Helicopter Services Market to Expand at 6.2% CAGR from 2023 to 2030; PHI Aviation Entered an Extended Contract with BP p.l.c. to Strengthen Market Position

The global helicopter services market size stood at USD 14.15 billion in 2022. The market value is slated to rise from USD 15.62 billion in 2023 to USD 23.80 billion by 2030 at a CAGR of 6.2% during 2023-2030. The rise is driven by the escalating product usage for aerial photography and surveying, transportation of passengers and goods, search and rescue operations, emergency medical services, and others.

Fortune Business Insights™ presents this information in its report titled “Helicopter Services Market Size, Share, COVID-19 Impact Analysis, By Type (Light, Medium, Heavy), By Application (Offshore, Air Ambulance, Business and Corporate Travel, Disaster and Humanitarian Aid, Transport, Surveying and Aerial Imaging, Others), By End User (Civil, Commercial, Military), and Regional Forecast, 2023-2030”.

Market Growth Hampered by Imposition of Restrictions Amid COVID-19 Pandemic

The COVID-19 pandemic led to the imposition of lockdowns and restrictions on travel. This resulted in a decreased demand for transport services across a range of sectors. Furthermore, the pandemic affected Emergency Medical Services (EMS) that depend on helicopters for patient transportation. In spite of these challenges, there were opportunities, such as air medical transport, which could elevate rotorcraft services demand in the healthcare sector.

The Helicopter Company Enters in an Agreement with Leonardo S.p.A and Airbus S.A.S to Strengthen Industry Footing

In March 2022, Saudi Arabia-based commercial operator, The Helicopter Company (THC), inked an agreement with Leonardo S.p.A and Airbus S.A.S at the HAI Heli-Expo 2022. The 43-aircraft deal had an option of extension to further 20 with an intention of developing an inclusive nationwide Helicopter Emergency Medical Services (HEMS) sector from scratch in the Kingdom of Saudi Arabia within a period of three years.

Escalating Urban Air Mobility (UAM) Demand to Propel Industry Growth

The helicopter services market growth is driven by an increase in Urban Air Mobility (UAM) and the growing demand for sustainable and efficient transportation. Helicopters are a feasible solution as they provide a quick and reliable point-to-point mode of transportation in urban environments. The industry expansion is further propelled by the escalating demand for sustainable transportation solutions and growing investments in UAM infrastructure.

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Major Players Enter into Partnerships to Strengthen Industry Position

Key participants offering helicopter services enter into partnership agreements for strengthening their business positions. Some of the strategic steps include merger agreements, formation of alliances, acquisitions, and others. Additional initiatives comprise the rollout of new solutions and an increase in research activities.

Key Players Profiled in the Report:

• Bristow Group Inc. (U.S.)


• Air Methods Corporation (U.S.)


• Petroleum Helicopters International Inc. (U.S.)


• CHC Helicopter Group (U.S.)


• Babcock International Group plc (U.K.)


• Global Medical Response Inc. (U.S.)


• Abu Dhabi Aviation Co. (UAE)


• Gulf International Services QPSC (UAE)


• Erickson Incorporated (U.S.)


• CITIC Offshore Helicopter Co. Ltd. (China)

Notable Industry Development

• October 2022 – PHI Aviation entered an into extended contract with BP p.l.c. for the provision of helicopter transportation services for BP’s production and energy exploration efforts in the Gulf of Mexico.

Further Report Findings

• The North America helicopter services market share is poised to depict substantial growth throughout the forecast period. The surge can be credited to the escalating demand for aerial firefighting solutions.


• The Europe market is anticipated to register appreciable expansion over the study period. The rise is driven by the escalating demand for Search and Rescue (SAR) operations.


• On the basis of type, the market is subdivided into light, medium, and heavy. Of these, the light segment is anticipated to register notable growth over the projected period. The escalation is on account of the increasing demand for sightseeing, aerial photography, and other applications.


• Based on application, the market for helicopter services is fragmented into air ambulance, business and corporate travel, disaster and humanitarian aid, transport, surveying and aerial imaging, and others. The air ambulance segment is slated to register considerable growth over the forecast period.

Table of Segmentation