What's Driving the Helicopter Tourism Market Growth? Accretion Aviation, Birds Eye View Helicopters, Chicago Helicopter Tours, Grand Canyon Helicopters

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.

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Company Profiles

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

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.

Market Insights

Increasing Interest towards Aerial Sightseeing

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.

Tourism Type Insights

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.

Ownership Type Insights

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.

Strategic Insights

Market initiative and new development strategies are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are mostly observed in North America. The players present in the helicopter tourism market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally

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Report Spotlights

Progressive industry trends in the global helicopter tourism market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the helicopter tourism market from 2017 to 2027
Estimation of helicopter tourism' demand across various industries
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
Recent developments to understand the competitive market scenario and helicopter tourism' demand
Market trends and outlook coupled with factors driving and restraining the growth of the helicopter tourism market
Decision-making process by understanding strategies that underpin commercial interest with regard to helicopter tourism market growth
helicopter tourism market size at various nodes of market
Detailed overview and segmentation of the global helicopter tourism market, as well as its dynamics in the industry
helicopter tourism market size in various regions with promising growth opportunities

Helicopter Tourism Market - By Tourism Type

General Tourism
Customized Tourism

Helicopter Tourism Market - By Ownership Type

Fractional Ownership
Charter Service

Helicopter Tourism Market - By Geography

North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific
China
India
South Korea
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.