Helicopter Services Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Helicopter Services Market Has Been Segmented By Application (Business and Corporate Travel, Air Ambulance, Search and Rescue, Leisure Charter, Transport, Media and Entertainment, Surveying, Offshore, and Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America). The report offers market size and forecasts for all the above segments in value (USD million).

Market Snapshot

Helicopter Services Market Size
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Latin America
Largest Market: North America
CAGR: 12.27 %

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Market Overview

The helicopter service market was valued at USD 18.03 billion in 2021, and it is expected to reach USD 37.50 billion by 2027, registering a CAGR of 12.27% during the forecast period (2022 - 2027).

The helicopter services market is susceptible to global economic conditions and the subsequent impacts on capital investment and consumer spending levels. Economic downturns and global pandemics can lead to reduced investments, changes in government spending levels, reduced customers' and suppliers' access to credit, hamper consumer confidence, and increased buyers' propensity for cheaper substitutes in specific applications. It was evident in the last two years when the world witnessed the impact of the COVID-19 pandemic, which has increased economic constraints, reduced travel and tourism activities, and decreased industrial output. Consequently, the demand for helicopter services from the associated sectors has also declined.

The helicopter services market is expected to be resilient through the coming decade due to the inherent diversity in the mission segments. While demand from some end-users is projected to decline, other end-users are expected to generate increasingly higher demand for helicopter services in the years to come. As the world emerges from the pandemic, several countries are setting up national development plans and taking measures to diversify their economies by focusing more on improving their tourism-related revenues. As a result, high levels of growth are expected in the tourism and travel sector in the medium-long term.

Over the last decade, the helicopter services industry has witnessed a greater threat of substitution in some applications. Drones are slowly substituting helicopters in various roles due to their cheaper operation cost and reduced risk to humans. Drones are now performing tasks like land surveys, inspections, aerial observation, monitoring, photography, and videography quickly and close to the ground, delivering high-resolution data in a short timeframe.

The development of large drones with advanced flight capabilities, coupled with the inability of the helicopter OEMs to eliminate existing technology limitations, may result in drone services continuing to substitute helicopter services in several non-transport applications in the coming years. This factor might challenge the growth of the market during the forecast period.

Scope of the Report

Helicopter services are provided on-demand to the end-users by the market players using helicopters. The helicopter services market is segmented based on Application type and Geography. By Application, the market is segmented into Business and Corporate Travel, Air Ambulance, Search and Rescue, Leisure Charter, Transport, Media and Entertainment, Surveying, Offshore, and Others. The others segment of the market includes helicopter air tour service providers, firefighting service providers, and aerial crop spraying service providers, among others. The report provides the market size and forecasts for all the major countries across various regions. For each segment, the market size and forecasts are provided by value (USD million).

Air Ambulance
Business and Corporate Travel
Search and Rescue
Leisure Charter
Media and Entertainment
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Prevalence Of Disasters And The Growing Need For Rapid Emergency Response is Driving the Demand for Helicopter Services

With the global temperatures rising, the world is expected to witness an increasing occurrence of wildfires in the next twenty years, generating a more important requirement for search and rescue and aerial firefighting activities. Thus, end-users are expected to spend increasingly more money on these services in the coming years. Also, climate change has influenced the prevalence of natural disasters over the years. The frequency and intensity of natural disasters are also increasing each year, which might increase the need for search and rescue helicopters in the future. On the other hand, as roads become more congested, the need for quicker aerial transport is expected to increase, increasing the spending on Helicopter Emergency Medical Services, particularly in developing countries in the years to come. After the advent of the pandemic, the investment in the healthcare domain has grown during the COVID-19 situation, which has also increased the usage and demand for Air Ambulance Services for emergency medical services. Helicopters can cater to these requirements as they can be operated without a paved runway and can take off and land at the nearest incident location, thereby reducing the response and travel times. These factors are driving the demand for helicopters for the applications mentioned above.

Helicopter Services Market Share

Increase In Demand For Air Ambulance Services

Air ambulance helicopters are equipped with the required medical equipment and accessories and have an onboard medical crew to provide initial emergency medical care to patients. Air ambulance offers advantages over conventional road ambulance services, as the former help mitigate the issue of prolonged travel durations and limited access to remote areas. The increasing number of accidents globally is one of the major factors driving the market growth. Each year around 1.35 million people die globally due to road accidents, according to the World Health Organization. The timely and effective emergency services given to such critical patients who are chronically ill can preserve their lives and significantly creates a broad scope for market growth. In addition, increasing demand for better emergency health care services, the shift in governmental focus towards enhancing emergency care standards, and favorable reimbursement policies are major factors driving the demand for air ambulance services worldwide. North America and Europe have the largest number of air ambulance helicopters globally, as these regions generate significant demand for ambulance services each year. Growth in adopting emergency medical transport facilities and greater insurance coverage for such services drive the need for air ambulance services in these regions. On the other hand, Asia Pacific is expected to steady growth due to a growing number of multispecialty hospitals and the rising adoption of advanced healthcare infrastructure to create a healthcare system experience that is safer and less strenuous. Such factors are expected to drive the segment's growth in the years to come.

Helicopter Services Market Growth

Competitive Landscape

Some of the major players in the market are Babcock International, Air Methods Corporation, Abu Dhabi Aviation, Bristow Group Inc., PHI Group Inc., etc. Over the years, the aviation regulatory bodies have framed tough and rigid rules and laws for helicopter operators. As a result, the smooth growth trajectory of the market was thwarted by such regulatory bumps and restricted its expansion. However, to develop the general aviation sector, several governments are now devising supportive regulations to encourage both fixed-wing aircraft and helicopter operations. This factor might result in an increased influx of new players and the geographical expansion of existing players into newer markets. Players focus on shifting into new markets to gain an advantage over untapped ones.

Furthermore, the competition in the helicopter charter industry is growing, as the new players are focusing on entering and expanding their customer base in the helicopter charter market through strategic partnerships, mergers, and acquisitions. For instance, in May 2021, Directional Aviation's OneSky Flight, parent of global private jet travel provider Flexjet, jet card provider Sentient Jet and on-demand charter providers PrivateFly and FXAIR, announced that it had acquired the UK-based helicopter provider Halo Aviation. Such strategies are expected to help the players' growth in the years to come.

Recent Developments

· In January 2022, Bristow Group announced that it was awarded a major 10-year government search and rescue helicopter service contract, by the Netherlands Coastguard, with a dedicated fleet of AW189 helicopters stationed at the Den Helder and Midden Zeeland Airports in the country.

· In Sept 2021, CHC Helicopter announced that it had completed the acquisition of Babcock International's Offshore Operations, including oil and gas aviation. The acquisition reinforces CC's global position and increases its offshore crew transportation capacity, and expands its fleet by around 30 aircraft across the UK, Denmark, and Australia

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Application

      1. 5.1.1 Air Ambulance

      2. 5.1.2 Business and Corporate Travel

      3. 5.1.3 Search and Rescue

      4. 5.1.4 Leisure Charter

      5. 5.1.5 Transport

      6. 5.1.6 Media and Entertainment

      7. 5.1.7 Surveying

      8. 5.1.8 Offshore

      9. 5.1.9 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Indonesia

        6. Malaysia

        7. Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. Brazil

        2. Mexico

        3. Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. United Arab Emirates

        3. South Africa

        4. Turkey

        5. Rest of Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Acadian Air Med

      2. 6.2.2 Air Methods Corp

      3. 6.2.3 Heli-union

      4. 6.2.4 Abu Dhabi Aviation

      5. 6.2.5 Emsos Medical Pvt. Ltd.

      6. 6.2.6 Bristow Group Inc

      7. 6.2.7 Luxembourg Air Rescue Abl

      8. 6.2.8 PHI Group Inc.

      9. 6.2.9 Babcock International

      10. 6.2.10 CHC Group


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Frequently Asked Questions

The Helicopter Services Market market is studied from 2018 - 2027.

The Helicopter Services Market is growing at a CAGR of 12.27% over the next 5 years.

The Helicopter Services Market is valued at 18 Billion USD in 2018.

The Helicopter Services Market is valued at 37 Billion USD in 2027.

Latin America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Abu Dhabi Aviation, Air Methods Corporation, Babcock International, Bristow Group Inc., PHI Group, Inc. are the major companies operating in Helicopter Services Market.

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