India’s Hindustan Aeronautics Limited (HAL) is projected to be the third among the world’s top four manufacturers of light military helicopters weighting less than 15000 pounds, over the next 15 years.
In a report compiled by market research firm Forecast International, Airbus Helicopters is projected to lead the light military rotorcraft market manufacturing 420 units for a 26.1 percent market share from 2017-2031.
China's Avicopter is expected to take the second place with production of 301 units for an 18.7 percent share. Hindustan Aeronautics Ltd of India will produce 257 units, a 16 percent share, while Bell Helicopter is projected to be fourth, with production of 225 units for a 14 percent share.
More than 1,600 light military helicopters will be built over the next 15-years by manufacturers worldwide for a value of about $22.2 billion, according to a report by market intelligence firm Forecast International Tuesday which said it came to the conclusion using data from its Platinum Forecast System 3.1.
Production of light military rotorcraft, weighing less than 15,000 pounds (8600 kilograms) has been on the upswing since 2014, rising from the 160 units produced that year to 208 in 2016 and further increasing to 217 in 2017.
A decline in annual build rates is expected to set in soon, and will last until 2023, when production of 73 rotorcraft is forecast, the company said. But some minor growth and longer-term stability is expected, with production rising to 87 units in 2024. Production rates will then remain at between 75 and 87 units per year through at least 2030.
Forecast International senior aerospace analyst Raymond Jaworowski said, "the effects of increased defense spending on rotorcraft acquisition will be more apparent outside the U.S., where some countries could accelerate certain fleet modernization plans," Jaworowski said.
"While North America and Europe are currently the two largest regional markets for light military rotorcraft, Asia will grow in importance as a regional market over the next 15 years.
The Royal Thai Police has received two H175 helicopters from Airbus Helicopters, making it the first in Asia Pacific to operate the newest rotorcraft. The Royal Thai Police will be using this super medium aircraft, equipped with the latest aircraft technology and capabilities, for VVIP transportation and various police missions
Airbus Helicopters' has completed the first flight of its H145M military chopper equipped with HForce weapon system of which Serbia is the launch customer. The helicopter can be equipped with various guided and ballistic armaments such as missiles and laser guided rockets, machine guns and rockets
Hindustan Aeronautics Limited signed its second contract for the supply of Advanced Light Helicopters (ALH) choppers to the Indian MoD this year taking its order book from the military versions of the choppers to 73. The recent contract is for 40 ALH choppers to the Indian Army and one to the Indian Navy
State-owned Hindustan Aeronautics Limited (HAL) on Saturday launched the production of the 5.8 ton category Light Combat Helicopter (LCH) to fulfill an Indian MoD order for 15 helicopters
Romanian Defense Minister Adrian Tutuianu has signed a letter of intent with Bell Helicopter to acquire AH-1Z Viper combat helicopter for the countrys armed forces. For the planned procurement, funds will be provided from the €9
The Avicopter AC352 rotorcraft equipped with WZ16 engine has completed first flight today in Harbin. Developed by Avicopter and Airbus Helicopters jointly, the AC352 is a new seven-ton, twin-engine, multi-purpose rotorcraft
Israel Gets Two More F-35 “Adir” Jets
Israel Aerospace Secures $50M MRSAM Missile Maintenance Deal with Indian Navy
F-35 Cost to Rise if Turkey Expelled From Program: Former Turkish Foreign...
China Develops Tech to Reduce Fatigue of Helicopter Rotors
China Displays ‘Upgraded’ FC-31 Stealth Jet Model at Paris Airshow 2019
Dearth of Fighter Jets In Paris Air Show Aerial Displays
India To Give The Final Go-ahead To $1.7 Billion C-295 Transport Aircraft
Design of Russian-made 'World's Fastest Helicopter' Ready
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...