AMSTERDAM, Feb. 6, 2017 /PRNewswire/ -- The global military and government is projected to grow to USD 13.9 billion by 2020, at a CAGR of 8,4% from 2016 to 2020, where medium-lift type helicopters are dominant in terms of systems delivered and in terms of value. After 2020, the value of helicopters in these sectors should fall to USD 9.4 billion by 2022, or a CAGR of - 6,5%, as a number of major procurement programs come to an end.
The helicopter's prominence has been steady since the aircraft first entered mass production in the 1940s. The Vietnam War was the starting point where the helicopter in military use came into its own with the iconic Bell UH-1 Iroquois - better known as the Huey - becoming the main workhorse of the US Army and an integral part of the US's operations in the conflict. More recently, the helicopter has played a prominent military role in conflicts like Afghanistan and Iraq.
The helicopter continues to be popular in the military being used in a wide range of roles, including transport, reconnaissance, attack, anti-surface and anti-submarine warfare, as well as search and rescue (SAR). Government roles include law enforcement, VIP, utility, SAR, Emergency Medical Services (EMS) and firefighting.
Market Forecast's new report, the Global Military and Government Helicopter Market Forecast to 2022, provides a detailed analysis of the military and government helicopter market from 2016-2022, focusing on major rotary-wing programs, requirements and orders in more than 50 countries, with particular focus on 23 countries, worth in excess of US$82.1 billion over the entire period.
Through 126 pages, the Global Military and Government Helicopter Market Forecast to 2022 provides:
- Global market share assessments for all types in numbers delivered and value for 2016 to 2022.
- Market share assessments per region and per country for 2016 to 2022.
- Roles and types of helicopters.
- Main helicopter trends.
- Market contracts share of the leading vendors.
- Market Trends (drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations).
- Company profiles for the leading companies, including financial information, strategic alliances, and recent contract wins.
The report is completed with detailed financial data of the value of recent and future identified orders, market share by types of helicopters, as well as a SWOT analysis to ensure that the strengths and weaknesses of the market are fully identified - to provide an understanding of the military and helicopter market in the years to come.
About Market Forecast
Market Forecast provides syndicated intelligence studies for the Aerospace and Defense market for private and public sector organizations.
Our studies display opportunities for our customers to expand in existing markets or to develop new markets and supports them in developing market strategies. All stakeholders, available products, market requirements and new technologies considered.
Market Forecast is a brand of the private owned company ASD Media BV and is located in Amsterdam, The Netherlands, Europe. The company exists for over ten years and has a long experience with market research, computer models, and online products.
In our philosophy the quality of the analyst is key for our product. Besides the unquestionable required market and analytical skills of our analysts we invest in the development of new data collection and analysis technology to offer market research that is cost-effective, of high quality, up to date and instantly available. New technology in combination with solid analysts expertise forms market intelligence that creates your competitive advantage.
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/military-and-government-helicopter-market-usd-721-bn-in-next-5-years-300402275.html
SOURCE Market Forecast