Jay Clemens
A new Strategic Defense Intelligence report foresees a global military rotorcraft market that would increase to $27.3 billion by 2025 from $21.1 billion in 2015.
The analyst has set a compound annual growth rate of 2.61 percent for the market, with Asia Pacific to account for majority of the share over the 10-year period, Market Reports Store said Thursday.
According to the SDI report, Asia Pacific nations would spend the most dollars into rotorcraft, followed by North America.
It said it expects multi-mission and maritime helicopters to represent majority of expenditure in the global military rotorcraft market.
The report also projects training helicopters to account for $3.3 billion in total spending during the forecast period.
