Market Size of North Sea Offshore Helicopter Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North Sea Offshore Helicopter Services Market Analysis
The north sea offshore helicopter services market is expected to grow at a CAGR of more than 2% in the forecast period of 2022-2027. During the pandemic, a sharp decline in offshore activity severely impacted the oil & gas and offshore wind farm industry. This can be ascribed to the lower demand for oil & gas in the worldwide market and decreased investment in offshore wind projects. However, post-pandemic governments and companies investing in offshore activities are expected to drive the offshore helicopter services market in the near future. However, declining offshore oil & gas activity in the north sea is anticipated to restrain the north sea offshore helicopter services market.
- The offshore wind farm segment is anticipated to grow with a high CAGR during the forecast period, leading to increased demand for helicopter services for new installation and maintenance of existing wind farms. Thus increased investment in offshore wind farms is likely to drive the market during the forecast period.
- New discoveries of oil fields in the north sea region and private companies investing in oil & gas exploration and production are anticipated to drive the market.
- The United Kingdom is expected to be leading country in helicopter services market, owing to the presence of higher number of ongoing projects during the forecast period.
North Sea Offshore Helicopter Services Industry Segmentation
The Scope of the North Sea Offshore Helicopter Services Market:-
| Type | |
| Light Helicopters | |
| Medium and Heavy Helicopters |
| End-user Industry | |
| Oil and Gas Industry | |
| Offshore Wind Industry | |
| Other End-user Industries |
| Geography | |
| The United Kingdom | |
| Norway | |
| Denmark | |
| Germany | |
| the Netherlands | |
| Belgium | |
| France |
North Sea Offshore Helicopter Services Market Size Summary
The North Sea Offshore Helicopter Services Market is poised for growth, driven by increased investments in offshore wind farms and oil & gas exploration. The market experienced a downturn during the pandemic due to reduced offshore activities, but post-pandemic recovery is expected to boost demand for helicopter services. The offshore wind farm segment is anticipated to expand significantly, necessitating helicopter services for the installation and maintenance of wind farms. This growth is supported by new oil field discoveries and private sector investments in the region. The United Kingdom is expected to lead the market, benefiting from numerous ongoing projects and government support for offshore wind energy development.
The North Sea region is a pivotal area for offshore wind energy projects, with countries like Belgium, Denmark, Germany, the Netherlands, and the United Kingdom leading in installations. The region's favorable conditions and strategic initiatives, such as the North Sea Agreement, aim to enhance offshore wind capacity significantly. The United Kingdom, as a major offshore energy producer, is investing heavily in wind projects to meet ambitious climate targets and reduce reliance on Russian energy. Additionally, ongoing investments in oil & gas fields further drive the demand for helicopter services. The market is moderately competitive, with key players like Bristow Group Inc. and Heli Service International GmbH actively expanding their services to cater to both military and civilian needs.
North Sea Offshore Helicopter Services Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2025
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1.3 Historic and Demand Forecast of Offshore Drilling Rigs in Numbers, till 2025
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1.4 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Water Depth, 2015-2025
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1.5 Demand Forecast of Offshore CAPEX in USD billion, by Region, 2018-2025
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1.6 Major Upcoming Offshore Upstream Projects
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1.7 Offshore Support Fleets, by Helicopter Type, 2015-2018
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1.8 Recent Trends and Developments
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1.9 Government Policies and Regulations
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1.10 Market Dynamics
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1.10.1 Drivers
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1.10.2 Restraints
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1.11 Supply Chain Analysis
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1.12 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Light Helicopters
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2.1.2 Medium and Heavy Helicopters
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2.2 End-user Industry
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2.2.1 Oil and Gas Industry
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2.2.2 Offshore Wind Industry
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2.2.3 Other End-user Industries
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2.3 Geography
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2.3.1 The United Kingdom
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2.3.2 Norway
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2.3.3 Denmark
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2.3.4 Germany
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2.3.5 the Netherlands
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2.3.6 Belgium
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2.3.7 France
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North Sea Offshore Helicopter Services Market Size FAQs
What is the current North Sea Offshore Helicopter Services Market size?
The North Sea Offshore Helicopter Services Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in North Sea Offshore Helicopter Services Market?
Bristow Group Inc., NSEG, Heli Service International GmbH, WIKING Helikopter Service GmbH and The British International Helicopter are the major companies operating in the North Sea Offshore Helicopter Services Market.
