Offshore Helicopter Services Market to be worth USD 4.47 Billion by 2030; New Oil Fields Discovery and Deepwater Exploration Activities to Propel Market

The global offshore helicopter services market size was valued at USD 2.89 billion in 2022. The market is projected to grow from USD 2.98 billion in 2023 to USD 4.47 billion by 2030, exhibiting a CAGR of 6.0%. Fortune Business Insights™ presents this information in its report titled “Offshore Helicopter Services Market Size, Share & COVID-19 Impact Analysis, 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) and Regional Forecast, 2023-2030”.

Due to the range of activities that helicopters are capable of, the global market is expected to drive market growth.  In the offshore operations industry the use of unmanned aerial vehicles is growing. This helps in reducing cost along with working on several tasks that include inspection, surveying and monitoring wind turbines and oil & gas pipelines.

Decreased Travel due to Stringent Travel Regulations Impeded Market

The COVID-19 pandemic severely affected the market due to strict travel laws imposed globally by governments. Due to lockdown and reduced travel activity the market suffered economically. Many companies suffered losses due to no demand for their service.

Ultimate Aviation Group Acquired Offshore Helicopter Services U.K. in 2023

Ultimate Aviation Group acquired Offshore Helicopter Services U.K. from CHC Helicopter in April 2023. This helps Ultimate Aviation Group to sustain its position and expand in Europe. In 2021 Offshore Helicopter Services U.K. a subsidiary of Babcock International Group plc which was acquired by CHC.

Increasing Offshore Oil & Gas Exploration and Production Activities to Progress Market

The average natural gas production is expected to increase from 0.1 billion cubic feet per day (Bcf/d) in 2022 to 2.1 Bcf/d in 2023. Globally new oil fields are discovered which will require ferry personnel along with other equipment and are anticipated to increase the offshore helicopter services market share. Moreover, marine research and deepwater exploration activities leading to new oil fields discovery will expand the market.

On the contrary, high costs and numerous safety regulations should be followed by operators which may constrain the helicopter services market growth.

Companies are Concentrated on Acquisitions and Mergers to Drive Market Growth

Acquisitions, sustainable operations, diversified services, and expansion into emerging markets are key focuses of companies for growth. For instance, in the offshore wind industry, Total Energies and NHV group collaborated and finished their initial flight in October 2022 with the help of sustainable aviation fuel (SAF). Carbon dioxide (CO2) emissions can be reduced by 27% with the help of this fuel which was created by TotalEnergies.

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

https://www.fortunebusinessinsights.com/offshore-helicopter-services-market-102534

Notable Industry Development: 

• July 2022 – Bristow Helicopters Ltd., a U.K.-based leading aviation services provider, announced that the Maritime and Coastguard Agency (MCA), an executive agency of the Department for Transport awarded an USD 1.9 billion contract for the second-generation search and rescue (UKSAR2G) program for 10 years.

List of Key Players Profiled in the Report:

• Bristow Group Inc. (U.S.)


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


• CHC Helicopter Group (U.S.)


• Omni Helicopters International (OHI) SA (Portugal)


• NHV Group (Belgium)


• Abu Dhabi Aviation Co. (UAE)


• Gulf International Services QPSC (UAE)


• Erickson Incorporated (U.S.)


• CITIC Offshore Helicopter Co. Ltd. (China)


• Cougar Helicopters (Canada)

Further Report Findings:

• North America was valued at USD 0.97 billion in 2022 and was the dominating region. Presence of significant offshore oil & gas rigs and high demand for deepwater offshore development activity are driving the market.


• Europe holds the second largest share of the market due to heavy investment in Search and Rescue (SAR) operations by numerous countries in the continent.


• Asia Pacific, Latin America, and the Middle East & Africa regions are expected to grow owing to the high demand and increased offshore oil production.

Report Scope & Segmentation