Page 14 - ADT MAY-JUNE 2022 Online Magazine
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A Buzz in focus on promoting self-reliance in defence [ AIR SYSTEMS ]
manufacturing. Analysts expect the increase
in use of military transport aircraft for human-
itarian aid, firefighting, addressing national
disaster situations and for medical evacuation
to be another catalyst for the growth of the
the Air market. With the effects of the pandemic wear-
ing off and countries starting to spend more
in strengthening their military capabilities, the
global military transport aircraft market is pro-
jected to reach US$45,397.60 million by 2030,
growing at a CAGR of 4.8. per cent until the end
of the decade.
AS COUNTRIES LOOK TO REPLACE THEIR
AGEING FLEET OF MILITARY TRANSPORT Making an Impact
AIRCRAFT, NEW PLAYERS PREPARE TO SHAKE India's Hindustan Aeronautics Limited (HAL) is
developing a 13-tonne twin-engine, multi-role,
UP THE MARKET medium-lift transport helicopter called the
Indian Multi-Role Helicopter (IMRH), which is
Arun Sivasankaran expected to enter service in 2028. According
to reports, HAL is in talks with Safran to jointly
and indigenously manufacture the new engine
A market traditionally dominated by big names from the U.S. and that will power the IMRH. The helicopter will
Europe is getting increasingly competitive as new players from the replace the various variants of Russian Mi-17s,
Asia Pacific and other regions emerge to capitalize on the growing with the phasing out of the earlier versions
demand for military transport aircraft. The entry of companies from of the helicopters to begin around 2028. The
countries such as Turkey, South Korea, Japan, and India into the IMRH will be used for a wide variety of opera-
field has as much to do with the increase in the number of coun- tions, including troop transport, VVIP travel, and
tries looking to replace their aging fleet of transport aircraft as the search and rescue. The new helicopter, which
14 | May/June 2022 WWW .GBP .COM.SG/ ADT