Market Share of Military Rotorcraft Industry
The military rotorcraft market is consolidated, with few players accounting for most of the market share. Lockheed Martin Corporation, The Boeing Company, Textron Inc., Rostec State Corporation, and Leonardo S.p.A are some of the prominent players in the market.
With support from the government, these companies are increasing their geographic presence in the market through innovations and contracts with government agencies and armed forces in various regions. For instance, in March 2024, Leonardo S.p.A unveiled its new AW249 attack helicopter. The AW249 can perform missions such as aerial escort, intelligence, surveillance, target acquisition and reconnaissance (ISTAR), close air support, and air interdiction.
In addition to international players, local players like Hindustan Aeronautics Limited (HAL), Korea Aerospace Industries Ltd, and Turkish Aerospace, among others, are entering the market of military helicopters by developing new and advanced helicopter models. The long-term contracts of helicopter OEMs with various country's armed forces for developing and delivering new helicopter programs are expected to help them increase their footprint in the market during the forecast period.
Military Rotorcraft Market Leaders
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The Boeing Company
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Textron Inc.
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Lockheed Martin Corporation
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Rostec State Corporation
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Leonardo S.p.A
*Disclaimer: Major Players sorted in no particular order
