Global Military Rotorcraft Market to Decline in the Next Decade
Albany, NY (PRWEB) February 24, 2015 -- The global military rotorcraft market has witnessed a remarkable growth in the past few years. However, the market will demonstrate a sluggish growth in the next 10 years. This report equips clients with the latest market intelligence which will allow them to make correct business decisions on the basis of a detailed evaluation of the global military rotorcraft market. It will also help clients to identify the key emerging and declining markets in the global military rotorcraft industry for the next 10 years.
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Key Highlights of the Declining Global Military Rotorcraft Market
The market of military rotorcraft is predicted to estimate a total of US$21.1 billion by the end of the year 2015. Asia-Pacific countries will continue to account for the highest spending on rotorcraft worldwide. The Asia-Pacific military rotorcraft market holds 33% of the market share, which is followed by North America, which holds 29% share. Together, the market segments of maritime and multi-mission helicopters hold the largest market share in terms of expenditure and will continue to lead the global military rotorcraft market.
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The second leading market segment is attack and transport helicopters. The training helicopters segment will be worth US$3.3 billion during the forecast period. The top companies in the global military rotorcraft market include Bell Helicopter Textron, Inc., Eurocopter SAS, Boeing, Sikorsky, and AgustaWestland.
Governments around the world are increasingly interested in collecting maritime and multi-mission helicopters due to the economic volatility, which has forced top defense countries to review and cut down their budgets. Presently, the accelerating number of procurement programs and joint development has become a prominent trend in the market which will continue throughout the forecast period.
Even though the global military rotorcraft market seems less impressive, in 2015, the United States multiyear procurement (MYP) contract was released that covered the production of two key programs for the next five years. Moreover, the U.S. military has also started numerous new programs which could potentially give a boost to the growth of the global military rotorcraft market in the long run. The recent U.S. military rotorcraft history regarding the development of the market also offers a slight promise.
Another trend that will be noticed in the international military rotorcraft market is that overcapacity will become a challenge by the end of the decade. This trend indicates that not only will the new build revenue decline but that there will also be a drop in equipment utilization.
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