Global Helicopter Services Market to Reach About USD 58.40 billion by 2032, Aided by the Rising Popularity of Air Ambulances

The growing popularity of air ambulances is propelling the market growth of helicopter services. The demand for helicopter services is also surging on account of the growing utilisation of air ambulances to boost healthcare accessibility in remote areas. With the increasing governments’ focus on improving healthcare accessibility, the utilisation of helicopter services is significantly growing. For instance, in December 2021, the Odisha government launched air ambulance services to provide access to healthcare in rural interior areas. Moreover, the surging research activities to develop autonomous and lightweight air ambulances are expected to provide impetus to the market growth in the forecast period. The introduction of chopper services to provide enhanced connectivity and convenience is anticipated to augment the market growth of helicopter services. With the growing competitiveness, leading service providers are boosting their offerings, which is likely to propel the market. In addition, the market is anticipated to be aided by technological advancements and innovations, which are likely to increase the utilisation of helicopters in mining, tourism, corporate travel, air charter, and entertainment activities.

Going forward, acquisitions and mergers by the key market players aimed at extending and enhancing their operations for several applications are also anticipated to propel the market growth. Bristow Group Inc. (NYSE: VTOL), the parent company of Bristow Helicopters Limited, announced its plan to acquire British International Helicopter Services Limited (“BIH”) in April 2022. BIH delivers combined search and rescue (SAR) while supporting helicopter services for the UK Ministry of Defence (MOD). The acquisition would enable Bristow to enhance its presence in the government services business. It would also strengthen its existing relationship while facilitating it to develop new partnerships for safe and reliable lift solutions in the government sector. As BIH delivers Fleet Operation Sea Training (FOST) helicopter for the Royal Navy, the acquisition would enable Bristow to expand its services throughout the United Kingdom.

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Market Analysis by Type, Application, and Region:

• The market, on the basis of type, can be divided into light weight, medium weight, and heavy weight.

• Based on application, the market can be divided into offshore helicopter, air ambulance, business/corporate travel, disaster and humanitarian aid, leisure charter, transport, media and entertainment, and surveying, among others.

• The regional markets for helicopter services include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The robust aviation infrastructure and the development of spot networks and take-off/landing pads are driving the market for helicopter services.

• The market growth of helicopter services can be attributed to the increasing offshore operations, the expansion of helicopter leasing facilities, and the surging air sports activities such as parachuting, aerobatics, and paragliding, among others.

• The rising utilisation of helicopters in public safety, law enforcement, firefighting applications, emergency medical services (EMS), and search and rescue (SAR), among others, is propelling the market for helicopter services.

• The integration of innovative technologies like artificial intelligence (AI), the Internet of Things (IoT), and real-time data analytics in helicopter services is surging their safety and enhancing decision-making, which is invigorating the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for helicopter services for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and major regions of helicopter services.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global helicopter services market are Air Methods Corporation, Alpine Helicopters Inc., Bristow Helicopters Limited, Carson Helicopters Inc., Erickson Incorporated, Gulf Helicopters, and Heli Air Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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