LONDON--(EON: Enhanced Online News)--Technavio research analysts forecast the global attack helicopter market to grow at a CAGR of more than 5% during the forecast period, according to their latest report.
“R&D plays a significant role in the development of attack helicopters in the global market. Over the last decade, countries like the US, Turkey, India, China, South Korea, and the UK have invested heavily in the development and manufacture of attack helicopters.”
The study covers the present scenario and growth prospects of the global attack helicopter market for 2017-2021. It also presents the market landscape and a corresponding detailed analysis of the four major vendors operating in the market. In addition, the report discusses the key emerging trends and their influence on current and future markets.
According to Moutushi Saha, a lead analyst at Technavio for defense research, “R&D plays a significant role in the development of attack helicopters in the global market. Over the last decade, countries like the US, Turkey, India, China, South Korea, and the UK have invested heavily in the development and manufacture of attack helicopters.”
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Technavio aerospace and defense analysts highlight the following three drivers that are contributing to the growth of the global attack helicopter market:
- Growing deployment of attack helicopters in war zones
- Attack helicopter modernization programs
- Rising procurement plans of developing countries
Growing deployment of attack helicopters in war zones
Attack helicopters are specially designed to provide superior maneuverability and complement other maneuver forces like mobility of tanks and infantry fighting vehicles. The defensive and attacking features of these helicopters enable the defense authorities to deploy them in sectors where the enemy operates with maximum potential.
The demand for attack helicopters in war zones is being driven by their capability to carry various lethal weapon systems. These helicopters are incorporated with third-generation anti-tank guided missiles (ATGMs) such as Hellfire. Many of the attack helicopters carry air-to-air missiles for self-defense. These missiles are designed to identify armored vehicles, operating in open or covered terrain.
“Additionally, attack helicopters are capable of rapidly destroying multiple enemy targets simultaneously, while generating maximum kill ratio before being detected by the enemy forces,” says Moutushi.
Attack helicopter modernization programs
Many countries are modernizing their airborne defense and attack units by upgrading their fleet of attack helicopters. The increase in technological developments of associated components and weapons are driving the need for upgraded platforms. This will simultaneously boost the military airborne platform market and enable greater dominance of countries over the skies.
Attack helicopters and their development are witnessing extensive investments over the past few years. With the growing demand for high platform stability with a heavy payload, fuel efficiency, and incorporation of advanced lethal weaponry systems, many modernization programs have been initiated that would accelerate the military attack helicopters market.
Rising procurement plans of developing countries
Over the last one decade, India, China, Philippines, Germany, Italy, as well as other developing nations have invested heavily in the development of such military aerial platforms including attack helicopters. More advanced and highly lethal attack helicopters demand powerful propulsion systems, precise target acquisition, and high destruction capabilities. Many countries are contracting with manufacturers to develop specially designed attack helicopters to meet specific military requirements.
India is currently enhancing its military capabilities by developing high-precision lethal weapons and platforms such as light combat helicopter (LCH). LCH is mainly developed by HAL for anti-infantry and anti-tank roles. It is also deployed for high-altitude warfare as its operational ceiling is around 16,000-18,000 feet.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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