The global helicopter services market was valued at USD 31.9 billion in 2022 and it is anticipated to grow further till USD 49.7 billion by 2032, at a CAGR of 4.5% during the forecast period.
Helicopter services is a type of air transportation that uses helicopters to transport people or goods. Helicopter services can be used for a variety of purposes, including medical transportation, search and rescue operations, and disaster relief. Helicopter services can be provided by private companies or by government agencies.
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Market Drivers and Trends
The key drivers of the helicopter services market are the growing demand for on-demand transportation, the need for efficient transportation in remote areas, and the increasing number of air ambulance services.
The on-demand transportation segment is expected to grow at the highest CAGR during the forecast period. The demand for on-demand transportation has increased due to the growing need for efficient transportation in remote areas. On-demand transportation includes transportation services that are provided on an as-needed basis. This type of transportation is generally used for short-distance travel.
The air ambulance services segment is expected to grow at the second-highest CAGR during the forecast period. The increasing number of air ambulance services is one of the key factors driving the growth of this segment. Air ambulance services are used to transport patients to hospitals in emergency situations. These services are provided by trained medical personnel and are equipped with life-saving equipment.
The remote areas segment is expected to grow at the third-highest CAGR during the forecast period. The need for efficient transportation in remote areas has increased due to the growing population in these areas. Helicopters are the most efficient means of transportation in remote areas as they can land in small spaces and are not affected by bad weather conditions.
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Major Players in the Global Helicopter Services Market
The key players studied in the report are MD Helicopters, Bristow Group Inc., CHC Group LLC, Era Group Inc., Falcon Aviation , Gulf Helicopters, Heliconia Group, Héli-Union, NHV Group and PHI, Inc. among others.
COVID-19 Impact
The COVID-19 pandemic has fundamentally altered the landscape of many industries, including aviation, healthcare, chemical, information and communications technology, and automotive. The majority of industries have already experienced COVID-19’s detrimental effects on their operations after 2020. After July 2020, hospitals, health insurance and aid providers, and independent end users increased their demand for helicopter emergency medical services (HEMS), according to the helicopter service providers. Yet, the COVID-19 pandemic may cause the market to change in the years to come.
Market Segmentation
By Type
- Light
- Medium
- Heavy
By Application
- Oil & Gas
- Medical Services
- Transport
- Law Enforcement & Public Safety
- Others
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