The travel and tourism industry is among the world’s largest industries with a significant economic contribution. Over the years, a number of countries, such as Australia, France, Malaysia, U.K., UAE, and US, have consistently grown as popular tourism destinations. At the same time, developing countries such as China, India, Brazil, and South Africa, are also emerging as tourist attractions in the recent years and reaping the economic benefits of the industry.
Helicopters, in particular, have helped promote the industry, over the last few years. They assist in endorsing a tourist resort, hotel, or destination by presenting an innovative view of the place. They also provide short tours in and around a city, and to some major tourist destinations, offering a remarkable view from top of the sky.
With the rapid growth in air travel, the helicopters are being used for a large number of purposes, be it medicine, sports, or tourism. Although, helicopter tourism is at its nascent stage, it provides a new dimension to the travel and tourism industry and is anticipated to grow gradually, during the forecast period.
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Major Key Players
Bell Helicopter Textron Inc (Texas),
Leonardo – S.p.A (Italy),
Russian Нelicopters JSC (Moscow),
Enstrom Helicopter Corp (Michigan),
MD HELICOPTERS, INC (Arizona),
Robinson Helicopter Company (California), and Turkish Aerospace Industries Inc (Turkey), .
The Helicopter Tourism Market is expected to reach USD 941.6 million by 2023 at a CAGR of 4.17% during the forecast period.
Helicopter Tourism Market – Competitive Analysis
The global helicopter tourism market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base have become the key areas to have the edge over the competitors.
The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide advanced and high-quality helicopters in order to survive and succeed in an intensely competitive market environment.
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Helicopter Tourism Market – Segments
For the convenience of the report and enhanced understanding; The Helicopter Tourism Market is segmented in to 3key dynamics
Segmentation by Tourism Type: Customized Tourism and General Tourism.
Segmentation by Ownership: Fractional Ownership, Charter Service, and Joint ownership agreements.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and RoW.
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