NEWTOWN, Conn., Oct. 13, 2016 (GLOBE NEWSWIRE) -- In a newly released analysis, "The Market for Light Military Rotorcraft," Forecast International projects that a total of 1,241 light military rotorcraft will be produced from 2016 through 2025. The Connecticut-based market research firm estimates the value of this production at $19.7 billion (in FY16 U.S. dollars). The new study defines a light military rotorcraft as one having a maximum gross weight of less than 6,804 kilograms (15,000 lb).
Forecast International projects that, after declining since 2012, annual production of light military rotorcraft will increase to 190 units in 2016 and an impressive 216 units in 2017. This rise will be the result of short-term production increases in a number of programs in order to meet upward ticks in planned deliveries. However, this period of growth is expected to be short-lived, with annual output expected to begin declining again as soon as 2018. Yearly production is projected to fall to double-digit levels by 2022 and remain there through 2025.
Foremost among the various trends affecting the light military rotorcraft market is the fact that many nations have reduced defense spending.
"Over the next few years, global instability and a need to recapitalize equipment inventories could lead to slight, or even moderate, increases in defense spending in many countries. Even with stable or moderately rising defense budgets, though, the light military rotorcraft sector may not substantially benefit," said Forecast International senior aerospace analyst Raymond Jaworowski.
A number of key ongoing rotorcraft acquisitions are running their course, and recent budgetary pressures have forced some of these programs to be reduced in scope. At the same time, few new-start rotorcraft acquisition programs have been formally launched, as resources are being directed to other areas.
Even with a shrinking market, though, various sales opportunities will still exist around the world. Over the next 10 years, customers in Asia will account for an increasing share of the global market.
The Forecast International study also includes market share projections by manufacturer. Airbus Helicopters is forecast to lead the market in unit production, producing 316 light military helicopters for a 25.5 percent market share. Bell Helicopter is projected to be second, with production of 226 helicopters for an 18.2 percent share.
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. The firm, which publishes eight International Military Market services, also maintains a high posture of situational awareness and geopolitical analysis. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.
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Source:Forecast International, Inc.