LONDON, 13 Jan. 2012. The military helicopter modernization, upgrade, and retrofit market—commonly referred to as MRO, or maintenance, repair, and overhaul--will reach a value of $3.98 billion in 2012, according to a new report from Visiongain. The strains of recent operations combine with tighter budgets and a need to maintain a qualitative advantage are driving the upgrade and retrofit of existing helicopter platforms. 

The Military Helicopter Modernization, Upgrade & Retrofit Market 2012-2022 report recognizes that “modernization and upgrade of older helicopter platforms presents a favorable option to new buys for many nations within the current economic climate of pressurized defense budgets, while retrofit will also be used in tandem to a policy of new buys by emerging militaries around the world.” 

The report contains 111 tables, charts, and figures that quantify and forecast the military helicopter modernization, upgrade, and retrofit market. Visiongain provides forecasts for the period 2012-2022 in terms of value (US$) for the military helicopter modernization, upgrade, and retrofit market as well as for seven helicopter-type submarkets that form the overall market figure.

The report further forecasts 10 leading national military helicopter modernization, upgrade, and retrofit markets from 2012-2022, providing profiles of 15 leading companies operating within the market, and includes an exclusive interview with RUAG, a Swiss aerospace company, offering MRO of military helicopters.