Helicopter Tourism Market by Global Service Providers: Airbus, Bell Helicopter Textron, Leonardo, Russian Нelicopters JSC , Sikorsky, AVIC

Market Overview

The travel and tourism industry is among the world’s largest industries with a significant economic contribution. Over the years, a number of countries, such as Australia, France, Malaysia, U.K., UAE, and US, have consistently grown as popular tourism destinations. At the same time, developing countries such as China, India, Brazil, and South Africa, are also emerging as tourist attractions in the recent years and reaping the economic benefits of the industry.

Helicopter rides are becoming more and more popular with each passing day. Observing this, it would not be wrong to say that the global helicopter tourism market will grow at an exceptional rate during 2018-2022. The market is expected to generate the revenue of around 940.4 million by the end of the forecast period. In terms of CAGR, the market is expected to grow at the rate of 4.14%.

Another essential factor that drives the growth of the market is the drop in crude oil prices. Earlier, crude oil was quite expensive and to use it so regularly was not feasible for the tourism providers. But now, after the drop in crude oil prices providers have no issue in utilizing this resource.
High ratio of travelers, increased acceptance of helicopter travel, lack of proper transport infrastructures & high profits of businesses can all be termed as additional growth propellers for the market. Although, there is one small hindrance that the market might face. It is the discomfort associated with helicopter, but with time the industry will overcome this small problem.

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Major Key Players

Airbus (Netherlands),
Bell Helicopter Textron Inc (Texas),
Leonardo – S.p.A (Italy),
Russian Нelicopters JSC (Moscow),
Sikorsky (U.S),
AVIC (China),
Enstrom Helicopter Corp (Michigan),
MD HELICOPTERS, INC (Arizona),
Robinson Helicopter Company (California), and Turkish Aerospace Industries Inc (Turkey), .

The Helicopter Tourism Market is expected to reach USD 941.6 million by 2023 at a CAGR of 4.17% during the forecast period.

Market Divisions

The worldwide helicopter tourism market can be divided into four distinct parts. They include, types, ownership and regions.
On account of types, the market is segmented into general tourism & customized tourism. Amongst the two, the customized tourism segment grabs the larger market share with 61.8% shares. Experts believe that this sub-division will grow at the CAGR rate of 4.23%.
On the basis of ownership, the industry is trifurcated into charter service, fractional ownership & joint ownership agreements. Out of these, the fractional ownership portion holds the biggest chunk of the market with 47.9% shares. It is anticipated to grow at the CAGR rate of 3.67%.
Geographically, this market is spread across regions like North America, Europe, Asia Pacific & Rest of the World.

Innovations
One of the recent advancements in the global helicopter tourism market has been the introduction of a new twin-engine helicopter. It is known as Bell Helicopter 430. Powered by a Rolls Royce engine this birdie can accommodate five people comfortably excluding the pilot and sustain the weight up to 2902 Lb.

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Helicopter Tourism Market – Segments
For the convenience of the report and enhanced understanding; The Helicopter Tourism Market is segmented in to 3key dynamics
Segmentation by Tourism Type: Customized Tourism and General Tourism.
Segmentation by Ownership: Fractional Ownership, Charter Service, and Joint ownership agreements.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and RoW.

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