Helicopter Tourism Market is expected to grow US$ 1,253.9 million at a CAGR of 4.7% by 2019-2027

The helicopter tourism market was valued at US$ 851.9 million in 2018 and is expected to grow at a CAGR of 4.7% from 2019 to 2027 to reach US$ 1,253.9 million by 2027.

Helicopters have been witnessing significant demand from the commercial customers apart from air ambulance and governmental carriers. In the recent years, the tourism through helicopters is soaring in different cities of developed countries as well as developing nations, which is bolstering the helicopter tourism market growth. The global helicopter tourism market is driven by factors such as arising growth in tourism industry paired with positive economic outlook and increasing interest towards aerial sightseeing, but striking number of past helicopter accidents is anticipated to restrain the market growth during the forecast period. Despite of this,widening scope in the emerging economies is anticipated to boost the helicopter tourism market in the forecast period. However, rising demand for helicopter tourism in medical applications and well-established market in APAC and European countries are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.

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Sightseeing with the help of helicopters are rapidly gaining interest among the population as it offers an innovative way for exploring a scenic attraction or a vacation spot. Owing to the maneuverability of helicopters in several directions, these rotorcraft help the visitors in getting a closer view of scenic places including beaches, volcanoes, mountain ranges, and other places. Further, the ease of booking these tours in combination with the hotel stays or as a part of meeting packages or conventions is driving the overall growth of the helicopter tourism market. Many scenic destinations including Hong Kong Skyline, Iguazu Falls, Ellis Island, grand canyon, Hawaii, great barrier reef, Amalfi Coast, Mendenhall Glacier, Niagara Falls, Chicago's skyline & streetscape, Victoria Falls, Rio's electric beachfront town, Bays in San Francisco, Cape Town's Durbanville Hills, Mount Everest, Seattle's skyline, Sydney Opera House, New Zealand's Fox Glacier, Canada's Columbia Mountains, Kenya's Laikipia Plateau, and other attractions are gaining an enormous interest among the tourist. Hence, this factor has driven the helicopter tourism market to a significant extent.

Travel and tourism industry is one of the few industries that has undergone throughout the crisis, attaining sustained growth in the last few years. There is also a general consent in optimistic prospects for the near future. On the other hand, tourism industry is playing a significant role in developing incoming destinations, as well as contributing to the GDP, creation of jobs, exports, and new ventures. Tourism sector can be classified into two types namely, general tourism and customized tourism. The customized tourism is booming across the globe and is leading the global helicopter tourism market in the current scenario. The major benefit of customized tours is the travelers have the chance to go anywhere they wish to, during anytime. Further, these customized tours also guarantee the client a unique and exclusive experience. Likewise, the various helicopter tour service providers offer customized tours to their customers depending on their desire to travel.

The helicopter tourism market, by ownership type, is segmented into fractional ownership and charter service. The fractional ownership segment captured dominating share in the global helicopter tourism market. The companies in the market offer a range of programs to the clients, designed and developed to meet various requirements, i.e. from those of the individual traveler to those of complex corporate travel department. The private helicopters are valuable travel option that delivers superior comfort, convenience, and control for high net worth families and individuals.

The Prominent/Emerging Players in the Helicopter Tourism Market Research include:

- Accretion Aviation
- Birds Eye View Helicopters
- Chicago Helicopter Tours
- Grand Canyon Helicopters
- Helicopter Flight Services Inc.
- Liberty Helicopter
- Maverick Helicopter
- Sundance Helicopters
- Zip Aviation
- Cape Town Helicopters

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Key Elements that the report acknowledges:

- Market size and growth rate during forecast period.
- Key factors driving the Helicopter Tourism Market.
- Key market trends cracking up the growth of the Helicopter Tourism Market.
- Challenges to market growth.
- Key vendors of Helicopter Tourism Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Helicopter Tourism Market.
- Trending factors influencing the market in the geographical regions.

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This release was published on openPR.