Offshore Helicopters Market by End-user and Geography - Forecast and Analysis 2022-2026

The offshore helicopters market share is expected to increase by USD 4.96 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.94%.

This offshore helicopters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers offshore helicopters market segmentation by end-user (oil and gas and offshore wind industry) and geography (Europe, APAC, North America, Middle East and Africa, and South America). The offshore helicopters market report also offers information on several market vendors, including 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 Inc., Shell plc, Textron Inc., and Abu Dhabi Aviation Co among others.

What will the Offshore Helicopters Market Size be During the Forecast Period?

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Offshore Helicopters Market: Key Drivers, Trends, and Challenges

The increased in offshore wind power plants is notably driving the offshore helicopters market growth, although factors such as barriers to the adoption of new technology and equipment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the offshore helicopters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Offshore Helicopters Market Driver

One of the key factors driving the global offshore helicopters market growth is the increase in offshore wind power plants. According to the IEA, the global economy is growing at 3.4% each year, while the global population is forecasted to grow from 7.4 billion in 2017 to 9 billion by 2040. The growth of the wind power market is driven by Europe and China and the growth of the offshore sector. The reduction of installation costs also propelled the offshore wind plants. Additionally, better risk management and the perceived level of maturity of renewables are facilitating financing from diverse sources. Thus, the use of renewable sources of energy is growing rapidly because of the increasing support and investments from governments. These factors will eventually boost the number of offshore wind installations. This will drive the growth of the global offshore helicopter market during the forecast period.

Key Offshore Helicopters Market Trend

Integration of big data with helicopter avionics is one of the key offshore helicopters market trends that is expected to impact the industry positively in the forecast period. With the emerging tools of big data analysis, an entire helicopter fleet can be monitored simultaneously to identify potential safety risks and ensure a safe journey for the passengers. For example, by the analysis of the flight data generated during the production cycle of helicopter components, the probable risks that could hamper the performance and cause malfunction in helicopter operations can be detected early. In addition, by harnessing big data, helicopter manufacturers can develop innovative solutions and services in their helicopters, such as reducing fuel consumption, which accounts for one-third of the total operating costs. Some helicopter manufacturers use health and usage monitoring system (HUMS) data to enhance the safety of helicopter travel. Such factors will further support the market growth in the coming years.

Key Offshore Helicopters Market Challenge

One of the key challenges to the global offshore helicopters market growth is the barriers to the adoption of new technology and equipment. Vendors offering products integrated with upgraded offshore helicopters are required to adhere to the stringent regulatory norms that are formulated by government agencies and aviation authorities. Adopting each new technology is impossible as it would result in the downtime of crafts. Several other challenges that come with the introduction of new technologies are the prohibitive costs, technology risks driven by certification requirements, and the required expertise. In addition, innovations require substantial backing and support from prominent manufacturers and MRO service providers in the airline market. Major players in the industry require a business incentive to support such innovations. Such factors will limit the market growth in the forecast period.

This offshore helicopters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global offshore helicopters market as a part of the global airlines market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the offshore helicopters market during the forecast period.

Who are the Major Offshore Helicopters Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 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 Inc.
• Shell plc
• Textron Inc.
• Abu Dhabi Aviation Co

 

This statistical study of the offshore helicopters market encompasses successful business strategies deployed by the key vendors. The offshore helicopters market is fragmented and the vendors are deploying growth strategies such as increased R and D investments to compete in the market.

Product Insights and News

• ASG Helicopter Services - The company offers helicopters under the brand name H145.
• Babcock International Group Plc - Under the marine segment, the company offers large-scale critical vehicle fleet management, equipment support, and training for military and civil customers globally.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The offshore helicopters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Offshore Helicopters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the offshore helicopters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Offshore Helicopters Market?

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43% of the market's growth will originate from APAC during the forecast period. Australia, China, and India are the key markets for offshore helicopters in APAC. Market growth in this region will be faster than the growth of the market in other regions. 

Europe is another potential market for offshore helicopters. The significant increase in the adoption of drilling automation solutions in offshore oil and gas projects will facilitate the offshore helicopters market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the growth of the regional market in 2020. However, the offshore wind energy segment has been witnessing growth during the pandemic, which stabilized the market. Thus, an increase in offshore wind power plants and oil and gas drilling will propel the growth of the regional offshore helicopters market during the forecast period.

What are the Revenue-generating End-user Segments in the Offshore Helicopters Market?

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The offshore helicopters market share growth by the oil and gas segment will be significant during the forecast period. The offshore helicopter market is expected to grow during the forecast years due to rising offshore exploration and development activities of new oil rigs in shallow water areas with growing crude oil demand.

This report provides an accurate prediction of the contribution of all the segments to the growth of the offshore helicopters market size and actionable market insights on post COVID-19 impact on each segment.

 

Offshore Helicopters Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.94%
Market growth 2022-2026	$ 4.96 billion
Market structure	Fragmented
YoY growth (%)	4.75
Regional analysis	Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 43%
Key consumer countries	US, Australia, China, India, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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 Inc., Shell plc, Textron Inc., and Abu Dhabi Aviation Co
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.

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What are the Key Data Covered in this Offshore Helicopters Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive offshore helicopters market growth during the next five years
• Precise estimation of the offshore helicopters market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the offshore helicopters industry across Europe, APAC, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of offshore helicopters market vendors

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