Military Helicopter Upgrade Market Worth Over $5bn this year
Helicopters are essential to most military operations and extending the service life of rotorcraft is a priority for many armed forces. Upgrading helicopters is less costly than acquiring new helicopters – just one of the reasons a new piece of research from industry intelligence providers The new report predicts a growing market for military helicopter modernisation this year, with a total value of $5.04bn calculated in 2014.
The brand new 135 page report, entitled Military Helicopter Modernisation, Upgrade & Retrofit Market 2014-2024: Prospects for Leading Companies provides details of several major programmes ongoing worldwide that it believes will provide substantial demand in the short term. However, the lead rotary-wing analyst highlights a likely shift in the market over the long term as programmes are completed. Commenting on the publication of the report, the analyst said,
Global Military and Government Helicopter Market Forecast to 2023
“Although our research points to several more years of growth in the military helicopter modernisation market, companies seeking to capitalise on this growth should act fast, as opportunities in the market will begin to dwindle in the medium to long term.”
The new report calculates that global spending on military helicopter modernisation, upgrade and retrofit will amount to $5.04bn in 2014, or the start of the forecast period covered by this report. The report is packed with 158 tables, figures and charts that illustrate key trends in the military helicopter modernisation, upgrade and retrofit market at the global level, seven key submarkets, and in 15 leading national markets. The report also includes an exclusive interview with Elta Systems and profiles 16 leading companies in the military helicopter modernisation, upgrade and retrofit market.
Military Helicopter Modernisation, Upgrade & Retrofit Market 2014-2024: Prospects for Leading Companies will be valuable to those engaged the military helicopter modernisation, upgrade and retrofit market or wish to explore the opportunities in this sector.
Source : ASDReports - Market Research