Huge Growth And Opportunities in Global Helicopter Tourism Market Till 2023

Global Helicopter Tourism Market Information Report by Tourism Type (Customized Tourism and General Tourism), Ownership (Fractional Ownership, Charter Service, and Joint ownership agreements) and region.

Market Scenario

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.

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The factors that are responsible for the growth of automotive helicopter tourism market are growing demand for decline of crude oil prices, increasing use of commercial helicopters, growing popularity of helicopter travel, and rise in tourism. There has been a significant decline in crude oil prices, which has directly impacted the aviation industry. Moreover, post the exit of Britain (Brexit) from the European Union (EU), there has been a substantial dip of 2.6% in the crude oil prices. This decline had led to a price of USD 47.16 per barrel. The massive decline in the prices of crude oil and standard aviation fuel, is a major challenge for the oil equipment companies. This, however, works in favor of the airline or the helicopter companies, reducing their operating costs and enabling them to lower the air fare. Consequently, it becomes easier for tourists/passengers to afford air travel.

The market is expected to reach USD 941.6 million by 2023 at a CAGR of 4.17% during the forecast period. One of the major factors driving the global helicopter tourism market is the shortage of transport infrastructure, particularly in larger urban areas. The conventional methods of transportation have not been able to keep up with the growing population and hence, the need for alternative commuting solutions, arises. Furthermore, increasing prosperity and business developments, will eventually result in demand for inner-city air travel, particularly in the growing markets. The rise in the tourism will also lead to the growth of helicopter tourism market during the forecast period.

The global helicopter tourism market is segmented based on tourism type, ownership, and region. On the basis of tourism type, the market as segmented as customized tourism and general tourism. Customized Tourism accounted for the largest market share of 62.35% in 2016, with a market value of USD 444.1 million, and is projected to grow at the highest CAGR of 4.28% during the forecast period. The growth in tourism sector, has resulted in the growth of the economy. Many tourism companies are partnering with resorts and private helicopter companies in order to provide customized services to tourists. This will result in the increasing use of helicopters in tourism, which will indirectly result in the growth of the market. Based on ownership, the market is segmented as fractional ownership, charter service, and joint ownership agreements. Fractional Ownership accounted for the largest market share of 48.18% in 2016, with a market value of USD 343.2 million and is projected to grow at a CAGR of 4.08% during the forecast period.

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On the basis of regions, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. 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. They are engaged in providing private, customized, or general tours to the passengers. Due to favorable government regulations and increasing partnerships with tourist resorts, helicopter operators face no trouble in offering tours to the customers. Europe is the second largest region that is expected to dominate the market during the forecast period due to steady increase in the number of helicopter companies coupled with the large number of tourist destinations in this region.

Key Players

The key players in aerospace flight control system market are Airbus (Netherlands), Bell Helicopter Textron Inc (Texas), Leonardo – S.p.A (Italy), Russian?elicopters 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),.

Scope of Report

The report for Global Helicopter tourism Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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