Market Trends of Heliport Industry
This section covers the major market trends shaping the Heliport Market according to our research experts:
General Aviation is Expected to Experience the Highest Growth during the Forecast Period
General aviation is anticipated to register the highest CAGR during the forecast period. This is mainly due to the increasing helicopter services for VIP transportation, personal transportation, and tourism. With increasing tourism and personal transportation through helicopters, there is an increasing demand for building rooftop heliports on skyscrapers. For instance, in 2015, 20 high-rise buildings were given the clearance to build helipads for commercial and personal use. Such approvals supported 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 increasing demand for such services, the demand for rooftop heliports is increasing, thereby, boosting the growth of the market segment.
North America was Anticipated to Garner the Highest Market Share in 2019
The North American region currently holds the highest share of the market. The market is anticipated to witness a gradual growth during 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) and 9,750 civil helicopters in the United States. However, the demand for heliports is anticipated to increase, owing to the increasing adaptation of helicopters for public and para-public missions, like 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 its plan to roll out these services to more customers (currently available for Platinum and Diamond members only) and across other cities. With such initiatives being underway, the market is anticipated to witness growth during the forecast period.
