Global Attack Helicopter Market Size To Worth USD 13.8 Billion By 2033 | CAGR of 5.09%

Global Attack Helicopter Market Size To Worth USD 13.8 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Attack Helicopter Market Size to Grow from USD 8.4 Billion in 2023 to USD 13.8 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.09% during the forecast period.

Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on the "Global Attack Helicopter Market Size, By Maximum Take-Off Weight (MTOW) (Above 8 tons (Above 16,000 lbs), Below 8 tons (Above 16,000 lbs)), By Platform (Army, Navy, Air Force), By Region, And Segment Forecasts, By Geographic Scope And Forecast to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/attack-helicopter-market

The need to upgrade military hardware, growing defence spending globally, and geopolitical instability have all fueled the attack helicopter market's steady growth. Many countries, especially those with aged fleets, were investing in modernising their military forces, which included purchasing attack helicopters of the highest calibre. Attack helicopters have been used for counter-insurgency operations, close air support, and surveillance because terrorist organisations and insurgent groups continue to constitute a threat to international peace. While conventional manned attack helicopters remain indispensable, the employment of unmanned aerial systems (UAS) in combat scenarios is growing in popularity. This shift to unmanned platforms will likely have an effect on the market's long-term dynamics.

Attack Helicopter Market Value Chain Analysis

During the research and development phase, new attack helicopter designs are conceptualized and tested, or existing platforms are enhanced. This involves feasibility studies, prototyping, testing, and validation of new features and technologies. Various components like airframes, engines, avionics, weapons systems, sensors, and mission equipment are provided by different suppliers. Assembly involves airframe fabrication, subsystem integration, final assembly, and quality assurance to ensure compliance with standards. Original Equipment Manufacturers (OEMs) oversee assembly lines, suppliers, quality control, and production processes. Manufacturers market their attack helicopter platforms to potential clients including government bodies, defense contractors, and military organizations. Aftermarket services throughout the helicopters' lifecycle include technical support, training, spare parts acquisition, maintenance, repair, and overhaul (MRO). Governmental and military institutions are the end users of attack helicopters, utilizing them for various missions such as troop transport, special operations, anti-armor, close air support, and reconnaissance.

Attack Helicopter Market Opportunity Analysis

Many countries are looking to modernise both their armed forces and helicopter fleets. Manufacturers now have the opportunity to offer enhanced or next-generation attack helicopter platforms that have more firepower, survivability, and mission flexibility. As defence budgets rise, more emerging nations are spending money on attack helicopters and other advanced military equipment. Manufacturers can break into these markets by offering reasonably priced goods that are tailored to these countries' particular requirements. Because of the ongoing threat posed by terrorist and insurgent organisations across the globe, attack helicopters equipped to conduct counter-insurgency operations are in high demand. Customised systems that are perfect for terrorist operations and asymmetrical warfare scenarios including urban areas can be made by manufacturers.

The aim of modernization programmes is to equip attack helicopter fleets with state-of-the-art technology and capabilities so they can continue to operate successfully in ever-changing operating environments. Enhancements to weapons systems, mission computers, sensor suites, avionics, and other parts improve situational awareness, accurate targeting, and mission flexibility. The helicopters will always remain relevant and prepared to face new threats thanks to these enhancements. The aim of fleet modernization initiatives is to increase the attack helicopters' operational lifespan through various modifications such as structural upgrades and engine advancements. By replacing antiquated aircraft with modern systems and components, defence forces may improve fleet availability and readiness while delaying the need for costly replacements.

Many countries across the globe are faced with budgetary constraints and competing priorities, which may limit their ability to devote resources to the acquisition of new attack helicopters or fleet modernization programmes. Tight defence budgets may have an effect on the demand for attack helicopters by delaying procurement decisions or reducing financing for defence initiatives. Through a global supply chain network, the attack helicopter industry purchases components, subsystems, and raw materials from a range of sources. Events such as natural disasters, trade disputes, geopolitical conflicts, or pandemics can cause disruptions to the supply chain. This may result in shortages of necessary components, increased expenses, and delays in manufacturing. Leading businesses and recent entrants in the attack helicopter market are engaged in intense battle for market share.

Insights by Maximum Take-Off Weight

The above 8 metric ton (above 16,000 lbs) segment accounted for the largest market share over the forecast period 2023 to 2033. Attack helicopters that weigh 8 metric tonnes or more are equipped with more powerful engines, advanced avionics, and greater ammunition than their smaller counterparts. Because they can now carry a wider range of weapons, including anti-tank missiles, cannons, rockets, and air-to-air missiles, aircraft are more effective in modern combat scenarios. Greater survivability features including armoured protection, backup systems, and state-of-the-art defences against threats like radar- and infrared-guided weaponry are commonly seen on larger attack helicopters. As a result, they are better suited to handle hazardous situations and withstand adversary engagements. As emerging economies improve their armed services and increase defence budgets, there is an increasing demand for advanced attack helicopters in the over 8 metric tonne sector.

Insights by Platform

The air force segment is dominating the market with the largest market share over the forecast period 2023 to 2033. Modern air forces are gradually putting multi-domain operational concepts—which integrate air, land, sea, space, and cyber capabilities—into practice in order to achieve strategic objectives. Attack helicopters provide close air support, combat interdiction, and observation to ground forces, making them indispensable to air force missions. Air forces utilise attack helicopters for a variety of specialised missions and duties, including special operations support, air interdiction, counterterrorism, convoy escort, and counterinsurgency. These platforms can operate in a wide range of operational environments, from rugged terrain to populated places, because of their adaptability and agility. Emerging countries with expanding air forces are increasing their investment in attack helicopter capabilities as a means of modernising their armed forces and addressing security concerns.

Insights by Region

North America is anticipated to dominate the Attack Helicopter Market from 2023 to 2033. As part of joint and combined weapons operations, attack helicopters often work alongside ground forces, fighter aircraft, unmanned aerial systems (UAS), and command and control platforms in North America. Interoperability and integration with other combined force components are critical elements in the operation of attack helicopters. North American manufacturers actively pursue international markets for their attack helicopter platforms, aiming to satisfy both allied and foreign clients. Participation in trade shows and defence fairs, government-to-government agreements, and government-to-government initiatives enable the export of attack helicopters to partner countries seeking advanced rotorcraft capabilities.

Asia Pacific is witnessing the fastest market growth between 2023 to 2033. Numerous countries in the Asia-Pacific region have increased their defence spending in response to shifting security conditions and geopolitical pressures. The previously indicated trend has led to a rise in defence acquisition initiatives, including the acquisition of advanced attack helicopters to enhance military capacities. Due to persistent territorial disputes, regional tensions, and security concerns, countries in the Asia-Pacific region require attack helicopters and other cutting-edge military equipment. Countries like Australia, China, India, Japan, South Korea, and the United States are vigorously modernising their armed forces due to strategic stability and deterrent against potential adversaries. Many countries in the Asia-Pacific region are implementing modernization programmes to update their antiquated defence equipment and strengthen their armed forces.

Recent Market Developments

• In September 2023, the Boeing Company and Aviation Capital Group LLC have announced the finalization of a deal for thirteen 737 MAX aircraft.

Major players in the market

• The Boeing Company
• Russian Helicopters
• MD Helicopters.
• HAL Turkish Aerospace Industries
• Leonardo – Finmeccanica
• Bell Helicopter
• Lockheed Martin Corporation
• Textron Inc
• Airbus Helicopters
• Denel

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2033.

Attack Helicopter Market, Maximum Take-Off Weight Analysis

• Above 8 tons (Above 16,000 lbs)
• Below 8 tons (Above 16,000 lbs)

Attack Helicopter Market, Platform Analysis

• Army
• Navy
• Air Force

Attack Helicopter Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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