Tuesday, September 24, 2013
World Rotorcraft Fleet Valued at $193 Billion in 10-Year Outlook
Civil and military rotorcraft operators will require 16,126 new helicopters worth $193.1 billion over the next decade, according to the Teal Group's annual world rotorcraft review released September 24 at the Helitech International 2013 conference in London.
The 10-year forecast projects civil users will require 10,308 rotorcraft worth $60.3 billion and the military will require 5,818 new helicopters worth $132.8 billion through 2022. AgustaWestland, Bell, Boeing, Eurocopter and Sikorsky are expected to account for 96 percent of sales of new rotorcraft over the next decade, according to the Teal Group. Richard Aboulafia, vice president of the Teal Group, said his company's forecast does not account for "heavy upgrade activity" that will be required to maintain aging fleets.
Boeing and Sikorsky will continue to dominate the military market, while Eurocopter and AgustaWestland will battle to dominate the civil market, the Teal Group said in its forecast. Besides the five major rotorcraft airframe manufacturers mentioned in their report, Korea Aerospace Industries (KAI) is expected to be the only company to establish new market presence.
Related: Airframe News