USD 2.9 billion
Offshore Helicopter Services Market Size, Share, Growth Analysis, By Helicopter Type (Light Single Engine Helicopters, Light Twin Engine Helicopters), By Fuel Type (Aviation Turbine Fuel, Sustainable Aviation Fuel), By Operation Range (Short Range, Medium Range), By Application, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20R2030 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|Tables:
86
|Figures:
76
Offshore Helicopter Services Market Insights
Offshore Helicopter Services Market size was valued at USD 3.08 Billion in 2023 and is poised to grow from USD 3.27 Billion in 2024 to USD 5.24 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
The global offshore helicopter services market plays a crucial role in supporting various offshore industries, including oil and gas exploration, wind energy installations, and maritime operations. Offshore helicopter services provide vital transportation and logistical support to these industries, enabling efficient movement of personnel, equipment, and supplies to remote offshore locations. The market has witnessed significant growth in recent years due to the increasing demand for offshore exploration and production activities. Technological advancements in helicopter design, improved safety standards, and enhanced operational efficiency have further fueled the market's expansion.
Key market players offer a range of services, including crew transportation, search and rescue operations, and aerial surveys. They also focus on enhancing their fleet capabilities, incorporating advanced avionics and safety features. Additionally, sustainable practices and environmental considerations are gaining prominence, with operators adopting measures to minimize carbon emissions and noise pollution. However, the offshore helicopter services market is not without challenges. Safety concerns, high operating costs, and regulatory complexities pose significant hurdles to market growth. Furthermore, the recent COVID-19 pandemic has temporarily impacted the market, with reduced offshore activities and travel restrictions affecting demand. Despite these challenges, the global offshore helicopter services market is expected to continue its growth trajectory in the coming years. The industry's ability to adapt to changing market dynamics, invest in innovative technologies, and prioritize safety and sustainability will be crucial in driving future success.
US Offshore Helicopter Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Large Helicopters
Fastest Growth
Large Helicopters
Growth Rate
6.1% CAGR
Global Offshore Helicopter Services Market ($ Bn)
Country Share for North America Region (%)
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Offshore Helicopter Services Market Segmental Analysis
Global Offshore Helicopter Services Market is segmented by helicopter type, fuel type, operation range, application, end user and region. Based on helicopter type, the market is segmented into light single engine helicopters, light twin engine helicopters, medium helicopters and heavy helicopters. Based on fuel type, the market is segmented into aviation turbine fuel, sustainable aviation fuel and electric-powered helicopters. Based on operation range, the market is segmented into short range, medium range and long range. Based on application, the market is segmented into inspection, monitoring and surveying, passenger transport, goods transport, search and rescue and others. Based on end user, the market is segmented into oil & gas operators, search & rescue, wind farm maintenance, government agencies, air ambulance services and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Offshore Helicopter Services Market Analysis by Type
By type, the market can be segmented into medium helicopters, and large helicopters. Large helicopters dominated the offshore helicopter services market due to their increased capacity and capabilities, making them ideal for transporting larger groups of passengers and heavier loads over longer distances. They offer enhanced safety features, advanced navigation systems, and greater fuel efficiency, making them the preferred choice for offshore operations.
The medium helicopter segment is experiencing rapid growth and emerging as the fastest-growing segment in the offshore helicopter services market. This growth can be attributed to several factors. Medium helicopters offer versatility and flexibility for a wide range of offshore operations. They are well-suited for shorter distances, regional transportation, and operations requiring a smaller workforce. As offshore activities expand to diverse locations, including shallow-water platforms and smaller offshore installations, medium helicopters become the preferred choice due to their maneuverability and cost-effectiveness.
Offshore Helicopter Services Market Analysis by Service
By service, the market can be segmented into transportation services, and search and rescue (SAR) services. Transportation services dominated the offshore helicopter services market as they form the backbone of offshore operations across various industries. The transportation segment involves the efficient movement of personnel, equipment, and supplies to and from offshore installations, such as oil rigs, offshore wind farms, and other offshore facilities.
The fastest-growing segment in the offshore helicopter services market is search and rescue (SAR) services. SAR services involve dedicated helicopter operations focused on locating, rescuing, and providing emergency medical assistance to individuals in distress in offshore environments. The offshore industry, including oil and gas installations and offshore wind farms, places great emphasis on safety protocols and emergency response capabilities. SAR services play a vital role in ensuring the well-being of personnel working in these challenging offshore conditions.
Global Offshore Helicopter Services Market By Type
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Offshore Helicopter Services Market Regional Insights
North America has traditionally been the dominating region in the global offshore helicopter services market. The region boasts well-established offshore industries, particularly in the Gulf of Mexico. The abundant presence of oil and gas reserves in this region has driven the demand for offshore exploration and production activities, creating a strong market for helicopter services.
The Asia-Pacific region is experiencing rapid growth in the offshore helicopter services market. The region's expanding offshore oil and gas exploration activities, coupled with the development of offshore wind farms, are driving the demand for helicopter transportation services. Moreover, the Asia-Pacific region is embracing renewable energy sources, with the development of offshore wind farms. Countries like Taiwan, Japan, and South Korea are investing heavily in offshore wind projects, creating a new market for helicopter services to support construction, maintenance, and personnel transfer to these offshore installations.
Global Offshore Helicopter Services Market By Geography
- Largest
- Fastest
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Offshore Helicopter Services Market Dynamics
Offshore Helicopter Services Market Drivers
Increasing demand for offshore wind energy installations
- One key driver propelling the growth of the global offshore helicopter services market is the increasing demand for offshore wind energy installations. The rising focus on renewable energy sources has led to a surge in the construction of offshore wind farms worldwide. Offshore helicopter services play a critical role in transporting personnel and equipment to these remote installations, supporting their development, maintenance, and operation. This growing demand from the offshore wind sector is driving the expansion of the helicopter services market.
Offshore Helicopter Services Market Restraints
High operational costs associated with helicopter operations
- One significant restraint faced by the global offshore helicopter services market is the high operational costs associated with helicopter operations. Factors such as fuel expenses, maintenance and repair costs, and pilot training contribute to the overall operating expenses of helicopter service providers. Additionally, the volatile nature of the oil and gas industry, which is a major end-user of these services, can impact demand and lead to fluctuations in revenues. These high costs and market uncertainties pose challenges to the profitability and growth of the offshore helicopter services market.
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Offshore Helicopter Services Market Competitive Landscape
The global offshore helicopter services market is characterized by a mix of regional and international players. Companies in this sector focus on expanding their fleet capabilities, improving safety standards, and enhancing operational efficiency. They also emphasize technological advancements, such as advanced avionics and eco-friendly features. To gain a competitive edge, operators often offer a range of services, including crew transportation, search and rescue operations, and aerial surveys. Additionally, sustainable practices and environmental considerations are becoming increasingly important for companies in this market.
Offshore Helicopter Services Market Top Player’s Company Profiles
- Bristow Group Inc.
- PHI, Inc.
- Cougar Helicopters Inc.
- NHV Group
- HeliService International
- Gulf Helicopters
- Falcon Aviation Services
- VIH Aviation Group
- CHI Aviation
- Omni Helicopters International
- Weststar Aviation Services
- Heli-Union
- Norsk Helikopterservice
- PHI Air Medical
- Eastern Airways
- Abu Dhabi Aviation
- Textron Inc.
- Bolloré Logistics
- Era Group Inc.
- Babcock International Group
Offshore Helicopter Services Market Recent Developments
- Lufthansa will be the first client to receive a retrofit for the freshly launched Airspace L Bins this year, according to an announcement made by Airbus in September 2023.
- Bristow Group Inc. and Volocopter, the forerunners of Urban Air Mobility (UAM), inked a contract in September 2023 to investigate and develop passenger and freight services for electric vertical takeoff and landing (eVTOL) aircraft in the United States and the United Kingdom.
- June of 2023 FlyBlade India, a joint venture between Hunch Ventures and Blade Air Mobility, launched a same-day return helicopter service between Bengaluru and Tirupati Airport as part of its expansion strategy. Flights are offered 'on demand' for Rs 3,500,000 and have a maximum capacity of five passengers each.
Offshore Helicopter Services Key Market Trends
- One key market trend in the global offshore helicopter services industry is the increasing focus on sustainability and environmental considerations. Market players are adopting measures to minimize carbon emissions and noise pollution associated with helicopter operations. This includes investing in more fuel-efficient aircraft, implementing advanced technology for noise reduction, and exploring alternative energy sources for helicopters. The industry's commitment to sustainable practices aligns with the broader global shift towards greener solutions and addresses growing concerns about the environmental impact of offshore operations, enhancing the market's long-term viability.
Offshore Helicopter Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global offshore helicopter services market analysis, the market plays a vital role in supporting offshore industries by providing efficient transportation and logistical support to remote offshore locations. North America dominated the market, driven by well-established offshore industries in the Gulf of Mexico. Meanwhile, the Asia-Pacific region is emerging as the fastest-growing market, fueled by offshore oil and gas exploration and the development of offshore wind farms. However, high operational costs and market uncertainties pose challenges to the industry. To stay competitive, companies are investing in fleet capabilities, safety enhancements, and sustainable practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.08 Billion |
| Market size value in 2032 | USD 5.24 Billion |
| Growth Rate | 6.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Offshore Helicopter Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Offshore Helicopter Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Offshore Helicopter Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Offshore Helicopter Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Offshore Helicopter Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Offshore Helicopter Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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