USD 13.33 billion
Report ID: SQMIG20R2026 | Region: Global | Published Date: September, 2023 | Pages: 157 | Tables: 94 | Figures: 76
Helicopter Services Market size was valued at USD 13.33 billion in 2021 and is poised to grow from USD 14.2 billion in 2022 to USD 23.50 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).
The helicopter services market is vulnerable to global economic conditions, which, in turn, affect capital investments and consumer spending levels. Economic downturns and global pandemics can lead to reduced investments, changes in government spending, restricted access to credit for both customers and suppliers, reduced consumer confidence, and a greater preference for cost-effective alternatives in specific applications. This was particularly evident in the past two years during the COVID-19 pandemic, which exacerbated economic constraints, reduced travel and tourism activities, and dampened industrial output. Consequently, demand for helicopter services across associated sectors experienced a decline.
Nevertheless, the helicopter services market is expected to demonstrate resilience in the coming decade, primarily due to its diverse mission segments. While some end-users may witness reduced demand, others are projected to generate increased demand for helicopter services in the years ahead. As the world emerges from the pandemic, several countries are instituting national development plans and focusing on diversifying their economies, particularly by enhancing tourism-related revenues. Consequently, substantial growth is anticipated in the tourism and travel sector over the medium to long term.
Over the past decade, the helicopter services industry has faced a growing threat of substitution in certain applications. Drones are gradually replacing helicopters in various roles due to their lower operational costs and reduced risks to human operators. Drones are now adept at tasks such as land surveys, inspections, aerial observation, monitoring, photography, and videography, delivering high-resolution data quickly and close to the ground. The development of larger drones with advanced flight capabilities, combined with challenges faced by helicopter OEMs in overcoming existing technological limitations, may lead to continued substitution of helicopter services by drone services in several non-transport applications in the foreseeable future. This factor could pose challenges to market growth during the forecast period.
US Helicopter Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.33 billion
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The global helicopter services market is segmented on the basis of type, application, end – user, Region. By type, the market is segmented into light, medium, heavy. By end - user, the market is segmented into civil, commercial, military. By application, the market is segmented into offshore, air ambulance, business and corporate travel, disaster and humanitarian aid, transport, surveying and aerial imaging, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Helicopter Services Market Analysis By Type
In terms of categorization by type, the helicopter market is segmented into three distinct categories: light, medium, and heavy. Notably, the light helicopter segment held the lion's share of the market in the year 2022. Light helicopters are designed to be compact, nimble, and user-friendly, boasting a maximum takeoff weight of less than 6,000 pounds. This particular segment has achieved global dominance owing to the escalating demand for activities like sightseeing and aerial photography, among other versatile applications. Furthermore, it is worth highlighting that the light helicopter segment is poised to exhibit the most rapid growth throughout the forecast period.
In contrast, medium helicopters are characterized by their larger size, falling within the weight range of 6,000 to 18,000 pounds. These helicopters find extensive use across a spectrum of applications, including law enforcement, firefighting, search and rescue operations, and various other sectors. While the medium segment is anticipated to experience moderate growth during the forecast period, it remains a crucial choice for industries requiring versatile helicopter solutions, owing to their enhanced capabilities and adaptability.
Helicopter Services Market Analysis By Application
In terms of application, the helicopter market is meticulously categorized into several key segments, including offshore operations, air ambulance services, business and corporate travel, disaster and humanitarian aid missions, transport services, surveying and aerial imaging, and several others. Among these, the air ambulance segment emerges as the dominant force in the market, and it is projected to exhibit the most remarkable growth throughout the forecast period. This prominence is primarily attributed to the escalating demand for helicopters within the healthcare sector, where they play a pivotal role in providing rapid and efficient medical assistance.
The disaster and humanitarian aid segment holds the second-largest share in the market. This segment encompasses a diverse range of applications, including disaster management, aerial firefighting activities, and various other humanitarian missions. The global increase in natural disasters, accidents, and emergencies underscores the critical role of helicopters in Search and Rescue (SAR) operations, thereby bolstering the growth of this segment. As such, the helicopter market is intricately intertwined with emergency response efforts worldwide, making it a vital component in disaster relief and humanitarian aid endeavors.
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In 2022, North America emerged as the dominant player in the market, with a valuation of USD 5.36 billion. The region's growth can be primarily attributed to the increasing demand for aerial firefighting services. Helicopters play a crucial role in various aspects of aerial firefighting, with innovations such as Columbia Helicopters' 1,000-gallon water bucket system enhancing firefighting efficiency, particularly in areas where water sources are limited.
Asia Pacific stands out as the fastest-growing region globally, driven by the expanding applications of helicopters in military and defense contexts. Moreover, the growing need for aerial surveying and mapping services to support infrastructure development projects in emerging Asian markets presents substantial growth opportunities for the helicopter services market.
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Helicopter Services Market Drivers
Increased Demand for Emergency Services
Growth in Tourism and VIP Transportation
Defense and Military Applications
Helicopter Services Market Restraints
High Operational Costs
Competition from Drones
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The global helicopter services market boasts a competitive landscape characterized by a diverse range of players vying for market share and differentiation. Prominent companies such as Bristow Group Inc., CHC Group LLC, PHI, Inc., and Leonardo S.p.A. have established themselves as major contenders, offering a wide spectrum of helicopter services across various industries and regions.
To maintain a competitive edge, market players focus on a range of strategic initiatives. These include fleet modernization efforts to enhance operational efficiency, safety, and environmental sustainability. Investment in advanced technologies, such as digitalization and hybrid propulsion systems, enables operators to optimize their services and deliver superior customer experiences.
Helicopter Services Market Top Player’s Company Profiles
Helicopter Services Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types 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 helicopter services market Analysis, the global helicopter services market is a dynamic and multifaceted industry influenced by a myriad of factors. The market's resilience is evident in its ability to cater to a wide array of applications, ranging from emergency medical services and disaster relief to offshore energy support and tourism. The dominance of key players like Bristow Group, CHC Group, and Leonardo S.p.A. underscores the industry's competitive nature, where safety, efficiency, and technological innovation are paramount.
|Market size value in 2021||USD 13.33 billion|
|Market size value in 2030||USD 23.50 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
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