at a projected cost of USD 2.6 Billion was approved by U.S. State Department
in April, 2019. These factors are the driving force behind the leading growth
of the market in North America region.
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Rising Technological Advancements and Investments in Defense
Sector
The companies operating in the market are continuously working on
innovations in the product in order to ensure the production and delivery of
maintainable, reliable and mission ready rotorcrafts. For instance, Boeing
supports the vital missions of the defense forces in the world. Additionally,
the procurement of the aerial vehicles has increased in the recent years on
account of their effectiveness and higher range of operation. Such factors are
significantly driving the growth of the market.
However, lack of maintenance and decline in the services pertaining to repair
and maintenance is expected to restraint the growth of the global military
rotorcraft market over the forecast period.
This report also provides the existing competitive scenario of some of the key
players of the global military rotorcraft market which includes company
profiling of Lockheed Martin Corporation, Boeing Company, Textron Inc.,
Airbus SE, Leonardo SpA, Korea Aerospace Industries Ltd., Changhe
Aircraft Industries Corporation, Hindustan Aeronautics Limited (HAL), MD
Helicopters Inc., and Turkish Aerospace Industries Inc.The profiling enfolds
key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On