Helicopter Tourism Market 2018 by Tourism Type, Ownership, Regional Analysis, Service Providers and End Users - Global Forecast to 2023

Market Highlights:

Helicopter tourism is a new dimension of tourism. The tours are offered to the passengers/tourists by the helicopters over the popular places or less crowded places, in a country, giving them the time and opportunity to capture the scenic aerial view. During the last decade, the introduction of new tourist destinations has brought about a revolution in the global tourism industry. With the increase in the number of the tourism service providers, there has been a significant growth in the demand for air travel and a simultaneous rise in the number of aircraft and helicopter. Some countries, such as Australia, France, Spain, South Africa, Hong Kong, Indonesia, U.K., and U.S. have been major beneficiaries of global tourism, over the years.

The market has been analyzed based on tourism type, ownership, and region. On the basis of type, customized tourism segment has dominated the helicopter tourism market during the forecast period due to the growth in tourism sector. Traditionally, the tourists used to opt for the first deal that was offered to them by the tourism companies. However, technology advancements and the rise in the number of social media users, have enabled tourists to choose from an array of tourism destinations, resorts, and airlines, and overall packages. With the growth of social media and the internet penetration, people have infinite possibilities and opportunities, which has also empowered them for picking their best deals. Also, they can now demand customization of desired services. Consequently, the tourism companies adapt to and take advantage of the opportunities.

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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.

On the basis of ownership, fractional ownership segment has dominated the market during the forecast period because fractional ownership requires a lower up-front capital expenditure as compared to the full purchase of helicopters. Helicopters used in fractional programs operate for more hours as compared to general helicopters and, therefore, have a lower-than-average residual value. Fractional programs cover fixed costs by charging a monthly fee, which is set by the management of the company without the owner intervention.

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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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