The term "offshore helicopter services" describes the use of helicopters to support operations in the offshore oil and gas business as well as other offshore industries including wind energy, maritime research, and emergency services. These activities include transportation, logistics, search and rescue, and other tasks. These services are essential to offshore businesses running well. They offer personnel and equipment transportation to and from offshore installations, vessels, and platforms in a timely, safe, and effective manner. Pre-flight inspections, safety briefings, flight planning, passenger and cargo loading and unloading, and other tasks are all included in these services. Offshore helicopter services have been more popular recently since they guarantee operational safety and efficiency and improve situational awareness, which lowers the number of accidents and operating expenses.
According to SPER market research, ‘Offshore Helicopter Services Market Size- By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Offshore Helicopter Services Market is estimated to reach USD 5.36 billion by 2033 with a CAGR of 6.23%.
One of the main drivers of the global offshore helicopter services market's growth is the growing need for offshore wind energy installations. There has been a noticeable global upsurge in the construction of offshore wind farms as a result of the increased focus on renewable energy. Offshore helicopter services are essential to the creation, upkeep, and continuous operation of these remote locations since they make it easier to get personnel and equipment there. The offshore wind industry's growing demand is one of the main factors driving the market expansion for helicopter services.
Given the number of incidents that have been documented in the past, the safety record of helicopters is a serious problem. The industry's expansion and service demand may be impacted by safety issues surrounding offshore helicopter services. The offshore helicopter services sector is also anticipated to be hampered by the high operating expenses. Fuel, maintenance, insurance, and other factors pose a serious threat to the market's expansion. Furthermore, because national regulatory frameworks differ, operators are subject to a variety of safety and operating laws. Because of this, it is challenging for service providers to operate in various areas. In addition, the market is expanding as a result of the widespread integration of real-time data, artificial intelligence, and the Internet of Things in helicopter services, which improve safety and help pilots make decisions while in flight.
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The global travel restrictions, lockdowns, and decreased economic activity caused by the COVID-19 pandemic had a substantial impact on the industry since they decreased demand for transport services across several sectors. The pandemic had an impact on business travel as virtual meetings and working from home gained popularity. A significant slowdown occurred in the oil and gas industry, which is a major user of offshore helicopter services, as a result of decreased demand and declining oil prices. Similar challenges were faced by the supply chain disruptions and project delays impacting the installation and upkeep of wind farms. Consequently, there was a temporary decrease in the helicopter services needed to maintain these offshore wind farms.
Offshore Helicopter Services Market Key Players:
The market is dominated by North America. Europe possesses the second-largest market share. The market with the quickest growth is Asia Pacific. The major companies in the market include Gulf Helicopters, Airbus SE, Bristow Group Inc., CHC Helicopter, Falcon Aviation Services, and Heligo Charters Pvt. Ltd.
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Offshore Helicopter Services Market Outlook
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