Key Insights
The global military helicopter market is poised for significant expansion, driven by escalating defense budgets and the continuous modernization of armed forces worldwide. The market is projected to achieve a substantial valuation, with an estimated compound annual growth rate (CAGR) of **11.70%** from 2019 to 2033. This growth trajectory is largely attributed to the increasing demand for advanced, multi-mission helicopters, essential for a wide array of operations including troop transport, search and rescue, attack, and reconnaissance. Key catalysts for this expansion include heightened geopolitical tensions, the imperative for rapid deployment capabilities, and ongoing technological innovations in avionics, sensor systems, and integrated weaponry.
Military Helicopter Industry Market Size (In Billion)
The market landscape is characterized by a strong preference for multi-mission helicopters owing to their inherent versatility, followed by transport helicopters. Leading manufacturers, including Textron, Russian Helicopters, Lockheed Martin, Airbus, Boeing, MD Helicopters, Leonardo, and Hindustan Aeronautics Limited, are engaged in intense competition, fostering continuous innovation to develop more efficient, potent, and technologically advanced aircraft.
Military Helicopter Industry Company Market Share
Market impediments such as high procurement and maintenance costs, inherent technological complexities, and potential supply chain vulnerabilities persist. However, the growing adoption of unmanned aerial vehicles (UAVs) for specific military applications is unlikely to diminish the demand for manned helicopters, which offer indispensable flexibility and human oversight in complex operational environments. Geographically, North America and Europe currently dominate market share, supported by robust military infrastructure and substantial defense expenditures. Nevertheless, emerging economies in the Asia-Pacific and Middle East regions are experiencing accelerated growth, mirroring their increasing military investments and modernization initiatives. The forecast period (2025-2033) anticipates considerable market growth as military modernization programs advance and technological innovations continue to enhance the capabilities of military helicopters. We project the market size to be approximately **34.3 billion** in **2025**, expanding to reach a significant valuation by 2033, based on the projected CAGR.
Military Helicopter Industry Market Report: Comprehensive Analysis & Future Outlook (2019-2033)
This in-depth market research report offers critical insights into the global military helicopter industry, providing strategic intelligence for stakeholders, investors, and decision-makers. Covering the period from 2019 to 2033, with **2025** as the base year and **2025-2033** as the forecast period, the report meticulously analyzes historical data (2019-2024) to forecast future market trends and growth opportunities. It examines key market participants such as Textron Inc., Russian Helicopters, Lockheed Martin Corporation, Airbus SE, The Boeing Company, MD Helicopters LLC, Leonardo S.p.A., and Hindustan Aeronautics Limited, alongside market dynamics, technological advancements, and emerging opportunities within multi-mission, transport, and other helicopter segments. Download this report to gain a competitive advantage in the evolving military helicopter market.
Military Helicopter Industry Market Dynamics & Concentration
The global military helicopter market exhibits a moderately concentrated structure, with a few major players holding significant market share. Market concentration is influenced by factors such as technological advancements, stringent regulatory frameworks, and the high capital investment required for research and development, manufacturing, and maintenance. The market is characterized by intense competition, with companies engaging in mergers and acquisitions (M&A) to expand their market reach and product portfolios. Over the historical period (2019-2024), approximately xx M&A deals were recorded, resulting in a market share shift of approximately xx%.
- Market Share: The top five players account for approximately xx% of the global market share in 2025.
- Innovation Drivers: Continuous technological advancements, including the development of unmanned aerial vehicles (UAVs) and autonomous flight systems, are key drivers of market growth.
- Regulatory Frameworks: Stringent export controls and defense regulations significantly influence market dynamics.
- Product Substitutes: The emergence of alternative technologies, such as advanced drone systems, poses a potential threat, although their capabilities are not yet fully comparable.
- End-User Trends: Increasing demand for advanced capabilities, such as improved situational awareness and enhanced survivability, drives innovation and market growth.
- M&A Activity: M&A activity is expected to remain significant during the forecast period, further consolidating the market structure.
Military Helicopter Industry Industry Trends & Analysis
The military helicopter industry is witnessing robust growth, driven by increasing defense budgets globally, modernization of existing fleets, and the demand for advanced capabilities. The market is expected to register a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Technological disruptions, including the integration of artificial intelligence (AI) and improved sensor technologies, are reshaping the competitive landscape. Market penetration of advanced technologies such as autonomous flight capabilities and improved rotorcraft designs will significantly influence future growth. The industry faces challenges such as escalating production costs and complex supply chains, however, the ongoing geopolitical instability is a significant market driver pushing demand higher. Consumer preferences are shifting towards greater autonomy, reduced maintenance requirements and improved operational efficiency. Competitive dynamics are characterized by intense R&D efforts, strategic partnerships, and the pursuit of technological leadership.
Leading Markets & Segments in Military Helicopter Industry
The North American region currently holds the dominant position in the global military helicopter market, fueled by substantial defense spending and the presence of major industry players. The United States remains the largest single market. The Transport Helicopter segment accounts for the largest revenue share, driven by the need for troop and cargo transport, logistical support and humanitarian operations. Europe also maintains a strong presence, with considerable domestic demand and regional exports contributing to market growth.
- Key Drivers (North America): High defense budgets, technological advancements, and strong domestic demand.
- Key Drivers (Europe): Significant defense expenditure, active participation in international peacekeeping missions and collaborative defense programs.
- Key Drivers (Asia-Pacific): Growing defense budgets, modernization of aging fleets and rising regional security concerns.
- Multi-Mission Helicopter Segment: High demand due to its versatility and adaptability to diverse roles.
- Transport Helicopter Segment: Largest market share due to its critical role in logistics and troop deployment.
- Other Helicopter Segment: This segment incorporates niche applications and specialist roles.
Military Helicopter Industry Product Developments
Recent product innovations center on increasing operational efficiency, reducing costs and enhancing operational capabilities. These include advanced avionics systems, improved engine technology, lighter weight materials, and enhanced sensor integration leading to improved situational awareness and reduced vulnerability. The emphasis is on developing helicopters with greater payload capacity, range, and survivability, better suited to meet the diverse needs of modern military operations.
Key Drivers of Military Helicopter Industry Growth
Several factors fuel the growth of the military helicopter industry. Technological advancements, such as the development of advanced materials and propulsion systems, constantly improve the operational capabilities of helicopters. Increasing global defense budgets provide the necessary funding for procurement and modernization programs. Furthermore, geopolitical instability and regional conflicts consistently drive demand for these crucial military assets.
Challenges in the Military Helicopter Industry Market
The military helicopter industry faces several challenges, including high manufacturing costs, complex supply chains susceptible to disruptions, and intense competition from established and emerging players. Regulatory hurdles and stringent export controls also impact market dynamics. The increasing complexity of modern helicopters presents maintenance challenges adding to their life-cycle costs.
Emerging Opportunities in Military Helicopter Industry
The integration of AI and autonomous capabilities presents a significant opportunity for growth. Strategic partnerships between defense contractors and technology companies are leading to the development of innovative solutions. Expansion into new markets and geographic regions with rising defense budgets also presents substantial opportunities for expansion.
Leading Players in the Military Helicopter Industry Sector
- Textron Inc.
- Russian Helicopters
- Lockheed Martin Corporation
- Airbus SE
- The Boeing Company
- MD Helicopters LLC
- Leonardo S.p.A
- Hindustan Aeronautics Limited
Key Milestones in Military Helicopter Industry Industry
- December 2022: The US Army awarded a contract to Textron Inc.'s Bell unit for next-generation helicopters, aiming to replace over 2,000 UH-60 Black Hawk helicopters.
- March 2023: Boeing secured a contract to manufacture 184 AH-64E Apache helicopters for the US military and international customers (Australia and Egypt), valued at USD 1.95 Million. Delivery is expected by the end of 2027.
- May 2023: The US State Department approved a potential USD 8.5 Billion sale of CH-47 Chinook helicopters and related equipment to Germany.
Strategic Outlook for Military Helicopter Industry Market
The future of the military helicopter industry appears bright, driven by ongoing technological advancements, the modernization of military fleets, and consistently rising defense budgets globally. Strategic partnerships and the exploration of new technologies will play critical roles in shaping industry dynamics and unlocking new market opportunities in the years to come. The integration of autonomous features and AI will significantly transform the capabilities of military helicopters.
Military Helicopter Industry Segmentation
-
1. Body Type
- 1.1. Multi-Mission Helicopter
- 1.2. Transport Helicopter
- 1.3. Others
Military Helicopter Industry Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Military Helicopter Industry Regional Market Share
Geographic Coverage of Military Helicopter Industry
Military Helicopter Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Body Type
- 5.1.1. Multi-Mission Helicopter
- 5.1.2. Transport Helicopter
- 5.1.3. Others
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. South America
- 5.2.3. Europe
- 5.2.4. Middle East & Africa
- 5.2.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Body Type
- 6. North America Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Body Type
- 6.1.1. Multi-Mission Helicopter
- 6.1.2. Transport Helicopter
- 6.1.3. Others
- 6.1. Market Analysis, Insights and Forecast - by Body Type
- 7. South America Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Body Type
- 7.1.1. Multi-Mission Helicopter
- 7.1.2. Transport Helicopter
- 7.1.3. Others
- 7.1. Market Analysis, Insights and Forecast - by Body Type
- 8. Europe Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Body Type
- 8.1.1. Multi-Mission Helicopter
- 8.1.2. Transport Helicopter
- 8.1.3. Others
- 8.1. Market Analysis, Insights and Forecast - by Body Type
- 9. Middle East & Africa Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Body Type
- 9.1.1. Multi-Mission Helicopter
- 9.1.2. Transport Helicopter
- 9.1.3. Others
- 9.1. Market Analysis, Insights and Forecast - by Body Type
- 10. Asia Pacific Military Helicopter Industry Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Body Type
- 10.1.1. Multi-Mission Helicopter
- 10.1.2. Transport Helicopter
- 10.1.3. Others
- 10.1. Market Analysis, Insights and Forecast - by Body Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Textron Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Russian Helicopters
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Lockheed Martin Corporation
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Airbus SE
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 The Boeing Compan
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 MD Helicopters LLC
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Leonardo S p A
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Hindustan Aeronautics Limited
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.1 Textron Inc
List of Figures
- Figure 1: Global Military Helicopter Industry Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Military Helicopter Industry Revenue (billion), by Body Type 2025 & 2033
- Figure 3: North America Military Helicopter Industry Revenue Share (%), by Body Type 2025 & 2033
- Figure 4: North America Military Helicopter Industry Revenue (billion), by Country 2025 & 2033
- Figure 5: North America Military Helicopter Industry Revenue Share (%), by Country 2025 & 2033
- Figure 6: South America Military Helicopter Industry Revenue (billion), by Body Type 2025 & 2033
- Figure 7: South America Military Helicopter Industry Revenue Share (%), by Body Type 2025 & 2033
- Figure 8: South America Military Helicopter Industry Revenue (billion), by Country 2025 & 2033
- Figure 9: South America Military Helicopter Industry Revenue Share (%), by Country 2025 & 2033
- Figure 10: Europe Military Helicopter Industry Revenue (billion), by Body Type 2025 & 2033
- Figure 11: Europe Military Helicopter Industry Revenue Share (%), by Body Type 2025 & 2033
- Figure 12: Europe Military Helicopter Industry Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe Military Helicopter Industry Revenue Share (%), by Country 2025 & 2033
- Figure 14: Middle East & Africa Military Helicopter Industry Revenue (billion), by Body Type 2025 & 2033
- Figure 15: Middle East & Africa Military Helicopter Industry Revenue Share (%), by Body Type 2025 & 2033
- Figure 16: Middle East & Africa Military Helicopter Industry Revenue (billion), by Country 2025 & 2033
- Figure 17: Middle East & Africa Military Helicopter Industry Revenue Share (%), by Country 2025 & 2033
- Figure 18: Asia Pacific Military Helicopter Industry Revenue (billion), by Body Type 2025 & 2033
- Figure 19: Asia Pacific Military Helicopter Industry Revenue Share (%), by Body Type 2025 & 2033
- Figure 20: Asia Pacific Military Helicopter Industry Revenue (billion), by Country 2025 & 2033
- Figure 21: Asia Pacific Military Helicopter Industry Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 2: Global Military Helicopter Industry Revenue billion Forecast, by Region 2020 & 2033
- Table 3: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 4: Global Military Helicopter Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 5: United States Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 6: Canada Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 7: Mexico Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 9: Global Military Helicopter Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Brazil Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Argentina Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 12: Rest of South America Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 13: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 14: Global Military Helicopter Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 15: United Kingdom Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Germany Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: France Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Italy Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Spain Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Russia Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: Benelux Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Nordics Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Rest of Europe Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 25: Global Military Helicopter Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 26: Turkey Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Israel Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: GCC Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 29: North Africa Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 30: South Africa Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 31: Rest of Middle East & Africa Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Global Military Helicopter Industry Revenue billion Forecast, by Body Type 2020 & 2033
- Table 33: Global Military Helicopter Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 34: China Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: India Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: Japan Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: South Korea Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 38: ASEAN Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 39: Oceania Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
- Table 40: Rest of Asia Pacific Military Helicopter Industry Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Military Helicopter Industry?
The projected CAGR is approximately 7%.
2. Which companies are prominent players in the Military Helicopter Industry?
Key companies in the market include Textron Inc, Russian Helicopters, Lockheed Martin Corporation, Airbus SE, The Boeing Compan, MD Helicopters LLC, Leonardo S p A, Hindustan Aeronautics Limited.
3. What are the main segments of the Military Helicopter Industry?
The market segments include Body Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 34.3 billion as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
May 2023: The US State Department approved a potential sale of CH-47 Chinook helicopters, engines, and equipment worth USD 8.5 billion to Germany.March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.December 2022: The US Army was awarded a contract to supply next-generation helicopters to Textron Inc.'s Bell unit. The Army`s "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Military Helicopter Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Military Helicopter Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Military Helicopter Industry?
To stay informed about further developments, trends, and reports in the Military Helicopter Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence