Helicopter Services Market Analysis and Forecast to 2032: By Type (Light, Medium, Heavy), Application (Oil & Gas, Medical Services, Transport, Law Enforcement & Public Safety, Others), and Region
The global helicopter services market was valued at USD 31.9 billion in 2022 and it is anticipated to grow further till USD 49.7 billion by 2032, at a CAGR of 4.5% during the forecast period.
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.
Global Helicopter Services Market Scope and Report Structure
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | $31.9 Bn |
| Market Size in 2032 | $49.7 Bn |
| Growth Rate (2022-32) | 4.5% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Type, Application, and Region |
| Key Companies | 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. |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Market Drivers and Trends
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.
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.
Global Helicopter Services Market Segmental Overview
The global helicopter services market is segmented into type, application, and region.
Global Helicopter Services Market by Type
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.
Global Helicopter Services Market by Application
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.
Geographical Analysis of the Global Helicopter Services Market
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.
Major Players in the Global Helicopter Services Market
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.
COVID-19 Impact
The COVID-19 pandemic has fundamentally altered the landscape of many industries, including aviation, healthcare, chemical, information and communications technology, and automotive. The majority of industries have already experienced COVID-19’s detrimental effects on their operations after 2020. After July 2020, hospitals, health insurance and aid providers, and independent end users increased their demand for helicopter emergency medical services (HEMS), according to the helicopter service providers. Yet, the COVID-19 pandemic may cause the market to change in the years to come.
Recent Developments
- April 2021, Global Helicopter Services GmbH signed a support-by-hour contract with Safran Helicopter Engines for an H225. This contract establishes a long-term maintenance, repair, and overhaul and service agreement for two Makila 2A1 engines. In Africa, GHS uses an H225 for utility and humanitarian support missions.
- October 2020, State Grid General Aviation Company inked a strategic cooperation agreement and an HCare Smart Parts by Hour contract with Airbus Helicopters, strengthening its support and services capability with more localized solutions.
Frequently Asked Questions
Q1. How big is the Helicopter Services market?
Ans. The global Helicopter Services market size was USD 31.9 billion in 2022 and it is anticipated to grow further till USD 49.7 billion by 2032, at a CAGR of 4.5% from 2023 to 2032.
Q2. What is the Helicopter Services market growth rate?
Ans. The growth rate of the Helicopter Services market is 4.5%.
Q3. Which region holds a major market share for the Helicopter Services market?
Ans. North America holds a major market share of the Helicopter Services market in 2022.
Q4. Which segment accounted for the largest Helicopter Services market share?
Ans. By type, light segment accounted for the largest Helicopter Services market share.
Q5. Who are the key players in the Helicopter Services market?
Ans. The global Helicopter Services market report includes players such as 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.
Q6. What are the factors driving the Helicopter Services market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Helicopter Services market players?
Ans. The key growth strategies of Helicopter Services market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Helicopter Services market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Helicopter Services market during the forecast period.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Helicopter Services Market Outlook
3.1. Helicopter Services Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Helicopter Services Market
Chapter 4. Economic Impact of COVID-19 on Helicopter Services Market
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Helicopter Services Market
4.3. Economic Impact Analysis
Chapter 5. Helicopter Services Market by Type
5.1. Market Overview
5.2. Light
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Medium
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Heavy
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Helicopter Services Market by Application
6.1. Market Overview
6.2. Oil & Gas
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Medical Services
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Transport
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Law Enforcement & Public Safety
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.6. Others
6.6.1. Market Size and Forecast, 2021-2031 ($Million)
6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Helicopter Services Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.3. North America Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.4. North America Helicopter Services Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.5.2. The U.S. Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6.2. Canada Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7.2. Mexico Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.3. Europe Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.4. Europe Helicopter Services Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.5.2. Germany Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6.2. France Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7.2. U.K. Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8.2. Spain Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9.2. Italy Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Helicopter Services Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5.2. China Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6.2. India Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7.2. Japan Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8.2. South Korea Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.3. Rest of the World Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.4. Rest of the World Helicopter Services Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.5.2. Latin America Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6.2. Middle East Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Helicopter Services Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7.2. Africa Helicopter Services Market Size and Forecast by Application, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. MD Helicopters
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Bristow Group Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. CHC Group LLC
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Era Group Inc.
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Falcon Aviation
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Gulf Helicopters
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Heliconia Group
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Héli-Union
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. NHV Group
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. PHI, Inc.
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segmentation
By Type
- Light
- Medium
- Heavy
By Application
- Oil & Gas
- Medical Services
- Transport
- Law Enforcement & Public Safety
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa