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 expected to grow at a CAGR of over 1.5% during the forecast period.
the helipad market is expected to grow at a CAGR of over 1.5% during the forecast period.
– The increased use of helicopters for transport and VIP tourism has increased in parts of the United States, Brazil, United Kingdom, China and India, among others. This has increased the emphasis on building new heliports in these regions to support these services.
– 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 expected to open up future market opportunities for the construction of helipads.
– The market presents less barriers for new entrants as any established construction company can venture into this market.
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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, hangar, etc. The market study includes the construction of new helipads for various applications such as VIP transport, medical emergencies and for offshore purposes.
Main market trends
General aviation will experience the strongest growth over the forecast period
General aviation is expected to grow at the highest CAGR over the forecast period. This is mainly due to the increase in helicopter services for VIP transport, personal transport and tourism. With the increase in tourism and personal transport by helicopters, there is a growing demand for rooftop helipads built on skyscrapers. For example, earlier in 2015, 20 high-rise buildings received approval to have helipads for commercial and personal use. These approvals support the growth of helicopter services in the region, culminating in the launch of helicopter taxi services by Thumby Aviation in the city connecting Electronic City to Bangalore International Airport in March 2018. Similar services have also launched in the United States and some European countries. With the growing demand for such services, the demand for rooftop helipads is increasing, thereby boosting the growth of the segment over the forecast period.
North America is expected to have the highest market share in 2019
The North America region currently holds the highest market share. The market is expected to witness a gradual growth in forecast owing to the increase in helicopter services in the region. As of November 2018, there were 5,660 helipads (not all for public use) in the United States and 9,750 civilian helicopters. However, the demand for helipads is expected to increase due to the increasing adaptation of helicopters to public and parapublic missions such as search and 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 plans to roll out these services to more customers (currently only available to Platinum and Platinum members). Diamond) and soon in other cities. With such ongoing initiatives, the market is expected to witness growth over the forecast period.
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The heliport (construction) market is highly fragmented as there are many regional players. The major players in the heliport market are Heliport Systems, Inc., Aluminum Offshore Pte Ltd., FEC Heliports, Technokontrol Technologies and Helitecnica. Additionally, since there are no specific regulations for the construction of heliports, entry into the market for established construction companies is straightforward. For example, in September 2019, Jones Bros Civil Engineering UK, a UK-based civil engineering contractor, completed the construction of a $5.45 million heliport base in Barrow-in-Furness, which will support helicopters to transport technicians to and from the Walney Offshore Wind Farm Expansion Project. Similarly, South West Highways Ltd., a joint venture between Colas Ltd and Eurovia UK Ltd (maintenance services for motorways, bridges and coastal structures), was selected for the construction of the Derriford heliport. This Plymouth Hospital NHS Trust project aims to provide 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 and an increasing demand for new heliports globally, the market competitiveness is expected to increase in the coming years.
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