Visiongain Forecasts Business Worth Nearly $4 Billion

Analysis from the European business intelligence firm Visiongain indicates that the military helicopter modernization, upgrade & retrofit market will reach a value of $3.98 billion in 2012. The company attributes the forecast growth to the strains of recent operations combine with tighter budgets, and a need to maintain a qualitative advantage drive the upgrade and retrofit of existing helicopter platforms.

The report's authors say that  of The Military Helicopter Modernisation, Upgrade & Retrofit Market "modernization and upgrade of older helicopter platforms presents a favourable option to new buys for many nations within the current economic climate of pressurised defence budgets, while retrofit will also be used in tandem to a policy of new-buys by emerging militaries around the world."

The report provides forecasts for the period 2012-2022 in terms of value in U.S. dollars for the military helicopter modernization, upgrade & retrofit market as well as for 7 helicopter type submarkets that together form the overall market figure. In addition, the report quantifies, analyses and forecasts 10 leading national military helicopter modernization, upgrade & retrofit markets from 2012-2022. The report provides profiles of 15 leading companies operating within the market, and includes an exclusive interview with RUAG, a leading Swiss aerospace company, offering modernization, upgrade and retrofit of military helicopters, providing expert insight alongside Visiongain analysis.

FMI: www.visiongainglobal.com