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Helicopter-Based Transportation Market: Major Trends Reshaping the Future of the Industry
Helicopter-Based Transportation
What Will the Helicopter-Based Transportation Industry Market Size Be by 2025?
In the last few years, the market size for helicopter-based transportation has seen a consistent rise. This is expected to continue with projected growth from $1.22 billion in 2024 to $1.26 billion in 2025, with a compound annual growth rate (CAGR) of 3.5%. Factors contributing to the growth during the historic period include urban air mobility (UAM) expansion, medical and emergency services, tourism, leisure activities, offshore oil, and gas operations, along with military and defense applications.
What's the Long-Term Growth Forecast for the Helicopter-Based Transportation Market Size Through 2029?
The size of the helicopter-based transportation market is projected to experience consistent expansion in the coming years, reaching an estimated value of $1.53 billion by 2029, with a compound annual growth rate (CAGR) of 4.9%. The increase during the predicted period is due to factors such as demand for on-demand services, environmental issues, infrastructure development programs, military and defense acquisitions, as well as offshore oil and gas operations. The forecast period will also see major tendencies like sustainability and green initiatives, the use of autonomous and unmanned helicopters, tourism and VIP transportation, advancements in military and defense sector, and applications in emergency services.
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What Are the Key Growth Drivers Fueling the Helicopter-Based Transportation Market Expansion?
The helicopter-based transportation market is likely to witness growth, driven by the rising usage of helicopters for various applications. Helicopters, which are aircraft devoid of wings and boasting one or two sets of large, rapidly rotating blades on top, have the ability to vertically take off and land as well as remain stationary in the air, making them a popular choice for transportation. Their diverse applications range from support for the energy and electricity sector, using them for transport and cargo logistics, participating in search-and-rescue operations, firefighting missions, to fulfilling military and government contracts. Moreover, the ease with which helicopters can take off and land has boosted their demand in transportation. To illustrate this point, Airbus SE, a Netherlands-based Aircraft manufacturing commercial firm, reported in January 2023 that Airbus Helicopters made 374 gross orders (net 362) in 2022. This reflects an intense market resurgence with sales of 216 lightweight, single-engine helicopters and an increase in deliveries from 338 in 2021 to 344. Hence, the helicopter-based transportation market is likely to be boosted by the mounting uptake of helicopters across various applications.
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What Are the Key Trends Driving Helicopter-Based Transportation Market Growth?
Major frontrunners in the helicopter transport market are honing in on creating innovative strategies like same-day return helicopter services to improve efficiency and customer satisfaction. Such services offer the opportunity to passengers to be transported to a location and be brought back to their starting point within 24 hours. For example, in June 2023, urban mobility company BLADE India, launched their same-day return helicopter service specifically dedicated to pilgrims journeying to Tirumala Tirupati from Bengaluru. This new provision lets worshippers travel early in the day and be back by evening. The service includes planned take-offs from HAL Airport, an estimated flight time of about 45 minutes, and carries a maximum of five passengers per helicopter. The aim of this initiative is to optimize accessibility for older devotees and enhance their pilgrimage journey, with the prospect of broadening the service to more routes and enlarging their fleet in the future.
How Is the Helicopter-Based Transportation Market Segmented?
The helicopter-based transportation market covered in this report is segmented -
1) By Type: Passengers Transportation, Cargo Transportation
2) By Order Type: Light And Small, Medium, Heavy-Lift
3) By Application: Surveillance Search And Rescue, Passenger Transportation, Cargo Transportation
4) By End User: Mining, Oil And Gas, Hydropower Construction, Agriculture Industry, Energy Industry, Other End-Users
Subsegments:
1) By Passengers Transportation: Commuter Services, Sightseeing Tours, Medical Evacuations (Medevac), Corporate Charters, VIP Transportation
2) By Cargo Transportation: Freight Delivery, Air Ambulance Services, Offshore Supply Transportation, Construction And Utility Support, Agricultural And Forestry Operations
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Which Companies Are Leading the Charge in Helicopter-Based Transportation Market Innovation?
Major companies operating in the helicopter-based transportation market include Bristow Group Inc., CHC Group LLC, Leonardo S.p.A., PHI Inc., Air Charter Service India Pvt. Ltd., Falcon Aviation Services Inc., British International Helicopters Services Limited, Petroleum Helicopters International Inc., Helijet International Inc., Air Methods Corporation, Columbia Helicopters Inc., Maverick Aviation Group, Papillon Grand Canyon Helicopters, Helitrans AS, London's Air Ambulance Limited, LifeFlight Australia, Air Zermatt AG, Starspeed Limited, Russian Helicopters JSC, Canadian Helicopters Limited., Summit Helicopters Inc., ERA Helicopters LLC, Heli-Union SA, Alpine Helicopters Inc.
Which Regions Are Leading the Global Helicopter-Based Transportation Market in Revenue?
North America was the largest region in the helicopter-based transportation market share in 2024. The regions covered in the helicopter-based transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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