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The helicopter tourism market is experiencing significant growth during the forecast period attributed to high demand for air travel, growing awareness & popularity of helicopter travel, and a simultaneous increment in aircraft & helicopters. These factors have encouraged the travel operators to provide low-cost flights, which in turn number of travelers opting for helicopter rides. Various scenic places worldwide have witnessed the year-round travel influx, which can undoubtedly boost the helicopter tourism market's market growth. Also, helicopters can be the ideal choice of transport to the geriatric populace and travelers with disabilities. Due to low flying capabilities and vertical landing & take-off capabilities, the travelers can benefit from better bird's eye view and the provision of the distinctive tour experience of impossible-to-reach places. It can drive market growth.
The crude oil prices’ decline and the increment in commercial helicopter utilization have also influenced rotorcraft tourism. Moreover, the outbreak of the ongoing pandemic has impacted sensitive industries such as tourism and aviation. These industries have witnessed the worldwide ban on air travel and the reduction in tourists' influx to tourist destinations due to loss of economy and lives equally. Fortunately, with the development of the vaccine and other government efforts worldwide, the impact of COVID-19 on these industries can help recover the economic losses borne. In the post-pandemic world, the helicopter tourism market is anticipated to witness the partnership between the helicopter operators & the hospitality industries or specifically resorts, the evolution of Unmanned helicopter tourism, and helicopter-associated big data integration. These factors are anticipated to provide market growth opportunities for the helicopter tourism market.
Key Market Driver -
• Rise in the demand for helicopter tourism in North America & Europe • Adoption of the fractional ownership across the market • Adoption of the helicopter as a mode of tourism • The decline in the crude oil prices
Key Market Restraint -
• International travel bans on air travel and stringent visa norms • High maintenance and operations cost
Based on tourism type, the helicopter tourism market is bifurcated into general tourism and customized tourism. The customized tourism segment is anticipated to hold a larger share by revenue as compared to general tourism. The market is segmented into fractional ownership, charter service, joint ownership, and others based on ownership type. The fractional ownership model is anticipated to witness the growth and is expected to dominate during the forecast period. The market is classified into personal tourism, family tourism, group tourism, and others by application. The market is expected to drive the market growth with a significant CAGR of the individual & family tourism segments owing to the ongoing pandemic and possible infection from unknown travelers. Based on region or geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The major companies included in the global helicopter tourism market report are Birds Eye View Helicopters LLC (the U.S.), Sundance Helicopters, Inc. (the U.S.), Sydney Helicopters Pty. Ltd. (Australia), Cape Town Helicopters (South Africa), Maverick Aviation Group (the U.S.), Grupo Sodarca(Portugal), Heliair.it Srl (Italy), Liberty Helicopters (the U.S.), Midwest Aviation LLC (Chicago Helicopter Tours)(the U.S.), Niagara Helicopters Limited (Canada), Helipistas Sl (Barcelona Helicopters) (Spain), Kaikoura Helicopters Ltd (New Zealand), Bravo Helicopters LLC (the U.S.), Heli-Jet Aviation Ltd. (the U.K.), and among others.
The helicopter tourism market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is expected to register the largest market share in the base year attributed to many helicopter tourism service companies, the decline in crude oil prices, and the influx of domestic travelers across the U.S.
The market in Europe is anticipated to be registered the second-largest share in the base year owing to the increased focus on helicopter tourism across Spain, Italy, Germany, France, and the U.K.
The Asia Pacific is anticipated to experience significant market growth in the market during the forecast period. This growth is attributing to the high demand for rotorcraft tourism in the regional countries and the helicopter tourism service operator's increment.
The growing focus on adopting Unmanned helicopter tourism worldwide is expected to expand the market size in the regions such as the Middle East & Africa, and Latin America, respectively, during an estimated period.
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