Who are the key players in Military Rotorcraft Market?

The Boeing Company, Textron Inc., Lockheed Martin Corporation, Rostec State Corporation and Leonardo S.p.A are the major companies operating in the Military Rotorcraft Market. Read More

Which is the fastest growing region in Military Rotorcraft Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Rotorcraft Market?

In 2024, the North America accounts for the largest market share in Military Rotorcraft Market. Read More

What years does this Military Rotorcraft Market cover, and what was the market size in 2023?

In 2023, the Military Rotorcraft Market size was estimated at USD 8.51 billion. The report covers the Military Rotorcraft Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Rotorcraft Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Rotorcraft Market Size

Market Size of Military Rotorcraft Industry

Study Period	2019 - 2029
Market Size (2024)	USD 8.70 Billion
Market Size (2029)	USD 9.70 Billion
CAGR (2024 - 2029)	2.20 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Military Rotorcraft Market Analysis

The Military Rotorcraft Market size is estimated at USD 8.70 billion in 2024, and is expected to reach USD 9.70 billion by 2029, at a CAGR of 2.20% during the forecast period (2024-2029).

The increasing military spending of several countries globally due to geopolitical tensions and border issues is accelerating the procurement of new helicopters to enhance their aerial and defense capabilities. In addition, various countries are investing in modernizing existing helicopters with the latest equipment to extend the operational life of the helicopters and also to strengthen their capabilities. Such investments into procurement and modernization of the military helicopter fleet are expected to propel the market growth during the forecast period.

In addition to procurement and fleet modernization, several governments and armed forces are investing in developing new helicopter models with advanced sensor suites for situational awareness, communication, and weapon systems. Such investments into developing new helicopter programs are anticipated to boost the market's growth in the future.

The increasing need to deploy unmanned aerial surveillance assets over hostile airspace to prevent damage or danger to expensive manned helicopters is driving the adoption of UAVs by various countries. Besides ISR missions, UAVs can carry out various combat target acquisition and search and rescue missions. The rise in demand for UAVs is majorly driven by the safety of the crew members in non-combat missions. The procurement cost of UAVs is much lower than that of helicopters used for the same mission, resulting in the acquisition of these unmanned platforms in developing countries. This factor is expected to hamper market growth.

However, the changing nature of modern warfare, characterized by asymmetric threats and complex operational environments, necessitates the need for highly adaptable and flexible platforms poised to create future market opportunities.

Military Rotorcraft Industry Segmentation

Military rotorcraft includes all types of manned rotorcraft (or helicopters) used for military purposes. Military helicopters perform combat roles, transport troops or equipment, and perform other special missions.

The military rotorcraft market is segmented by type and geography. By type, the market is segmented into attack, transport, and multi-mission and training helicopters. In addition to procurement, the scope of the study also includes modification and upgrades as well as maintenance, repair, and overhaul of military helicopters. The report also covers the market sizes and forecasts for the military rotorcraft market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

By Type
		Attack Helicopters
		Transport Helicopters
		Multi-mission and Training Helicopters

Geography

North America
	United States
	Canada

Europe
	United Kingdom
	France
	Germany
	Russia
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

Latin America
	Brazil
	Argentina
	Rest of Latin America

Middle East and Africa
	Saudi Arabia
	United Arab Emirates
	Rest of Middle East and Africa

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Military Rotorcraft Market Size Summary

The military rotorcraft market is poised for growth, driven by increased global military spending and the need to enhance aerial capabilities amid geopolitical tensions. The market experienced a setback during the COVID-19 pandemic due to supply chain disruptions, but has since rebounded to pre-pandemic levels. Countries are actively procuring new aircraft and modernizing existing fleets to strengthen their defense forces. The development of advanced helicopter models with enhanced sensor suites and weapon systems is also contributing to market expansion. The attack helicopter segment remains dominant, with significant procurement activities observed worldwide, including large-scale orders by the US Department of Defense and other nations.

The Asia-Pacific region is expected to witness the highest growth in the military rotorcraft market, fueled by substantial military investments from countries like China, India, Japan, and South Korea. These nations are modernizing their military equipment in response to regional tensions. Local companies are also developing new helicopter models to meet the specific needs of their armed forces. The market is highly competitive, with major players like Lockheed Martin, Boeing, and Leonardo SpA leading the charge, while local players such as Hindustan Aeronautics Limited and Korean Aerospace Industries are expanding their presence. Long-term contracts and government support are enabling these companies to increase their market footprint, ensuring continued growth in the sector.

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Military Rotorcraft Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Buyers/Consumers
  2. 1.4.2 Bargaining Power of Suppliers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Attack Helicopters
  2. 2.1.2 Transport Helicopters
  3. 2.1.3 Multi-mission and Training Helicopters
2. 2.2 Geography
  1. 2.2.1 North America
    1. 2.2.1.1 United States
    2. 2.2.1.2 Canada
  2. 2.2.2 Europe
    1. 2.2.2.1 United Kingdom
    2. 2.2.2.2 France
    3. 2.2.2.3 Germany
    4. 2.2.2.4 Russia
    5. 2.2.2.5 Rest of Europe
  3. 2.2.3 Asia-Pacific
    1. 2.2.3.1 China
    2. 2.2.3.2 India
    3. 2.2.3.3 Japan
    4. 2.2.3.4 South Korea
    5. 2.2.3.5 Rest of Asia-Pacific
  4. 2.2.4 Latin America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Rest of Latin America
  5. 2.2.5 Middle East and Africa
    1. 2.2.5.1 Saudi Arabia
    2. 2.2.5.2 United Arab Emirates
    3. 2.2.5.3 Rest of Middle East and Africa