. | . |
Airbus expected to lead light military helicopter market, report says by Richard Tomkins Washington (UPI) Oct 25, 2017
More than 1,600 light military helicopters will be built over the next 15-years by manufacturers worldwide for a value of about $22.2 billion, according to a market report. Market intelligence and analysis firm Forecast International said Tuesday it came to the conclusion using data from its Platinum Forecast System 3.1. Production of light military rotorcraft -- those weighing less than 15,000 pounds -- has been on the upswing since 2014, rising from the 160 units produced that year to 208 in 2016, the firm said. The upswing has continued in 2017, with 217 such aircraft expected to be built. A decline in annual build rates is expected to set in soon, and will last until 2023, when production of 73 rotorcraft is forecast, the company said. But some minor growth and longer-term stability is expected, with production rising to 87 units in 2024. Production rates will then remain at between 75 and 87 units per year through at least 2030. Forecast International senior aerospace analyst Raymond Jaworowski expects near-term defense spending in the United States "will go mainly to readiness and RDT&E accounts, rather than to procurement." "The effects of increased defense spending on rotorcraft acquisition will be more apparent outside the U.S., where some countries could accelerate certain fleet modernization plans," Jaworowski said. "While North America and Europe are currently the two largest regional markets for light military rotorcraft, Asia will grow in importance as a regional market over the next 15 years. Manufacturers will also be able to find sales opportunities in Latin America, Africa, and the Middle East." Airbus Helicopters is projected in the report to lead the light military rotorcraft market in unit production, producing 420 units for a 26.1 percent market share from 2017-2031. China's Avicopter is expected to take the second place with production of 301 units for an 18.7 percent share. Hindustan Aeronautics Ltd of India will produce 257 units, a 16 percent share, while Bell Helicopter is projected to be fourth, with production of 225 units for a 14 percent share.
Sofia (AFP) Oct 24, 2017 Bulgarian air force pilots refused to fly their Soviet-built MiG-29 jets for planned training on Wednesday, blaming safety concerns and a lack of flight preparation. "Some of the pilots from Graf Ignatievo air base will not perform training flights because of insecurity," deputy defence minister Atanas Zapryanov confirmed after a report by specialist website Aero about the boycott. The p ... read more Related Links Aerospace News at SpaceMart.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |