Market Size of Heliport Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 70.19 Million |
Market Size (2029) | USD 79.76 Million |
CAGR (2024 - 2029) | 2.59 % |
Fastest Growing Market | Europe |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Heliport Market Analysis
The Heliport Market size is estimated at USD 70.19 million in 2024, and is expected to reach USD 79.76 million by 2029, growing at a CAGR of 2.59% during the forecast period (2024-2029).
- The use of helicopters for VIP commute and tourism purposes has increased in many regions of the United States, Brazil, the United Kingdom, China, and India, among other countries. This has increased the emphasis on the construction of new heliports in these regions, to support such 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 has relatively fewer barriers for new entrants, and any established construction company can venture into the industry.
Heliport Industry Segmentation
A heliport is an area of land, water, or adjoining structure that is used (or intended to be used) for the landing and take-off of helicopters, and it includes buildings, MRO facilities, hangers, etc. The market study includes the construction of new heliports for various applications, like VIP transport, medical emergencies, and offshore purposes.
Application | |
General Aviation | |
Offshore | |
Medical |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle-East & Africa |
Heliport Market Size Summary
The heliport market is experiencing growth driven by increased helicopter usage for VIP commutes and tourism, particularly in regions such as the United States, Brazil, the United Kingdom, China, and India. This surge in demand has led to a focus on constructing new heliports to support these services. Additionally, upcoming oil and gas exploration projects in areas like the Mediterranean, Guyana, and East Africa are expected to create new opportunities for offshore helicopter services, further boosting the market. The market's low entry barriers allow established construction companies to easily enter the industry, contributing to its expansion. General aviation is projected to grow significantly, fueled by rising helicopter services for personal and tourism-related transportation, which in turn is increasing the demand for rooftop heliports on skyscrapers.
North America currently dominates the heliport market, with gradual growth anticipated due to the rising helicopter services in the region. The demand for heliports is expected to increase, driven by the adoption of helicopters for public and para-public missions such as search and rescue, emergency medical services, and law enforcement. Initiatives like Uber Copter's helicopter transportation services from Manhattan to JFK Airport highlight the market's potential for growth. The heliport construction market is highly fragmented, with numerous regional players and no specific regulations, making it easier for established construction companies to enter. This competitive landscape, combined with the growing demand for new heliports worldwide, is expected to drive further market growth in the coming years.
Heliport Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 General Aviation
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2.1.2 Offshore
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2.1.3 Medical
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle-East & Africa
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Heliport Market Size FAQs
How big is the Heliport Market?
The Heliport Market size is expected to reach USD 70.19 million in 2024 and grow at a CAGR of 2.59% to reach USD 79.76 million by 2029.
What is the current Heliport Market size?
In 2024, the Heliport Market size is expected to reach USD 70.19 million.