Offshore Helicopter Service Market Share, Trends, Revenue, Growth Drivers, Challenges, Opportunities and Future Investment Strategies Till 2033

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Offshore Helicopter Service Market Share, Trends, Revenue, Growth Drivers, Challenges, Opportunities and Future Investment Strategies Till 2033: SPER Market Research



 Published: Nov-2023
 Author: SPER Analyst


Europe Helicopter Services Market is projected to be worth USD 29.0 billion by 2033 and is anticipated to surge at a CAGR of 6.81%.

Helicopter services include goods and passenger transportation, as well as monitoring and inspecting oil rigs. Medium, heavy, and light helicopters are frequently used for drilling, production, relocation, decommissioning, and delivering supplies and equipment during underwater research and construction. In addition, cargo and passenger transportation, as well as monitoring and inspection of oil rigs, are provided by helicopter services. Medium, heavy, and light helicopters are frequently used for drilling, production, relocation, decommissioning, and delivering supplies and equipment during underwater research and construction.

Europe Helicopter Services Market Driving Factors and Challenges

There are several drivers that driving market growth. There are new business prospects when hybrid and electric helicopters are used. The increasing use of electric and hybrid helicopters is fueling the growth of the European helicopter services market. The European Aviation Safety Agency (EASA) has begun creating regulations for the operations of electric and hybrid aircraft in order to ensure their safe and efficient integration into the European aviation system.

Moreover, the increasing necessity for Search and Rescue (SAR) endeavors to hasten the advancement of the industry. The increased frequency of emergencies, accidents, and natural disasters in the area has made SAR operations more necessary. Several European countries have made large investments in SAR initiatives to bolster their response capabilities.

Expanding Environmental Concerns May Limit Market Growth: Helicopter emissions and other greenhouse gas emissions are key contributors to the aviation sector. To lessen the influence of helicopter operations on the environment, a number of European nations have passed strict legislation. High Costs of Operation: The high operating costs of using helicopter services include maintenance, fuel, insurance, and pilot pay, to name a few. High operating costs, particularly for small and medium-sized businesses, are a barrier to market growth.


Impact of COVID-19 on Europe Helicopter Services Market 
The Covid-19 outbreak had a big effect on the market for helicopter services. A severe slowdown in the aviation industry as a whole was caused by travel restrictions, a drop in tourism, and a decline in commercial activities. The market for helicopter services used for passenger transportation and tourism fell off significantly. Conversely, there was an increase in the market's need for emergency medical services, which included delivering medical supplies and supporting healthcare operations.

Europe Helicopter Services Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Babcock International Group Plc., Bristow Group, CHC Helicopter Group, Heliservice International GmbH, Heli-union, Luxembourg Air Rescue, Omni Helicopters International, Petroleum Helicopters International Inc., The NHV Group.


Europe Helicopter Services Market Segmentation:

By Type: Based on the Type, Europe Helicopter Services Market is segmented as; Heavy, Light, Medium.

By Application: Based on the Application, Europe Helicopter Services Market is segmented as; Air Ambulance, Business and Corporate Travel, Disaster and Humanitarian Aid, Offshore, Surveying and Aerial Imaging, Transport, Others.

By End User: Based on the End User, Europe Helicopter Services Market is segmented as; Civil, Commercial, Military.

By Region: This research also includes data for U.K, Germany, France, Italy, Russia, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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