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Europe is the second largest market in the global helicopter services market. It is projected to grow at a CAGR of 6.6% during the forecast period. The global helicopter services market is projected to grow from USD 14.15 billion in 2022 to USD 23.80 billion by 2030.
The Europe helicopter market is highly competitive and dynamic, driven by the demand for various services such as Search and Rescue (SAR) operations and the expansion of offshore wind and oil & gas industries. The offshore wind industry is expanding rapidly and a significant growth opportunity in Europe, which is expected to surge the demand for offshore helicopters utilized for transportation and maintenance operations.
Our report on the Europe helicopter services market covers the following countries/regions – U.K., Germany, France, Italy, Russia, and the rest of Europe.
Adoption of Electric and Hybrid Helicopters Promotes New Growth Opportunities
The adoption of electric and hybrid helicopters is driving the Europe helicopter services market growth. The European Union Aviation Safety Agency (EASA) has initiated the development of standards for electric and hybrid aircraft operations to ensure these aircraft’s safe and efficient integration into the European aviation system. These standards are expected to pave the way for the region's commercial deployment of electric and hybrid helicopters. Furthermore, the growing concern for environmental sustainability and the need for energy-efficient transport are major factors driving the adoption of electric and hybrid helicopters in the region.
Rising Demand for Search and Rescue (SAR) Operations to Boost the Market Growth
The increasing frequency of natural disasters, accidents, and emergency situations has increased the need for SAR operations in the region. Several European countries have invested heavily in SAR operations to improve their response capabilities. Furthermore, the U.K. has a dedicated helicopter rescue service, the Coastguard Search and Rescue (SAR) Helicopter Service, which operates a fleet of helicopters for SAR operations nationwide.
Growing Environmental Concerns May Hamper the Market Growth
The aviation industry is one of the largest contributors to greenhouse gas emissions and helicopters produce high noise pollution and carbon emissions. Several European countries have implemented strict regulations to reduce the impact of helicopter operations on the environment.
Bristow Group Inc. is the leading operator in the Europe helicopter services market, followed by Petroleum Helicopters International Inc., CHC Helicopter Group, Babcock International Group Plc, and Abu Dhabi Aviation Co. These companies comprise major revenue share and continuously develop new products and offer a wide range of services in various sectors. The COVID-19 pandemic has also increased the need for helicopters for medical transport and essential services. The key players in the market are well-positioned to meet the evolving demands and continue to drive the growth of the market.
Other players such as the NHV Group, Omni Helicopters International, Heli-Union, Luxembourg Air Rescue, and HeliService International GmbH are also dominating the market. These companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase the Europe helicopter services market share.
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The Europe helicopter services market research report provides qualitative and quantitative insights into the market and a detailed analysis of the Europe market size & growth rate for all possible segments in the market. Along with the market forecast, the research report elaborates on the market trends, dynamics, and the competitive landscape. Various key insights presented in the report are overview of the number of procedures, an account of the price analysis of types of products, an overview of the regulatory scenario by key countries, pipeline analysis, technological advancements, key industry developments (mergers, acquisitions, and partnerships), and, COVID-19 impact on the market.
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 6.6% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Type, Application, End User, and Country |
By Type |
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By Application |
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By End User |
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By Country |
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Growing at a CAGR of 6.6%, the market will exhibit steady growth during the forecast period (2023-2030).
Rising demand for Search and Rescue (SAR) operations and the expansion of the offshore wind industry are the major factors driving the market growth.
Bristow Group Inc., Petroleum Helicopters International Inc., CHC Helicopter Group, Babcock International Group Plc, and Abu Dhabi Aviation Co. are the major players in Europe.
Russia dominated the market in 2022.