Offshore Helicopters Market Size, Competitive Landscape and Market Forecast - 2029

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, 2022-2029

The "Global Offshore Helicopters Market" is predicted to reach at a high CAGR during the forecast period (2022-2029).

Offshore Helicopters Market Summary

Metrics	Details
Market CAGR	High
Segments Covered	By Application , By Type , By Form, By End-Use  and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

 

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Offshore Helicopters Market Dynamics and Trends

The major factors driving the Global Offshore Helicopters market are the increasing growth in the offshore wind industry and the increasing presence of oil and gas platforms in different parts of the world like Brazil, Europe which is also driving the market growth for offshore helicopters.

The increasing presence of oil and gas platforms in different parts of the world and expansions by the new helicopters are also driving the market growth of Offshore Helicopters.

There is a significant presence of oil and gas platforms in different parts of the world like Brazil and Europe which is driving the market growth for offshore helicopters. Brazil is one of the top countries in the oil and gas world. Brazil has the highest market share in the world in terms of planned offshore projects along with other countries like the US and the UK. Major offshores in the country are the East Margin besides the pre-salt region and Equatorial Margin which include new frontier areas and a large part of mature fields. The helicopters are also known as the workforce for the oil and gas industry as it is used to transfer the workers and staff from one installation to another.

Petrobras which is the state-owned oil company in Brazil is forecasted to spend USD 90.9 billion on projects for 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. The presence of large offshore oil reserves especially in Brazil is driving the market growth for Offshore Helicopters. Even companies are launching new technologies and products of offshore helicopters which helps in expanding their offshore operations to South American regions like Sikorsky S-76C++ of Lockheed Martin company started offshore operations in Peru in February 2020. Helicopters are also used in mining operations for transporting workers to the sites.

The growth in the offshore wind power industry and launching of new products by the companies are also driving the market growth of Offshore Helicopters

Offshore wind power/offshore wind energy uses wind farms that are constructed in water bodies like the ocean to use wind energy to generate electricity. Costs involved with offshore wind power are decreasing faster than expected. Zero subsidy wind projects are also increasing nowadays and some require guaranteed contracts. There are many advantages of offshore wind power farms like they do not require water and they are good for the environment as they don’t release harmful gases. The growth in the offshore wind power industry is also driving the market growth for offshore Helicopters. Sikorsky S-92A of Lockheed Martin started its operations in Mexico in January 2019. Sikorsky-Boeing SB>1 DEFIANT helicopter took the first flight in Florida in March 2019. Lockheed Martin launched two new helicopters named S-92A+ and S-92B in March 2019. According to the reports, Europe installed 1.2 GW of offshore wind power in 2020 and the average offshore wind power installed in Europe for the previous three years was 1.5 GW which is more than that during covid-19. The covid-19 pandemic has hampered the offshore wind power industry as well as Europe is one of the leading regions of the world in the offshore helicopters market. The major countries installing offshore wind power are UK with 507 MW, Belgium with 235 MW, Netherlands with 224 MW and Germany with 213 MW installed during the covid-19 pandemic in 2020.

The high costs of new technology and strict regulations and regulations regarding the manufacturing of components of helicopters are hampering the market growth of Offshore Helicopters.

COVID-19 Impact Analysis on Offshore Helicopters Market

The COVID-19 pandemic has affected many industries due to the disruption in the supply chain, as there were full or partial lockdowns in many countries of the world, and restrictions across borders and closure of airports hampered world trade. Many companies couldn’t operate with proper covid norms. It was also difficult for staff and workers to work with social distancing norms. There was a shortage of workers and laborers in the world which decreased the demand for offshore helicopters as they are considered as the workforce for the offshore oil and gas industry as it is used to transport workers and staff from one installation to another and due to migration of workers to their homes the use of helicopters was limited and hence the demand for offshore helicopters in the oil and gas industry declined. There were also disruptions in the supply chain in the wind industry as exports from Asia to Europe was less and even production and assembly of components declined during the covid-19 pandemic. According to the reports, Europe installed 1.2 GW of offshore wind power in 2020 and the average offshore wind power installed in Europe for the previous three years was 1.5 GW which is more than that during covid-19. The covid-19 pandemic has hampered the offshore wind power industry as well as Europe is one of the leading regions of the world in the offshore helicopters market. The major countries installing offshore wind power are UK with 507 MW, Belgium with 235 MW, the Netherlands with 224 MW, and Germany with 213 MW installed during the covid-19 pandemic in 2020.

Offshore Helicopters Market Segmentation Analysis

The Global Offshore Helicopters Market is segmented based on the Application, End-User Industry, Type, and Region.

Based on the Application, the Global Offshore Helicopters market is segmented into Relocation and Decommissioning, Drilling, and Production.

Based on Type, the Global Offshore Helicopters Market is segmented into Heavy and Medium Helicopters and Small Helicopters.

Based on the End-User Industry, the Global Offshore Helicopters market is segmented into Offshore Wind Industry and oil & gas.

The Offshore wind industry segment was valued at US$ XX billion in 2020 and a growth in market size is predicted leading to a market size worth US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028). Offshore wind power/offshore wind energy uses wind farms that are constructed in water bodies like the ocean to use wind energy to generate electricity. Costs involved with offshore wind power are decreasing faster than expected. Zero subsidy wind projects are also increasing nowadays and some require guaranteed contracts. There are many advantages of offshore wind power farms like they do not require water and they are good for the environment as they don’t release harmful gases. According to the reports, Europe installed 1.2 GW of offshore wind power in 2020 and the average offshore wind power installed in Europe for the previous three years was 1.5 GW which is more than that during covid-19. The covid-19 pandemic has hampered the offshore wind power industry as well as Europe is one of the leading regions of the world in the offshore helicopters market. The major countries installing offshore wind power are UK with 507 MW, Belgium with 235 MW, Netherlands with 224 MW, and Germany with 213 MW installed during the covid-19 pandemic in 2020.

There is a significant presence of oil and gas platforms in different parts of the world like Brazil and Europe which is driving the market growth for offshore helicopters.

Global Offshore Helicopters Market Geographical Analysis

Based on the Region, Global Offshore Helicopters Market is segmented as - North America, Europe, Asia-Pacific, The Middle East, Africa and South America.

The South American region had a market share of XX% in 2020 and is expected to hold XX% by 2028. The South American region has a significant market share among all the regions. Many South American countries like Brazil are one of the leading countries in this market. There is a significant presence of oil and gas platforms in different parts of the world like Brazil. Brazil is one of the top countries in the oil and gas world. Brazil has the highest market share in the world in terms of planned offshore projects along with other countries like the US and the UK. It is also known as the workhorse of the offshore oil and gas industry of the United Kingdom. Major offshores in the country are the East Margin besides the pre-salt region and Equatorial Margin which include new frontier areas and a large part of mature fields.

Brazil is also having a significant presence in capital investment for the same period. There will be USD 116.2 billion worth of investment up until 2025. Petrobas which is the state-owned oil company in Brazil is forecasted to spend USD 90.9 billion on projects for 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. The presence of large offshore oil reserves especially in Brazil is driving the market growth for Offshore Helicopters. Even companies are launching new technologies and products of offshore helicopters which helps in expanding their offshore operations to South American regions like Sikorsky S-76C++ of Lockheed Martin company started offshore operations in Peru in February 2020.

Offshore Helicopters Market Companies and Competitive Landscape

The Global Offshore Helicopters market is fragmented with key global players in the market and there are many large companies in the market. Some of the major companies contributing to the market's growth are- 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. and many others.

Mergers and Acquisitions, expansions, joint ventures etc increases competition in the market like Sikorsky S-76C++ of Lockheed Martin company started offshore operations in Peru in February 2020. The Lockheed Martin company collaborated with Intel regarding security solutions in April 2019.

New products, services launched also increase competition between companies and many companies are developing innovative technologies like Sikorsky S-92A of Lockheed Martin started its operations in Mexico in January 2019. Sikorsky-Boeing SB>1 DEFIANT helicopter took the first flight in Florida in March 2019. Lockheed Martin launched two new helicopters named S-92A+ and S-92B in March 2019.

Partnerships and Collaborations between companies are also making the market more competitive. Divestments and investments by the company and split of companies are also making the market quite competitive.

Lockheed Martin

Overview:

Lockheed Martin is an American company that deals with aerospace, defense and information security. The headquarters of the company is located in North Bethesda, Maryland, Washington, DC in the United States. It is a merger of Lockheed Corporation and Martin Marietta in 1995. The company operates under the following four segments - Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The company was ranked 49th on the Fortune 500 companies list. The company was ranked 134 in the Forbes global 2000 list. The market value of the company as of 31st March 2021 is USD 105.61 billion. The company is also involved in healthcare services, renewable energy systems, and compact nuclear systems. The company was founded in March 1995. Some of the products of the company are Trident missile, F-117 Nighthawk, F-16 Fighting Falcon, F-22 Raptor. The current CEO/President of the company is James Taiclet. Sikorsky S-76C++ of Lockheed Martin company started offshore operations in Peru in February 2020.

Product Portfolio:

• Sikorsky S-76 Helicopter
• Sikorsky S-92 Helicopter
• Sikorsky Black Hawk
• Sikorsky S-76D
• Sikorsky S-76C
• Sikorsky S-76 SAR
• S-76 Boston MedFlight EMS
• S-76 In Action

Key Developments

• Sikorsky S-76C++ of Lockheed Martin company started offshore operations in Peru in February 2020.
• The Lockheed Martin company collaborated with Intel regarding security solutions in April 2019.
• Sikorsky-Boeing SB>1 DEFIANT helicopter took the first flight in Florida in March 2019.
• Lockheed Martin launched two new helicopters named S-92A+ and S-92B in March 2019.
• Sikorsky S-92A of Lockheed Martin started its operations in Mexico in January 2019.

Financial Overview

The company was ranked 49th on the Fortune 500 companies list. The company was ranked 134 in the Forbes global 2000 list. The market value of the company as of 31st March 2021 is USD 105.61 billion. The major shareholders of the company are Vanguard Group, Inc., SSgA Funds Management, Inc., BlackRock Fund Advisors, Wellington Management Co. LLP, Geode Capital Management LLC with market shares of 7.35%, 14.66%, 4.34%, 3.75%, 1.49% respectively.

 Why Purchase the Report?

• Visualize the composition of the Global Offshore Helicopters Market products in terms of End-User industries, Types and Applications, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Global Offshore Helicopters market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of Global Offshore Helicopters Market-level 4/5 segmentation.
• 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 Global Offshore Helicopters market report will provide access to approximately 61 market data tables, 50 figures, and 200 pages

Target Audience 2022

• Equipment suppliers/ Buyers
• Application Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Research professionals
• Distributors
• Manufacturers

 

Frequently Asked Questions

What is the Projected CAGR value of the Offshore Helicopters Market?

Offshore Helicopters Market is expected to grow at a CAGR of high during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Offshore Helicopters Market during 2022-2029.

Which is the fastest growing region in the Offshore Helicopters Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

 

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