Helicopter charter refers to the service of hiring a helicopter for private or commercial use, either for a single trip or an extended period. It involves the rental of a helicopter, along with a trained pilot, for transportation purposes such as sightseeing, aerial photography, medical emergencies, search and rescue, corporate travel, and more. Helicopter charters are usually arranged by contacting a helicopter service provider, who will offer various options and packages based on the customer’s needs and budget.
According to SPER market research, ‘Global Helicopter Charter Market Growth– By Service, By Engine, By Charter Type, By Type, By Media and Entertainment, By Surveying Aerial Imaging – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Helicopter Charter Market is predicted to reach USD 48.76 billion by 2033 with a CAGR of 4.28%.
The global helicopter charter market is expanding rapidly due to several key factors. One of the main drivers is the demand for helicopter services is being driven by the increasing prevalence of disasters and the need for rapid emergency response. With global temperatures on the rise, the occurrence of wildfires is expected to increase over the next two decades, leading to a growing demand for search and rescue and aerial firefighting activities. Consequently, end-users are likely to spend more on these services in the future. Additionally, natural disasters are becoming more frequent and intense due to climate change, which may increase the need for search and rescue helicopters in the coming years. As roads become more congested, there is also expected to be an increase in the need for faster aerial transportation, particularly for Helicopter Emergency Medical Services in developing countries.
Despite the many drivers and opportunities for growth in the global helicopter charter market, there are also several challenges that must be addressed. One of the main challenges is the high cost of helicopter charter, particularly the more advanced and accurate ones. This has limited the adoption of these systems in developing countries and smaller organizations that may not have the financial resources to invest in such systems.
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Furthermore, the COVID-19 pandemic has led to increased investment in the healthcare sector, resulting in a rise in demand for Air Ambulance Services for emergency medical services. Helicopters are well-suited to meet these requirements as they can operate without a paved runway and can take off and land at the nearest location of the incident, thereby reducing response and travel times.
Geographically, Helicopter charter is a leading market in North America, with the United States holding the majority of the market share. The US is expected to maintain its position as the leading market in the upcoming years due to the increasing ease with which individuals can access private aircraft and the growing awareness of the air charter market in the country.
Additionally, some of the market key players are AB Corporate Aviation, Abu Dhabi Aviation International, Aero Asahi Corporation, Air Charter Service, Air Greenland A/S, Alpine Helicopters Inc, Air Methods Corporation, Apollo Air Services Limited, Babcock International, Bristow Helicopters Limited, Carson Helicopters Inc., Charter-A Ltd., Others.
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