The growing popularity of air ambulances is propelling the market growth of helicopter services. The demand for helicopter services is also surging on account of the growing utilisation of air ambulances to boost healthcare accessibility in remote areas. With the increasing governments’ focus on improving healthcare accessibility, the utilisation of helicopter services is significantly growing. For instance, in December 2021, the Odisha government launched air ambulance services to provide access to healthcare in rural interior areas. Moreover, the surging research activities to develop autonomous and lightweight air ambulances are expected to provide impetus to the market growth in the forecast period. The introduction of chopper services to provide enhanced connectivity and convenience is anticipated to augment the market growth of helicopter services. With the growing competitiveness, leading service providers are boosting their offerings, which is likely to propel the market. In addition, the market is anticipated to be aided by technological advancements and innovations, which are likely to increase the utilisation of helicopters in mining, tourism, corporate travel, air charter, and entertainment activities.
Going forward, acquisitions and mergers by the key market players aimed at extending and enhancing their operations for several applications are also anticipated to propel the market growth. Bristow Group Inc. (NYSE: VTOL), the parent company of Bristow Helicopters Limited, announced its plan to acquire British International Helicopter Services Limited (“BIH”) in April 2022. BIH delivers combined search and rescue (SAR) while supporting helicopter services for the UK Ministry of Defence (MOD). The acquisition would enable Bristow to enhance its presence in the government services business. It would also strengthen its existing relationship while facilitating it to develop new partnerships for safe and reliable lift solutions in the government sector. As BIH delivers Fleet Operation Sea Training (FOST) helicopter for the Royal Navy, the acquisition would enable Bristow to expand its services throughout the United Kingdom.
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The major players in the global helicopter services market are Air Methods Corporation, Alpine Helicopters Inc., Bristow Helicopters Limited, Carson Helicopters Inc., Erickson Incorporated, Gulf Helicopters, and Heli Air Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Vietnam
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