Market Size of North America Offshore Helicopter Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Offshore Helicopter Services Market Analysis
The North American offshore helicopter services market is estimated to be at USD 680.12 million by the end of this year and is projected to reach USD 808.29 million in the next five years, registering a CAGR of over 3.51% during the forecast period.
- Over the medium term, factors such as rising deep-water offshore development activity and the improved viability of offshore oil and gas projects are expected to be major drivers of the market.
- On the other hand, the growth of the market was slowed by competition from crew transfer ships that were less expensive.
- Nevertheless, the explosive growth of the new North American offshore wind market is likely to give the market a big chance to grow after the forecast period is over.
- The United States is expected to dominate the market due to rising offshore oil and gas exploration and production.
North America Offshore Helicopter Services Industry Segmentation
Offshore helicopter services are primarily provided by helicopter operators to transport oil and gas and wind turbine crews to offshore installations.
The North American offshore helicopter services market is segmented by type, end-user, application, and geography. By type, the market is segmented into light helicopters, medium helicopters, and heavy helicopters. By end-user, the market is segmented into the oil and gas industry, the offshore wind industry, and other end-user industries. By application, the market is segmented into drilling, production, relocation and decommissioning, and other applications. The report also covers the size and forecasts of the offshore helicopter market across the major countries in the countries. For each segment, market sizing and forecasts have been done based on revenue (USD).
| Type | |
| Light Helicopters | |
| Medium and Heavy Helicopters |
| End-user Industry | |
| Oil and Gas Industry | |
| Offshore Wind Industry | |
| Other End-user Industries |
| Application | |
| Drilling | |
| Relocation and Decommissioning | |
| Production | |
| OtherApplications |
| Geography | |
| United States | |
| Canada | |
| Rest of North America |
North America Offshore Helicopter Services Market Size Summary
The North American offshore helicopter services market is poised for growth, driven by increasing deep-water offshore development activities and the enhanced feasibility of offshore oil and gas projects. Despite facing competition from more cost-effective crew transfer ships, the burgeoning offshore wind market in North America presents significant growth opportunities. The United States is expected to lead the market, bolstered by its expanding offshore oil and gas exploration and production activities. The offshore wind sector, in particular, is anticipated to experience substantial growth, with numerous large-scale wind farms under construction, thereby significantly boosting the demand for offshore helicopter services in the coming years.
The offshore wind energy market in the United States is supported by state-driven policies and initiatives, aiming to expand offshore wind energy capacity significantly by 2040. The introduction of new lease areas and the potential for floating offshore wind projects are set to diversify and increase the regions suitable for offshore wind energy, further driving the need for helicopter services. Concurrently, the offshore oil and gas industry is shifting towards deeper water exploration, necessitating medium and heavy helicopters, while the demand for smaller helicopters is expected to decline. The market is moderately consolidated, with key players like Bristow Group Inc., Era Group Inc., and others actively participating in the sector's growth.
North America 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 billion, until 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Rising Deep-Water Offshore Development Activity
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1.5.1.2 Improved Viability of Offshore Oil and Gas Projects
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1.5.2 Restraints
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1.5.2.1 Competition from Crew Transfer Ships
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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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 Application
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2.3.1 Drilling
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2.3.2 Relocation and Decommissioning
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2.3.3 Production
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2.3.4 OtherApplications
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2.4 Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Rest of North America
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North America Offshore Helicopter Services Market Size FAQs
What is the current North America Offshore Helicopter Services Market size?
The North America Offshore Helicopter Services Market is projected to register a CAGR of 3.51% during the forecast period (2024-2029)
Who are the key players in North America Offshore Helicopter Services Market?
Bristow Group Inc. , Era Group Inc. (ERA)- , Cougar Helicopters Inc., CHC Group Ltd. and Textron Inc. are the major companies operating in the North America Offshore Helicopter Services Market.
