Global Offshore Helicopter Services Industry Report 2023: A $3.52 Billion Market in 2022 - Share, Trends, Opportunities, and Forecasts, 2018-2028F

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Dec 14, 2023, 14:45 ET

DUBLIN , Dec. 14, 2023 /PRNewswire/ -- The "Offshore Helicopter Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

The Global Offshore Helicopter Services Market, valued at USD 3.52 Billion in 2022, is poised for robust growth in the forecast period, with a projected CAGR of 5.7% through 2028.

Offshore helicopter services play a pivotal role in facilitating the transportation of personnel, equipment, and supplies to and from remote offshore locations. These locations typically include offshore installations such as oil and gas platforms, drilling rigs, and other installations situated far from the mainland. The services provided are instrumental in assisting companies operating in the energy and other sectors to maintain efficiency by ensuring the timely and safe movement of both personnel and goods.

The primary objective of offshore helicopter services revolves around the seamless transportation of personnel and equipment between onshore bases and offshore installations. This encompasses a range of operations, including crew changes, rotations of maintenance personnel, and the transport of crucial equipment. Given the challenging operating environment and stringent aviation regulations governing this industry, safety assumes paramount importance. Helicopter service providers must maintain elevated safety standards across all facets of their operations to ensure the well-being of their passengers and cargo.

In addition to personnel and equipment transportation, offshore helicopter services also encompass logistics support. This entails the vital task of guaranteeing that the requisite supplies, spare parts, and equipment are efficiently transported to offshore installations as and when needed. This logistics function is critical to the continuous and seamless operation of offshore facilities.

Key Market Drivers:

Energy Industry Demand: The relentless demand for energy resources, particularly in the oil and gas sector, drives the need for efficient and safe transportation solutions to offshore installations.
Technological Advancements: Modern helicopters offer extended range, improved fuel efficiency, and enhanced safety features, expanding operational capabilities.
Diversification of Clientele: Offshore wind farms and renewable energy projects contribute to market stability by diversifying the customer base beyond oil and gas activities.
Collaboration and Partnerships: Long-term agreements between oil and gas companies and helicopter service providers ensure consistent and efficient transport services, providing stability and predictable revenue streams.
Search and Rescue Operations: Helicopters play a vital role in search and rescue operations during emergencies, reinforcing the societal importance of offshore helicopter services.

Key Market Challenges:

Safety and Operational Risks: Operating helicopters in offshore environments poses inherent risks due to adverse weather conditions, sea states, and remote locations, requiring constant vigilance and advanced safety measures.
Fluctuating Oil Prices: The market's close connection to the oil and gas industry leads to demand fluctuations based on oil price changes, introducing uncertainty into the market.

Key Market Trends:

Digital Transformation: Digital technologies, such as real-time tracking, communication systems, predictive maintenance tools, and data analytics, enhance operational efficiency and safety in offshore helicopter services.
Autonomous and Unmanned Systems: Autonomous and unmanned aerial vehicles (drones) are gaining traction for certain offshore tasks, reducing the need for human-operated helicopters.
Safety Enhancements: Continuous advancements in safety measures, including improved pilot training, emergency response protocols, and safety equipment, contribute to industry resilience.
Industry Collaboration and Consolidation: Helicopter operators are forming strategic partnerships to optimize operations and increase efficiency, leading to a more streamlined industry.
Passenger Comfort: Helicopter interiors are designed with passenger amenities, improving comfort during longer flights.
Regulatory Landscape: Evolving aviation regulations impact the offshore helicopter services industry, requiring stakeholders to stay updated with changing standards.

Segmental Insights:

In 2022, the middleweight segment dominated the market share, with medium helicopters used in applications such as search and rescue, law enforcement, and firefighting. Light helicopters, with a focus on control and surveillance applications, are expected to be the fastest-growing segment.

Application Insights:

The search and rescue services segment is the dominant market, driven by high demand and costs of emergency services. The passenger segment is expected to grow significantly due to increasing manpower requirements for offshore operations.

Regional Insights:

North America leads the global Offshore Helicopter Services Market due to the presence of large offshore installations in the oil and gas sector and the expansion of the offshore wind industry.

Report Scope:

In this report, the Global Offshore Helicopter Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Offshore Helicopter Services Market, By Type:

Light
Medium
Heavy

Global Offshore Helicopter Services Market, By Application:

Inspection
Monitoring
Surveying
Passenger Transport
Goods Transport
Search & Rescue
Others

Global Offshore Helicopter Services Market, By End User:

Oil and Gas Industry
Offshore Wind Industry
Others

Global Offshore Helicopter Services Market, By Region:

North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Europe
Germany
United Kingdom
France
Russia
Spain
South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Egypt
UAE
Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Offshore Helicopter Services Market.

Available Customizations:

Global Offshore Helicopter Services Market report with the given market data, the publisher offers customizations according to a company's specific needs.

Key Topics Covered:

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations

2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Offshore Helicopter Services Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Light, Medium and Heavy)
5.2.2. By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search & Rescue, and Others)
5.2.3. By End User (Oil and Gas Industry, Offshore Wind Industry, and Others)
5.2.4. By Region
5.3. By Company (2022)
5.4. Market Map

6. North America Offshore Helicopter Services Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By End User
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Offshore Helicopter Services Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Application
6.3.1.2.3. By End User
6.3.2. Canada Offshore Helicopter Services Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Application
6.3.2.2.3. By End User
6.3.3. Mexico Offshore Helicopter Services Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Application
6.3.3.2.3. By End User

7. Asia-Pacific Offshore Helicopter Services Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By End User
7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Offshore Helicopter Services Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Application
7.3.1.2.3. By End User
7.3.2. India Offshore Helicopter Services Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Application
7.3.2.2.3. By End User
7.3.3. Japan Offshore Helicopter Services Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.3.2.3. By End User
7.3.4. South Korea Offshore Helicopter Services Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Application
7.3.4.2.3. By End User
7.3.4.2.4.
7.3.5. Indonesia Offshore Helicopter Services Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Application
7.3.5.2.3. By End User

8. Europe Offshore Helicopter Services Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By End User
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Offshore Helicopter Services Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Application
8.3.1.2.3. By End User
8.3.2. United Kingdom Offshore Helicopter Services Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Application
8.3.2.2.3. By End User
8.3.3. France Offshore Helicopter Services Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Application
8.3.3.2.3. By End User
8.3.4. Russia Offshore Helicopter Services Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Application
8.3.4.2.3. By End User
8.3.5. Spain Offshore Helicopter Services Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Application
8.3.5.2.3. By End User

9. South America Offshore Helicopter Services Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By End User
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Offshore Helicopter Services Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Application
9.3.1.2.3. By End User
9.3.2. Argentina Offshore Helicopter Services Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Application
9.3.2.2.3. By End User

10. Middle East & Africa Offshore Helicopter Services Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By End User
10.2.4. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Saudi Arabia Offshore Helicopter Services Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Application
10.3.1.2.3. By End User
10.3.2. South Africa Offshore Helicopter Services Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Application
10.3.2.2.3. By End User
10.3.3. UAE Offshore Helicopter Services Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Application
10.3.3.2.3. By End User
10.3.4. Israel Offshore Helicopter Services Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Application
10.3.4.2.3. By End User
10.3.5. Egypt Offshore Helicopter Services Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Type
10.3.5.2.2. By Application
10.3.5.2.3. By End User

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Company Profiles
13.1. Bristow Group Inc
13.1.1. Business Overview
13.1.2. Key Revenue and Financials (If Available)
13.1.3. Recent Developments
13.1.4. Key Personnel
13.1.5. Key Product/Services
13.2. CHC Group Ltd
13.2.1. Business Overview
13.2.2. Key Revenue and Financials
13.2.3. Recent Developments
13.2.4. Key Personnel
13.2.5. Key Product/Services
13.3. PHI, Inc
13.3.1. Business Overview
13.3.2. Key Revenue and Financials (If Available)
13.3.3. Recent Developments
13.3.4. Key Personnel
13.3.5. Key Product/Services
13.4. Era Group Inc
13.4.1. Business Overview
13.4.2. Key Revenue and Financials (If Available)
13.4.3. Recent Developments
13.4.4. Key Personnel
13.4.5. Key Product/Services
13.5. Babcock International Group PLC
13.5.1. Business Overview
13.5.2. Key Revenue and Financials (If Available)
13.5.3. Recent Developments
13.5.4. Key Personnel
13.5.5. Key Product/Services
13.6. HNZ Group Inc
13.6.1. Business Overview
13.6.2. Key Revenue and Financials (If Available)
13.6.3. Recent Developments
13.6.4. Key Personnel
13.6.5. Key Product/Services
13.7. Milestone Aviation Group
13.7.1. Business Overview
13.7.2. Key Revenue and Financials
13.7.3. Recent Developments
13.7.4. Key Personnel
13.7.5. Key Product/Services
13.8. Columbia Helicopters, Inc
13.8.1. Business Overview
13.8.2. Key Revenue and Financials (If Available)
13.8.3. Recent Developments
13.8.4. Key Personnel
13.8.5. Key Product/Services
13.9. NHV Group
13.9.1. Business Overview
13.9.2. Key Revenue and Financials (If Available)
13.9.3. Recent Developments
13.9.4. Key Personnel
13.9.5. Key Product/Services
13.10. Cougar Helicopters Inc
13.10.1. Business Overview
13.10.2. Key Revenue and Financials (If Available)
13.10.3. Recent Developments
13.10.4. Key Personnel
13.10.5. Key Product/Services

14. Strategic Recommendations

15. About the Publisher & Disclaimer

A selection of companies mentioned in this report includes

Bristow Group Inc.
CHC Group Ltd.
PHI, Inc.
Era Group Inc.
Babcock International Group PLC
HNZ Group Inc.
Milestone Aviation Group (a subsidiary of GE Capital Aviation Services)
Columbia Helicopters, Inc.
NHV Group
Cougar Helicopters Inc.

For more information about this report visit https://www.researchandmarkets.com/r/dgwi07

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