Global Military Helicopters Market Major Players Forecast 2024 - 2033

The military helicopters market has experienced strong growth, elevating its size from $59.69 billion in 2023 to $63.65 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.6%. This growth in the historic period is linked to increasing military expenditure, rising demand for lightweight helicopters, the demand for attack and transport helicopters, and low-interest rates. Moving forward to 2028, the market is expected to see strong growth, projected to reach $77.9 billion at a decreased CAGR of 5.2%. Contributing factors to this growth include an increase in territorial and political conflicts, rapid advances in technology, and increasingly advanced military helicopters. Key trends in the forecast period involve implementing technological advancements and developments such as dynamics modeling and fly-by-wire controls into lightweight helicopter products, integrating IoT systems to stay competitive in the market, implementing artificial intelligence technology into products, considering 3D printing technology for manufacturing lightweight parts at low costs, adopting single-engine operative mode for helicopters to reduce noise and fuel emissions, implementing autonomous systems for a fully upgraded autonomous function, and considering partnerships or collaborations with smaller companies to save costs and improve helicopter maintenance.