Europe Offshore Helicopter Services Market Size (2024 - 2029)

The Europe offshore helicopter services market is anticipated to experience growth driven by factors such as increased deep-water offshore development, rising decommissioning activities, and enhanced viability of offshore oil and gas projects. Technological advancements have contributed to the efficiency and reliability of modern helicopters, supporting market expansion. Despite facing competition from more cost-effective crew transfer vessels, the oil and gas sector is projected to lead the market due to heightened offshore exploration and production activities. Additionally, the offshore wind industry presents significant opportunities for market growth, as the demand for helicopter transportation to distant wind farms increases. Norway is expected to be a key player in the market due to its substantial offshore oil and gas exploration and production activities.

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Market Size of Europe Offshore Helicopter Services Industry

Europe Offshore Helicopter Services Market
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.50 %
Market Concentration Low

Major Players

Europe Offshore Helicopter Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Offshore Helicopters Market Analysis

The Europe offshore helicopter services market is expected to grow at a CAGR of more than 4.5% during the forecast period of 2020 - 2025. Factors such as rising deep-water offshore development activity, increasing decommissioning activities, and improved viability of offshore oil and gas projects are expected to be major drivers driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern helicopters, has been a significant factor for the growth of the Europe offshore helicopter services market. However, competition from less expensive crew transfer vessels has somewhat hampered the growth of the market.

  • The oil & gas industry sector is expected to dominate the market in the forecast period, owing to factors like increasing offshore exploration and production activity to compensate for declining onshore oil & gas fields and rise in the number of decommissioning projects.
  • The offshore wind industry is expected to provide an excellent opportunity for the Europe offshore helicopter services market in the forecast period. With the growth in offshore wind power generation, there arises the need for transportation to offshore structures. This requirement is being increasingly and reliably fulfilled by helicopters. Unlike the earlier offshore wind farms that had easier access to boats, the newly built wind farms are located farther, thus making helicopters a viable option for such transportation requirements.
  • Norway is expected to dominate the market, over rising offshore oil & gas exploration and production. The country is the biggest oil& gas producer in the region.

Europe Offshore Helicopters Industry Segmentation

The Europe offshore helicopter services market report include:

Type
Light Helicopters
Medium and Heavy Helicopters
End-user Industry
Oil & Gas Industry
Offshore Wind Industry
Other End-user Industries
Application
Drilling
Production
Relocation and Decommissioning
OtherApplications
Geography
United Kingdom
Norway
Netherlands
Rest of Europe
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Europe Offshore Helicopter Services Market Size Summary

The Europe offshore helicopter services market is poised for growth, driven by increasing deep-water offshore development activities and the rising need for decommissioning projects. Technological advancements have enhanced the efficiency and reliability of modern helicopters, further propelling market expansion. Despite competition from more cost-effective crew transfer vessels, the market is expected to thrive, particularly within the oil and gas sector, which remains the dominant force due to ongoing offshore exploration and production activities. The sector's reliance on offshore helicopters for crew transportation, especially in regions like the United Kingdom and Norway, underscores its significance. Norway, in particular, is anticipated to lead the market, bolstered by its robust offshore oil and gas exploration efforts and favorable government policies.

The offshore wind industry presents a promising opportunity for the Europe offshore helicopter services market, as the demand for transportation to increasingly distant offshore wind farms grows. This shift from accessible boat routes to helicopter transportation is driven by the need to service newer, more remote wind farms. Norway's proactive stance in offshore wind development, alongside its ongoing oil and gas exploration, is expected to further stimulate market growth. The market is moderately concentrated, with key players such as Bristow Group Inc., CHC Group Ltd., and Airbus SE playing significant roles. As the market evolves, the interplay between oil and gas exploration, decommissioning activities, and renewable energy developments will shape the future landscape of offshore helicopter services in Europe.

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Europe Offshore Helicopter Services Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Light Helicopters

      2. 2.1.2 Medium and Heavy Helicopters

    2. 2.2 End-user Industry

      1. 2.2.1 Oil & Gas Industry

      2. 2.2.2 Offshore Wind Industry

      3. 2.2.3 Other End-user Industries

    3. 2.3 Application

      1. 2.3.1 Drilling

      2. 2.3.2 Production

      3. 2.3.3 Relocation and Decommissioning

      4. 2.3.4 OtherApplications

    4. 2.4 Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 Norway

      3. 2.4.3 Netherlands

      4. 2.4.4 Rest of Europe

Europe Offshore Helicopter Services Market Size FAQs

The Europe Offshore Helicopter Services Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Bristow Group Inc. , CHC Group Ltd. , Abu Dhabi Aviation Airways PJSC (Abu Dhabi Aviation) , Babcock International Group PLC and Airbus SE are the major companies operating in the Europe Offshore Helicopter Services Market.

Europe Offshore Helicopter Market Report Snapshots

Europe Offshore Helicopter Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)