factors driving the market growth. The cut in defense budgets has slow down the military rotorcraft market, also, lack of maintenance, repair, and overhaul services has decreased the demand for rotorcraft and these are the factors hampering the market growth.
Based on Type, the attack helicopters segment accounted for considerable market share during the forecast period. An attack helicopter is an armed helicopter with the primary role of an attack aircraft, with the capability of engaging targets on the ground, such as enemy infantry and armored fighting vehicles. Due to their heavy armament, they are sometimes called helicopter gunships.
By geography, Asia Pacific held largest market share during the forecast period due to the increase in demand for military rotorcraft, as the weapons fired aerially can be more effective and lethal and will have a higher range of operation.
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Military Rotorcraft Market, By Type
6 Global Military Rotorcraft Market, By Geography
7 Key Developments
8 Company Profiling