Helicopter Services Market Size, Share, Growth Analysis, By Type(Light, Medium, Heavy), By End - User(Civil, Commercial, Military), By Application(Offshore, Air Ambulance, Business and Corporate Travel, Disaster and Humanitarian Aid), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20R2026 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 94 |Figures: 76

Helicopter Services Market Insights

Global Helicopter Services Market size was valued at USD 14.2 Billion in 2022 and is poised to grow from USD 15.12 Billion in 2023 to USD 25.03 Billion by 2031, at a CAGR of 6.50% during the forecast period (2024-2031).

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.

Market Snapshot - 2024-2031

Global Market Size

USD 14.2 Billion

Largest Segment

Light

Fastest Growth

Light

Growth Rate

6.50% CAGR

Global Helicopter Services Market ($ Bn)
Country Share for Asia Pacific Region (%)

To get more reports on the above market click here to Buy The Report

Helicopter Services Market Segmental Analysis

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.

Global Helicopter Services Market By Type

To get detailed analysis on other segments, Request For Free Sample Report

Helicopter Services Market Regional Insights

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.

Global Helicopter Services Market By Geography
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Helicopter Services Market Dynamics

Helicopter Services Market Drivers

Increased Demand for Emergency Services

  • The demand for helicopter services is driven by their vital role in emergency medical services (EMS), firefighting, and search and rescue (SAR) operations. Helicopters offer rapid response and access to remote or inaccessible areas, making them indispensable in critical situations.

Growth in Tourism and VIP Transportation

  • The tourism industry's expansion, especially in scenic or remote destinations, fuels demand for helicopter tours and VIP transportation services. Helicopters provide a unique and efficient means of exploring picturesque landscapes.

Defense and Military Applications

  • Military and defense agencies worldwide rely on helicopters for transport, reconnaissance, and combat operations. Ongoing defense investments and modernization programs drive demand in this sector.

Helicopter Services Market Restraints

High Operational Costs

  • Helicopter services often entail high operational and maintenance costs, including fuel expenses, pilot training, and maintenance of specialized equipment. These costs can limit market growth, especially in price-sensitive regions.

Weather Dependency

  • Helicopter operations are highly weather-dependent. Adverse weather conditions can disrupt schedules, impacting service reliability and posing safety risks.

Competition from Drones

  • In certain applications, drones are emerging as cost-effective alternatives to helicopters. Drones can perform tasks such as aerial photography, surveillance, and inspections, challenging the traditional helicopter market.

Request Free Customization of this report to help us to meet your business objectives.

Helicopter Services Market Competitive Landscape

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

  • Bristow Group Inc. (United States)
  • CHC Group LLC (United States)
  • PHI, Inc. (United States)
  • Evergreen Helicopters (United States)
  • Leonardo S.p.A. (Italy)
  • Omniflight Helicopters Inc. (United States)
  • Airbus Helicopters (France)
  • Bell Textron Inc. (United States)
  • Babcock International Group PLC (United Kingdom)
  • Heli-One (Canada)
  • Erickson Inc. (United States)
  • HNZ Group Inc. (Canada)
  • NHV Group (Belgium)
  • Era Group Inc. (United States)
  • Columbia Helicopters (United States)
  • Milestone Aviation Group (Ireland)
  • Waypoint Leasing (United States)
  • CHI Aviation (United States)
  • VIH Aviation Group (Canada)
  • Caverton Helicopters Limited (Nigeria)

Helicopter Services Market Recent Developments

  • In March 2023, Airbus Helicopters announced the launch of its new H160 helicopter. The H160 is designed to be more efficient and versatile than previous models.
  • In February 2023, Leonardo Helicopters announced the delivery of its 200th AW139 helicopter. The AW139 is a popular helicopter for a variety of missions, including search and rescue and medical evacuation.
  • In January 2023, Bell Helicopter Textron announced the opening of a new training facility in the United States. The facility will train pilots and maintenance technicians for Bell helicopters.

Helicopter Services Key Market Trends

  • Urban Air Mobility (UAM): UAM initiatives are driving the development of electric vertical takeoff and landing (eVTOL) aircraft, which are seen as the future of urban transportation. This trend is reshaping the helicopter services landscape, especially for urban commuting and short-distance travel.
  • Electrification and Hybrid Propulsion: Helicopter manufacturers are exploring electrification and hybrid propulsion systems to reduce emissions and improve fuel efficiency. Electric and hybrid helicopters are becoming a prominent trend, aligning with environmental concerns.
  • Medical Drone Deliveries: In the healthcare sector, the use of drones for medical deliveries to remote areas is gaining traction. This complements helicopter services for air ambulance missions and medical transport.

Helicopter Services Market SkyQuest Analysis

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.

Report Metric Details
Market size value in 2023 USD 14.2 Billion
Market size value in 2031 USD 25.03 Billion
Growth Rate 6.50%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Light, Medium, Heavy
  • End - User
    • Civil, Commercial, Military
  • Application
    • Offshore, Air Ambulance, Business and Corporate Travel, Disaster and Humanitarian Aid, Transport, Surveying and Aerial Imaging, Others
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
  • Bristow Group Inc. (United States)
  • CHC Group LLC (United States)
  • PHI, Inc. (United States)
  • Evergreen Helicopters (United States)
  • Leonardo S.p.A. (Italy)
  • Omniflight Helicopters Inc. (United States)
  • Airbus Helicopters (France)
  • Bell Textron Inc. (United States)
  • Babcock International Group PLC (United Kingdom)
  • Heli-One (Canada)
  • Erickson Inc. (United States)
  • HNZ Group Inc. (Canada)
  • NHV Group (Belgium)
  • Era Group Inc. (United States)
  • Columbia Helicopters (United States)
  • Milestone Aviation Group (Ireland)
  • Waypoint Leasing (United States)
  • CHI Aviation (United States)
  • VIH Aviation Group (Canada)
  • Caverton Helicopters Limited (Nigeria)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

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 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
  • 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 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
  • 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
  • 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(%)

Methodology

For the 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 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 Helicopter Services Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Helicopter Services Market size was valued at USD 14.2 Billion in 2022 and is poised to grow from USD 15.12 Billion in 2023 to USD 25.03 Billion by 2031, at a CAGR of 6.50% during the forecast period (2024-2031).

The 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. 'Bristow Group Inc. (United States)', 'CHC Group LLC (United States)', 'PHI, Inc. (United States)', 'Evergreen Helicopters (United States)', 'Leonardo S.p.A. (Italy)', 'Omniflight Helicopters Inc. (United States)', 'Airbus Helicopters (France)', 'Bell Textron Inc. (United States)', 'Babcock International Group PLC (United Kingdom)', 'Heli-One (Canada)', 'Erickson Inc. (United States)', 'HNZ Group Inc. (Canada)', 'NHV Group (Belgium)', 'Era Group Inc. (United States)', 'Columbia Helicopters (United States)', 'Milestone Aviation Group (Ireland)', 'Waypoint Leasing (United States)', 'CHI Aviation (United States)', 'VIH Aviation Group (Canada)', 'Caverton Helicopters Limited (Nigeria)'

The demand for helicopter services is driven by their vital role in emergency medical services (EMS), firefighting, and search and rescue (SAR) operations. Helicopters offer rapid response and access to remote or inaccessible areas, making them indispensable in critical situations.

Urban Air Mobility (UAM): UAM initiatives are driving the development of electric vertical takeoff and landing (eVTOL) aircraft, which are seen as the future of urban transportation. This trend is reshaping the helicopter services landscape, especially for urban commuting and short-distance travel.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Report ID: SQMIG20R2026

$5,300
BUY NOW GET FREE SAMPLE