Technavio, a tech-focused market research firm, has published a new report on the global attack helicopter market, which is expected to experience steady growth with a CAGR of more than 5% during the forecast period 2017-2021.
This latest report by Technavio covers the market outlook and growth prospects of the global attack helicopter market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global attack helicopter market into the following key regions: the Americas, APAC, and EMEA.
Geographical segmentation of the global attack helicopter market for 2016 (market share %)
|
EMEA |
46.81% |
|
APAC |
28.09% |
|
Americas |
25.10% |
Source: Technavio
EMEA: largest revenue generating region for attack helicopters
Countries in EMEA, especially Egypt, France, Germany, Iran, Israel, Russia, Saudi Arabia, Turkey, and the UK, are developing and acquiring defense equipment to have greater control over emergency situations, attacks, and turbulent circumstances and to improve the combat readiness in times of crisis. Several European nations are actively engaged in developing, procuring, and remodeling attack helicopters through domestic as well as foreign vendors. Some of the prominent attack helicopters of the region are Agusta A129 Mangusta by AgustaWestland and Eurocopter Tiger by Airbus Helicopters.
According to Moutushi Saha Kumar, a lead analyst at Technavio for defense, “Recent terrorist attacks in Africa have compelled the regional defense ministries to focus on enhancing their aerial attack capabilities. In 2016, the Nigerian Army procured two Mil Mi-35M attack helicopters, with additional 10 helicopters to be delivered in 2017. Several African countries are currently focusing on the procurement of light attack helicopters integrated with weapon systems such as turret guns and air-to-air missiles.”
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Attack helicopter market in APAC
APAC accounted for around 28% of the global attack helicopter market to become the second largest revenue generating region during 2016. The market’s growth in APAC is attributable to extremist and insurgent threats and terrorist attacks in the region. Several APAC countries such as India, Japan, Australia, China, Pakistan, South Korea, and Taiwan are developing and procuring attack helicopters for their respective air forces in attempt to keep pace with the changing nature of urban and conventional warfare. Driven by the rising number of conflicts in the Indian Ocean and the South China Sea and the resultant demand for warfare, Japan, Australia, China, India, and South Korea account for a majority of the attack helcopter market in APAC.
Attack helicopter market in the Americas
The Americas leads the global helicopter market in terms of expenditure and technological advancements, and hence have an increased demand for attack helicopters. The attack helicopter market in the Americas is led predominantly by the US, followed closely by Canada and Latin American countries. Countries like Peru are procuring attack helicopters to combat against illegal armed groups and drug trafficking gangs. For instance, in 2016, the Peruvian Air Force signed a contract with Russian Helicopters to procure Mi-35 attack helicopters.
The leading vendors operating in the global attack helicopter market are:
- Airbus Helicopters
- Bell Helicopter
- Boeing
- HAL
Other prominent vendors in the market include Denel, Leonardo – Finmeccanica, MD Helicopters, Russian Helicopters, and Turkish Aerospace Industries.
A more detailed analysis is available in the Technavio report tilted, ‘Global Attack Helicopter Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Military Helicopter MRO Market 2016-2020
- Global Helicopter Flight Control Systems Market 2016-2020
- Global Civil Helicopter MRO Market 2016-2020
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