Global Helicopter Services Market Report and Forecast 2024-2032

Global Helicopter Services Market Outlook

The global market for helicopter services is expected to grow at a CAGR of about 4% in the forecast period of 2024-2032 to reach a value of around USD 58.40 billion by 2032, likely to be driven by the rising number of offshore operations.

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North America and Europe to be Significant Regional Markets for Helicopter Services

During the forecast period, North America is expected to lead the global market, as helicopter services are widely used in the region for various purposes. The United States and Canada have robust aviation infrastructure and ample space to develop landing/take-off pads and spot networks, further strengthening the region’s helicopter services market share. Increasing air sports activities, such as aerobatics, parachuting, and paragliding, have generated lucrative growth opportunities.

Europe is expected to display significant growth in the coming years due to the proliferation of helicopter leasing facilities and the rising number of offshore operations. Leading manufacturers focus on introducing products to enhance their product line and comply with the changing end-user requirements. For instance, in August 2020, Airbus Helicopters SAS introduced a new Lakota helicopter fleet to the United States Army and National Guard. The company launched the UH-72B Lakota. The acceptance of helicopters in the military sector will spur the market revenue during the forecast period. The Clean Sky region involves a partnership between the public and private sector, the European Commission and the European aeronautics industry, which provides advanced technology for producing environmentally friendly and quiet flying aircraft.

Market Segmentations

Helicopters have horizontally spinning rotors that provide propulsion and lift to the aircraft. This enables helicopters to land vertically, take off, hover, and fly forward, backward, and sideways. For these features and benefits, the helicopter can be employed in remote and congested places where fixed-wing aircraft are difficult to operate and fly.

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By type, the helicopter services market can be divided into:

• Light Weight
• Medium Weight
• Heavy Weight

The significant applications are:

• Offshore Helicopter
• Air Ambulance
• Business/Corporate Travel
• Disaster and Humanitarian Aid
• Leisure Charter
• Transport
• Media and Entertainment
• Surveying
• Others

The regional markets for the helicopter services market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Rising Demand for Helicopter Emergency Medical Service (HEMS) Propelling the Market Growth

Increasing use of helicopters in Search and Rescue (SAR), Emergency Medical Services (EMS), and usage in law enforcement, public safety, and firefighting operations are expected to propel the growth of the helicopter services market. Factors such as the rising smart projects in the United States, India, Singapore, and China, increasing government initiatives to improve medical services and facilities, and rising investment by private hospitals in infrastructure development create a massive demand for helicopter services globally. The adventure tourism sector has been flourishing for many years now, and helicopter service providers are increasingly utilising the capabilities offered by these aircraft to ensure a thoroughly engaging experience for tourists. The growing application of helicopters in commercial and military activities, coupled with the ability of the aircraft to operate in a harsh environment, has been augmenting the market demand. The widespread adoption of the Internet of Things (IoT), artificial intelligence, and real-time data in helicopter services to improve safety and aid pilots in making flight decisions is further fuelling the market expansion. Additionally, the development of highly autonomous and lightweight helicopters that provide dependable, quicker, and user-friendly technology positively impacts global market growth.

Key Players in the Global Market for Helicopter Services

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

• Air Methods Corporation
• Alpine Helicopters Inc.
• Bristow Helicopters Limited
• Carson Helicopters Inc.
• Erickson Incorporated
• Gulf Helicopters
• Heli Air Limited
• 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