HAI Convention News

Military Helicopter Market Put at $19.4 Billion for 2012

 - February 12, 2012, 5:10 PM

This year’s military new helicopter market has been estimated to be worth $19.4 billion, according to London-based analysis firm Visiongain. The firm said here at Heli-Expo 2012 that Western countries, due to budget constraints, will focus on maintaining current fleets while emerging military powers, including South Korea, India, and China will significantly increase acquisitions and be “prominent players” over the next decade.

The latest Visiongain analysis also projects out over the next 10 years and analyzes seven submarkets including attack, reconnaissance, heavy-lift, medium-utility, light-utility, maritime, and search-and-rescue as well as providing a 20-country national military breakdown. And it profiles the 12 leading military helicopter manufacturers.