Offshore Helicopter Services Market Growth, Technology Advancements and Business Scope 2021 to 2025

The report presents an in-depth assessment of the Offshore Helicopter Services Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Offshore Helicopter Services from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The market for offshore helicopter services is expected to grow at a CAGR of more than 1.93% during the forecast period of 2020 - 2025. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Offshore Helicopter Services Market: Service Providers, Bristow Group Inc., CHC Group Ltd, Era Group Inc. (ERA), PHI Inc., Abu Dhabi Aviation Airways PJSC (Abu Dhabi Aviation), Helicopter Manufacturers, Airbus SE, Leonardo SpA, Textron Inc., Lockheed Martin Corporation and others.

Market Overview:

A further decline in offshore oil and gas activities, through re-engineering and cost-cutting measures by offshore oil and gas operators, have resulted in improved viability of offshore oil and gas projects, especially in deepwater regions. The low dayrates of crew transfer vessel, coupled with lack of offshore oil and gas activities, have forced the helicopter service providers to reduce their dayrates, which negatively impacted their annual revenue. As the offshore wind power industry is moving toward the deeper and harsher environments, the demand for the wind turbine maintenance activity and in turn, offshore helicopters services for the offshore wind industry is expected to increase.
- The recent discovery and upcoming projects in Mediterranean, Guyana, and East Africa are expected to be relatively new and attractive markets for the offshore helicopter services, creating an opportunity for service providers to expand their market presence.

Regional Analysis For Offshore Helicopter Services Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Offshore Wind Power Industry Expected to Witness Fastest Growth
- Many of the earlier offshore wind farms were installed close to the land, and are easily accessible by boat. However, the newly built offshore wind farms are located farther from the shore, and helicopters are becoming an economical option for the transportation of crew members to and from the installations. This has created new business areas for offshore helicopter services.
- The offshore helicopter services are mainly used for transferring the crew to the platforms for the maintenance of the wind turbines. As the offshore wind turbines face rougher and more corrosive environments, the offshore wind farms require more frequent maintenance.
- As the offshore wind power industry is moving toward the deeper and harsher environments, the demand for the wind turbine maintenance activity and in turn, offshore helicopters services for the offshore wind industry is increasing.
- Historically, the offshore wind power industry had been dominated by the European countries, such as Denmark, Germany, and the United Kingdom. But Asian countries, such as China, Taiwan, and India have also announced plans to develop the domestic offshore wind sector, which in turn, is expected to drive the geographical expansion of the helicopter services market for wind farms during the forecast period.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Offshore Helicopter Services Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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