Jaideep Mirchandani Chronicles the Dubai Aviator's Soaring Legacy

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INDIA SOARS AMIDST 28.4 BILLION GLOBAL
HELICOPTER MARKET FORECAST BY 2033
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INTRODUCTION
With nations across the globe striving to upgrade
their military aviation prowess, extensive
efforts to replace older helicopter fleets with
state-of-the-art rotorcrafts have gained
prominence. The United States, for instance, has
initiated the acquisition of the V-280 Valor,
aiming to retire the Sikorsky UH-60 Black Hawk
helicopters under its Future Long-Range Assault
Aircraft program. These endeavours are projected
to escalate the worldwide military rotorcraft
market from 19.6 billion in 2023 to 28.4
billion by 2033, growing at a Compound Annual
Growth Rate (CAGR) of approximately 3.8, as
revealed by GlobalData. The report Global
Military Rotorcraft Market 2023-2033, by
GlobalData, underscores that enduring regional
power dynamics and territorial disputes will be
the key factors prompting the procurement of
rotorcrafts across countries. The ongoing
Russia-Ukraine conflict is predicted to
pressurise several European nations to increase
their defence budgets, spurring the demand for
military rotorcrafts in the approaching decade.
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Chandan Kumar Nayak, Aerospace and Defence
Analyst at GlobalData, asserts, Mounting
geopolitical tensions and regional conflicts have
necessitated an increase in nations budgetary
provisions for helicopter procurement. Armed
forces are progressively centring on amalgamating
emerging technologies, enabling more efficient
mission accomplishment. Nations such as the US
and China are at the forefront of technology,
utilising artificial intelligence (AI) to reduce
pilot workloads and assist in mission-related
decision-making. Similarly, integrating hybrid
propulsion systems for future military
helicopters is being contemplated to improve
flight performance. Technological breakthroughs
like these are expected to significantly
contribute to future military rotorcrafts
enhanced flight performance and attack
capabilities.
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Simultaneously, nations like Turkey and South
Korea are elevating indigenisation levels through
technology transfer agreements and collaborations
with leading global helicopter manufacturers,
making considerable investments in domestic RD
and manufacturing infrastructure. These tactics
are aimed at minimising import reliance to cater
to military requirements. In a similar vein,
India is pushing the envelope with the
development and induction of several indigenously
produced helicopters, such as the Light Combat
Helicopter (LCH), Light Utility Helicopters
(LUH), and Indian Multi-Role Helicopter (IMRH),
to modernise its armed forces vertical lift
capabilities. Given the surging demand from
armed forces for supply and logistics operations,
transport and utility helicopters are anticipated
to dominate the military rotorcraft market.
Globally, the focus is pivoting towards multirole
rotorcrafts armed with cutting-edge technologies.
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Nayak concludes, The escalating complexity and
cost of military rotorcraft development
necessitate international collaboration, as
nations aim to lessen the risks and costs
associated with developing and acquiring new
rotorcraft platforms. Reflecting this trend,
nations like France, Germany, Italy, Greece, the
Netherlands, and the UK have entered into a
Memorandum of Understanding (MoU) to develop a
new medium-lift helicopter for NATO under the
Next-Generation Rotorcraft Capabilities (NGRC)
project. Highlighting the substantial growth
potential of the market, Director General Army
Aviation Corps, Lieutenant General AK Suri,
emphasised numbers. With the Indian Army
currently operating 400 helicopters and projected
to have around 700 in the forthcoming 8-10 years,
there is a pressing need to expand MRO capacities
to meet the demand over the coming decade.
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