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South America Offshore Helicopter Services Market Size (2024 - 2029)

The South American offshore helicopter services market is anticipated to experience growth, driven by increased oil and gas exploration and subsea wind power installations. Despite the challenges posed by technological advancements like automated drilling rigs, which may reduce helicopter trips, the market has rebounded to pre-pandemic levels. The expansion of offshore wind installations, particularly in Brazil, presents future opportunities for the market. Brazil is projected to dominate the region's offshore helicopter services due to its numerous offshore projects.

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Market Size of South America Offshore Helicopter Services Industry

South America Offshore Helicopter Services Market - Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR < 2.00 %
Market Concentration Medium

Major Players

South America Offshore Helicopter Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Offshore Helicopter Services Market Analysis

The South American offshore helicopter services market is expected to register a CAGR of 2% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic in 2020. However, the market has now reached pre-pandemic levels.

Factors, such as an increase in oil and gas exploration in deep water and subsea wind power installation, are expected to drive the South American offshore helicopter services market's growth during the forecast period. However, advancements in technologies, such as automated drilling rigs, are expected to affect the market's growth as the number of trips made by helicopters offshore decreases. Nevertheless, the increasing offshore wind installation in Brazil is expected to create an opportunity for the South American offshore helicopter services market in the future.

Due to its numerous offshore projects, Brazil is expected to be the largest offshore helicopter service in South America.

South America Offshore Helicopter Services Industry Segmentation

Offshore helicopter services are the practice of monitoring and inspecting oil rigs and the transportation of goods and passengers. Medium, heavy, and light are some of the commonly used types of helicopters in these services. 

The South American offshore helicopter services market is segmented by weight-carrying capacity, end-user industry, and application. The report also covers the market size and forecasts for the oil and gas pipeline market across the major region or countries. For each segment, the market size and forecasts have been done based on USD billion.

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South America Offshore Helicopter Services Market Size Summary

The South American offshore helicopter services market is poised for growth, driven by increased oil and gas exploration activities in deep water and the installation of subsea wind power projects. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Brazil is expected to lead the market due to its numerous offshore projects, including deepwater and ultra-deep-water explorations, which offer more attractive return investment periods compared to onshore projects. The development of the Libra oil field in the Santos Basin, one of Brazil's largest oil fields, highlights the critical role of offshore helicopter services in supporting these expansive projects. Despite technological advancements like automated drilling rigs potentially reducing helicopter trips, the burgeoning offshore wind installations in Brazil present new opportunities for market expansion.

The market landscape is moderately consolidated, with key players such as Airbus Group SE, Leonardo SpA, Lockheed Martin Corporation, Bristow Group Inc., and CHC Helicopter actively participating. Brazil's dominance in the market is further reinforced by its significant crude oil production and the discovery of large offshore pre-salt oil deposits, positioning the country as a leading petroleum producer. The region's offshore activities, including upcoming wind energy projects, are expected to sustain the demand for helicopter services. Notable developments, such as the completion of oil exploration tests by China National Petroleum Corp and Petrobras in Brazil's Santos Basin, underscore the ongoing investment and growth potential in the South American offshore helicopter services market.

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South America 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 2027

    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 Force 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

South America Offshore Helicopter Services Market Size FAQs

The South America Offshore Helicopter Services Market is projected to register a CAGR of less than 2% during the forecast period (2024-2029)

Airbus Group SE , Leonardo SpA., Bristow Group and Lockheed Martin Corporation are the major companies operating in the South America Offshore Helicopter Services Market.

South America Offshore Helicopter Services Market Report Snapshots

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