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Offshore Helicopter Services Market to Rise at 3.17% CAGR till 2026; Increasing Demand for Efficient Search-and-Rescue Operations to Aid Market Expansion

March 26, 2020 | Aerospace & Defense

The global offshore helicopter services market size is slated to reach USD 3,227.7 million by 2026 owing to rising passenger travel by helicopters rides worldwide. This information and other insights are provided by Fortune Business Insights™ in its latest report, titled “Offshore helicopter services market Size, Share & Industry Analysis, By Type (Light Weight, Medium Weight, and Heavy Weight), By Application (Inspection, Monitoring and Surveying, Passenger Transport, Goods Transport, Search and Rescue, and Others), and Regional Forecast, 2019-2026”. As per the computations shared in the report, the value of this market stood at USD 2,513.4 million in 2018 and is expected to exhibit a CAGR of 3.17% from 2019 to 2026.


Airbus and Shell Collaborate to Provide Offshore Transportation Services


One of the prominent offshore helicopter services market trends is the rising frequency of strategic partnerships among bigwigs in this market. The recent collaboration between Airbus and Shell bolstered this trend. In January 2020, France-based Airbus Helicopters (part of Airbus) and Shell Aircraft (part of Royal Dutch Shell) joined forces to make available commercially the H160 utility helicopter developed by Airbus. While the main feature of the H160 is safe and comfortable offshore transportation, its true uniqueness lies in its high fuel efficiency and a holistic maintenance ecosystem. Additionally, the carrier also sports an automated pilot assistance system developed by Helionix, along with advanced safety and operability.


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


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


Heightened Pace of Oil and Gas Drilling Operations to Boost the Market


Worldwide, energy demand is skyrocketing and the International Energy Agency (IEA) predicts that fossil fuels will meet half of this demand, at least till 2040. This implies that oil and gas exploration and production activities will intensify and escalate to ensure supply-demand balance, necessitating efficient equipment and vehicles. In view of this, many helicopter service providers are increasing their stockpile of helicopters. For example, US-based oilfield services major Baker Hughes announced that its international rig count was at 1,025 in December 2018, rising from 991 in November 2018, a jump of more than 3% in just a month’s span. This is indicative of the fact that the oil & gas helicopter services market demand is slated to experience robust growth in the near future.


Outsourcing of Specialized Operations to Broaden Scope of Competition


Offshore services of any kind require a specific skillset and in case of helicopter services, the skill quotient is significantly raised, considering the dangers such operations pose. As a result, aviation and energy companies are focusing on awarding contracts to specialized operators providing helicopter services, which has emerged as the hallmark feature of the competition in this market.


Industry Developments:



  • October 2019: Texas-based Air Center Helicopters, Inc. announced that the signing of HCare Smart, which is a 3-year maintenance contract, for its fleet of Airbus H225 helicopters. The helicopters are currently utilized by the US Armed Forces for casualty evacuations, Special Operations Forces training, and vertical replenishment.


List of Key Companies Profiled in the Offshore Helicopter Services Market Report:



  • Abu Dhabi Aviation

  • Babcock International

  • CHC Helicopters

  • Courag Helicopters Inc.

  • Era Group Inc.

  • Gulf Helicopters Company

  • Heligo Charters Pvt. Ltd.

  • Omni Helicopters International

  • PHI Inc.


Further Report Findings:



  • The market size in North America was at USD 707.43 million in 2018, based on which it is expected that the region will lead the offshore helicopter services market share during the forecast period. This dominance is attributable to the strong presence of global aviation giants in the region.

  • In Europe, the market will be primarily driven by the surging demand for helicopter services owing to increasing hydrocarbon exploration activities in the North Sea.

  • Developing oil and gas infrastructure will fuel the market in Latin America, the offshore helicopter services market analysis suggests.

  • In 2018, the medium weight segment held a share of 56.20% in the market. High efficiency of medium weight helicopters in carrying out offshore applications will ensure that the medium weight segment stays dominant in the forthcoming years.  


Global Offshore Helicopter Services Market Scope Segmentation Table:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD million)



Segmentation



By Type



  • Light Weight

  • Medium Weight

  • Heavy Weight



By Application



  • Inspection, Monitoring and Surveying

  • Passenger Transport

  • Goods Transport

  • Search and Rescue (SAR)

  • Others



By Geography



  • North America (The U.S. and Canada)

  • Asia Pacific (China, Indonesia, Australia, Malaysia, Rest of Asia Pacific)

  • Europe (The U.K., Norway, The Netherlands, Rest of Europe)

  • Middle East and Africa (The UAE, Angola, Saudi Arabia, and Rest of the Middle East and Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Offshore Helicopter Services Market
  • PDF
  • 2018
  • 2015-2017
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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