Offshore Helicopters Market, Size, Share | Industry Forecast, 2027

Global Offshore Helicopters Market is segmented By Application (Relocation and Decommissioning, Drilling, Production), By Type (Heavy and Medium Helicopters, Small Helicopters), By End-Use Industry (Offshore Wind Industry, Oil and Gas), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

Market Overview

The Global Offshore Helicopters Market is expected to grow at a high CAGR during the forecasting period (2020-2027).

The helicopter is known as the workhorse of the offshore oil and gas industry and offshore wind industry because it is the primary means of transporting workers to and from installations. All offshore helicopters must be equipped with at least one radio altimeter (RADALT) with dual displays (including analog indication), with a visual alert and Automated Voice Alerting Device (AVAD) capability. The offshore helicopter operations standard is designed to be used as a primary reference for the review and approval of aircraft operators. Offshore wind power industry and the presence of a large number of oil and gas platforms especially in Brazil and Europe are the major driving factors for the market growth globally.

Market Dynamics

Offshore wind power industry and the presence of a large number of oil and gas platforms especially in Brazil and Europe are the major driving factors for the market growth globally. Brazil is about to become a much bigger player in the oil and gas world. The South American country is leading the world in terms of planned offshore projects, ahead of the likes of the U.S. and the U.K. All the East Margin besides the pre-salt region and Equatorial Margin, including new frontier areas and a significant number of large mature fields are conventional offshore in Brazil.

Brazil is leading the way in terms of capital investment over the same period. There will be USD 116.2 billion worth of investment up until 2025. Petrobas, the state-owned oil company in Brazil, is forecasted to spend USD 90.9 billion on projects over the next 10 years. The conventional offshore plays comprise other opportunities beyond the pre-salt, that runs along the entire Brazilian coast, from the Foz do Amazonas basin to the Pelotas Basin.            Therefore, the presence of large offshore oil reserves in South America especially in Brazil is expected to the major reason for the growth of the market.

High costs associated with new technology and strict regulations for the manufacture of helicopter components are the key restraints hindering the growth of the market worldwide.

Market Segmentation

By the end-use industry, the Offshore Helicopters market is segmented into Offshore Wind Industry and Oil and Gas. The global Offshore Helicopters market size by offshore wind energy was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Offshore wind power or offshore wind energy is the use of wind farms constructed in bodies of water, usually in the ocean on the continental shelf, to harvest wind energy to generate electricity. Costs of offshore wind power are decreasing much faster than expected. By 2016, four contracts (Borssele and Kriegers) were already below the lowest of the predicted 2050 price.

The contracts and projects for Offshore wind energy are increasing globally. For instance, The Chinese government had set ambitious targets of 5 GW of installed offshore wind capacity by 2015 and 30 GW by 2020 that would eclipse capacity in other countries. However, in May 2014 the capacity of offshore wind power in China was only 565 MW. Offshore capacity in China increased by 832 MW in 2016, of which 636 MW were made in China. Due to the rise in offshore wind power projects, the market for offshore helicopters is increasing at a fast pace in the forecast period for the offshore wind industry.

By application, the Offshore helicopters market is segmented into relocation and decommissioning, drilling and production. The global Offshore Helicopters market size by drilling was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By type, the Offshore Helicopters market is segmented into heavy and medium helicopters and small helicopters. The global Offshore Helicopters market size by YYY was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The Europe Offshore Helicopters market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Europe is expected to hold the major market share within the forecast period. The helicopter is known as the workhorse of the UK offshore oil and gas industry because it is the primary means of transporting workers to and from installations. All the largest offshore wind farms are currently in northern Europe, especially in the United Kingdom and Germany, which together account for over two-thirds of the total offshore wind power installed worldwide.

As of September 2018, the 659 MW Walney Extension in the United Kingdom is the largest offshore wind farm in the world. The Hornsea Wind Farm under construction in the United Kingdom will become the largest when completed, at 1,200 MW. Other projects are in the planning stage, including Dogger Bank in the United Kingdom at 4.8 GW, and Greater Changhua in Taiwan at 2.4 GW. Therefore, the presence of huge offshore wind industry and oil gas industries are the major factors driving the European region in the forecast period.

Competitive Landscape

The Offshore Helicopters market is competitive with existing players in the market.

Some of the major manufacturers and service providers include Lockheed Martin Corporation, Textron Inc., Airbus SE, Leonardo SpA, PHI Inc., ERA Group Inc., Abu Dhabi Aviation Airways PJSC, CHC Group Ltd, Bristow Group Inc., and HNZ Group Inc.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Offshore Helicopters Market.

Chevron Corporation has announced it is on the trail for an acquisition opportunity in the helicopter market for its offshore oil and gas operations. Chevron Corporation is an American multinational energy corporation.

Airbus Helicopters has expanded on its initial Flight Crew Operating Manual (FCOM) for H225 (formerly EC225) aircraft in oil and gas missions.

Bond Offshore Helicopters has been awarded a new three-year contract to provide offshore crew transport on behalf of Premier Oil.

Why Purchase the Report?

• Visualize the composition of the Offshore Helicopters in terms of various types of end-use industries, types and their applications highlighting the key commercial assets and players.
• Identify commercial opportunities in the Offshore Helicopters market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of Offshore Helicopters market-level 4/5 segmentation.
• A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The Offshore Helicopters report would provide access to an approx., 61 data tables, 50 figures, and 165 pages.

Target Audience

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers

Table of Contents

1. Offshore Helicopters Market Methodology and Scope

   1. Research Methodology
   2. Research Objective and Scope of the Report

2. Offshore Helicopters Market – Market Definition and Overview

3. Offshore Helicopters Market – Executive Summary

   1. Market Snippet by Application
   2. Market Snippet by End-Use Industry
   3. Market Snippet by Type
   4. Market Snippet by Region

4. Offshore Helicopters Market Dynamics

   1. Market Impacting Factors
   2. Drivers
      1. Offshore wind power industry
      2. Presence of large number of oil and gas platforms especially in Brazil and Europe.
   3. Restraints
      1. High cost associated with new technology
      2. Strict regulatory norms for the manufacture of helicopter components
   4. Opportunity
   5. Impact Analysis

5. Offshore Helicopters Market – Industry Analysis

   1. Porter's Five Forces Analysis
   2. Regulatory Analysis

6. Offshore Helicopters Market – By Application

   1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
   2. Relocation and Decommissioning*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
   3. Drilling
   4. Production

7. Offshore Helicopters Market – By End-Use Industry

   1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      2. Market Attractiveness Index, By End-Use Industry
   2. Offshore Wind Industry*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
   3. Oil and Gas

8. Offshore Helicopters Market – By Type

   1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
   2. Heavy and Medium Helicopters*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
   3. Small Helicopters

9. Offshore Helicopters Market - By Region

   1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
   2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
         1. U.S.
         2. Canada
         3. Mexico
   3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
         1. Germany
         2. U.K.
         3. France
         4. Italy
         5. Spain
         6. Rest of Europe
   4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
   5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
         1. China
         2. India
         3. Japan
         4. Australia
         5. Rest of Asia Pacific
   6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

10. Offshore Helicopters Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis

11. Offshore Helicopters Market Company Profiles

    1. Lockheed Martin Corporation*
       1. Company Overview
       2. Product Portfolio and Description
       3. Key Highlights
       4. Financial Overview
    2. Textron Inc.
    3. Airbus SE
    4. Leonardo SpA
    5. PHI Inc.
    6. ERA Group Inc.
    7. Abu Dhabi Aviation Airways PJSC
    8. CHC Group Ltd
    9. Bristow Group Inc.
    10. HNZ Group Inc ("List not exhaustive")

12. Offshore Helicopters Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us