The global helicopters market is ready for rapid growth as transitioning economies from Central Asia, the center East, Latin America and Asia-Pacific continue increasing their fleet size and lengthening their industrial strength. These regions are using the platforms renewal cycle as a chance to improve their local industries and enjoy the latest Western technological developments and know-how. Consequently, the subsequent technological and insist hub, for military helicopters particularly, will progressively shift from the West to the East.
New analysis from Frost & Sullivan, “Global Helicopters Market Assessment,” finds that the market earned revenues of $31.32 billion in 2012 and estimates this to arrive $44.27 billion in 2022. Greater than 11,170 military platforms are expected to go into into service, peaking in 2018 as global renewal cycles would be achieved around the military segment in most regions. Asia-Pacific and Central Asia are exceptions and should continue to put significant new orders.
While the subsequent generation of rotorcraft continues to be in development, Western military and civil end users are opting to finance life-extension programmes. This not just provides more financial flexibility than new platform procurements, but additionally bridges a technological gap between the present and future capabilities of helicopter models.
“Upgrades and retrofits may be the future of the worldwide helicopters market within the next 10 years,” said Frost & Sullivan Aerospace and Defense Research Analyst Alix Leboulanger. “For instance, the Brazilian Fennec life-extension program and the CH-53K Super Stallion program within the America have revealed promising results before scheduled deadlines, demonstrating the immense opportunities existing inside the retrofit segment.”
The sale of advanced multi-mission helicopters requiring fewer personnel too is anticipated to rise. However, the resultant military restructuring and personnel reduction should be closely monitored by the industry, because it implies fewer platforms to be sold or maintained. Helicopter manufacturers must adapt either by raising platform unit prices in response to advanced capabilities and net efficiency gain, and/or compete more aggressively inside the civil segment to remain successful.
Nevertheless, parapublic and armed forces customers would be watching increasing helicopter fleet availability rates so as to meet operational objectives. Hence, revenues will remain stable within the global helicopter market despite fewer platforms and not more personnel.
Global Helicopters Market Assessment (M939-16) is a part of the Defence Growth Partnership Service program. Frost & Sullivan’s related research services include: Global Military Training & Simulation Market, U.S. DoD and Civil Helicopter Markets, and Global Military Fixed-wing Aircraft Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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