Helicopter-Based Transportation Global Market Projected to Reach $1.46 Billion with CAGR of 4.2% By 2028 | Bristow Group Inc., CHC Group LLC, Leonardo S.p.A., PHI Inc., Air Center Helicopters Inc.

Helicopter-Based Transportation Market

The Helicopter-Based Transportation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Helicopter-Based Transportation, the helicopter-based transportation market size has grown steadily in recent years. It will grow from $1.19 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to urban air mobility (uam) growth, medical and emergency services, tourism and leisure activities, offshore oil and gas operations, military and defense applications.

The helicopter-based transportation market size is expected to see steady growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to market demand for on-demand services, environmental considerations, infrastructure development initiatives, military and defense procuremen, offshore oil and gas operation. Major trends in the forecast period include sustainability and green initiatives, autonomous and unmanned helicopters, tourism and vip transport, military and defense upgrades, usage in emergency services.

An increase in the adoption of helicopters in multiple applications is expected to propel the growth of the helicopter-based transportation market. Helicopters are non-winged aircraft with one or two sets of giant blades that rotate rapidly on top, can land and take off vertically, and hover in one position in the air. Helicopters are used for various applications, including energy and electricity industry support, transportation and cargo logistics, search-and-rescue operations and firefighting missions, and military and government contracts. Additionally, the easy take-off and landing of helicopters have also favored their demand for transportation. For instance, according to the report published by the General Aviation Manufacturers Association (GAMA), a US-based industry trade association representing general aviation aircraft manufacturers and related enterprises, a 17.55% rise in shipments was seen in 2021, when 860 helicopters were supplied globally. Therefore, the increasing adoption of helicopters in multiple applications will drive the helicopter-based transportation market.

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The helicopter-based transportation market 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

Product innovations have emerged as a key trend in helicopter-based transportation. Major companies operating in the market are advancing toward using cybersecurity solutions for helicopter-based transportation. For Instance, in October 2021, Leonardo S.p.A., an Italy-based company specializing in aerospace, defense, and security, launched Augusta for the VIP helicopter sector. It is a sophisticated and sustainable air mobility solution in the vertical flight sector. It provides performance, aerodynamics, operating capabilities, dedicated client services in the VIP transport sector, aircraft interior and layout configurations, and customized requirements.

The helicopter-based transportation market report table of contents includes:
1. Executive Summary