Friday, 29 May 2020

North American Offshore Helicopter Services Market Forecast to Grow at a CAGR of Over 2% During 2020 to 2025

The North American offshore helicopter services market is expected to grow at a CAGR of more than 2% during 2020 - 2025. Factors such as rising deep-water offshore development activity and improved viability of offshore oil and gas projects are expected to be major drivers driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern helicopters, has been a significant factor for the growth of the North American offshore helicopter services market. However, competition from less expensive crew transfer vessels has hampered the growth of the market.

The oil & gas industry sector is expected to dominate the market in the forecast period, owing to factors like increasing offshore exploration and production activity to compensate for declining onshore oil & gas fields.
The offshore wind industry is expected to provide an excellent opportunity for the North American offshore helicopter market in the forecast period. With the growth in offshore wind power generation, there arises the need for transportation to offshore structures. This requirement is being increasingly and reliably fulfilled by helicopters. Unlike the earlier offshore wind farms that had easier access to boats, the newly built wind farms are located farther, thus making helicopters a viable option for such transportation requirements.
The United States is expected to dominate the market, over rising offshore oil & gas exploration and production. The country accounts for over 15% of global oil production, amounting to 669.4 million tonnes in 2018, which is the largest in the region. A significant quantity of this oil production comes from Gulf of Mexico offshore oil fields.
The North America offshore helicopter services market is moderately concentrated. Some of the major companies are Bristow Group Inc., Era Group Inc. (ERA), Cougar Helicopters Inc., CHC Group Ltd., Textron Inc. amongst others.

Key Topics Covered:





4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis


5.1 Type

5.1.1 Light Helicopters

5.1.2 Medium and Heavy Helicopters

5.2 End-user Industry

5.2.1 Oil & Gas Industry

5.2.2 Offshore Wind Industry

5.2.3 Other End-user Industries

5.3 Application

5.3.1 Drilling

5.3.2 Relocation and Decommissioning

5.3.3 Production

5.3.4 OtherApplications

5.4 Geography


6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Service Providers Bristow Group Inc. Era Group Inc. (ERA) CHC Group Ltd. Cougar Helicopters Inc.

6.3.2 Helicopter Manufacturers Airbus SE Leonardo SpA Textron Inc. Lockheed Martin Corporation


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