Helicopter Services Market Outlook
According to the report by Expert Market Research (EMR), the global helicopter services market share, is projected to grow at a CAGR of 4.00% between 2023 and 2028. Aided by the increasing demand for offshore transport, emergency medical services, and the expanding tourism sector, the market is expected to grow significantly by 2028.
Helicopter services provide a broad range of utility including aerial surveys, air ambulances, offshore transport, search and rescue operations, and private charter services. The unparalleled flexibility, swift response times, and the capability to land and take off from remote areas make helicopters a crucial resource in many sectors. Furthermore, helicopters are extensively used in tourism for sightseeing and adventure tourism, contributing significantly to the global helicopter services market growth.
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The escalating demand for offshore transportation services is propelling the growth of the global market for helicopter services. With the continuous expansion of offshore oil and gas exploration and production activities, there is a substantial increase in the demand for helicopter services for the transport of crew and supplies. Also, the increasing investments in offshore wind energy projects necessitate the need for reliable and efficient transport solutions, thereby bolstering the helicopter services market demand.
Additionally, the rising demand for emergency medical services (EMS) and search and rescue (SAR) operations is another significant factor fuelling the helicopter services market expansion. Helicopters are now absolutely necessary for conducting rescue operations in difficult locations and delivering quick emergency medical services as a result of the increased frequency of natural disasters, accidents, and medical emergencies. Furthermore, the usage of helicopters for emergency medical services has increased as a result of expanding healthcare infrastructure and improvements in medical evacuation services.
The growth of the tourism sector also plays a vital role in driving the helicopter services market. Tourists are increasingly using helicopter sightseeing services because they offer a distinctive viewpoint of natural landscapes, cityscapes, and landmarks. The demand for helicopter services has been greatly increased by this trend and the rise in adventure tourism, fuelling the market expansion.
Moreover, the proliferation of private charter services is another contributing factor to the helicopter services market development. The rising number of high-net-worth individuals (HNWIs) and the growing preference for personalised and flexible travel options have led to an increase in demand for private charter services. This, coupled with the emerging trend of helicopter taxi services in metropolitan cities, is further driving the expansion of the market.
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Helicopter Services Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Light Weight
- Medium Weight
- Heavy Weight
Market Breakup by Application
- Offshore Helicopter
- Air Ambulance
- Business/Corporate Travel
- Disaster and Humanitarian Aid
- Leisure Charter
- Transport
- Media and Entertainment
- Surveying
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global helicopter services companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Air Methods Corporation
- Alpine Helicopters Inc.
- Bristow Helicopters Limited
- Carson Helicopters Inc.
- Erickson Incorporated
- Gulf Helicopters
- Heli Air Limited
- Others
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