Press release
Helicopter-Based Transportation Market Expansion Outlook: $7.36 Billion in 2029
Helicopter Based Transportation Market
What Is the Projected CAGR for the Helicopter-Based Transportation Market from 2024 to 2025?
In recent times, there has been a consistent expansion in the size of the helicopter-based transportation market. It is projected to increase from $6.12 billion in 2024 to $6.32 billion in 2025, with a compound annual growth rate (CAGR) of 3.2%. The historic growth period is associated with factors such as the development of urban air mobility (UAM), medical and emergency services, tourism and leisure activities, offshore oil and gas operations, as well as military and defense applications.
What are the Expected Market Size and CAGR for Helicopter-Based Transportation by 2029?
In the coming years, the helicopter-based transportation market is anticipated to witness consistent growth, expanding to a projected worth of $7.36 billion by 2029, with a compound annual growth rate (CAGR) of 3.9%. The predicted growth during this period can be ascribed to market demand for immediate services, ecological considerations, infrastructure development endeavors, military and defense acquisitions, and offshore oil and gas operations. Significant trends anticipated for the forecast period consist of sustainability and green initiatives, autonomous and unmanned helicopters, tourism and VIP transport services, upgrades in military and defense sector, and utilization in emergency services.
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Which Factors Are Driving the Global Helicopter-Based Transportation Market Expansion?
The helicopter-based transportation market is projected to grow, driven by the expanding utilization of helicopters in a variety of applications. Helicopters, non-winged aircraft equipped with one or two sets of large revolving blades on top, have the ability to land and ascend vertically and to maintain a stationary position in the air. They are employed in numerous capacities including support for the energy and electricity sector, transportation and cargo logistics, as well as in search-and-rescue missions, firefighting efforts, and for military and government contracts. The ability of helicopters to take off and land with ease also boosts their demand in transportation. For instance, Airbus SE, a commercial Aircraft manufacturing company based in Netherlands, reported that the company received 374 gross orders (net 362) for Airbus Helicopters in 2022, signaling a robust market recovery with sales of 216 light single-engine helicopters. Deliveries also went up from 338 in 2021 to 344 in January 2023. Hence, the mounting usage of helicopters across various sectors is fueling the growth of the helicopter-based transportation market.
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Which Segment Currently Holds the Largest Share of the Helicopter-Based Transportation Market?
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
Which Major Trends Are Shaping the Future of the Helicopter-Based Transportation Industry?
Primary companies in the helicopter transportation market are concentrating their efforts on creating novel solutions, like same-day return helicopter services, to increase customer comfort and efficiency. These services allow customers to travel to a location and fly back to their initial departure point all within one day. For example, BLADE India, a company that specializes in urban mobility in India, launched its same-day return helicopter services in June 2023 for devotees travelling from Bengaluru to Tirumala Tirupati, enabling them to make the round trip within one day. The daily flights depart from HAL Airport, last roughly 45 minutes, and can transport up to five passengers at once. This initiative's primary goal is to improve access for elderly pilgrims, making their pilgrimage smoother. There are plans in the works to expand routes and increase the number of helicopters in the fleet.
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Which Key Players Dominate the Helicopter-Based Transportation Industry Globally?
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.
What Are the Fastest-Growing Regions in the Helicopter-Based Transportation Market?
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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