Rising Prominence of Air Ambulance in the Medical Industry to Accelerate Growth in the Global Heliports Market, says Technavio

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According to the latest market research study released by Technavio, the global heliports market is expected to grow at a CAGR of more than 2% during the forecast period 2016-2020.

This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

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Technavio research analysts categorize the global heliports market based on industry type:

Global heliports market share by industry type 2015

Medical

31.8%

General Aviation

27.0%

Offshore

23.0%

Others

18.2%

                                                                                  Source: Technavio

The top three revenue contributing product segments are discussed below:

Global medical heliports market

The global medical heliports market was valued at around USD154 million in 2015 and is predicted to grow at a CAGR of close to 4% by 2020. The extensive use of heliports by hospitals to support air ambulances will lead to the growth of this market segment during the forecast period. These air ambulances engage in life-saving services, enabling quick transfer of patients who require medical attention. The services aim to quickly transport the patient from their doorstep to the hospital care unit and additionally assist the service crew to provide pre-hospital and first aid assistance to patients. The vendors manufacturing helicopters for medical purposes, use technologies that minimize the noise generated by the machines to reduce the inconvenience of the patients on board.

The onboard services offered are expected to enhance the availability of in-flight equipment such as oxygen cylinders. The need for providing heliport service by hospitals is increasing across the globe, resulting in the growing demand for air ambulances and heliport services. The vendors in the market are investing in emerging nations like India and China to expand their consumer base and increase their profitability,” says Avimanyu Basu, a lead analyst at Technavio for research on aerospace.

Global general aviation heliports market

The global general aviation heliports market was valued at about USD131 million in 2015 and is predicted to grow at CAGR of more than 3% by 2020. The increasing air tourism around the world and corporates requiring quick movements between cities is driving the growth in this market segment. The global general aviation market constitutes of heliport services used for tourism, both domestic and national, and corporate companies using personalized heliports for business activities such as shuttling clients. These heliports are usually built in the city or the outskirts, and act as feeder services for the airports. The government bodies across the globe are promoting the air tourism to increase revenues and boost economic development in the region.

Global offshore heliports market

The global offshore heliports market was valued at close to USD112 million in 2015. The rapid increase in the energy exploration activities across the globe will promote the growth of this market segment. The oil and gas companies face time constraints which encourage them to resort to using the helicopter services and resulting in the growth of the market segment during the forecast period.

The top leading vendors operating in the global heliports market are:

  • FEC Heliports
  • Helidex Offshore
  • Heli-Exec Solutions
  • HeliExperts International
  • Heliport Systems

Other prominent vendors in the market include BNN Aviation,  Calzoni, Cyma Builders and Construction Managers, Downing Heliports Systems, Flight Light, and Helipad Company.

A more detailed analysis is available in the Technavio report titled, ‘Global Heliports Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.

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