Global Offshore Helicopter Services Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Offshore Helicopter Services Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Offshore helicopter services refer to the transportation of personnel, equipment, and supplies to and from offshore locations such as oil rigs, drilling platforms, wind farms, and other offshore installations via helicopters. These services play a vital role in supporting offshore operations by providing efficient and reliable transportation for personnel and cargo to remote locations.

Market Overview:

The latest research study on the global Offshore Helicopter Services market finds that the global Offshore Helicopter Services market reached a value of USD 2546.48 million in 2023. It’s expected that the market will achieve USD 3422.75 million by 2029, exhibiting a CAGR of 5.05% during the forecast period.

For the offshore helicopter services industry, these developments have significant implications. The increased demand for alternative energy sources has led to expanded offshore exploration and production activities, necessitating greater reliance on helicopter transportation for personnel and equipment. Additionally, heightened geopolitical tensions have underscored the importance of robust transportation networks capable of operating in diverse and challenging environments.

Drivers

1. Industry Activity and Investment: The level of exploration, development, and production activity in offshore oil and gas fields directly influences the demand for helicopter services. Increased investment and activity in offshore projects typically translate to higher demand for transportation and logistics support.

Restraints and Challenges

1.Economic downturn and oil price fluctuation
2.A serious supply chain situation in offshore helicopters

Opportunities

1.The continuous advancement of technology is revolutionizing the landscape of offshore helicopter services, presenting a plethora of opportunities for operators to enhance safety, efficiency, and overall service quality.
2.The expansion of the offshore oil and gas industry into emerging markets such as the Middle East, South America, and Africa presents a wealth of opportunities for helicopter service providers seeking to capitalize on the growing demand for transportation services.

Region Overview:

China had the highest growth rate of all regions in 2023.

In 2022, the share of the Offshore Helicopter Services market in Europe stood at 24.03%.

Company Overview:

Bristow Group is one of the major players operating in the Offshore Helicopter Services market, holding a share of 31.79% in 2023.

Bristow Group, CHC Group Ltd, PHI Inc., CITIC Offshore Helicopter Co., Ltd. and NHV Helicopters Ltd are the five key players in the global Offshore Helicopter Services market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Offshore Helicopter Services market in the past 5 years.

Segmentation Overview:

The Medium and Heavy Helicopters segment by type showed a value growth of 6.93% in 2022.

Among different product types, Medium and Heavy Helicopters segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Oil and Gas Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Offshore Helicopter Services market covered in Chapter 3:

CITIC Offshore Helicopter Co., Ltd.
Abu Dhabi Aviation Airways PJSC (Abu Dhabi Aviation)
Bristow Group
PHI Inc.
NHV Helicopters Ltd
CHC Group Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Offshore Helicopter Services market from 2019 to 2030 is primarily split into:

Light Helicopters
Medium and Heavy Helicopters

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Offshore Helicopter Services market from 2019 to 2030 covers:

Oil and Gas Industry
Offshore Wind Industry
Other End-user Industries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)