New analysis from Frost & Sullivan, Global Military Helicopters Market Assessment, finds that the market earned revenues of $25.43 billion in 2013 and estimates this to reach $33.37 billion in 2023. New platform procurements will grow at a compound annual growth rate of 2.8 percent globally.
"Territorial disputes in Eastern Europe, Central Asia, Southeast Asia and the Middle East are underlining the importance of upgraded attack and naval capabilities, thereby boosting military helicopter sales," said Frost & Sullivan Aerospace & Defense Industry Analyst Alix Leboulanger. "While budget cuts and stretched fleets will impact the platform segment in the short and medium terms, the need to bridge crucial capability gaps will revive market growth in the long term."
As armed forces renew legacy helicopters, the new generation of platforms will face certain challenges:
- Meeting budget requirements will eventually imply less procurement.
- Conducting assignments ranging from asymmetric warfare to naval operations with significantly low financial support will affect performance.
- The fast-changing geopolitical environment will hold back export opportunities.
Manufacturers must highlight benefits such as the rationalization of existing logistics and maintenance repair operations supply-chains, reduction in training costs, and interoperability to move forward the uptake of expensive multi-role platforms. Consequently, the use of smarter mission systems and open systems architecture for joint missions with other aircraft types, in particular remotely piloted aircraft systems, will increase.
"The rise of optionally piloted helicopters is a future trend that needs to be closely monitored as it will actually empower multi-role helicopters and their mission spectrum," observed Leboulanger. "It also has the potential to bridge the gap in manned and unmanned aircraft integration, complementing – not replacing – helicopter surveillance, reconnaissance, and utility roles in the global military helicopter space."
