Off-shore Helicopters Market Size (2024 - 2029)

The off-shore helicopter market is experiencing growth, driven by the resurgence in oil and gas rig installation projects and the rising demand for fuel. Despite the moderate impact of the COVID-19 pandemic, the market stabilized and continued to expand in subsequent years. The trend of companies opting to lease helicopters rather than purchase them has also contributed to the market's expansion, enhancing its overall market size.

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Market Size of Off-shore Helicopters Industry

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Off-shore Helicopters Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Off-shore Helicopters Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Off-shore Helicopters Market Analysis

The Off-Shore Helicopter Market is expected to grow at a CAGR of 5% during the forecast period.

The COVID-19 pandemic had a moderate effect on the market. But the market became stable within a short time and has also grown in 2021 and 2022. With the increase in fuel prices and the increase in demand for fuel, companies have started new oil and gas rig installation projects, which has resulted in an increase in the off-shore helicopters market. Companies also opt for leasing the helicopters instead of purchasing them, which also generated revenue for the market, further resulting in market growth.

Off-shore Helicopters Industry Segmentation

The helicopters used over a large water body for a long duration are called offshore helicopters. The offshore helicopter market is segmented by weight, application, end-use industry, and geography. By weight, the market is segmented into Light, Medium and Heavy. By application, the market is segmented into search and rescue and transportation. By end-use industry, the market is segmented into Oil and Gas and Off-shore wind turbines. By Geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and the rest of the world. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD million).

By Weight
Light
Medium
Heavy
By Application
Search and Rescue
Transportation
By End-use Industry
Oil and Gas Industry
Offshore Wind Turbines
By Geography
North America
United States
Canada
Europe
Germany
United Kingdom
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa
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Off-shore Helicopters Market Size Summary

The offshore helicopter market is poised for growth, driven by increasing demand in the oil and gas sector. The market experienced a moderate impact from the COVID-19 pandemic but quickly stabilized and continued to expand in subsequent years. The rise in fuel prices has prompted companies to initiate new oil and gas rig projects, thereby boosting the demand for offshore helicopters. This demand is further supported by a trend towards leasing helicopters rather than purchasing them outright, which has contributed to market revenue. The oil and gas segment dominated the market in 2022 and is expected to maintain its leading position throughout the forecast period, as companies continue to install offshore stations for resource extraction, necessitating reliable crew and cargo transportation solutions.

In addition to the oil and gas sector, the offshore helicopter market is experiencing growth in the Asia-Pacific region, driven by increased extraction activities and the need for search and rescue operations. Regional companies are also innovating with uncrewed helicopters for offshore use. The market is moderately consolidated, with key players like Airbus SE, Leonardo SpA, and Textron Inc. actively expanding their fleets and securing long-term contracts to support offshore operations. These developments, along with strategic partnerships and new helicopter deliveries, are expected to sustain steady market growth over the forecast period.

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Off-shore Helicopters Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Weight

      1. 2.1.1 Light

      2. 2.1.2 Medium

      3. 2.1.3 Heavy

    2. 2.2 By Application

      1. 2.2.1 Search and Rescue

      2. 2.2.2 Transportation

    3. 2.3 By End-use Industry

      1. 2.3.1 Oil and Gas Industry

      2. 2.3.2 Offshore Wind Turbines

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 Russia

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Mexico

        3. 2.4.4.3 Rest of Latin America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle East and Africa

Off-shore Helicopters Market Size FAQs

The Off-shore Helicopters Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Airbus SE, Textron Inc, Leonardo SpA, Lockheed Martin and Russian Helicopters are the major companies operating in the Off-shore Helicopters Market.

Off-shore Helicopters Report Snapshots

Off-shore Helicopters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)