Global Helicopter Charter Market Report and Forecast 2024-2032

Global Helicopter Charter Market Outlook

The global helicopter charter market is supported by the global helicopter services market, which is expected to grow at a CAGR of 4% between 2024 and 2032 to reach a value of almost USD 45.55 billion by 2032.       

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Increasing Accessibility to Air Charter Services to Propel the Market Growth of Helicopter Charter in North America

North America represents one of the leading markets for helicopter charter. The United States holds the majority of the market share within the region and is expected to remain the leading market in the coming years due to the growing ease in the way individuals are now able to access private aircraft and the rising awareness of the overall air charter market in the country. In the United States, an increase in the frequency of flights taken has been witnessed, which has created the need for higher maintenance and management of the flight department – staffing, inspection downtime, and maintenance, to support the market. The increase in the number of flights witnessed in the region is enhancing the overall helicopter charter industry growth.

The helicopter charter industry also has significant growth potential in the Asia Pacific as the business sector of China is going through a transformation, making the Asia Pacific the fastest growing region economically. China offers lucrative growth opportunities for the helicopter charter industry owing to the rising population of business people and wealthy individuals in China, coupled with the multiplying airports in the region.

Helicopter Charter: Market Segmentation

A helicopter charter is a type of air charter, which is the business of renting an entire aircraft. The model is based on renting individual private aircraft for urgent cargo services, air ambulance services, and several other ad hoc air transportations.

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The market is divided on the basis of services into the following:

• Air Ambulance
• Disaster and Humanitarian Relief
• Transportation of VIP and Passengers
• Aerial Survey
• Film Shooting
• Fire Fighting
• Transportation of Heavy Equipment 
• Others

By charter types, the market can be segmented into:

• Private Charter
• Business Charter

On the basis of engine type, the industry is divided into:

• Single Engine
• Twin Engine

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Air Cargo Demand to Bolster the Market Growth of Helicopter Charter

The global market for helicopter charter is being aided by the growth of the global air charter market. There is a rising trend for shipments delivered by air due to increasing demand from customers for immediate and timely delivery of their goods. Factors such as time shortages and last-minute capacity have propelled the adoption of air charter, enhancing the market size of helicopter charter.

The rising demand for cargo charters is aiding the market growth. The leading charter operators across the world have stated that the demand for cargo charter is increasing significantly. The rise in the air cargo market is expected to have a positive effect on the air cargo providers as well as cargo charter operators. Further, the growing preference for on-demand charter jets is growing, owing to the demand and affordability of wealthy individuals, who are attracted towards private charter, enhancing the market over the forecast period.

The market has manifold advantages for its customers, especially in the business charter segment, some of which include, rise in corporate profits and the time saved by employees. The charter freight segment is expected to be a rapidly growing segment owing to several benefits, such as rapid response, traceable delivery, and secure transportation.

Key Industry Players in the Global Helicopter Charter Market

The report gives a detailed analysis of the following key players in the global helicopter charter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• GlobeAir AG
• Paramount Business Jets
• Luxaviation Management Company
• Jettly Inc.
• Air Charter Service Ltd.
• Global Helicopter Service GmbH
• Abu Dhabi Aviation International
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report