Offshore Helicopter Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Offshore Helicopter Services Market
The offshore helicopter services market size was valued at USD 3.08 billion in 2023, and the market is now projected to grow from USD 3.29 billion in 2024 to USD 5.11 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period of 2024-2032.
The need for offshore operations is projected to develop the global offshore helicopter services market growth. The pandemic had a vast effect on the market due to travel restrictions, lockdowns, and reduced monetary hobby, decreasing demand for offshore activities in exclusive industries. These covered international offshore helicopter services, seek and rescue operations, and greater.
The offshore wind zone is seeing terrific enlargement, which is probable to gas they want for helicopter offerings from offshore. Offshore wind initiatives need new installations, ordinary monitoring, and inspections from remote areas, driving up call for helicopter offerings inside the enterprise.
An unmanned aerial vehicle is a aircraft or drone that has numerous sensors and may navigate independently and are efficient, with longer range and staying power than manned aircraft. UAVs are an increasing number of employed in offshore operations for sports including surveying, analyzing, and monitoring oil and gasoline pipelines and wind mills. This consequences in widespread price savings and advanced safety. Major firms, like Bristow Group, CHC Helicopter, and PHI Group, are making an investment in drone era to beautify their modern-day offerings.
Comprehensive Analysis of Offshore Helicopter Services Market
The marketplace for helicopters is divided into mild, medium, and heavy sorts. Medium-weight helicopters are used for seek and rescue, regulation enforcement, and firefighting, even as lightweight helicopters are developing due to inspection and tracking programs. The seek and rescue phase is the quickest-growing, driven by using rising demand and excessive emergency expenses. The passenger segment is anticipated to enjoy extensive growth because of increasing personnel necessities for offshore sports. The oil and gasoline enterprise, closely depending on helicopters, is the marketplace's primary user, with organizations like Ecocopter providing services to Enap in Chile. The offshore wind enterprise is also predicted to enjoy considerable growth because of global enlargement and growing demand for renewable energy.
The North America region lead the offshore helicopter services market share by benefitting a market size of USD 1.02 billion in 2023 due to the presence of big offshore oil and gas rigs and rising demand for deep-water offshore development are driving the region's rapid market expansion. The offshore wind industry's demand for helicopter transportation services for inspection and freight transportation is driving market growth.
Key competitors inside the worldwide offshore helicopter services market encompass Bristow Group Inc., Petroleum Helicopters International Inc., CHC Helicopter Group, Omni Helicopters International (OHI) SA, NHV Group, among others. Major players need to diversify their offerings, make bigger into growing countries, and keep sustainable operations. In October 2022, NHV Group, a Belgian helicopter operator, labored with TotalEnergies to accomplish the number one flight making use of sustainable aviation gasoline (SAF) in the offshore wind commercial enterprise. This contributes to a 27% discount in carbon dioxide (C02) emissions produced via manner of TotalEnergies. TotalEnergies is a French included electricity and petroleum employer.
Ultimate Aviation Group, placed in South Africa, acquired Offshore Helicopter Services U.K. From CHC Helicopter for an unknown charge in April 2023. This purchase boosts Ultimate Aviation Group's abilities and increases its foothold in Europe. Offshore Helicopter Services U.K. Is a subsidiary of Babcock International Group p.C, sold through CHC in 2021.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.5% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Light
Medium
Heavy
By Application
Inspection, Monitoring and Surveying
Passenger Transport
Goods Transport
Search and Rescue
Others
By End User
Oil and Gas Industry
Offshore Wind Industry
Others
By Geography
North America (By Type, Application, End User Industry, and Country)
- U.S. (By Type)
- Canada (By Type)
Europe (By Type, Application, End User Industry, and Country)
- U.K. (By Type)
- Germany (By Type)
- Norway (By Type)
- Russia (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, Application, End User Industry, and Country)
- China (By Type)
- India (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
Latin America (By Type, Application, End User Industry, and Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of Latin America (By Type)
The Middle East & Africa (By Type, Application, End User Industry, and Country)
- U.A.E. (By Type)
- Saudi Arabia (By Type)
- South Africa (By Type)
Rest of the Middle East & Africa (By Type)
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