Military Rotorcraft Market Research Report Coverage:
This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Military Rotorcraft products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Military Rotorcraft market.
The military rotorcraft market is anticipated to register a CAGR of 5.3% over the forecast period 2018 – 2023. Most military rotorcrafts were produced from 2002 to 2012 and their number almost quadrupled in those 10 years. This can be attributed to the fact that many countries in Europe, such as France, Germany, Italy and others have purchased these rotorcrafts in huge numbers.
Major Players: AUGUSTA WESTLAND NV, BELL HELICOPTER TEXTRON INC., SIKORSKY AIRCRAFT, EUROCOPTER SAS, BOEING, KOREA AEROSPACE INDUSTRIES (KAI), HINDUSTAN AERONAUTICS LIMITED (HAL), amongst others.
A separate section with Military Rotorcraft industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Military Rotorcraft market growth over the forecast period.
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Military Rotorcraft Market Value, 2018 to 2023($Million)
FUTURE VERTICAL LIFT (FVL)
Future vertical lift (FVL) is an initiative taken by the US Armed Forces to develop the family of military aircrafts in the country. The US Army started this in 2004, and five different types of aircrafts are being developed that have common engines, sensors, avionics and countermeasures. The future vertical lift (FVL) plans are to develop replacements for UH-60 Black Hawk, AH-64 Apache, CH-47 Chinook and OH-58 Kiowa helicopters which will lead to the growth of the market. The precursor for this plan is the Joint Multi-Role (JMR) which would provide technological demonstrations for 2017.
Boeing CH-47 Chinook is an American heavy-lift rotorcraft that has a twin-engine. The primary objective of this rotorcraft is for troop movement, artillery placement and battlefield resupply. The FVL plan will introduce the next generation of CH-47 Chinook and launch the FVL-Light or FVL-Medium by 2018. After decades of service, US army rotorcrafts are wearing out, and there has been a necessity for upgrading the fleet with the latest advancements. According to the US Armed Services Committee, the JMR is planned in three different configurations, i.e., JMR-Light, JMR-Medium and JMR-Heavy.
The configurations planned are:
JMR-Light: Scout version would replace the OH-58 Kiowa, planned for 2030.
JMR-Medium: Utility and attack versions would replace the UH-60 Black Hawk and AH-64 Apache and launch is planned for 2027â€“28.
JMR-Heavy: Cargo version would replace the CH-47 Chinook. Although Boeing expects its introduction in 2060, it has been planned for launch by 2035.
JMR-Ultra: New ultra-sized version for vertical lift aircraft with performance similar to fixed-wing tactical transport aircraft, such as the C-130J Super Hercules and the Airbus A400M Atlas and introduction is planned for 2025
Key Developments in the Market:
â€¢ December, 2017: The US Army shall acquire 150 Bell Helicopters rotorcraft for transferring to other US government agencies and Foreign Military Sales (FMS) customers.
Reasons to Purchase this Report
1. Provides latest insights into the military rotorcraft market.
2. Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
3. Regional analysis of the market
4. Identify the latest developments, market shares, and strategies employed by the major market players
5. 3 months analyst support along with the Market Estimate sheet (in excel)
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Military Rotorcraft Market Forecast 2018-2023
The Military Rotorcraft industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Military Rotorcraft production, supply, sales and market status.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.