Global Offshore Helicopter Services Market

Global 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) - Industry Forecast 2023-2030


Report ID: SQMIG20R2030 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 86 | Figures: 76

Global Offshore Helicopter Services Market Insights

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).

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 - 2023-2030

Global Market Size

USD 2.1 billion

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 (%)
Global Offshore Helicopter Services Market By Type ($ Bn)
Global Offshore Helicopter Services Market By Type (%)

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

Global Offshore Helicopter Services Market Segmental Analysis

Global Offshore Helicopter Services Market is segmented by type, service, offshore industry and region. Based on type, the market can be segmented into medium helicopters, and large helicopters. Based on service, the market is segmented into transportation services, and search and rescue (SAR) services. Based on offshore industry, the market is segmented into oil and gas, and offshore wind. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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, 2021 (%)

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

Global 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, 2023-2030
  • Largest
  • Fastest

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

Global 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.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global 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 (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)

Offshore Helicopter Services Market Recent Developments

  • In May 2023, Bristow Group announced the acquisition of Columbia Helicopters, expanding its heavy-lift capabilities and global presence in specialized helicopter services, particularly in the firefighting and construction sectors.
  • In March 2023, Era Group partnered with Milestone Aviation, a helicopter leasing company, to enhance their respective capabilities in offshore helicopter leasing, offering customers a wider range of flexible financing options.
  • In January 2023, PHI, Inc. announced a partnership with Boeing to explore the development of electric vertical takeoff and landing (eVTOL) aircraft for potential use in offshore helicopter services, aiming to improve efficiency and reduce environmental impact.
  • In November 2022, Bristow Group announced the launch of its new subsidiary, Bristow Norway AS, to strengthen its presence in the Norwegian offshore helicopter services market, expanding its service offerings and customer base.
  • In August 2022, NHV Group, a Belgium-based helicopter services provider, secured a €350 million investment from funds advised by KKR, a global investment firm, to support NHV's fleet expansion and enhance its global operations.

Global 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.

Global 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 2021 USD 2.1 billion
Market size value in 2030 USD 4.40 billion
Growth Rate 6.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Medium Helicopters and Large Helicopters
  • Service
    • Transportation Services, and Search and Rescue (SAR) Services
  • Offshore Industry
    • Oil and Gas, and Offshore Wind
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 (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)
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 Global 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
  • 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 Global 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
  • 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 Global 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 Global 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 Global 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 Global 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.

$5,300
BUY NOW GET 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.

SPEAK TO AN ANALYST

FAQ's

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).

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.

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.

Speak With Our Analyst

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

Global Offshore Helicopter Services Market

Product ID: SQMIG20R2030

$5,300
BUY NOW GET SAMPLE