Nov 21, 2020 SOURCE: BusinessWire

Global America Attack Helicopter Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

The "America Attack Helicopter Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The America attack helicopter market is expected to exhibit a growth rate of more than 3% during the forecast period (2020 - 2025).

Companies Mentioned

Lockheed Martin Corporation
The Boeing Company
Textron Inc.
Rostec
MD Helicopters Inc.
Leonardo SpA
Airbus SE

Key Market Trends

The Need to Replace the Ageing Fleet of Attack Helicopters is Driving the Market

Countries in the America region are currently facing the problem of ageing fleet of existing helicopters. The relatively new Apache AH-64 has served the United States for more than three decades and are expected to reach their full operational life between 2030 and 2040. Many countries in the region are procuring new attack helicopters and updating the existing fleet. In 2017, the National Security and Defense Committee of Canada recommended the replacement of existing CH 146 Helicopters with attack helicopters. In 2018, the United States Navy announced a USD 500 million deal with Bell Helicopter to procure 29 AH-1Z attack helicopters equipped with advanced avionics.

In 2018, Boeing started testing the conceptualized Apache AH-64E Block 2 Compound with a bigger fixed-wing and pusher propeller. The upgrades increase the range and speed of the helicopter to 850 kilometers and 343 km/hr respectively and provide high fuel efficiency. Block 2 Compound is offered as an interim replacement for United States Army's Apache fleet that will be replaced by 2040 under the Future Vertical Lift program. In 2019, Boeing delivered 300th Apache to the United States Army.

The United States to Exhibit the Highest Growth Rate During the Forecast Period

The United States is the highest military spender in the world and in 2019, the US military spending was USD 732 billion. The United States is heavily investing in upgrading its air dominance capability. Innovations are significantly driving the market growth for attack helicopters. The United States will start receiving version 6 hardware and software upgrade for Apache AH-64E attack helicopters from August 2020. The new upgrade will give the AH-64E drone and ship hunting capabilities. The advanced optronic and sight systems will increase the efficiency of reconnaissance operations.

The United States is currently looking for light reconnaissance and attack helicopter and two major contenders, Lockheed Martin Corporation and Textron Inc. have been asked to present the prototypes as a part of Future Attack Reconnaissance Aircraft (FARA) program. In 2019, Bell Textron Inc. introduced its Bell 360 Invictus helicopter that is cost-effective due to the installation of existing commercial technology, agile with high-speed capability that meets all the requirements of the United States Army. Lockheed Martin's Sikorsky presented its Raider X concept for the FARA program. Raider X is developed on the existing S-97 Raider scout attack helicopter platform and has high agility and maneuverability. The aforementioned instances and developments are pushing the growth of attack helicopters market in the country.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

4.4.1 Threat of New Entrants