PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1427038
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1427038
Program Sustainment Guarantees Market Stability
In this research service, Frost & Sullivan provides an overview of the US military helicopter market, highlighting growth drivers, restraints, and opportunities. The study also outlines the Department of Defense's (DoD) Fiscal 2024 budget request for rotary wing aircraft programs and some representative contracts. Furthermore, the study includes a forecast and an analysis of future spending trends.
The market is at a maturity stage, as maintenance and upgrade programs will ensure long-term contract stability and the development of new platforms will bring about procurement opportunities to companies from the DoD and foreign countries.
Unmanned aerial vehicles (UAVs) and manned-unmanned teaming (MUM-T) capabilities will become key market segments during the study period. Established players might adapt to the demand and provide these technologies, or small businesses will take over the supply.
However, it is worth noting that the complexity of new platforms will result in longer certification approval periods, and the DoD will incur high training costs for pilots to adapt to new platforms.