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Fleet Rationalisation and Ongoing Renewal Cycles Boost Helicopter Systems Market Globally Finds Frost & Sullivan - Asia-Pacific, Central Asia and the Middle-East look for newer platforms while North America, Europe and Latin America opt for upgrades - Defense.Frost.com
Fleet Rationalisation and Ongoing Renewal Cycles Boost Helicopter Systems Market Globally Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/11/19 - Asia-Pacific, Central Asia and the Middle-East look for newer platforms while North America, Europe and Latin America opt for upgrades - Defense.Frost.com.

   
 
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Increasing rationalisation of helicopter fleets and the adoption of a 'one-size-fits-all' approach to reduce costs and enhance platform capabilities is driving the global military, parapublic and commercial helicopter systems market. Advances such as increasing platform speed range, flight control reliability, mission responsiveness rates, efficiency, and platform versatility coupled with decreasing fuel consumption and refuelling frequency, further encourage helicopter systems uptake.

New analysis from Frost & Sullivan (defense.frost.com), Global Military, Parapublic and Commercial Helicopter Systems Market Assessment, finds that the market earned revenues of $4.43 billion in 2012 and estimates this to reach $6.21 billion in 2022.

Ongoing helicopter fleet renewal cycles, especially in the military segment, are spurring the demand for new platforms. In fact, procurements in Asia-Pacific, Central Asia and the Middle-East will take the collective market size up to $49.14 billion by 2022. Meanwhile, North America, Europe and Latin America offer immense market potential for platform mid-life upgrades, which will account for 23.1 percent of the total market by 2022.

"Demand from cost-conscious customers looking to reduce maintenance costs and execute fleet optimisation plans is fuelling the market for helicopter systems globally," said Frost & Sullivan Aerospace & Defence Research Analyst Alix Leboulanger. "End users perceive helicopter systems as a means to bridge the gap between ageing platforms and delayed new procurements."

However, the high costs of system acquisition and integration remain a drawback in the face of tight budgets. End users are reviewing their priorities in terms of new procurements and certain military programs have been put on hold. Consequently, revenue opportunities from upgrades seem more promising, although small-volume orders are likely.

Civilian customers using traditionally military equipment, such as night vision goggles, are facing the double challenge of acquiring new, advanced systems and then integrating them with existing platforms. The ensuing need to modify existing systems and provide additional training for pilots and personnel has deterred market investments from non-military end users.

"Regulations pose another obstacle to the military-civil convergence trend. Dual-use certification for systems to be employed by both military and non-military end users is not yet in place due to growing embargoes and military export concerns" remarked Alix Leboulanger. "Civilian airspace regulations, such as weather minima or air traffic management, must be reviewed to enable non-military pilots to use advanced tools while maintaining high flight safety standards."

If you are interested in more information on this research, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full contact details.

Global Military, Parapublic and Commercial Helicopter Systems Market Assessment (M96F-16) is part of the Defence Growth Partnership Service program. Frost & Sullivan's related research services include: Global Military Training & Simulation Market Assessment, Military Unmanned Aerial Systems Market Assessment, Global Force Protection Market Assessment, and Global Military Land Vehicles Market Assessment. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

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Fleet Rationalisation and Ongoing Renewal Cycles Boost Helicopter Systems Market Globally Finds Frost & Sullivan

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Helicopter Systems Market | Frost & Sullivan
Contact: Joanna Lewandowska - Frost.com 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
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