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Helicopter Services Market to Exhibit 3.58% CAGR from 2022 to 2029; NHV Group to Provide Helicopter Services for Shell UK & NAM

May 13, 2022 | Aerospace & Defense

The helicopter services market size is anticipated to rise from USD 33.34 billion in 2022 to USD 42.64 billion by 2029. Strong demand for helicopter services across emerging and advanced economies will add fillip to the industry growth. Prominently, the demand for air medical applications will be pronounced over the next few years. According to the latest research report by Fortune Business Insights™ titled, “Helicopter Services Market Size, Share & COVID-19 Impact Analysis, By Type (Light Weight Helicopter, Medium Weight Helicopter, Heavy Weight Helicopter), By Application {Offshore Helicopter, Air Ambulance, Business/Corporate Travel, Disaster and Humanitarian Aid, Leisure Charter, Transport (Air Crane, Cargo), Media and Entertainment (Film Shooting and Special Occasions), Surveying and Aerial Imaging (Photography and 3D Scanning Mapping)}, and Regional Forecast, 2022-2029,” the market stood at USD 31.89 billion in 2021. It is likely to grow at a CAGR of 3.58% during the forecast period.


Uptake of Helicopter Services amidst the COVID-19 Pandemic to be Pronounced


With the COVID-19 pandemic having a telling impact on a host of industries, end-users exhibited an inclination for services through helicopters. Notably, the penetration of Helicopter Emergency Medical Services (HEMS) has augured well for the industry outlook. In a bid to streamline the operational process and supply chain management, stakeholders are poised to inject funds into advanced services.


Global Helicopter Service GmbH (GHS) Inked an SBH Contract with Safran Helicopter Engines


Global Helicopter Service GmbH inked a Support-By-Hour (SBH) contract with Safran Helicopter Engines in April 2021. They expect the partnership to boost long-term Maintenance, Repair, and Overhaul (MRO) and service agreement for two Makila 2A1 engines. Leading companies are likely to inject funds into cutting-edge solutions to foster the market share during the forecast period. Leading companies could invest in next-gen all-electric helicopters to gain a competitive edge across untapped areas.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/helicopter-services-market-102529


Trend for Advanced Autonomous Technology to Add Fillip to Industry Growth


Stakeholders expect advanced autonomous technology to be highly sought-after across the U.S. and the U.K. The need for safety procedures and reliable real-time data has prompted innovation in the landscape. Besides, industry participants have exhibited traction for HEMS services following the demand from hospitals. For instance, in November 2021, Global Medical Response (GMR) inked a deal with Bell Textron Inc. to purchase six Bell 407GXi helicopter emergency services aircraft by 2023. The helicopter services market growth will witness an appreciable gain, owing to the rise in number of projects across advanced and emerging economies.


Meanwhile, rigorous regulations and the occurrence of accidents could dent the growth prospect. Stakeholders are gearing to overcome challenges that could hamper the entry of startups and new service providers.


Stakeholders Focus on Product Portfolio Expansion to Tap Markets


Major industry players are poised to invest in product portfolio expansion through product rollouts, technological advancements, geographical development, and mergers & acquisitions. Leading companies could bolster the industry growth by injecting funds into R&D activities.


Notable Industry Development



  • July 2020 – NHV Group to provide helicopter services for Shell UK & NAM under a new long-term contract.


List of the Companies Profiled in the Global Market



  • Air Methods Corporation (U.S.)

  • Alpine Helicopters Inc. (Canada)

  • Bristow Helicopters Limited (U.K.)

  • Carson Helicopters Inc. (U.S.)

  • Ericson Incorporated (U.S.)

  • Gulf Helicopters (Qatar)

  • Heli Air Limited (U.K.)

  • PHI Inc. (U.S.)


Further Report Findings



  • Based on type, the light weight helicopter segment could witness the fastest growth rate during the forecast period owing to increased demand from commercial applications.

  • North America market size was valued at USD 15.23 billion in 2021 and will grow with strong demand for emergency medical services.

  • Asia Pacific market forecast will be strong due to bullish demand for search and rescue operations


Table of Segmentation
















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



Segmentation



By Type, Application, and Geography



By Type



  • Light Weight Helicopter

  • Medium Weight Helicopter

  • Heavy Weight Helicopter



By Application



  • Offshore Helicopter

  • Air Ambulance

  • Business/Corporate Travel

  • Disaster and Humanitarian Aid

  • Leisure Charter

  • Transport

    • Air Crane

    • Cargo



  • Medical and Entertainment

    • Film Shooting

    • Special Occasions



  • Surveying and Aerial Imaging

    • Photography

    • 3D Scanning Mapping





By Geography


 




  • North America (Type, Application, and Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (Type, Application, and Country)

    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Russia (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (Type, Application, and Country)

    • China (By Type)

    • India (By Type)

    • New Zealand (By Type)

    • Australia (By Type)

    • Rest of Asia Pacific (By Type)



  • Rest of the World (Type, Application, and Sub-Region)

    • Middle East & Africa (By Type)

    • South America (By Type)




Helicopter Services Market
  • PDF
  • 2021
  • 2018-2020
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    5850
    7850

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