Military Helicopter Market $12.6bn

The latest market study on ASDReports.com 'The Military Helicopter Market 2011-2021', finds helicopters certainly play key roles and are expected to remain doing so in the foreseeable future. Thus, programmes related to their development and acquisition remains remarkably resilient to cuts in defence spending. Although there have been fears helicopter spending would be scaled back, after recent announcements in major markets, helicopter programmes have mainly survived or even thrived, enjoying the support of government budgets. Consequently, countries are expected to continue making military helicopter a priority. Based on the study, global spending on military helicopters amounted to $12.6bn in 2010. The US expectedly spends the most in military helicopters as these aircraft are ingreat demand in its military operations, increasingly so in the vast spaces of Afghanistan. Major European powers like the UK, France, Italy and Germany remain key markets despite frozen or reduced overall defence budgets. Countries such as India, South Korea and Turkey are also embarking on major helicopter development and acquisition programmes. Helicopters have time and again proven to be essential to the majority of 21st century military operations inboth conventional wars and counter-insurgency-type campaigns. Helicopters, after all, can provide a means for moving personnel and cargo even in areas where prepared airfields and even roads are poor or do not exist. The ability of these rotorcraft to hover or to fly slower than fixed-wing aircraft alsomake them invaluable in surveillance and providing air support. Helicopters embarked on naval vessels also significantly extend the reach and capabilities of these ships. Helicopters have further been useful in humanitarian operations where they are often the best, or even the only, means of transport in disaster-stricken areas. More information on this new study can be found on ASDReports.com, follow the link to the study named 'The Military Helicopter Market 2011-2021' in this article.

Source: ASDReports - Market Research
Date: May 25, 2011