Latest Research Report on Helicopter Tourism Market Segmented by Tourism Type (Personalized Tourism and General Tourism), Ownership (Partial Ownership, Charter Services and Co-Ownership Agreements) and Region – Forecast to 2030
NEW YORK, USA, Jan. 30, 2023 (GLOBE NEWSWIRE) — Market scope of helicopter tourism:
According to the MRFR analysis report, the global market for Helicopter Tourism Market Information Report by Tourism Type, Ownership and Region, wherein the market is expected to acquire USD 1.12 billion at a CAGR of 3.56% by 2030.
A new aspect of tourism is helicopter travel. Helicopter tours are available to travelers and visitors, providing them with personal time and the opportunity to capture creative images of the sky above popular or less busy rural locations.
Competitive dynamics:
In order to maintain their market positions, the competitors in the helicopter travel industry are concentrating on methods including mergers, acquisitions, and market initiatives.
|
Report attribute |
Details |
|
2030 Market Size |
USD 1.12 billion USD |
|
CAGR |
3.56% (2022-2030) |
|
Base year |
2021 |
|
Forecast period |
2022-2030 |
|
Historical data |
2020 |
|
Estimated units |
Value (million USD) |
|
Report coverage |
Revenue forecast, competitive landscape, growth factors and trends |
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Covered segments |
North America, Europe, APAC, MEA, South America |
|
Geographical areas covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
|
Key market drivers |
The number of customers choosing helicopter tours has increased |
The main players in the market are:
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Market dynamics:
Market drivers:
The increase in the number of tour companies has led to an increase in the number of helicopters available for aerial tours. In addition to air ambulances and government carriers, helicopters have seen a significant increase in demand from commercial customers. Helicopter tourism has recently seen a surge in popularity in various cities in both established and developing countries, helping to grow the helicopter tourism industry. In addition, there has been a surge in the purchase of civilian helicopters for tourism as a result of an increase in commercial helicopter manufacturers around the world. When you add this to the growing desire for aerial tourism, you have a clearer picture of the expanding helicopter tourism market.
As helicopter travel becomes more popular, the helicopter tourism market is expanding. Cheap flights have become possible thanks to the growth of air travel over the past few decades. Therefore, the number of users who choose helicopter tours is increasing. Due to the improved visibility for passengers at lower flights and the ability to visit places that would otherwise be inaccessible, the global helicopter tourism market expects the preference of helicopters as an ideal means of travel for older tourists or people with disabilities, as well as an exceptional experience in travel, will drive future market growth.
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Artificial intelligence and the Internet of Things (IoT) are having a major impact on the travel and tourism business. Communication before and after the trip is now possible thanks to artificial intelligence. Travelers benefit from the help of a mobile application that includes artificial intelligence (AI). Organizations can also benefit from the convenience and security that digital or instant payments provide. As a result, air travel companies have a lot of room to grow with the implementation of these new technologies.
Market restrictions:
Aviation restrictions and stringent visa requirements in addition to the high cost of helicopters are projected to restrict market expansion in this sector.
Analysis of COVID-19:
Since December 2019, the COVID-19 epidemic has affected every business in the world. Governments have been forced to impose restrictions on the movement of goods and people due to the steady rise in the number of people infected with the virus. Due to travel restrictions imposed by many countries around the world, the number of tourists in tourist destinations has decreased significantly. Government-imposed social and physical distancing measures have also limited social gatherings at tourist sites. The volume of the helicopter tourism business has declined as a result of these obstacles.
Market Segmentation:
By type of tourism
The market is dominated by the sector that caters to the needs of individual customers. Personalized tours allow travelers to go wherever and whenever they want. Additionally, these customized trips ensure that each and every one of their clients has a one-of-a-kind adventure. Similarly, users can design their own helicopter flights with different tour operators.
By ownership
In 2020, the market was controlled by the charter services segment. Instead of buying an entire helicopter, users can purchase part of one through a program called fractional ownership helicopters. Partial helicopter owners pay a monthly maintenance fee as well as an hourly fee for work that is handled by a professional helicopter maintenance company. Therefore, the cost of moving or stopping is reduced. Buying a share of sixteen to half of the planes makes them affordable to a large number of people.
Regional analysis:
As a result of the flood of domestic tourists and reduction in crude oil prices, North America is projected to hold the predominant share of the global helicopter tourism market in the year following the base year. Economic expansion in North America is mainly fueled by travel and tourism. Air tours are expected to be one of the fastest growing segments in the travel and tourism industry. Group and individual travel are important economic generators for countries. North American travel companies and operators have a major influence on the direction tourism is taking in the modern world. Travel spending in North America is dominated by the United States. Both travelers and tour providers in the region have benefited from technological advances.
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In the base year, Europe is expected to hold the second largest market share due to increased focus on helicopter tourism in countries such as Spain and Italy.
Significant market growth is expected in the Asia Pacific region during the forecast period. The increase in the number of helicopter tourism service providers can be attributed to the high demand in the region for rotorcraft tourism and the expansion of the sector.
Drone tourism is projected to grow in regions such as the Middle East and Africa and Latin America over the next few years due to growing global interest in the technology.
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