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The Global Military Rotorcraft Market 2013-2023

Global military rotorcraft market: Growth forecast despite defence budget cuts


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2014-04-18 12:07:02 - The Global Military Rotorcraft Market 2013-2023 - a new market research report on companiesandmarkets.com

The global military rotorcraft market is forecast to grow between 2012 and 2017 despite defence budget cuts, due to current military helicopters becoming obsolete or reaching the end of their operational life. Countries such as Russia, the US, Canada, France, Germany, France, China, and India are seeking to replace existing military rotorcraft with modern helicopters. In addition to modernizing existing fleets, countries are continuing to focus on acquiring new multi-role helicopters.

Low intensity conflicts and operations other than war have increased significantly, driving the demand for military helicopters. In both land and maritime environments, fast moving unconventional and irregular enemy forces pose intelligence problems. Helicopters are well suited for this role with accurate intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) capabilities.

 

 

In addition, demand for helicopters able to rapidly reconfigure other roles such as medical evacuation and other humanitarian relief efforts is expected to increase over the forecast period.

Military helicopter manufacturers are understandably anxious, primarily due to the expected US$700 billion defence budget cuts between 2012 and 2023. Even though helicopters are expected to be the one of the least affected segments, the market sentiments are cautious with regards to future expenditure. Traditionally, North America and Europe accounted for 80% of global defence expenditure. However, the global economic downturn, US economic crisis, and European debt crisis are expected to negatively impact defence expenditure over the forecast period.

Owing to limited budgets, many countries worldwide are looking to replace their helicopter fleet with unmanned aerial vehicles (UAVs). The reasons for this are that UAVs are cheaper, do not require support, and their pilots can fly from the safety of a control room. Owing to dangerous operations in Afghanistan and Iraq which have resulted in a low tolerance for casualties by the public, UAVs are considered to be ideal to prevent unnecessary loss of life.

At the cyber-security world summit held in 2010, security experts raised credible issues such as crashing power grids, stalled air control towers, hospital infrastructure being rendered useless, and national defences being susceptible to outside attacks. New technologies such as cloud computing, social networking, and the proliferation of mobile devices have also resulted in an increase of cyber attacks. The governments of the UK, the US, France, Belgium, Germany, and India have stated that their systems and networks were infiltrated by criminal networks. Such incidents are expected to augment a sustainable demand for cyber security over the forecast period.

Several developing countries around the world have also embarked on ambitious acquisition programs for military helicopters while others are developing their own domestic manufacturing capabilities. Bell helicopter, which has the largest market share in terms of military helicopter sales, recently stated that India was its fastest-growing market globally with a growth rate of 17% compared to less than 5% for Europe and the US.

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Mike King
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