Asia Pacific Helicopter Services Market Insights Forecasts to 2033
- The Market Size is Growing at a CAGR of 6.57% from 2023 to 2033.
- The Asia Pacific Helicopter Services Market Size is Expected to Hold a Significant Share by 2033.
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The Asia Pacific Helicopter Services Market Size is expected to hold a significant share by 2033, at a CAGR of 6.57% during the forecast period 2023 to 2033.
Helicopter services provide destinations of great interest to flyers seeking thrilling rides and unforgettable views from the sky. In India, during pilgrimage yatras like the Char Dham, Kedarnath, and Amarnath yatras, among others, there is an increasing demand for helicopter services, and typically there is a helicopter shortage during these seasons. By using the helicopter service, anyone can concentrate on the soul-refreshing Journey and avoid the stress of walking. In addition, helicopters play an important role in supporting oil, gas, mining, and mining operations at various industrial sites in remote areas where helicopters are the only mode of transportation. Helicopters perform a lot of aerials and lifting work in these kinds of places. In addition, helicopters are utilized for filming, special events, weddings, and aerial photography. Furthermore, the market for helicopters services in the Asia-Pacific region is growing rapidly, driven primarily by economic expansion in China and India. There is a growing need for both military and civilian applications in the region. The helicopter services, tourism, and corporate travel are the main drivers of the notable growth observed in the commercial market. Concurrently, the market for helicopters services expands, demonstrating the area's dedication to technological progress. The penetration of helicopters into the Chinese and Indian markets indicates a variety of uses, ranging from military operations to innovative urban air mobility programs.
This research report categorizes the market for Asia Pacific helicopter services market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific helicopter services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Asia Pacific helicopter services market.
Asia Pacific Helicopter Services Market Report Coverage
|2023 - 2033
|Forecast Period 2023 - 2033 CAGR:
|Historical Data for:
|2019 - 2022
|No. of Pages:
|Tables, Charts & Figures:
|By Type, By Application, By End User, By Country and COVID-19 Impact Analysis.
|Bristow Group Inc., Babcock International Group plc, Petroleum Helicopters International Inc., Aero Asahi Corporation (AAC), Nakanikon Air Co. Ltd, Pawan Hans, Mcdermott Aviation, CHC Helicopter Group, CITIC Offshore Helicopter Co. Ltd., Shaanxi Helicopter Co Ltd (SHC), and Others
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
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In Indian metropolises like Delhi, Mumbai, and Bangalore, air ambulances are becoming more and more popular. Furthermore, patients in need of immediate medical attention are transported via helicopter services. The use of helicopters to connect difficult-to-reach areas is growing, especially in Northeastern India, where the government is prioritizing the connection of inaccessible tourist destinations. These services have recently been established by the air ambulance network of Apollo Hospitals in association with Aviators Air Rescue. AlsomAccording to an Asian Development Bank report, the demand for infrastructure development in the Asia Pacific region is expected to exceed USD 22 trillion by 2030, opening up significant growth opportunities for the helicopter services industry.
The high cost of fuel, maintenance, and insurance in this sector of the economy is a major deterrent to industry expansion.
- In 2023, the light segment accounted for the largest revenue share over the forecast period.
Based on the type, the Asia Pacific helicopter services market is segmented into light, and medium. Among these, the xx segment has the largest revenue share over the forecast period. A lightweight helicopter is small, agile, and easy to fly, with a maximum takeoff weight of less than 6,000 pounds. Due to the growing demand for sightseeing, aerial photography, and other applications, this segment currently holds a dominant position in the Asia Pacific market.
- In 2023, the air ambulance segment accounted for the largest revenue share over the forecast period.
On the basis of application, the Asia Pacific helicopter services market is segmented into offshore, air ambulance, business & corporate travel, disaster & humanitarian aid, transport, surveying & aerial imaging, and others. Among these, the air ambulance segment has the largest revenue share over the forecast period. Helicopter air ambulances provide an additional layer of care for the most critically ill patients suffering from serious illnesses such as cardiovascular arrests, severe asthma attacks, or allergic reactions, as well as injuries caused by road traffic accidents, falls, or worksite injuries where better medical care is far away, such factors are boosting the market growth in Asia Pacific.
The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific helicopter services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Bristow Group Inc.
- Babcock International Group plc
- Petroleum Helicopters International Inc.
- Aero Asahi Corporation (AAC)
- Nakanikon Air Co. Ltd
- Pawan Hans
- Mcdermott Aviation
- CHC Helicopter Group
- CITIC Offshore Helicopter Co. Ltd.
- Shaanxi Helicopter Co Ltd (SHC)
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Asia Pacific Helicopter Services Market based on the below-mentioned segments:
Asia Pacific Helicopter Services Market, By Type
Asia Pacific Helicopter Services Market, By Application
- Air Ambulance
- Business & Corporate Travel
- Disaster & Humanitarian Aid
- Surveying & Aerial Imaging
Asia Pacific Helicopter Services Market, By Country
- South Korea
- Rest of the APAC
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