North America Offshore Helicopter Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The North America offshore helicopter services market is expected to register a CAGR of more than 2% during 2020–2025. Factors, such as rising deep-water offshore development activity and improved viability of offshore oil and gas projects, are expected to be major drivers of the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern helicopters, has been a significant factor for the growth of the North America offshore helicopter services market. However, competition from less expensive crew transfer vessels hampered the growth of the market.
Key HighlightsThe North American offshore helicopter services market is moderately concentrated. Some of the major companies are Bristow Group Inc., Era Group Inc. (ERA), Cougar Helicopters Inc., CHC Group Ltd, and Textron Inc., among others.
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