Military Helicopters Market Size, Share 2021 And Forecasts By TBRC

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LONDON, Aug. 31, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company's research report on the military helicopters market, the size of the global military helicopter market is expected to grow from $50.75 billion in 2020 to $52.27 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The military helicopter market forecast is expected to reach $67.5 billion in 2025 at a CAGR of 6.6%.

Asia Pacific is the largest region in the military helicopters market, accounting for 30.8% of the total in 2020. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the military helicopters market will be Eastern Europe and Asia-Pacific where growth will be at CAGRs of 7.4% and 6.1% respectively. These will be followed by Western Europe, and Middle East, where the markets are expected to grow at CAGRs of 5.1% and 4.7% respectively.

The military helicopters market is segmented by type into light military helicopters, medium military helicopters, and heavy military helicopters. The heavy military helicopters market was the largest segment of the military helicopters market segmented by type, accounting for 39.1% of the total in 2020. Going forward, the light military helicopters market is expected to be the fastest growing segment in the military helicopters market segmented by type, at a CAGR of 5.7% during 2020-2025.

The Business Research Company's report titled Military Helicopters Global Market Report 2021: COVID-19 Impact and Recovery to 2030 covers …

Full story available on Benzinga.com

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