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The offshore helicopters market size is forecast to increase by USD 4.46 billion, at a CAGR of 4.5% between 2023 and 2028. Offshore energy industries, including wind power and oil and gas drilling, have experienced significant growth in recent years. The offshore wind power sector has seen a surge in development, with numerous new projects coming online, driven by advancements in technology and increasing demand for renewable energy sources. Simultaneously, the offshore oil and gas industry has also witnessed a resurgence due to the recovery in prices. This trend is expected to continue, with both sectors presenting substantial opportunities for investment and growth. The offshore energy industry's expansion not only offers economic benefits but also contributes to energy security and the reduction of greenhouse gas emissions. These developments underscore the industry's vital role in meeting the world's growing energy demands while promoting sustainable practices. The market report provides market size, historical data , and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The market is witnessing significant growth due to the increasing demand for transportation and logistics in offshore industries, particularly in sectors like oil and gas, wind energy, and marine research. Helicopters play a crucial role in search and rescue operations, crew transportation, and aerial surveys in these industries. The market is driven by the growing number of wind energy installations, which require helicopter services for maintenance and installation. Safety standards and operational efficiency are key considerations in the offshore helicopter market. Digitalization is transforming the industry with advanced avionics and safety features, enabling better fleet capabilities and sustainable practices. Key players in the market include ENAP, Equinor, and Petrobras, among others. They are investing in new technologies and expanding their fleets to meet the growing demand for offshore helicopter services. Unmanned aerial vehicles are also gaining popularity in the market, offering cost-effective alternatives for certain applications. The market for offshore helicopters is expected to continue its growth trajectory, driven by the need for efficient and safe transportation and logistics solutions in offshore industries. Safety features, operational efficiency, and sustainability are key priorities for market participants, as they strive to meet the evolving needs of their clients.
Increased in offshore wind power plants is notably driving market growth. The global energy market is experiencing a significant expansion, with the economy growing at a rate of 3.4% annually and the world population projected to reach 9 billion by 2040. This increasing demand for energy has led to the growth of various energy sectors, with offshore wind energy being a notable one. Europe and China are major contributors to the wind power market's expansion, particularly in the offshore sector.
Further, advanced electronics and efficient planning and management have improved the reliability and reduced costs of wind turbine systems, making offshore wind development a viable option for generating more than one MW of capacity. The offshore wind industry's growth has also opened up opportunities for commercialization, as maneuverability and safety protocols have been enhanced to ensure emergency medical assistance and emergency response capabilities for offshore installations. Thus, such factors are driving the growth of the market during the forecast period.
Integration of big data with helicopter avionics is the key trend in the market. Offshore helicopters play a crucial role in providing maneuverability and emergency response capabilities in the challenging offshore wind environment. The importance of safety protocols is paramount in this context, as these helicopters are often responsible for transporting personnel and providing emergency medical assistance in remote locations. With the advent of advanced technologies, helicopter fleets can now be monitored in real-time to ensure optimal performance and identify potential safety risks. For instance, by analyzing the flight data generated during the production cycle of medium helicopter components, potential risks that could impact helicopter operations can be detected early. Additionally, the collection and analysis of weather data, combined with a detailed examination of helicopter components and flight data, enable the prediction and optimization of maintenance schedules to prevent corrosion and ensure the longevity and safety of the helicopter fleet. Thus, such trends will shape the growth of the market during the forecast period.
Barriers to adoption of new technology and equipment is the major challenge that affects the growth of the market. Offshore helicopters play a crucial role in facilitating access to offshore wind farms and providing emergency medical assistance and emergency response capabilities. Vendors supplying medium helicopters for offshore applications must comply with stringent regulatory requirements set by government agencies and aviation authorities. The integration of advanced technologies in offshore helicopters poses challenges such as high costs, certification requirements, and the need for expertise.
Thus, technological innovations undergo rigorous testing and evaluation before certification to ensure safety protocols are met. Despite these challenges, prominent manufacturers and MRO service providers continue to invest in the development of technologically advanced offshore helicopters to enhance maneuverability and improve overall performance. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The oil and gas segment is estimated to witness significant growth during the forecast period. The offshore helicopters market plays a crucial role in facilitating transportation and logistical support for various offshore operations, including search and rescue, wind energy, marine research, and emergency services. Unmanned aerial vehicles (UAVs) are increasingly being integrated into these operations for aerial surveys and reconnaissance.
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The oil and gas segment accounted for USD 15.55 billion in 2018. Digitalization is transforming the industry, with operators leveraging technology for real-time data analysis and improved operational efficiency. Exploration activities at offshore rigs require extensive logistical support. Helicopters enable personnel and supplies to reach remote locations, ensuring the safety and productivity of these operations. Maritime operations, including cargo transport and aerial surveys, also benefit from helicopter capabilities. Regulatory complexities and travel restrictions pose challenges to the offshore helicopters market. Operators must navigate strict safety regulations and comply with environmental considerations to ensure sustainable practices. Large helicopters, with their superior fleet capabilities and operational efficiency, are well-positioned to meet the demands of the offshore industry.
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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The offshore helicopters market plays a pivotal role in facilitating transportation and logistics for various offshore industries, including search and rescue, wind energy, marine research, and emergency services. Helicopters enable efficient operations in offshore locations, providing vital logistical support for personnel and supplies. Unmanned aerial vehicles (UAVs) are also increasingly being integrated into offshore operations for aerial surveys and inspection tasks. Digitalization and advanced avionics are transforming the offshore helicopters market, enhancing safety features, operational efficiency, and sustainable practices. The market supports maritime operations by providing crew transportation, logistical support, and aerial surveys for wind energy installations, exploration activities, and other offshore projects. Fleet capabilities, safety features, and sustainable practices are essential factors influencing market growth and competitiveness.
The market forecast research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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Offshore helicopters play a crucial role in transportation and logistics for various industries, including search and rescue, wind energy, marine research, emergency services, and exploration activities. These helicopters facilitate operations at offshore rigs and wind energy installations, providing essential personnel and supply transport. Unmanned aerial vehicles (UAVs) are also gaining popularity for aerial surveys and logistical support. Digitalization is transforming offshore helicopter market operations, with avionics and safety features becoming increasingly advanced. Safety concerns remain a top priority, with stringent safety standards ensuring operational efficiency and crew transportation.
Further, key players in the market include Ecocopter, ENAP, Equinor, and Petrobras. The offshore wind industry and maritime operations rely heavily on these helicopters for transporting personnel, supplies, and conducting aerial surveys. Sustainable practices and environmental considerations are becoming increasingly important in the offshore helicopter market. Operators are focusing on reducing carbon emissions and minimizing noise pollution to mitigate the impact on the environment. Operating costs and regulatory complexities are significant challenges for the offshore helicopter market. Travel restrictions and large helicopter sizes also pose operational challenges. Despite these challenges, the market is expected to grow due to the increasing demand for offshore wind energy and the need for efficient logistical support in offshore locations. Passenger transport, goods transport, and search and rescue services are essential components of a comprehensive transportation system that ensures safety, mobility, and the efficient movement of people and products.
Market Scope |
|
Report Coverage |
Details |
Page number |
138 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 4.46 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key countries |
UK, US, Australia, China, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abu Dhabi Aviation Co., Airbus SE, ASG Helicopter Services, Babcock International Group Plc, The Boeing Co., Bristow Group Inc., Canadian Helicopters Ltd., CHC Group LLC, Cougar Helicopters Inc., Gulf Helicopters Co., Heligo Charters Private Ltd., Leonardo Spa, Lockheed Martin Corp., Omni Helicopter International SA, PHI Group Inc., Shell plc, and Textron Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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