Offshore Helicopter Services Market to Grow with a CAGR of 5.33% through 2031
Increasing
Offshore Oil and Gas Activities & growing need for Demand for Remote Access
propelling the Global Offshore Helicopter Services Market growth, during the forecast
period.
According
to TechSci Research report, “Global Offshore Helicopter Services Market - By
Region, Competition, Forecast & Opportunities, 2021-2031”. The Global Offshore Helicopter Services Market will grow from USD 4.05 Billion in 2025 to USD 5.53 Billion by 2031 at a 5.33% CAGR. Offshore
helicopter services provide a means of accessing remote and isolated offshore
locations that are not easily reachable by other modes of transportation. The
cornerstone of the offshore helicopter services market's growth is the global
demand for energy, particularly oil and gas. As economies expand, industries
evolve, and populations grow, the thirst for energy resources continues to
rise. Oil remains a primary source of energy for industries, transportation,
and everyday life. This sustained demand drives energy companies to explore new
frontiers and extract resources from offshore locations. The growing demand for
oil has led energy companies to extend their operations to offshore areas where
vast reserves are found beneath the ocean floor. Exploring and drilling in
these regions necessitates the deployment of skilled personnel and specialized
equipment. Offshore helicopter services are essential for transporting
geologists, engineers, and drilling crews to these remote installations,
enabling them to assess potential reserves and conduct drilling operations.
Once oil and gas reserves are tapped, the production phase begins. Maintaining
production levels requires regular maintenance, inspections, and repairs on
offshore platforms. Helicopter services facilitate the transportation of
maintenance crews, spare parts, and equipment, ensuring the continuous
operation of facilities even in challenging maritime environments. The nature
of offshore operations involves personnel working on a rotational basis.
Helicopter services enable smooth crew changes, allowing fresh personnel to
replace those completing their shifts. This rotational strategy ensures a
consistent workforce and optimized productivity.
July
2022: China's CITIC Offshore Helicopter Corporation purchased four AW139
helicopters for offshore oil and gas production. In 2023, four AW139 helicopters with an offshore configuration
are scheduled to arrive. The acquisition brings ten helicopters to the COHC
Leonardo fleet, including eight AW139, one AW169 and one AW109 Power
helicopter.
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Based
on Type, the market is divided into light, medium and heavy. In 2022, the
middleweight segment dominated the market share. Medium helicopters are larger
than light helicopters and have a maximum takeoff weight of 6,000 to 18,000 pounds. They are used in
applications such as search and rescue, law enforcement, firefighting and more.
The medium-weight segments are expected to grow steadily as the demand for
versatile helicopters in the offshore industry increases. The light helicopter
is designed to be small, agile and easy to control, with a maximum take-off
weight of less than 6,000 pounds. Light helicopters are estimated to be the
fastest growing segment globally due to
increasing demand for control and surveillance applications.
By
end-user industry, the market is segmented into oil and gas industry, offshore
wind industry and others. The oil and gas industry segment dominates the market
in the base year due to increasing demand
for crew and cargo helicopter services. The offshore wind industry
segment will grow significantly during the forecast period. The growth of the segment is driven by the
expansion of the offshore wind industry worldwide. Moreover, an increase in
the demand for renewable energy is expected to nullify the growth of the
segment.
Key
market players in the Global Offshore Helicopter Services Market include:
- Bristow Group Inc.
- CHC Group Ltd.
- PHI, Inc.
- Era Group Inc.
- Babcock International Group PLC
- HNZ Group Inc.
- Milestone Aviation Group Columbia Helicopters, Inc.
- NHV Group
- Cougar Helicopters Inc.
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“Offshore
environments pose inherent risks, and in the event of emergencies such as
fires, equipment failures, or medical crises, helicopter services are vital for
evacuating personnel to safety. These services are a crucial component of
emergency response plans, ensuring the well-being of individuals on offshore
installations. Beyond personnel transportation, helicopter services also
provide logistical support by delivering equipment, supplies, and provisions to
offshore installations. This includes everything from essential machinery to
daily necessities like food and medical supplies. The synergy between the
offshore helicopter services market and the growing oil and gas demand is
evident in the way each sector supports the other. The energy sector's unceasing
need for resources drives investments in offshore exploration and drilling,
which in turn generates demand for helicopter services. These services enable
the timely movement of skilled workers and critical resources, contributing to
the overall efficiency of offshore operations. Owing to which the market is
growing with a high CAGR.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
"Offshore Helicopter Services Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Light, Medium and Heavy), By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search & Rescue, and Others), By End User (Oil and Gas Industry, Offshore Wind Industry, and Others) By Region, Competition 2021-2031F”, has evaluated the future growth
potential of Global Offshore Helicopter Services Market and provides statistics
and information on market structure, size, share, and future growth. The report
is intended to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Offshore Helicopter
Services Market.
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