Asia Pacific expected to be the largest market followed by North America
Countries in the Asia Pacific region are expected to account for the highest spending on rotorcraft globally, accounting for 34.2% of the market, followed by North America, which will account for 30.2%.
China’s growing assertiveness in territorial disputes with its neighbors, an ongoing arms race among Asian countries, and strong economic growth are the primary drivers of the region’s rotorcraft market, which is forecast to grow at a CAGR of 3.41%, to reach US$8.8 billion by 2026.
At the same time, the US is investing in advanced rotorcraft development programs to maintain its military supremacy over other countries, and is expected to drive the overall spending of North America, to US$76.8 billion cumulatively throughout the forecast period.
Global Military Rotorcraft Market Overview
Europe, which is the third largest market, is emerging from an economic crisis and is thus expected to witness only marginal growth over the forecast period; the region is expected to account for 20.7% of the total market.
The Middle East region is expected to be one of the fastest growing markets for rotorcraft over the forecast period, with a CAGR of 6.84%, due to the huge demand from various countries buoyed by strong economic growth and robust modernization plans.
South American countries such as Brazil, Chile, Venezuela, and Colombia are also expected to modernize their fleets as they are locked in an arms race to establish military supremacy in the region.
The market is expected to increase at a CAGR of 3.96% over the forecast period, cumulatively accounting for 2.9% of the total market.
Demand in Africa is expected to grow moderately over the forecast period, with the region accounting for only 2.5% of the total market size.
Strategic Defence Intelligence’s latest report The Global Military Rotorcraft Market 2016-2026 offers detailed analysis of the Global Military Rotorcraft Market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for military rotorcraft. Additionally, the report also highlights challenges faced by industry participants.