What is the global market size of Offshore Helicopter Services Market?

Offshore Helicopter Services Market size was valued at USD 2.1 billion in 2021 and is poised to grow from USD 2.90 billion in 2022 to USD 4.40 billion by 2030, growing at a CAGR of 6.1% during the forecast period (2023-2030).

Global Offshore Helicopter Services Market

Offshore Helicopter Services Market Size, Share, Growth Analysis, By Type(Medium Helicopters and Large Helicopters), By Service(Transportation Services, and Search and Rescue (SAR) Services), By Offshore Industry(Oil and Gas, and Offshore Wind), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20R2030 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 86 | Figures: 76

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.

Offshore Helicopter Services Market Report Snapshots

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Global Offshore Helicopter Services Market size was valued at USD 2.90 billion in 2022 and is poised to grow from USD 3.08 billion in 2023 to USD 4.94 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

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. 'Bristow Group (US)', 'CHC Helicopter (UK)', 'Era Group (US)', 'PHI, Inc. (US)', 'Cougar Helicopters (Canada)', 'NHV Group (Belgium)', 'Bolloré Logistics (France)', 'HNZ Group (Canada)', 'Babcock International Group (UK)', 'CHI Aviation (US)', 'Omni Helicopters International (Netherlands)', 'Gulf Helicopters (Qatar)', 'Falcon Aviation Services (UAE)', 'VIH Aviation Group (Canada)', 'ERA Helicopters (US)', 'Heli Union (France)', 'Norsk Helikopterservice (Norway)', 'PHI Air Medical (US)', 'Weststar Aviation Services (Malaysia)', 'Eastern Airways (UK)'

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.

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.

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Offshore Helicopter Services Market Size, Share, Growth Analysis, By Type(Medium Helicopters and Large Helicopters), By Service(Transportation Services, and Search and Rescue (SAR) Services), By Offshore Industry(Oil and Gas, and Offshore Wind), By Region - Industry Forecast 2024-2031

Offshore Helicopter Services Market Regional Insights

Offshore Helicopter Services Market Report Snapshots

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