Attack Helicopter Market Size was valued at USD 7.2 billion in 2022. The Attack Helicopter Market industry is projected to grow USD 12.64 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2022 - 2032). Geopolitical tensions, military modernization, counterterrorism operations, interoperability, export opportunities, maintenance and lifecycle costs are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Rising military modernization is driving the market growth.
Attack helicopter sales are on the rise as a result of military modernization, and this symbiotic relationship between the two is essential to the changing defense capability picture. Attack helicopters are a key component of many nations' strategic arsenals as they work to continually improve their military might and keep up with new threats. Here, we go into further detail on how military modernization influences the market for attack helicopters and vice versa.
The use of technology dominates the world of military weaponry. Implementing cutting-edge technology is inextricably tied to modernization efforts. This is especially true for attack helicopters, where improvements to avionics, sensors, communication systems, and weaponry can have a big impact on the battlefield. Nations making military modernization investments place a high priority on providing their armed forces with the most cutting-edge equipment available. As a result, manufacturers and defense contractors invest a lot of money in R&D to create more sophisticated attack helicopter models. These technical advancements improve the helicopter's combat effectiveness overall and its ability to survive and maneuver. Attack helicopter demand is consistently high thanks to the never-ending race for technological excellence.
Military modernization aims to increase operational effectiveness, empowering armed forces to respond swiftly and precisely to changing situations. Attack helicopters are essential to attaining this goal since they are adaptable and deadly assets. Attack helicopters in the modern age have significantly increased in speed, maneuverability, and weaponry. They have cutting-edge sensors and targeting systems that let pilots engage targets with pin-point accuracy even in challenging circumstances. These helicopters are built to function flawlessly in a variety of conditions, including rocky terrain and metropolitan areas. Force commanders understand the benefit of having a fleet of attack helicopters that can adapt to a wide range of combat scenarios, making these aircraft the focal point of attempts to modernize the force.
Military modernization is a dynamic process that adapts to threats as they evolve. Nations must modify their defense capabilities and tactics as new threats materialize. Attack helicopters are highly adaptable weapons that may be set up to combat a variety of dangers, including rebel forces, conventional armored formations, and even asymmetrical dangers like terrorist groups. The newest threat detection and defense systems are constantly being incorporated into helicopter platforms by manufacturers. Attack helicopters are an essential part of modernization efforts because of their versatility, which ensures that they remain relevant in a threat environment that is always changing. Thus, driving the Attack helicopter market revenue.
Attack helicopter MTOW Insights
The Attack helicopter market segmentation, based on MTOW, includes below 8 metric ton (16,000 lbs) and above 8 metric ton (16,000 lbs). The above 8 metric ton (16,000 lbs) segment dominated the market in 2022. Larger attack helicopters typically have more space for advanced defensive systems, such as electronic warfare suites, anti-missile countermeasures, and improved armor protection. These features enhance the aircraft's survivability in combat, making them attractive options for military modernization programs.
Attack helicopter Platform Insights
The Attack helicopter market segmentation, based on platform, includes army, navy and air force. The air force category generated the most income in 2022. The Air Force's Close Air Support role is crucial, especially when it comes to directly supporting ground forces that are involved in combat. Attack helicopters can fly at low altitudes and hover above targets, delivering precise and quick gunfire when required, making them well-suited for CAS missions. The Air Force continues to see an increase in demand for attack helicopters as CAS remains a crucial idea in contemporary warfare.
Figure 1: Attack Helicopter Market, by Platform, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Attack helicopter Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Attack Helicopter Market dominated this market in 2022 (45.80%). Counterterrorism and homeland security are major market drivers for attack helicopters in North America, particularly in the United States and Canada. These helicopters are crucial for maintaining border and home security, fending off attacks from non-state actors, and being able to react quickly to domestic situations. Further, the U.S. Attack helicopter market held the largest market share, and the Canada Attack helicopter market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ATTACK HELICOPTER MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Attack helicopter market accounts for the second-largest market share. Collective defense is emphasized by European nations, many of whom are NATO members, as a major factor driving the attack helicopter industry. To maintain security and thwart potential threats, these nations cooperate. Attack chopper capability and protection of European airspace are essential components of this collective defense concept. Further, the German Attack helicopter market held the largest market share, and the UK Attack helicopter market was the fastest growing market in the European region.
The Asia-Pacific Attack Helicopter Market is expected to grow at the fastest CAGR from 2023 to 2032. Many nations in the Asia-Pacific region have been increasing their defense budgets in order to address security issues and modernize their armed forces. This includes spending on state-of-the-art attack helicopter capabilities to increase their military preparedness. Moreover, China’s Attack helicopter market held the largest market share, and the Indian Attack helicopter market was the fastest growing market in the Asia-Pacific region.
Recent News:
In 2023, Airbus Helicopters and Korea Aerospace Industries (KAI) reached an agreement to begin serial manufacture of the Light Armed Helicopters (LAH). This comes after the country's Defence Acquisition Programme Administration awarded KAI a contract in December 2022 to supply an initial batch of ten LAH to the Republic of Korea Army. Deliveries will begin at the end of 2024, with more orders expected throughout the next decade. With this agreement, Airbus Helicopters and KAI will move on to the next phase of the program, increasing LAH manufacturing at KAI's Sacheon site in South Korea. Airbus Helicopters will help KAI fulfill its orders by delivering the necessary kits for mass manufacturing.
Boeing announced in 2023 that Apache Helicopter manufacture for the Indian Army will begin at its Mesa, Arizona facility. These AH-64E helicopters are known for their superior technology and will boost India's defense capabilities. They build on a collaboration between Boeing and Tata Boeing Aerospace Limited (TBAL), which delivered the first AH-64 Apache fuselage to the Indian army.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Attack helicopter market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Attack helicopter industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Attack helicopter industry to benefit clients and increase the market sector. In recent years, the Attack helicopter industry has offered some of the most significant advantages to medicine. Major players in the Attack helicopter market, including Russian Helicopters (Rostec), The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., MD Helicopters Inc., Hindustan Aeronautics Limited, Leonardo SpA, Turkish Aerospace Industries, and others, are attempting to increase market demand by investing in research and development operations.
The Boeing Co. (Boeing) creates, develops, and produces military and commercial aircraft, as well as technologies for space, defense, and security. For commercial use, the corporation offers different models of aircraft, including business jets, and for military use, trainer aircraft, rotorcraft, tilt-rotor aircraft, tanker aircraft, anti-submarine aircraft, and other assault aircraft and helicopters. Additionally, it develops, produces, integrates, and designs satellites, launch vehicles, and military systems. The organization additionally offers information-based services, maintenance, training, revisions, data analytics, and support for logistics. It provides services to both commercial and governmental clients everywhere. Across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, the corporation has operations. In the US, Arlington, Virginia, serves as the home of Boeing.
The company Airbus SE (Airbus) focuses on offering services in the aerospace, defense, and space industries. Commercial aircraft, passenger aircraft, helicopters, business jets, unmanned aerial systems, and cargo aircraft are all produced by the corporation. Additionally, Airbus provides civil and parabolic helicopters, special mission aircraft, and medium and light military transport aircraft. The business offers space services in addition to designing, producing, and launching satellites and orbital equipment. Additionally, it provides services for flight operations, upgrades, and training. Through the Airbus brand, the business offers its goods and services. It conducts business across the Middle East, Africa, Asia-Pacific, Europe, and the Americas. The Netherlands' Leiden, in South Holland, serves as the home base for Airbus.
For Instance, September 2023 The Boeing Company and Aviation Capital Group LLC announced the airplane lessor finalized an order for 13 737 MAX jets.
For Instance, August 2023 In Airbus Helicopters and Korea Aerospace Industries signed an agreement to initiate the serial production phase of the Light Armed Helicopters (LAH).
For Instance, May 2021 The Philippine government declared that six T129B Atak assault helicopters had been ordered from Turkish Aerospace. It was anticipated that the deliveries will begin in the third quarter of 2021. An estimated USD 286 million (PHP 13.8 billion) in funding has been set aside for the transaction.
Attack helicopter MTOW Outlook
Attack helicopter Platform Outlook
Attack helicopter Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 7.2 Billion |
| Market Size 2023 | USD XX Billion |
| Market Size 2032 | USD 12.64 Billion |
| Compound Annual Growth Rate (CAGR) | 6.30% (2022-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2022-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | MTOW, Platform, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Russian Helicopters (Rostec), The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., MD Helicopters Inc., Hindustan Aeronautics Limited, Leonardo SpA, Turkish Aerospace Industries. |
| Key Market Opportunities | Training and Skilled Workforce. |
| Key Market Dynamics | Multi-Role Capability. |
Attack Helicopter Market Highlights:
Frequently Asked Questions (FAQ) :
The Attack helicopter market size was valued at USD 7.2 billion in 2022.
The market is projected to grow at a CAGR of 6.30% during the forecast period, 2022-2032.
North America had the largest share in the market
The key players in the market are Russian Helicopters (Rostec), The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., MD Helicopters Inc., Hindustan Aeronautics Limited, Leonardo SpA, Turkish Aerospace Industries.
The Above 8 metric ton (16,000 lbs) category dominated the market in 2022.
The Air Force had the largest share in the market.
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