HYDERABAD, TELANGANA, INDIA, December 31, 2021 /EINPresswire.com/ – Military Rotorcraft Market Forecast to 2028 – Global Analysis by Type (Transport Helicopters, Multi-Mission Helicopters), Product (Light Military Rotorcraft, Medium Military), Application (Combat, Detection), and Geography
The global military rotorcraft market is worth $ 14,942.40 million in 2020 and is expected to reach $ 23,458.78 million by 2028, with a CAGR of 5.8% during the forecast period. Technological advancements, the need to replace aging helicopters, increasing disasters and increasing land disputes are the major factors propelling the market growth. However, the lack of maintenance, repair and overhaul services is hampering the growth of the market.
Some of the major players featured in the military rotorcraft market include Airbus, Boeing, Changhe Aircraft Industries, Embraer, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited (HAL), Korea Aerospace Industries (KAI), Leonardo, Lockheed Martin, MD Helicopters, Rostec Corp . , Russian Helicopters, Sikorsky Aircraft Corporation, Textron Bell, Turkish Aerospace Industries, Changhe Aircraft Industries Corporation and Helibras.
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