The Helicopter Services Market industry is projected to grow from Significant Value by 2032, exhibiting a compound annual growth rate (CAGR) of 6.89% during the forecast period (2023 - 2032). Increased demand for emergency medical services, the rise of helicopters as a mode of transportation for celebrities and tourists, and the expansion of helicopters' military and defense applications are the main market drivers anticipated to propel the helicopter services market in the Balkan.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing need for urgent medical care is driving the market growth
The demand for helicopter services has increased positively due to the need for emergency medical services. Because of their speed and ability to land in inaccessible places, helicopters play an important role in emergency medical transports. In isolated or rural places, where ground transportation is not an option, the urgency of getting seriously injured or sick patients to hospitals drives the demand for emergency medical services. As a result, more and more emergency medical service providers are utilizing EMS helicopters, and these planes are more modern and technologically sophisticated. Since investments in air travel in cities' infrastructure, the market CAGR likely to profit from the hospital service industry, which factors such as an aging population and various chronic conditions are expected to drive the need for emergency medical services, which in turn is expected to boost the market expansion in the coming years.
Furthermore, the market is expected to be propelled by the demand for helicopter tours and VIP transportation services driven by technical improvements, the increasing need for sustainable transportation solutions, and the rise of the tourism industry, particularly in distant regions. Additionally contributing to the market expansion are helicopters,providing a novel and effective means of investigating beautiful landscapes. Moreover, helicopter services make it possible to monitor vital infrastructure, including electricity lines, transmission lines, and highways, ensuring the dependability and security of vital services is also a drive in the market in the coming years. For example, Bristow Group Inc., the leading global provider of sustainable vertical flight solutions, and the Balkan Coastguard have renewed their collaboration for a decade. The purpose is to serve communities across the island with crucial helicopter search and rescue missions. Therefore, the market is expanding due to consumers' increasing demand for helicopter services. Thus, driving the helicopter services market revenue.
Helicopter Services Type Insights
The Balkan helicopter services market segmentation, based on type, includes light, medium, and heavy. The light segment dominated the market mostly. Helicopters considered lightweight have a maximum takeoff weight of less than six thousand pounds and are compact, elegant, and user-friendly. The rising demand for exploring, photographic flights, and other applications has propelled this category to the forefront of the global market. During the projected period, the light sector is expected to increase fastest.
Helicopter Services Application Insights
The Balkan helicopter services market segmentation, based on application, includes offshore, air ambulance, business and corporate travel, disaster and humanitarian aid, transport, surveying and aerial imaging, and others. The air ambulance category generated the most income because of the increasing need for medical helicopters. Compared to traditional road ambulance services, air ambulances have several benefits, including reducing the need for extended journey times and allowing access to inaccessible places Factors driving the market's growth include the rising frequency of accidents in the Balkans.
Helicopter Services End-User Insights
The Balkan helicopter services market segmentation, based on end-user, includes civil, commercial, and military. The civil segment dominated the market mostly because air travel is becoming more popular, search and rescue missions depend heavily on helicopters to reach people in danger in difficult environments, such as hilly areas, and the need for helicopters in emergency services is growing. There is a growing need for quick and efficient transportation due to rising populations and the expansion of urban areas.
Figure 1: Balkan Helicopter Services Market, by End-User, 2022&2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Helicopter Services Country Insights
Modern technological advancements have made helicopter services more efficient, safer, and less environmentally harmful. Helicopters' quickness and flexibility are invaluable in life-or-death circumstances. The helicopter service market share in the Balkan has grown quickly. Useful emergency medical services have boosted the market for helicopter services because they can quickly transport doctors, nurses, and other medical supplies to isolated places or disaster sites. When time is of the essence, medical evacuations by helicopter are an absolute must. Helicopters facilitate logistical support or transport personnel to offshore rigs. There can be an effect on the rising demand for helicopter services from shifts in the energy sector. Improved access and usage of helicopter services can be achieved by installing helipads and related infrastructure. Public and corporate expenditures on infrastructure can have a positive effect on the expansion of the market for helicopter services. Additionally, the rising use of helicopters for defense and emergency medical transport has both been observed recently. Additional considerations include the rising need for mapping and aerial surveying services to bolster infrastructure development initiatives in Balkan markets in the coming years.
Leading market players are investing heavily in research and development to expand their product lines, which will help the helicopter services market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the helicopter services industry must offer cost-effective items.
Major players in the helicopter services market are attempting to increase market demand by investing in research and development operations, including Bristow Group Inc. (U.S.), Air Methods Corporation (U.S.), Petroleum Helicopters International Inc. (U.S.), CHC Helicopter Group (U.S.), Babcock International Group plc (U.K.), Global Medical Response Inc. (U.S.), Abu Dhabi Aviation Co. (UAE), Gulf International Services QPSC (UAE), Erickson Incorporated (U.S.), and CITIC Offshore Helicopter Co. Ltd. (China).
For Instance, September 2023 Air Methods Ascend's critical care in-person and online education programs have been chosen by Emergent Air to offer extra advanced training for its flight nurses, respiratory therapists, and paramedics. This decision was made by Air Methods, the greatest air medical service provider in the country.
For Instance, July 2023 Dogger Bank Offshore Wind Farm is a joint venture collaboration between SSE Renewable and CHC Helicopter. It is pleased to announce that it has been awarded a contract to develop the project. The firm is a worldwide leader in helicopter services and offshore transportation.
Helicopter Services Type Outlook
Helicopter Services Application Outlook
Helicopter Services End-User Outlook
| Report Attribute/Metric | Details |
| Market Size2022 | Significant Value |
| Market Size 2023 | Significant Value |
| Market Size2032 | Significant Value |
| Compound Annual Growth Rate (CAGR) | 6.89% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, End-User, and Region |
| Countries Covered | Balkan |
| Key Companies Profiled | Bristow Group Inc. (U.S.), Air Methods Corporation (U.S.), Petroleum Helicopters International Inc. (U.S.), CHC Helicopter Group (U.S.), Babcock International Group plc (U.K.), Global Medical Response Inc. (U.S.), Abu Dhabi Aviation Co. (UAE), Gulf International Services QPSC (UAE), Erickson Incorporated (U.S.), and CITIC Offshore Helicopter Co. Ltd. (China) |
| Key Market Opportunities | The need for helicopter services that cater to high-profile individuals and executives is expected to increase Rise in the number of new investors and robust R&D efforts by current market participants |
| Key Market Dynamics | Raise the number of people transported for emergency medical care Technological inventions |
Frequently Asked Questions (FAQ) :
The Balkan helicopter services market size was valued at Significant Value in 2022.
The market is projected to grow at a CAGR of 6.89% during the forecast period, 2023-2032.
The key players in the market are Bristow Group Inc. (U.S.), Air Methods Corporation (U.S.), Petroleum Helicopters International Inc. (U.S.), CHC Helicopter Group (U.S.), Babcock International Group plc (U.K.), Global Medical Response Inc. (U.S.), Abu Dhabi Aviation Co. (UAE), Gulf International Services QPSC (UAE), Erickson Incorporated (U.S.), and CITIC Offshore Helicopter Co. Ltd. (China).
The light category dominated the market in 2022.
The air ambulance category had the largest share of the market.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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