Offshore Helicopter Services Market to Worth USD 4.47 Bn by 2030 | Fortune Business Insights™
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The global Offshore Helicopter Services Market covered major segments By Type (Light, Medium and Heavy), By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search & Rescue, and Others), By End User (Oil and Gas Industry, Offshore Wind Industry, and Others) and Region.
Pune, India, June 12, 2023 (GLOBE NEWSWIRE) — The global offshore helicopter services market size was valued at USD 2.89 billion in 2022 and is projected to grow from USD 2.98 billion in 2023 to USD 4.47 Billion by 2030, exhibiting a CAGR of 6.0%. Offshore helicopter services are responsible for the smooth functioning of offshore operations. As they are responsible for carrying cargo, passengers, equipment, and a wide range of activities that include pre-flight checks, planning, and others they are anticipated to propel growth of the market globally during the forecast period. Fortune Business Insights presents this information in their report titled “Global Offshore Helicopter Services Market, 2023–2030.”
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List of Key Players Profiled in the Offshore Helicopter Services Market Report:
- Bristow Group Inc. (U.S.)
- Petroleum Helicopters International Inc. (U.S.)
- CHC Helicopter Group (U.S.)
- Omni Helicopters International (OHI) SA (Portugal)
- NHV Group (Belgium)
- Abu Dhabi Aviation Co. (UAE)
- Gulf International Services QPSC (UAE)
- Erickson Incorporated (U.S.)
- CITIC Offshore Helicopter Co. Ltd. (China)
- Cougar Helicopters (Canada)
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 6.0% |
| 2030 Value Projection | USD 4.47 billion |
| Market Size in 2023 | USD 2.98 billion |
| Historical Data | 2019-2021 |
| No. of Pages | 180 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Offshore Helicopter Services Market Growth Drivers | Rising Offshore Oil & Gas Production and Exploration Activities are Expected to Propel Market Growth |
| Expansion of the Offshore Wind Industry is Projected to Boost Market Growth |
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Segments:
Medium Weight Helicopters Dominate the Market due to their Versatility
The market is segmented into light, medium, and heavy based on type. In 2022, the medium-weight segment dominated the market. They are highly used in firefighting, law enforcement, search and rescue operations and others.
Rising Cost of Emergency Services to Increase Market Share
Based on application, the market is divided into inspection, monitoring and surveying, passenger transport, goods transport, search and rescue, and others. Owing to the high price of emergency services, the search and rescue segment is anticipated to dominate the market during the forecast period.
Increased Demand for Helicopter Services for Transportation to Progress Market
The market is divided into oil and gas industry, offshore wind industry and others. Globally the offshore industry is expanding and is anticipated to grow significantly during the forecast period. Increased demand for helicopter services for transporting crew and cargo is affiliated to the dominance of the oil and gas industry segment in the base year.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
Report Coverage:
The report offers:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
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Drivers & Restraints:
Reliability and Efficiency of Helicopters to Escalate Market
Helicopters are favoured over other aerial vehicles as they can operate in harsh weather conditions and can travel to distant locations. Exploration and offshore production activities require sustainable and dependable transportation services to carry cargo and crew. These requirements make helicopters a preferred choice and are likely to increase the offshore helicopter services market share.
However, high operating costs and safety concerns are likely to hamper the offshore helicopter services market growth.
Regional Insights
North America Dominates the Market due to High Demand for Offshore Development Activity
North America was valued at USD 0.97 billion in 2022 and dominated the market in the same year. Rising demand for deep-water offshore development activity and presence of significant offshore oil and gas rigs are factors driving the region’s market growth.
Europe was the second leading region in 2022 owing to high investments by numerous countries in Search and Rescue (SAR) Operations to develop their response skills.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights – Impact of COVID-19 Pandemic on Global Offshore Helicopter Services Market
- Global Offshore Helicopter Services Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Definition
- Market Analysis, Insights and Forecast – By Type
- Light
- Medium
- Heavy
- Market Analysis, Insights and Forecast – By Application
- Inspection, Monitoring and Surveying
- Passenger Transport
- Goods Transport
- Search and Rescue
- Others
- Market Analysis, Insights and Forecast – By End User Industry
- Oil and Gas Industry
- Offshore Wind Industry
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
TOC Continued…!
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Competitive Landscape
Companies Focus on Acquisitions to Drive Market Expansion
Major corporations are focused on sustainable operations, diversified services, and expansion into emerging countries. Their aim is toward reducing CO2 emissions by developing sustainable fuel.
Key Industry Development:
January 2023 – CHC Helicopter, a U.S.-based helicopter services company, announced that they have signed five exclusive contracts with Petrobras to provide offshore transportation of passengers and small loads to Campos Basin for the next four to five years. Five Leonardo AW139 helicopters will be operated by CHC Brazil from its new bases in order to support the contract.
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