Attack Helicopter Market

Attack Helicopter Market Analysis

The Attack Helicopter Market is expected to register a CAGR of greater than 4% during the forecast period.

• The increasing military spending,fuelled by the growth of political and geographical tensions between the countries, has led to an increase inprocurement incountries, like India, Kuwait, Qatar, Australia, Russia, and the United Arab Emirates, among others,to strengthen their combat capabilities. This is acting as a major driver for the attack helicopter market.
• Additionally, the fleet modernization plans of the countries with new and advanced attack helicopters are anticipated to support the growth of the market, during the forecast period.
• The growth in partnerships between the local and global players for decreasing manufacturing costs and improvingtheir delivery rate is expected to further boost the growth of the market, during the forecast period.

Attack Helicopter Market Trends

Above 8 metric ton (16,000 lbs) Segment to Experience the Highest Growth during the Forecast Period

• Above 8 metric ton (16,000 lbs) segment in the attack helicopter marketis expected to register the highest CAGR, during the forecast period. The growing demand for helicopters, like Kamov Ka-50, Mil Mi-28, Mi-35, Bell AH-1Z Viper, and Boeing AH-64 Apache, among others, is likely topropelthe growth of the segment, during the forecast period.
• In March 2017, the United States provided a five-year, USD 3.4 billion contract to Boeing for 268 AH-64E (24 new and 244 remanufactured) helicopters, while Russiaplans to procure more than 100 Ka-52 helicopters by 2019, along with procurement of Mi-28N, Mi-17, and Mi-26, to further expand its combat helicopter fleet.
• Moreover, Turkeyplans to indigenously manufacture heavy attack helicopters, which is likely tofurther support the growth of thissegment in the future.

Asia-Pacific is Expected to Generate the Highest Demand during the Forecast Period

• Asia-Pacific is expected to generate the highest demand for attack helicopters, during the forecast period. The growth in this region is majorly due to the increasing geographical tensions between the countries, which is boosting the growth in military spending to increase their border protection. For this, countries are procuring new helicopters and modernizing their fleet of attack helicopters, to strengthen their combat capabilities.
• For instance, in July 2019, the Australian Department of Defence issued a request for information (RFI) for a future acquisition plan of about 29 attack helicopters, to replace 22 Tiger Airbus Helicopters of the Australian Army. The deliveries of the helicopters are planned in the mid-2020s.
• Additionally, India has ordered 22 AH-64 Apache helicopters, and it received the first helicopter in May 2019. The order for 22 attack helicopters was placed, in September 2015. With such procurement plans underway, the growth of the market is expected to be highest during the forecast period.

Attack Helicopter Industry Overview

• The prominent players in the attack helicopter market are Russian Helicopters, The Boeing Company, Lockheed Martin Corporation, Airbus SE, and Textron Inc. The major companies are partnering with the local companies to decrease their manufacturing costs and improve their delivery rate.
• For instance, The Boeing Company and Tata Advanced Systems Ltd. formed a joint venture, Tata Boeing Aerospace Limited (TBAL), for the manufacturing of Apache helicopters in India. TBAL opened a more than 14,000-square meters facility to produce fuselages for AH-64 Apache helicopter, in March 2018.
• Therefore, the growing emphasis on the indigenous development of attack helicopters is anticipated to support the local manufacturing companies and increase their market presence in the future.

Attack Helicopter Market Leaders

Attack Helicopter Market News

In June 2021, The US State Department has approved a possible foreign military sale to the government of Australia for AH-64E Apache helicopters and related equipment. The sale has an estimated cost of USD 3.5 billion,

In May 2021, the Philippines government announced that the country has ordered six T129B Atak attack helicopters from Turkish Aerospace. The deliveries were expected to start in the third quarter of 2021. The budget allocated for the acquisition is about USD 286 million (PHP 13.8 billion).