U.S. 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), 2023-2030

The U.S. helicopter services market size is projected to grow at a CAGR of 5.8% during the forecast period.

The market is highly competitive, with major players such as Bristow Group Inc., Air Methods Corporation, Petroleum Helicopters International Inc., CHC Helicopter Group, and Babcock International Group plc meets the market's changing demands. Overall, the U.S. market is expected to experience steady growth rate over the forecast period, driven by the increased demand for aerial firefighting services, technological advancements, Helicopter Emergency Medical Services (HEMS), including air ambulance services and continued research & development investments.

LATEST TRENDS

Integration of Advanced Technologies to Offer New Growth Opportunities

The integration of advanced technologies, such as Artificial Intelligence (AI), Machine Learning (ML), And Internet of Things (IoT), is improving the safety, efficiency, and reliability of helicopter services. The use of AI and ML can help in the prediction and prevention of equipment failures, while IoT technology can provide real-time data on aircraft performance and maintenance needs. For instance, GPS navigation and weather radars allow pilots to navigate through adverse weather conditions and avoid potential hazards, reducing the risk of accidents. Advanced avionics systems, on the other hand, enable pilots to fly more efficiently, reducing fuel consumption and operational costs.

DRIVING FACTORS

Increasing Demand for Aerial Firefighting Services to Drive the U.S. Helicopter Services Market Growth

The use of helicopters for aerial firefighting is growing in recent years, particularly in regions prone to wildfires. Helicopters are used for various roles in aerial firefighting, including dropping water and fire retardants on wildfires, transporting firefighting personnel and equipment, and providing reconnaissance and communication support. The increasing wildfires lead to increasing demand for aerial firefighting services, which is driving the growth of the market during the forecast period.

• For instance, in 2020, according to the National Interagency Fire Center, there were over 58,000 wildfires in the U.S. alone, which led to a significant increase in demand for aerial firefighting services.

RESTRAINING FACTORS

Stringent Regulations to Hamper the U.S. Market

The U.S. helicopter services market is heavily regulated, with strict safety standards and certification requirements. Compliance with these regulations can be costly and time-consuming, leading to operational challenges for companies.

• In 2020, the Federal Aviation Administration (FAA) implemented new safety standards for helicopter operations, which impacted the industry. These factors may deter some potential buyers and helicopter manufacturers.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, the market in the U.S. is dominated by several key industry players, including Bristow Group, Air Methods, PHI, Inc., Era Group Inc., Metro Aviation, and CHI Aviation. These companies provide a wide range of services to various industries, including oil and gas, air medical, search and rescue, and government agencies. Their global presence and extensive fleets make them well-positioned to dominate the U.S. helicopter services market share.

LIST OF KEY COMPANIES PROFILED:

• 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.)


• West Star Aviation (U.S.)


• Acadian Air Med. (U.S.)


• Erickson Incorporated (U.S.)


• Metro Aviation (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• May 2022 – StandardAero, a U.S.-based MRO service provider, announced that it has completed the first stage of building a new Mobile Service Team (MST) to support services for operators in the U.K., Europe, and the Middle East & Africa.


• March 2022 – Metro Aviation and Piasecki Aircraft Corporation (PiAC) signed a Memorandum of Understanding (MoU) to work together for the development of Piasecki’s upcoming PA-890 Pathfinder Electric helicopter with the help of its revolutionary hydrogen fuel cell electric propulsion system.


• December 2021 – Bristow Group, a U.S.-based aviation services provider, announced that it had successfully completed an offshore revenue flight using Sustainable Aviation Fuel (SAF) made from used cooking oil, marking a significant milestone in its efforts to reduce carbon emissions.

REPORT COVERAGE

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The U.S. helicopter services market research report provides a detailed analysis of the market. It focuses on key aspects such as an overview of technological advancements, product innovations, and other growth factors. Additionally, it includes an overview of new product launches, market insights, key industry developments, such as partnerships, mergers and acquisitions, and the impact of COVID-19 pandemic on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market in recent years.

Report Scope & Segmentation