Attack Helicopter Market Overview 2023-2028
The global attack helicopter market size reached US$ 6.83 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.43 Billion by 2028, exhibiting a CAGR of 5.42% during 2023-2028. Rising defense expenditure, rapid military modernization, and increasing product utilization in counter-terrorism operations represent some of the key factors driving the market.
An attack helicopter represents a specialized over-battlefield military equipment used by the navy, army, and air force for various operations. It is built with high-performance and durable materials for enhanced protection of pilots and troops. An attack helicopter includes several components, such as pylons, wings, radar, rotors, engine, cockpit, and landing gears. It carries various weapons, including machine guns, anti-tank guided missiles, automatic cannons, rockets, anti-ship missiles, and air-to-air missiles. An attack helicopter is widely used for providing close-air support to ground forces, armed reconnaissance, countering armored vehicles, light troop transport, and deep penetration missions. Compared to military planes, this chopper is small, lightweight, slow, highly maneuverable, easy to hide, and can carry surprise invasions deep into the territory of the enemy.
Attack Helicopter Market Trends and Drivers:
The escalating demand for this chopper to conduct multi-domain operations, such as critical troop support, fortification, thwarting enemy infantry attacks, and destroying various ground targets, including artillery, tanks, and armored vehicles, is among the primary factors driving the attack helicopter market. Besides this, the elevating product requirement in urban warfare settings, such as counter-terrorism operations, armed conflicts, and sovereignty violations to provide close combat support, strategic depth, and logistic capabilities across multiple theatres simultaneously, is further augmenting the market growth. Moreover, the integration of three-dimensional (3D) printing technology for designing and manufacturing several parts, including rotorcraft and turbine engines, that save time, reduce costs, improve reliability, and increase production rates is also catalyzing the global market. Apart from this, the utilization of artificial intelligence (AI) to enhance the efficiency and reduce the workload of the pilot by enabling voice recognition, providing flight route suggestions, and assisting in decision-making during harsh weather and complex mission conditions, is anticipated to propel the attack helicopter market over the forecasted period.
Global Attack Helicopter Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Airbus SE, Bell Textron Inc. (Textron Inc.), Denel Aeronautics (Denel SOC Ltd.), Hindustan Aeronautics Limited, JSC Rosoboronexport (Rostec), Leonardo S.p.A., Lockheed Martin Corporation, The Boeing Company, etc.
The report has segmented the market on the basis of region, product type, and end use.
Product Type Insights
- Single-Engine
- Twin-Engine
The report has provided a detailed breakup and analysis of the attack helicopter market based on the product type. This includes single-engine and twin-engine. According to the report, single-engine represented the largest segment.
End Use Insights
- Army
- Navy
- Air Force
A detailed breakup and analysis of the attack helicopter market based on the end use has been provided in the report. This includes army, navy, and air force. According to the report, army accounted for the largest market share.
Regional Insights
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for attack helicopter. Some of the factors driving the North America attack helicopter market include the significant presence of defense aviation manufacturers, technological innovations, rapid modernization, etc.
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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