Helicopter Tourism Market Size Valued at USD 1.12 Billion , market Grow at a CAGR Of 3.56% by 2022 -2030
Helicopter Tourism Market Is Projected to Reach USD 1.12 Billion 2030 It Is Expected To Grow At A CAGR Of 3.56% From 2022 To 2030 The travel business has expanded to include helicopter tourism. Helicopter visits are suggested to tourists/travelers over well-known or less crowded locations in the open countryside, giving them privacy and the chance to capture artistic photos of the sky. One factor contributing to the expanding helicopter travel sector market is the frequency of helicopter trips. Due to the enormous growth in air travel over the years, travel agencies now provide affordable flights. All these factors are anticipated to drive the growth of the market for helicopter tourism over the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients compelled governments to restrict the transportation of goods and human movement. The tourism sector witnessed severe losses due to travel restrictions imposed by several countries’ governments across the globe, which led drastic fall in the number of visitors to tourist places. According to the recent World Health Organization (WHO) report, major tourism countries such as the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, India, and China are some of the worst affected due to the COVID-19 outbreak. Additionally, the social or physical distancing measures imposed by governments have put limitations on the social gathering at tourist destinations. These adversities led to a reduction in the business volume of the market for helicopter tourism.
The popularity of the product among consumers, successful marketing tactics in untapped markets, and significant financial investments in product development are a few of the main reasons driving the Helicopter Tourism Market for helicopter tourism t. Businesses are also attempting to supply the market with the appropriate items to meet the growing demand. Sightseeing with the help of helicopters offers an innovative way to explore a scenic attraction or vacation spot. The chances for business owners are also explicitly described by the Industry, enabling them to put the appropriate strategies in place and take full advantage of them. The opportunities assist buyers and stakeholders in properly planning their investments and obtaining the highest rate of return. All these factors are anticipated to drive the growth of the market for helicopter tourism over the forecast period.
The increased acceptance of helicopter travel is one of the major drivers of the market for helicopter tourism rise. Due to the enormous rise in air travel over the years, airlines now provide affordable trips. The number of customers choosing helicopter tours consequently rose. In the upcoming years, the market growth may be aided by the preference for helicopters as an ideal mode of transportation for elderly travelers and individuals with disabilities, the benefit of better reading for passengers on shorter flights, and the promise of an exceptional travel experience because they can go to inaccessible locations.
Low prices of alternate products
The low price of alternatives is another hindrance in the industry. However, businesses plan to get around this problem by regulating costs and utilizing cutting-edge technology, which will increase product demand. By doing this, producers can properly manage their resources without sacrificing product quality or timely market delivery.
The growing popularity of aerial sightseeing
The general public is quickly becoming more familiar with helicopter sightseeing as a cutting-edge method of exploring natural wonders or vacation destinations. Because of their flexibility in various directions, these rotorcrafts allow passengers to have a closer perspective of scenic areas, including beaches, volcanoes, and mountain ranges. The ease with which these trips can be planned in conjunction with hotel stays, conference packages, or conferences further fuels the potential of the global business. Many beautiful places, such as the Hong Kong Skyline, Iguazu Falls, Ellis Island, Grand Canyon, Hawaii, Great Barrier Reef, Amalfi Coast, Mendenhall Glacier, Niagara Falls, 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, and Kenya's Laikipia Plateau, are experiencing a significant increase in popularity.
Helicopter Tourism Market Segmention
The helicopter tourism market segmentation, based on types, is general and customized tourism. The helicopter tourism market growth was prominently high under the customized tourism category in 2021. The main advantage of customized tours is the ability to go anywhere and anytime. Additionally, these personalized tours give the client a unique and distinct experience. Similarly, numerous helicopter tour operators give their clients personalized itineraries based on their travel interests.
The helicopter tourism market segmentation, based on applications, is personal, family, and group tourism. In 2021, family tourism accounted for the largest market share of the global market for helicopter tourism. The growing emphasis on encouraging family unity, maintaining family ties, and making family memories fuels family tourism. Families are becoming more geographically distributed due to mobility, and new family markets are developing.
Global Helicopter Tourism Market Share, by Region, 2021 (%)
Helicopter Tourism Market Overview, by Region
By region, the helicopter tourism market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia-Pacific will exhibit the highest CAGR during the forecast period.
North America dominated the market for helicopter tourism share in 2021 due to the decline in crude oil prices & the influx of domestic travelers across the U.S. The growth is also attributed to the highest defense expenditure and a large number of procurement of advanced lightweight helicopters from the company, Bell Textron, Lockheed Martin Corporation, and others, propelling the market growth in the region.
Asia-Pacific accounted for the fastest growth rate in the market for helicopter tourism in 2021 due to the increasing number of helicopter operators, rising demand for helicopters, and increased demand for search & rescue operations. These factors have encouraged travel operators to provide low-cost flights, leading to many travelers opting for helicopter rides.
Helicopter Tourism Market Competitive Landscape
The competitive landscape of the market for helicopter tourism gives information about the competitor. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. Since the COVID-19 infection flared up in December 2019, the illness has spread to nearly every nation, and the World Health Organization has declared it a general health emergency.
The effects of coronary disease in 2019 (COVID-19) are already beginning to be noticed, and they will collectively have a significant impact on the market for helicopter travel. The market development predicted by the overall helicopter the travel industry segment will be faster than the market development predicted by the modified helicopter the travel industry fragment. In January 2022, Bristow Group recently stated that Netherlands Coastguard had given it a significant 10-year government contract for search and rescue helicopter services.
Prominent players in the helicopter tourism market research include Chicago Helicopter Tours, Sydney Helicopters, Maverick Helicopters, Cape Town Helicopters, Bravo Helicopters, Heliair Venice, Liberty Helicopter, Kaikoura Helicopters, Barcelona Helicopters, SUNDANCE HELICOPTERS, Birds Eye View Helicopters, HELI-JET AVIATION, Niagara Helicopters among others.
Scope of the Helicopter Tourism Market Report
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Helicopter Tourism Market Forecast & Size:
To identify and estimate the market size for the helicopter tourism market report segmented by type and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of global helicopter tourism market forecast between 2022 and 2030
Market Landscape and Trends:
To identify the helicopter tourism Industry growth and infer the drivers, restraints, opportunities, and challenges.
Market Influencing Factors:
To find out the factors which are affecting the helicopter tourism market size
Impact of COVID-19:
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 1.12 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Types, By Applications|
|Geographies Covered||North America, Europe, APAC, MEA, South America|
|Key Vendors||Airbus ,Bell Helicopter Textron Inc. ,Leonardo – S.P.A ,Russian Нelicopters JSC ,Sikorsky 105,AVIC 108,Enstrom Helicopter Corp. ,MD HELICOPTERS, INC.|
|Key Market Opportunities||Opportunity to take innovative photos of the sky|
|Key Market Drivers||Increased the number of customers opting for helicopter tours|
The helicopter tourism market forecast period is 2022 - 2030
The market is expected to register a CAGR of ~20% over the next 10 years, according to the helicopter tourism market research.
Asia-Pacific is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
The market size is expected to be USD 1041.77 million by 2030.
Chicago Helicopter Tours, Sydney Helicopters, Maverick Helicopters, Cape Town Helicopters, Bravo Helicopters, Heliair Venice, Liberty Helicopter, Kaikoura Helicopters, Barcelona Helicopters, SUNDANCE HELICOPTERS, Birds Eye View Helicopters, HELI-JET AVIATION, Niagara Helicopters are the major companies operating in the global market.
The North America region is expected to dominate the helicopter tourism market due to rising helicopter tourism in major markets such as U.S., Argentina, Canada, Brazil, Mexico, and Peru. All these countries have advanced infrastructure and tourism destination which signifies the potential of the market. There are a large number of helicopter companies based in this region, which proliferate the tourism business.