Global Offshore Helicopter Services Market Outlook to 2028

Global Offshore Helicopter Services Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0194

About the Report

The market for Offshore Helicopter Services is expected to witness a rapid growth during the forecast period due to the increase in offshore deep-water exploration and development activities. Among all the major regions, North America emerges as the largest market.
 

Growing offshore deepwater and ultra-deepwater exploration and development activities is the primary driver for the offshore helicopter services market in the forecast period. The recent offshore oil and gas discoveries and upcoming projects in Guyana, Cyprus and Russia are expected to boost the helicopter services market for crew transfer and other support activities.
 

As the challenge of meeting global sustainable energy goals increase, it becomes more crucial for countries to adopt the available and affordable low carbon technologies such as wind power. Offshore wind farm provides advantages such as the wind speeds at offshore farm locations are typically faster and also more consistent as compared to those closer to the coast which improve energy generation, and therefore offshore wind farms installations are gaining rapid momentum with in turn is boosting the helicopter services market for offshore installation and service of wind farms in the forecast period. The high growth of the offshore wind farm is seen in Europe and Asia-Pacific. In 2019, Europe added 3,627 MW of offshore wind turbine capacity totalling to installing 22,072 MW from 5,047 grid-connected wind turbines across 12 countries (which included Germany, UK, Belgium and Denmark).
 

As the market for offshore helicopter services is slowly improving, US-based companies (which included all the three market leader companies) have availed the Chapter 11 bankruptcy policy to survive in the market by restructuring their debts. For instance, in October 2019, Bristow Group Inc. emerged from Chapter 11 bankruptcy protection, completing its debt restructuring process and implementing the Chapter 11 reorganisation plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Bristow has reduced its debt significantly and is emerging with $535 million of new capital, which it believes will provide significant financial flexibility to support its global operations.
 

The global offshore helicopter services market is segmented on the type, application and end-user industry. The type segments the market into the light helicopters and medium & heavy helicopters. By application, it is segmented into drilling, production, relocation & decommissioning, and others. By end-user industry, it is segmented into the oil & gas industry and offshore wind power industry. Further, the market for Offshore Helicopter Services is segmented by geography into North America, Europe, Asia Pacific, South America, and Middle-East & Africa. Asia-Pacific is expected to have higher growth for Offshore Helicopter Services market in the forecast period owing to promising exploration activities in China, India, Australia and Indonesia due to favourable policies and investments in the region. For instance, Reliance Industries Limited (RIL) and BP together are developing gas resource at Block KG D6, offshore the east coast of India with a total investment of INR 35,000 crore (USD 5 bn). These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream, phased over 2020-2022.
 

Some of the prominent players in the offshore helicopter services market are Bristow Group Inc., CHC Helicopter, Era Group Inc., PHI Inc., Babcock International, Abu Dhabi Aviation (ADA), Cougar Helicopters Inc., Heligo Charters PVt. Ltd (HCPL), Gulf Helicopters Company (GHC), and Omni Helicopters International S.A.
 

In January 2020, Bristow Group Inc and Era Group Inc. announced that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification. The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the United Kingdom and Australia for offshore aviation transportation and search and rescue solutions.
 

In March 2019, Macquarie Rotorcraft Leasing completed the acquisition of a helicopter portfolio from Waypoint Leasing Holdings Ltd. (Waypoint) and its subsidiaries. The portfolio acquired from Waypoint comprises 120 medium and heavy helicopters leased to approximately 30 operators as well as a number of firm and option order positions with Airbus Helicopters. Former Waypoint staff are transferring to Macquarie Rotorcraft Leasing, further extending the scale and capability of Macquarie’s existing asset management platform.

 

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type
    • 5.1.1 Light Helicopters
    • 5.1.2 Medium and Heavy Helicopters
  • 5.2 By Application
    • 5.2.1 Drilling
    • 5.2.2 Production
    • 5.2.3 Relocation and Decommissioning
    • 5.2.4 Others

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 South America
  • 6.5 Rest of the World

7. Key Company Profiles

  • 7.1 Bristow Group Inc.
  • 7.2 CHC Helicopter
  • 7.3 Era Group Inc.
  • 7.4 PHI Inc..
  • 7.5 Babcock International
  • 7.6 Abu Dhabi Aviation (ADA)
  • 7.7 Cougar Helicopters Inc.
  • 7.8 Heligo Charters PVt. Ltd (HCPL)
  • 7.9 Gulf Helicopters Company (GHC)
  • 7.10 Omni Helicopters International S.A.
  • List of companies not exhaustive

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

• Become familiar with critical thematic, industry-wide trends and make informed decisions.

• Explore trends that impact your industry and also know about the significant upcoming offshore upstream projects.

• Understand the market dynamics and determine which geographies and segments you need to target for business growth.

• Capitalise on growth opportunities to build a strong market position.

• Assess the current market size and revenue forecasts as an essential part of devising your business plans and strategy.

• Be better informed of your competition by gaining access to detailed information and analysis of key industry players.

• Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position. 

  Who need this report?

• Offshore helicopter manufacturers
• Offshore Helicopter Services Provider
• Offshore Upstream Companies
• Investor Community
• Financing Companies
• Government Bodies & Industry Organizations
• Energy Engineering, Procurement, and Construction (EPC) firms
• Others

  Tables and charts

Global Offshore Helicopter Services Market Revenue, in USD billion, 2019-2025

Global Offshore Helicopter Services Market Revenue Share, by Type, 2019

Global Offshore Helicopter Services Market Revenue Share, by Application, 2019

Global Offshore Helicopter Services Market Revenue Share, by End User Industry, 2019

Global Offshore Helicopter Services Market Revenue Share, by Region, 2019

Light Helicopters - Market Revenue, in USD billion, 2019-2025

Medium and Heavy Helicopters - Market Revenue, in USD billion, 2019-2025

Drilling - Market Revenue, in USD billion, 2019-2025

Production - Market Revenue, in USD billion, 2019-2025

Relocation and Decommissioning - Market Revenue, in USD billion, 2019-2025

Others

Others - Market Revenue, in USD billion, 2019-2025

Oil and Gas Industry - Market Revenue, in USD billion, 2019-2025

Offshore Wind Power Industry - Market Revenue, in USD billion, 2019-2025

Global offshore oil and gas production, 2019–2025

List of top 10 discovered offshore Oil and Gas reserve, 2019

Detailed list of Tables and Charts are available in the full report.

  What's included

Report - Global Offshore Helicopter Services Market Outlook to 2028.pdf
Market Data - Global Offshore Helicopter Services Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Offshore Helicopter Services Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Offshore Helicopter Services Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Want to know about Current Offers?

Offer 1 - Save with Multiple Purchases - Buy two reports or more and instantly save up to 15% off.

Offer 2 - Introductory offer for new customers - Flat 10% off on your first purchase.

To learn more about the report and our other current offers, contact us here or You can send an email to sales@blackridgeresearch.com

  Analyst access from Blackridge Research

All report purchases come with up to 60 minutes of phone time with an expert analyst who will assist you in connecting the report's key findings to the business issues you're dealing with. This must be used within three months of the report's purchase.

The above telephone time is excluding the post-purchase analyst support for any queries that you may have up to one year.

  Free Report Customization

We offer free customization of value USD 1500 for every report that you purchase. Get in touch with us to know more about free customization and our exciting custom research services.

  Further information

If you have any questions about this market research study, please do not hesitate to contact our research team using the top Contact us button, or you may also reach out at research@blackridgeresearch.com or call one of our Business Development managers:

AMERICAS (USA): +1 (917) 993 7467

ASIA (India): +91 8500 460 460

  Common Questions

You can purchase the report directly by selecting the licence type above and paying with a credit or debit card. Please contact sales@blackridgeresearch.com for other payment options.
We can provide quarterly and half yearly report updates. Please contact sales@blackridgeresearch.com for more information.
Single User License
The Single User License will provide access to only one user.

Team User License
The Team License will provide access only up to 7 users. This is great for a team.

Corporate License
This Premium package is ideal for large companies. By having Corporate license, any employee of your organization or its subsidiaries can access the report. You will also receive free industry update after six months and also a white label powerpoint presentation.
Yes, if you'd like to select certain sections of the report, please contact sales@blackridgeresearch.com
The report publication process involves several steps: Secondary Research, Discussion Guide Preparation, Primary Research (interviews, surveys, among others), Data Triangulation, Market Engineering, Data Validation, and Report Writing. One of the research specialists will explain the research process in detail. For more details about the report methodology, contact us at research@blackridgeresearch.com.
If for any reason you're not satisfied with the report, just email us at support@blackridgeresearch.com. We will make sure it's resolved!
We're here to help from day one, with 24/6 outstanding support. For report purchases, we will provide post-purchase analyst support for any queries that you may have related to report up to one year.
Sujith

Got a Question?

Sujith will help you find what you are looking for.

Call: +1 (917) 993 7467
+91 8500 460 460

Some of our clients

Haven’t found what you’re looking for?

More than 70% of our clients seek customized reports. Reach us out to get yours today!

Please Enter Business Email Address

By clicking "Submit" you are indicating that you have read and agree to be bound by the Blackridge Terms of Service and Privacy Policy.