Europe Helicopter Services Market Growth 2023, Industry Share, Emerging Trends, Business Challenges, Future Opportunity and Forecast Analysis till 2033: SPER Market Research

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Helicopter services include oil rig monitoring and inspection, as well as the delivery of passengers and commodities. Drilling, production, relocation, decommissioning, and supply and equipment delivery are common uses for medium, heavy, and light helicopters in underwater research and construction. Helicopter services are also offered for goods and passenger transportation, as well as for oil rig monitoring and inspection. Drilling, production, relocation, decommissioning, and supply and equipment delivery are common uses for medium, heavy, and light helicopters in underwater research and construction.

According to SPER market research, Europe Helicopter Services Market Size- By Type, By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Helicopter Services Market is predicted to reach USD 29 billion by 2033 with a CAGR of 6.81%.

There are multiple factors propelling the growth of the market. The application of electric and hybrid helicopters opens up new economic opportunities.

The European market for helicopter services is expanding as a result of the growing use of electric and hybrid helicopters. To guarantee the safe and effective integration of electric and hybrid aircraft into the European aviation system, the European Aviation Safety Agency (EASA) has started developing regulations for their operations.

In addition, the growing need for Search and Rescue (SAR) activities is pushing the sector forward faster.

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SAR operations are more important now because accidents, natural catastrophes, and crises occur in the area more frequently. Several European nations have increased their response capabilities by investing heavily in SAR efforts.

Raising Environmental Concerns Could Restrain Market Growth: Major contributors to the aviation industry are greenhouse gas emissions, such as those from helicopters. Many European countries have enacted stringent laws to reduce the environmental impact of helicopter operations.

High running Costs: Using helicopter services comes with a high running cost, which includes, among other things, maintenance, fuel, insurance, and pilot compensation. Market expansion is hampered by high operational costs, especially for small and medium-sized enterprises.

Impact of COVID-19 on Europe Helicopter Services Market 

Helicopter service industry dynamics were significantly impacted by the Covid-19 pandemic. Travel restrictions combined with a fall in tourism and a reduction in commercial activity resulted in a severe slowdown in the aviation industry overall. Helicopter passenger transportation and tourism saw a sharp decline in market share. The need for emergency medical services, which included providing medical supplies and assisting with healthcare operations, on the other hand, increased.

Europe Helicopter Services Market Key Players:

Additionally, some of the market key players are Babcock International Group Plc., Bristow Group, CHC Helicopter Group, Heliservice International GmbH.

Europe Helicopter Services Market Segmentation:

By Type: Based on the Type, Europe Helicopter Services Market is segmented as; Heavy, Light, Medium.

By Application: Based on the Application, Europe Helicopter Services Market is segmented as; Air Ambulance, Business and Corporate Travel, Disaster and Humanitarian Aid, Offshore, Surveying and Aerial Imaging, Transport, Others.

By End User: Based on the End User, Europe Helicopter Services Market is segmented as; Civil, Commercial, Military.

By Region: This research also includes data for U.K, Germany, France, Italy, Russia, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Europe Helicopter Services Market Forecast Research Report

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