Market Size of South America Offshore Helicopter Services Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | < 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Offshore Helicopter Services Market Analysis
The South American offshore helicopter services market is expected to register a CAGR of 2% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. However, the market has now reached pre-pandemic levels.
Factors, such as an increase in oil and gas exploration in deep water and subsea wind power installation, are expected to drive the South American offshore helicopter services market's growth during the forecast period. However, advancements in technologies, such as automated drilling rigs, are expected to affect the market's growth as the number of trips made by helicopters offshore decreases. Nevertheless, the increasing offshore wind installation in Brazil is expected to create an opportunity for the South American offshore helicopter services market in the future.
Due to its numerous offshore projects, Brazil is expected to be the largest offshore helicopter service in South America.
