The global military helicopters market will grow from $25.43 billion in 2013 to $33.37 billion in 2023 in spite of reduced budgets and the adoption of unmanned aerial vehicles, according to a new report.
Frost & Sullivan this week said that repeated budget cuts and frozen orders have blurred promises of market recovery in the global military market, especially across Western regions but unrivalled vertical take-off and landing capabilities as well as strong mission efficiency rates will sustain interest in military rotorcraft. The company estimates new platform procurements will grow at a compound annual growth rate of 2.8 percent globally.
“Territorial disputes in Eastern Europe, Central Asia, Southeast Asia and the Middle East are underlining the importance of upgraded attack and naval capabilities, thereby boosting military helicopter sales,” said Frost & Sullivan Aerospace & Defence Industry Analyst Alix Leboulanger. “While budget cuts and stretched fleets will impact the platform segment in the short and medium terms, the need to bridge crucial capability gaps will revive market growth in the long term.”
As armed forces renew legacy helicopters, the new generation of platforms will face certain challenges, such as meeting budget requirements, conducting assignments ranging from asymmetric warfare to naval operations with significantly low financial support and achieving exports in the face of a fast-changing geopolitical environment.
To conduct more missions at a lesser cost, armed forces are embracing multi-role platforms, Frost & Sullivan note. However, the demand for multi-role platforms capable of fulfilling each mission as efficiently as mission-specific helicopters increases costs.
Manufacturers must highlight benefits such as the rationalisation of existing logistics and MRO supply-chains, reduction in training costs, and interoperability to move forward the uptake of expensive multi-role platforms. Consequently, the use of smarter mission systems and open systems architecture for joint missions with other aircraft types, in particular remotely piloted aircraft systems, will increase.
“The rise of optionally piloted helicopters is a future trend that needs to be closely monitored as it will actually empower multi-role helicopters and their mission spectrum,” observed Leboulanger. “It also has the potential to bridge the gap in manned and unmanned aircraft integration, complementing – not replacing – helicopter surveillance, reconnaissance, and utility roles in the global military helicopter space.”