Heliport Market: Global Size, Opportunities, Historical Analysis, Development Status, Business Growth and Forecast: 2022-2031

Japan, Japan, Tue, 05 Apr 2022 02:56:41 / Comserve Inc. / -- The heliport market is anticipated to grow at a CAGR of more than 1.5% during the forecast period.

The heliport market is anticipated to grow at a CAGR of more than 1.5% during the forecast period.
- The increased use of helicopters for VIP transport and tourism has increased in regions of the United States, Brazil, the United Kingdom, China, and India among others. This has increased the emphasis on the construction of new heliports in these regions to support these services.
- The upcoming oil and gas exploration and production projects in the Mediterranean, Guyana, and East Africa are expected to be relatively new and attractive markets for offshore helicopter services. Such projects are anticipated to open future market opportunities for heliport construction.
- The market holds less barriers for new entrants as any established construction company can venture into this market.

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Scope of the Report

A heliport is an area of land, water, or structure that is used (or intended to be used) for the landing and take-off of helicopters and includes its buildings and facilities like MRO facilities, hanger, etc. The market study includes the construction of new heliports for various applications like VIP transport, medical emergency, and offshore purposes.

Key Market Trends

General Aviation to Experience the Highest Growth During the Forecast Period

General Aviation is anticipated to grow at the highest CAGR during the forecast period. This is mainly due to increasing helicopter services for VIP transportation, personal transportation, and tourism. With increasing tourism and personal transportation through helicopters, there is an increasing demand for rooftop heliports being constructed on the skyscrapers. For instance, earlier in 2015, 20 high-rise buildings were given clearance to have helipads for commercial and personal use. Such approvals support the growth of the helicopter services in the region, which resulted in the launch of heli-taxi services by Thumby Aviation in the city connecting Electronic City to Bangalore International Airport in March 2018. Similar services were also launched in the United States and in some of the European countries. With the growing demand for such services, the demand for rooftop heliports is increasing, thereby boosting the growth of the segment during the forecast period.

North America is anticipated to have the Highest Share in the Market in 2019

North America region currently has the highest share in the market. The market is anticipated to witness a gradual growth in the forecast owing to the increasing helicopter services in the region. As of November 2018, there were 5,660 heliports (not all are for public use) in the United States and 9,750 civil helicopters. However, the demand for heliports is anticipated to increase owing to the increasing adaptation of helicopters for public and para-public missions like Search & Rescue, Helicopter Emergency Medical Services (HEMS), and law enforcement. Recently in July 2019, Uber Copter launched its helicopter transportation services from Manhattan to JFK Airport and announced its plan to roll out these services to more customers (currently available for Platinum and Diamond members only) and to other cities soon. With such initiatives underway, the market is anticipated to witness growth during the forecast period.

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Competitive Landscape

The market of heliports (construction) is highly fragmented as there are many regional players. The prominent players in the heliport market are Heliport Systems, Inc., Aluminium Offshore Pte Ltd., FEC Heliports, Technokontrol Technologies, and Helitecnica. Also, as there are no specific regulations for heliport construction, the market entry of established construction companies is simple. For instance, in September 2019, Jones Bros Civil Engineering UK, a UK-based civil engineering contractor, completed the construction of USD 5.45 million heliport base in Barrow-in-Furness, which will support the helicopters to transport technicians to and from the Walney Extension offshore wind farm project. Similarly, South West Highways Ltd., a joint venture between Colas Ltd and Eurovia UK Ltd (provides maintenance services for highways, bridges and coastal structures), was selected for Derriford Helipad construction. This project from Plymouth Hospital NHS Trust to deliver an improved helicopter landing facility, with a contract value of USD 1.99 million (Completed in 2015). With a large number of construction companies involved in the market along with growing demand for new heliports around the world, the market competitiveness is anticipated to grow in the coming years.

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The post Heliport Market: Global Size, Opportunities, Historical Analysis, Development Status, Business Growth and Forecast: 2022-2031 appeared first on Comserveonline.

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