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Heliport Market was valued at USD 70.7 million in 2023 and is projected to grow at a CAGR of over 2% between 2024 and 2032, attributed to the increased demand for air transportation. Based on IATA estimates, the revival in global air travel demand sustained its progress since June 2021, achieving 74.2% of the 2019 level as of October 2022. This positive trend is primarily attributed to the easing of travel restrictions and the widespread rollout of vaccines in an expanding array of countries. The demand for efficient and quick transportation options, especially in urban areas with high population density, is driving the need for heliports. Helicopters offer a flexible and time-saving mode of transportation, making them valuable for business executives, emergency services, and VIP transport, creating a favorable growth outlook for the heliport industry.
The development of urban air mobility concepts, there has been an increased focus on integrating helicopters and other vertical take-off and landing (VTOL) aircraft into urban transportation systems. For instance, in September 2022, the UIC2 marked its 5th Anniversary by transitioning into the EU's CIVITAS Initiative. This transformation within the CIVITAS Thematic Area of Demand and Urban Space Management led to the establishment of the CIVITAS Urban Air Mobility Thematic Cluster. Heliports were considered essential for supporting these emerging modes of air travel, catering to the demand for more sustainable and efficient urban transportation solutions.
Report Attribute | Details |
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Base Year: | 2023 |
Heliport Market Size in 2023: | USD 70.7 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 2% |
2032 Value Projection: | USD 87.3 Million |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 270 |
Segments covered: | Type, Capacity, and End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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However, establishing heliports involves significant upfront costs for construction, safety measures, and operational facilities. The expenses associated with designing and building heliport infrastructure can be a deterrent, especially for smaller cities or regions with budget constraints. The financial commitment required limit the widespread development of heliport facilities.
The COVID-19 pandemic significantly impacted the heliport industry as global travel restrictions and lockdowns led to a substantial decline in air travel demand. Heliports, often vital for executive travel and emergency services, experienced reduced utilization during the pandemic. The decrease in business and leisure travel, in line with economic uncertainties, affected the industry's growth. As travel restrictions are gradually lifted, the heliport sector is expected to recover, but the long-term effects remain subject to evolving travel patterns and economic conditions.
Future trends in the heliport industry involve a focus on sustainability. Technologies aimed at reducing the environmental impact of helicopter operations, such as quieter and more fuel-efficient rotorcraft, could become prominent. Heliport infrastructure evolve to support these advancements, aligning with broader industry efforts to enhance environmental sustainability. For an instance, during November 2023, Mayor Eric Adams, in collaboration with the New York City Economic Development Corporation, unveiled intentions to convert the Downtown Manhattan Heliport into a hub capable of facilitating electric flight technologies. This strategic move aligns with a comprehensive initiative to elevate urban sustainability and mitigate noise pollution throughout New York City.
Based on the type, the market is divided into surface level heliports, rooftop heliports, elevated heliports, and offshore heliports. The heliports segment dominated the market with a share of around 35% in 2023. The demand for surface level heliports is primarily driven by the need for efficient and convenient point-to-point transportation in urban, remote, or challenging terrains. Surface level heliports cater to emergency medical services, search and rescue operations, and executive and VIP transport. They offer unparalleled flexibility, allowing helicopters to take off and land in areas with limited space, facilitating swift access to critical locations. Additionally, surface level heliports play a vital role in supporting industries such as offshore oil and gas, enhancing connectivity where traditional infrastructure is impractical.
Based on the end-use, the heliport market is categorized into medical, government, commercial and military. In 2023, the commercial segment accounted for a market share of around 37% and is projected to grow significantly till 2032. The demand for heliports in commercial end use is driven by the imperative for rapid, efficient, and flexible air transportation. Commercial heliports serve as vital hubs for executive travel, offering time-saving alternatives for business leaders and professionals. These facilities are integral for urban air mobility initiatives, facilitating quick and direct connections within city centers. Moreover, heliports support tourism by providing exclusive aerial views and convenient access to popular destinations. The demand is further fueled by the growth of industries like air taxis and helicopter charter services, contributing to the evolving landscape of modern transportation.
North America led the global advanced airport technologies market with a major share of over 32% in 2023. The vast and diverse geography, including urban centers, remote regions, and offshore sites, necessitates efficient air transportation. Heliports play a crucial role in supporting industries such as oil and gas, emergency services, and VIP transport. Moreover, the region's advanced infrastructure, economic prosperity, and technological innovation contribute to the growth of urban air mobility initiatives. Robust regulations and safety standards further enhance the industry's credibility, fostering a favorable environment for the development and expansion of heliport facilities in North America.
The major enterprises dominating the competitive landscape of the heliport industry include:
Cavotec SA holds the largest market share, the comprehensive product portfolio, which includes ground support equipment and automated systems for airports, positions it as a comprehensive solution provider for heliport infrastructure needs. If Cavotec offers cutting-edge and innovative technologies tailored specifically to heliports, this could attract clients seeking advanced solutions.
The heliport market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2018 to 2032 for the following segments:
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Market, By Type
Market, By Capacity
Market, By End-use
The above information is provided for the following regions and countries: