Sales Projected To Climb To $4.82 Billion In 2013

Helicopters are crucial to military operations. Defense spending cuts and the prohibitive cost of new helicopters have pushed countries to opt for modernization, upgrade and retrofit programs to extend the service life of existing helicopter fleets. In some cases, many of these rotorcraft simply remain viable to serve for many more years and it makes sense to opt to expand the capabilities of current rotorcraft.

The latest defense report the Global Military Helicopter Modernization, Upgrade and Retrofit Market 2013-2023 published by ASD finds substantial spending for military helicopter modernization, upgrade and retrofit, although the pace of growth will vary over the forecast period of 2013-2023.  We assess that global spending on military helicopter modernization, upgrade and retrofit will amount to $4.82 billion in 2013.

Seven key submarkets are forecast from 2013-2023: Attack, Reconnaissance, Heavy Cargo, Medium Utility, Light Utility, Maritime, Search and Rescue. The report also provides forecasts and analysis for the 15 leading national military helicopter modernization, upgrade and retrofit markets. The report provides profiles of 15 leading companies operating within the military helicopter modernization, upgrade and retrofit market. An exclusive interview from an expert from Selex ES also provides expert opinion alongside our analysis giving insight into the prospects for the military helicopter modernization, upgrade and retrofit market.

(Kiowa Warrior image from file.)

FMI: www.asdreports.com