Helicopter Services Market

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Helicopter Services Market

Helicopter Services Market to Reach USD 49.7 Billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, March 2023: According to a new research study by Global Insight Services (GIS), the global Helicopter Services market is expected to grow rapidly over the next 10 years to reach a value of more than USD 49.7 billion by 2032.

Helicopter services is a type of air transportation that uses helicopters to transport people or goods. Helicopter services can be used for a variety of purposes, including medical transportation, search and rescue operations, and disaster relief. Helicopter services can be provided by private companies or by government agencies.

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Helicopter Services Market: Key Trends and Drivers

The key drivers of the helicopter services market are the growing demand for on-demand transportation, the need for efficient transportation in remote areas, and the increasing number of air ambulance services.

The on-demand transportation segment is expected to grow at the highest CAGR during the forecast period. The demand for on-demand transportation has increased due to the growing need for efficient transportation in remote areas. On-demand transportation includes transportation services that are provided on an as-needed basis. This type of transportation is generally used for short-distance travel.

The air ambulance services segment is expected to grow at the second-highest CAGR during the forecast period. The increasing number of air ambulance services is one of the key factors driving the growth of this segment. Air ambulance services are used to transport patients to hospitals in emergency situations. These services are provided by trained medical personnel and are equipped with life-saving equipment.

The remote areas segment is expected to grow at the third-highest CAGR during the forecast period. The need for efficient transportation in remote areas has increased due to the growing population in these areas. Helicopters are the most efficient means of transportation in remote areas as they can land in small spaces and are not affected by bad weather conditions.

Helicopter Services Market: Restraints and Challenges

The key restraints and challenges in the helicopter services market are the high cost of ownership and operating costs, the need for highly skilled pilots, and the stringent regulations.

The high cost of ownership is a major barrier to the growth of the helicopter services market as it limits the number of potential customers.

The operating costs of helicopters are also high, which makes it difficult for operators to generate profits. In addition, the need for highly skilled pilots limits the number of people who can fly helicopters, which further restricts the market growth.

The stringent regulations governing the helicopter services industry are another challenge faced by the market players. These regulations are designed to ensure the safety of passengers and crew, and to prevent accidents.

Helicopter Services Market Report Findings

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The light segment is anticipated to dominate the market during the forecast period

Based on type, it is segmented into light, medium, and heavy. The light segment is anticipated to dominate the market during the forecast period. Similarly, the medium segment is anticipated to witness the fastest growth during the forecast period.

The oil & gas segment is anticipated to dominate the market during the forecast period

Based on application, it is segmented into oil & gas, medical services, transport, law enforcement & public safety, and others. The oil & gas segment is anticipated to dominate the market during the forecast period. Similarly, the medical services segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are MD Helicopters, Bristow Group Inc., CHC Group LLC, Era Group Inc., Falcon Aviation , Gulf Helicopters, Heliconia Group, Héli-Union, NHV Group and PHI, Inc. among others.

Helicopter Services Market Report Coverage

The report offers a comprehensive quantitative as well as qualitative analysis of the current global Helicopter Services market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
A thorough analysis of market trends and restraints is provided.
Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
The forecasts in this report are made by examining the recent trends along with future Helicopter Services market potential from 2022 to 2032 in terms of revenue.
Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Helicopter Services market are also analyzed.
Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Helicopter Services industry.

Global Helicopter Services Market Segmentation

By Type

Light
Medium
Heavy

By Application

Oil & Gas
Medical Services
Transport
Law Enforcement & Public Safety
Others