Market Size of North America Offshore Helicopter Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Offshore Helicopter Services Market Analysis
The North American offshore helicopter services market is estimated to be at USD 680.12 million by the end of this year and is projected to reach USD 808.29 million in the next five years, registering a CAGR of over 3.51% during the forecast period.
- Over the medium term, factors such as rising deep-water offshore development activity and the improved viability of offshore oil and gas projects are expected to be major drivers of the market.
- On the other hand, the growth of the market was slowed by competition from crew transfer ships that were less expensive.
- Nevertheless, the explosive growth of the new North American offshore wind market is likely to give the market a big chance to grow after the forecast period is over.
- The United States is expected to dominate the market due to rising offshore oil and gas exploration and production.
