How Will The Helicopter-Based Transportation Market Expand At A CAGR Of 3.9% Through 2029?
Claim 30% Off Global Market Reports With Code ONLINE30 – Insights on Tariff Effects, Global Trade, and Industry Disruptors
What Are The Future Growth Projections For The Helicopter-Based Transportation Market Size?
The market size of transportation via helicopters has seen a consistent rise in the past few years. It is projected to expand from a size of $6.12 billion in 2024 to $6.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.2%. The surge seen in the past can be linked to factors such as the expansion of urban air mobility, increased use in medical and emergency services, involvement in tourism and leisure activities, the role in offshore oil and gas operations, and application in military and defense sectors.
In the coming years, it is anticipated that the helicopter-based transportation market will experience consistent expansion, reaching a value of $7.36 billion by 2029 with a compound annual growth rate (CAGR) of 3.9%. The growth expected in the forecast period can be credited to the rising demand for on-demand services, environmental awareness, infrastructure advancement projects, military and defense acquisitions, and offshore oil and gas operations. Significant trends to watch during the forecast period include efforts towards sustainability and green initiatives, the adoption of autonomous and unmanned helicopters, the use of helicopters in tourism and VIP transport, upgrades in military and defense sectors, and their application in emergency services.
Get A Free Sample Of The Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8974&type=smp
Which Industry Forces Are Driving The Helicopter-Based Transportation Market Forward?
The helicopter-based transportation market’s expansion is anticipated to be bolstered by a rise in the use of helicopters across numerous applications. Helicopters, which are aircraft devoid of wings but characterized by one or two pairs of large, rapidly rotating blades on top, possess the capability to take off and land vertically and keep stationary mid-air. These aircraft find extensive usage across diverse areas like the support of energy and electricity industries, transportation and cargo logistics, search-and-rescue operations, firefighting missions, and military and government contracts. The ease of taking off and landing also contributes to the popularity of helicopters for transportation. For instance, in 2022, Airbus Helicopters, a commercial aircraft manufacturing firm based in the Netherlands and owned by Airbus SE, disclosed that they had received 374 gross orders (net 362), highlighting a vigorous market revival with 216 light single-engine helicopters sold. The company’s deliveries saw an increment from 338 in 2021 to 344 in January 2023. In conclusion, the augmenting usage of helicopters across numerous applications is set to fuel the growth of the helicopter-based transportation market.
What Are The Primary Segmentation Parameters In The Helicopter-Based Transportation Market?
The helicopter-based transportationmarket covered in this report is segmented –
1) By Type: Passengers Transportation, Cargo Transportation
2) By Order Type: Light And Small, Medium, Heavy-Lift
3) By Application: Surveillance Search And Rescue, Passenger Transportation, Cargo Transportation
4) By End User: Mining, Oil And Gas, Hydropower Construction, Agriculture Industry, Energy Industry, Other End-Users
Subsegments:
1) By Passengers Transportation: Commuter Services, Sightseeing Tours, Medical Evacuations (Medevac), Corporate Charters, VIP Transportation
2) By Cargo Transportation: Freight Delivery, Air Ambulance Services, Offshore Supply Transportation, Construction And Utility Support, Agricultural And Forestry Operations
Which Emerging Trends Are Reshaping The Helicopter-Based Transportation Market Landscape?
Leading enterprises in the helicopter-transport sector are directing their efforts towards the creation of innovative services like same-day return helicopter provisions, aimed at improving customer satisfaction and operation efficiency. The same-day return helicopter service refers to a form of transportation that allows travelers to make a round-trip journey to their destination within 24 hours. For example, in June 2023, an urban mobility firm based in India known as BLADE India launched a similar service. The service was primarily for pilgrims journeying to Tirumala Tirupati from Bengaluru, allowing them to fly out in the morning and return in the evening of the same day. With set departures from HAL Airport, the estimated duration of each flight is approximately 45 minutes, and each helicopter can carry up to five passengers. This endeavor aims to make the pilgrimage easier and more accessible for older individuals, with ongoing plans for future route additions and an expanded fleet.
Who Are The Dominant Players In The Helicopter-Based Transportation Market Today?
Major companies operating in the helicopter-based transportation market include Bristow Group Inc., CHC Group LLC, Leonardo S.p.A., PHI Inc., Air Charter Service India Pvt. Ltd., Falcon Aviation Services Inc., British International Helicopters Services Limited, Petroleum Helicopters International Inc., Helijet International Inc., Air Methods Corporation, Columbia Helicopters Inc., Maverick Aviation Group, Papillon Grand Canyon Helicopters, Helitrans AS, London’s Air Ambulance Limited, LifeFlight Australia, Air Zermatt AG, Starspeed Limited, Russian Helicopters JSC, Canadian Helicopters Limited., Summit Helicopters Inc., ERA Helicopters LLC, Heli-Union SA, Alpine Helicopters Inc.
Access The Complete Report Here:
What Are The Emerging Regional Trends Driving The Helicopter-Based Transportation Market?
North America was the largest region in the helicopter-based transportation market share in 2024. The regions covered in the helicopter-based transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Customize Your Report Here:
https://www.thebusinessresearchcompany.com/customise?id=8974&type=smp
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
